Asia Pacific Conventional Overhead Conductor Market Size - By Product (ACSR, AAAC, ACAR, AACSR, AAC), By Voltage (132 kV to 220 kV, 221 kV to 660 kV, >660 kV), By Application (High Tension, Extra High Tension, Ultra High Tension), & Forecast, 2023 - 2032

Asia Pacific Conventional Overhead Conductor Market Size

Asia Pacific Conventional Overhead Conductor Market was valued at USD 209.6 million in 2022 and is poised to register around 5.1% CAGR from 2023 to 2032, due to the ongoing refurbishment and replacement of aging grid infrastructure with new transmission lines. For instance, in January 2023, China's State Grid Corporation announced to invest USD 77 billion into improving transmission infrastructure for the year 2023. Furthermore, the growing priority placed on deploying robust, high-strength transmission lines is a response to concerns regarding the transformation of aging energy infrastructure into a more secure, sustainable, and reliable energy resource.
 

Ongoing efforts aimed at modernizing the power grid, which encompass grid energy storage, research and development in smart grid technologies, and the incorporation of advanced solutions, are collectively shaping a competitive industrial environment. In addition, there is a significant transition towards the incorporation of information technology across the electricity sector, which is set to facilitate the adoption of smart grid infrastructure, ultimately bolstering the overall prospects of the industry.
 

Heightened apprehensions regarding energy security and grid stability, coupled with the increasing investments directed at building resilient electrical networks to meet the rising demand for electricity, are poised to enhance the industry's outlook. The substantial surge in energy consumption, fueled by a thriving industrial sector, particularly in emerging economies, will drive the further expansion of high-voltage grid networks.
 

COVID- 19 Impact

The COVID-19 pandemic had notable repercussions on the conventional overhead conductor market. Disruptions in the supply chain and manufacturing processes were observed during the commencement of the pandemic that led to delays in project timelines and increased lead times for components, affecting the overall production of overhead conductors. However, as the pandemic unfolded, the demand for reliable electricity supply remained steadfast.
 

Asia Pacific Conventional Overhead Conductor Market Trends

The rapid expansion of smart grid infrastructure and the ongoing retrofitting of aging transmission networks are set to stimulate greater adoption of conventional overhead conductors. These conductors are increasingly favored due to their advantageous attributes, including enhanced tensile strength, superior sag resistance, and cost-effective design. These qualities are play a significant role in promoting the extensive use of these products, particularly in the construction of long-span transmission lines.
 

The consistent growth in long-distance transmission lines and the increasing use of superconducting cables, driven by the growing demand for improved transmission networks, are expected to be significant factors driving higher product demand. Ongoing initiatives aimed at grid infrastructure modernization, involving the deployment of advanced conductors and control technologies, will also contribute to the favorable business outlook in this sector.
 

Asia Pacific Conventional Overhead Conductor Market Analysis

Based on voltage, the > 220 kV to 660 kV voltage rating overhead conductor industry is projected to grow at a rate of over 5% through 2032. A substantial shift in the approach towards reviving and restructuring traditional electricity infrastructure across commercial, industrial, and utility sectors, with the aim of enabling long-distance electrical transmission, is poised to revitalize the business landscape. In addition, the integration of electricity generated from renewable sources into the national distribution grid, combined with an impetus to expedite the modernization of existing transmission systems featuring high voltage capabilities, is anticipated to exert a significant impact on the business environment.
 

The market's growth has been notably influenced by the increasing reliance of major industries, including power generation and manufacturing. These sectors have made substantial contributions to the market's expansion. There is an expectation of additional positive developments in the Asia Pacific conventional overhead conductor market landscape, particularly from the heavy metal and mining sectors, which are aligning themselves with the rapid growth of wind energy sources.
 

Based on application, the ultra-high tension conventional overhead conductor industry is predicted to observe about 6.2% CAGR up to 2032. The increasing focus on integrating comprehensive frequency distribution networks, coupled with rising concerns regarding energy efficiency, is estimated to invigorate the demand for high-tension overhead lines. The installation of these products in landlocked regions, combined with the ready availability of cost-effective conductors, will contribute to the Asia Pacific conventional overhead conductor market development.
 

• Investments directed toward the establishment of wind farms and solar power plants, coupled with a growing demand for sustainable energy solutions, are poised to drive the extra high-tension conductor industry.
   
• The swift deployment of these products, driven by the increasing electricity demand in developing nations and optimistic policy interventions promoting their use in cross-border transmission connections, will foster the widespread acceptance of this technology.
   
• The industry is anticipated to benefit from the swift pace of urbanization and the uptick in construction activities in developed economies. Additionally, the growing demand for secure and dependable long-distance electricity supply will further enhance the industry's prospects.
   

The China conventional overhead conductor market is projected to reach USD 68.6 million in 2022. The outlook for the industry in the country is poised to benefit from growing concerns regarding the need for uninterrupted power supply, a rising demand for electricity, and efforts to enhance grid connectivity in remote areas of developing economies. Furthermore, the industry is expected to be positively influenced by shifting power consumption patterns and increasing investments directed towards expanding the existing power capacity.
 

• A significant shift in focus towards rebuilding and upgrading existing transmission lines, combined with a growing emphasis on the adoption of smart grid technologies to achieve energy-efficient solutions, is set to drive increased product deployment.
   
• Stringent government mandates and the growing number of transmission projects will further enhance the industry's prospects in the country.
   

Asia Pacific Conventional Overhead Conductor Market Share

Nexans, CTC Global Corporation, & Prysmian Group holds a majority of the share in the overall conventional overhead market. These manufacturers in the market are directing their efforts towards transmission projects and making strategic investments to gain a competitive advantage. The introduction of advanced technologies and technological components by these leading players has contributed to the favorable business dynamics.
 

Prominent companies operative in the Asia Pacific conventional overhead conductor industry includes:

• Sumitomo Electric Industries, Ltd.
• ZTT
• Nexans
• CTC Global Corporation
• 3M
• Gupta Power
• ZMS Cable
• Hindustan Urban Infrastructure Limited
• Prysmian Group
• CABCON INDIA LIMITED
• Sterlite Power
• Tropical Cable & Conductor Ltd. (TCCL)
• KEI Industries Limited
• LS Cable & System Ltd.
• Special Cables Pvt, Ltd
• Elsewedy Electric
• Galaxy Transmissions Pvt. Ltd.
• Bekaert
• CMI Limited
• Eland Cables
   

Asia Pacific Conventional Overhead Conductor Market News:

• In April 2021, Lamifil announced to deliver TASCR Curlew conductor for Northland and Auckland Grid. The product is anticipated to be installed across the Otahuhu–Whakamaru 220kV transmission lines which will replace existing conductors. The project required minimal tower strengthening and installation and will cover installation of a total length of 43 kms. This project will enable the company to further increase its market presence across the overhead conductor industry.
   
• In June 2021, Elsewedy completed the acquisitions of Validus Engineering and 95% of PT CG Power Indonesia. Validus Engineering is a power transformer manufacturer based out of Pakistan whereas PT CG Power Indonesia is a power transformer provider across Indonesia. The acquisitions strengthen Elsewedy’s presence across the Asia Pacific market, thereby augmenting its global market share.
   

Asia Pacific conventional overhead conductor market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘km’ & ‘USD Million’ from 2019 to 2032, for the following segments:

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By Product

• ACSR
• AAAC
• ACAR
• AACSR
• AAC

By Voltage

• 132 kV to 220 kV
• > 220 kV to 660 kV
• > 660 kV

By Application

• High Tension
• Extra High Tension
• Ultra High Tension

The above information has been provided for the following countries:

• China
• Australia
• India
• Japan
• South Korea
• Indonesia
• New Zealand
• Malaysia