Asia Pacific Conventional Overhead Conductor Market Size

The Asia Pacific conventional overhead conductor market was valued at USD 252.2 million in 2024 and is estimated to grow at a CAGR of 7.4% from 2025 to 2034, driven by the ongoing refurbishment and replacement of aging grid infrastructure with new transmission lines. The increasing focus on deploying durable, high-strength transmission lines reflects the need to upgrade aging energy infrastructure, transforming it into a more secure, sustainable, and reliable energy resource. This concerted effort to modernize and reinforce the energy grid is set to offer significant benefits to the industry in the near future.

Ongoing initiatives to modernize the power grid, including advancements in grid energy storage, smart grid technology research and development, and the integration of cutting-edge solutions, are collectively fostering a highly competitive industrial landscape. Moreover, the growing shift toward incorporating information technology throughout the electricity sector is expected to drive the adoption of smart grid infrastructure, significantly enhancing the industry's long-term prospects.

Asia Pacific Conventional Overhead Conductor Market Trends

The rapid growth of smart grid infrastructure and the continued upgrading of aging transmission networks are expected to drive greater adoption of conventional overhead conductors. These conductors are increasingly preferred for their key advantages, including enhanced tensile strength, excellent sag resistance, and cost-effective design. These attributes are anticipated to significantly boost the widespread use of these products, especially in the development of long-span transmission lines.

The steady expansion of long-distance transmission lines and the rising adoption of superconducting cables fueled by the growing demand for improved transmission networks, are expected to be major drivers of increased product demand. Additionally, ongoing efforts to modernize grid infrastructure, which involve the deployment of advanced conductors and control technologies, will further contribute to a positive business outlook for the sector.

Asia Pacific Conventional Overhead Conductor Market Analysis

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Based on voltage, the conventional overhead conductor range between > 220 kV to 660 kV will exceed USD 200 million by 2034. A major shift in strategies to revitalize and restructure traditional electricity infrastructure across the commercial, industrial, and utility sectors, aimed at facilitating long-distance electrical transmission is set to transform the business landscape. Additionally, the integration of renewable energy sources into national distribution grids along with a strong push to accelerate the modernization of existing high-voltage transmission systems is expected to have a profound impact on the industry.

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The ultra high tension overhead conductor market will grow at a CAGR of over 8% through 2034. The rapid adoption of these products, fueled by rising electricity demand in developing nations and supportive policy initiatives encouraging their use in cross-border transmission projects, is expected to drive widespread acceptance of this technology. Furthermore, the increasing need for secure and reliable long-distance electricity transmission will further strengthen the industry's growth prospects.

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China conventional overhead conductor market is set to reach over USD 158 million by 2034. The industry's outlook in the country is set to benefit from heightened concerns about ensuring uninterrupted power supply, increasing electricity demand, and initiatives to improve grid connectivity in remote areas of developing economies. Additionally, shifting power consumption patterns and growing investments aimed at expanding existing power capacity are expected to have a positive impact on the sector's growth.

India is experiencing a strong push toward the modernization and enhancement of existing transmission lines, along with a growing emphasis on integrating smart grid technologies to achieve energy efficiency. This trend is anticipated to accelerate the adoption of these products across the country. Moreover, the increasing demand for sustainable power solutions, driven by concerns about carbon emissions and the pursuit of energy-efficient alternatives, is expected to support the industry's growth nationwide over the forecast period.

Asia Pacific Conventional Overhead Conductor Market Share

Nexans, CTC Global, Sterlite Power, and Prysmian dominate the conventional overhead market, holding a significant share. These key players are focusing on transmission projects and strategically investing to strengthen their competitive edge. Their efforts in introducing advanced technologies and innovative components have played a pivotal role in shaping favorable business dynamics within the industry.

Asia Pacific Conventional Overhead Conductor Market Companies

Major players operating in the Asia Pacific conventional overhead conductor industry are:

• 3M
• Bekaert
• Cabcon India
• CMI
• CTC Global
• Eland Cables
• Elsewedy Electric
• Galaxy Transmissions
• Gupta Power
• Hindustan Urban Infrastructure
• KEI Industries
• LS Cable & System
• Nexans
• Prysmian Group
• Special Cables
• Sterlite Power
• Sumitomo Electric
• Tropical Cable & Conductor
• ZMS Cable
• ZTT
  

Asia Pacific Conventional Overhead Conductor Industry News

• In August 2024, Japan's TEPCO announced a USD 3.2 billion investment in its power grid to meet the rising electricity demand driven by AI advancements. This initiative will support the construction of additional substations and data centers as chip plants fuel energy consumption nationwide. This development is expected to boost the demand for conventional overhead conductors, thereby driving market growth.
  
• In February 2024, the New Zealand Commerce Commission approved Transpower's proposed USD 392.9 million investment in the national grid, recognizing the long-term need to enhance the electricity transmission system over the next decade. This initiative is expected to drive the expansion of transmission networks across the country, contributing to market growth.
  

This Asia Pacific conventional overhead conductor market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (km) and revenue (USD Million) from 2021 to 2034, for the following segments:

Market, By Product

• ACSR
• AAAC
• ACAR
• AACSR
• AAC

Market, By Voltage

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

Market, 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