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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.
Who are the major players in the Asia Pacific conventional overhead conductor market?
Key players in the industry include 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, and ZTT.
How big is the Asia Pacific conventional overhead conductor market?
The Asia Pacific market for conventional overhead conductor was valued at USD 252.2 million in 2024 and is projected to grow at a 7.4% CAGR from 2025 to 2034, driven by the refurbishment and replacement of aging grid infrastructure.
Why is the demand for high-voltage conventional overhead conductors increasing?
The high-voltage conventional overhead conductor segment, ranging from > 220 kV to 660 kV, is expected to exceed USD 200 million by 2034, fueled by the need for long-distance electrical transmission and renewable energy integration.
What is the growth rate of the ultra high tension overhead conductor market?
The ultra high tension overhead conductor market is anticipated to grow at a CAGR of over 8% through 2034, supported by rising electricity demand in developing nations and favorable policies for cross-border transmission projects.
What trends are influencing the China conventional overhead conductor market?
The China conventional overhead conductor market is set to surpass USD 158 million by 2034, led by increasing electricity demand, investments in grid connectivity, and efforts to ensure uninterrupted power supply in remote areas.