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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.
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.
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.
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.
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.
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.