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Asia Pacific Distribution Lines Market Analysis

  • Report ID: GMI6566
  • Published Date: Aug 2023
  • Report Format: PDF

Asia Pacific Distribution Lines Voltage Market Analysis

The < 11 kV distribution lines industry is likely to grow at a 5.9% growth rate through 2032. An insistent and strong focus to rural electrification and the extension of electricity access to remote and underserved regions is poised to drive the growth of distribution lines with voltage ratings below 11 kV in the foreseeable future. Furthermore, as the population in the region continues to expand, there is an escalating demand for medium-voltage distribution lines to meet the surging energy requirements, thereby contributing to the Asia Pacific distribution lines market growth.
 

A growing emphasis on strengthening grid resilience and fostering interconnection initiatives will drive the expansion of distribution lines with voltage ratings ranging from > 33 kV to 66 kV and > 66 kV in the Asia Pacific region. Countries in the region are actively engaged in expanding high-voltage distribution lines to facilitate cross-border electricity trade and enhance regional energy cooperation. Ongoing initiatives to channelize energy security & diversification across various economy through interconnector projects that enhance energy security by providing access to diverse energy sources from neighboring regions is anticipated to have a positive impact on the Asia Pacific distribution lines market dynamics.
 

Asia Pacific Distribution Lines Market Revenue Share, By Product

The open wire distribution lines industry is predicted to observe gains at nearly 5.9% up to 2032. A continuous effort to upgrade and modernize existing open wire systems, primarily in rural and remote areas will foster the market dynamics. Moreover, open wire distribution lines are also combined with off-grid and mini-grid systems, particularly in areas where full-scale grid expansion is not feasible. These hybrid systems incorporate renewable energy sources like solar and wind power, contributing to sustainable energy access in remote communities.
 

SAARC Distribution Lines Market,

SAARC distribution lines market is projected to register over 5.4% CAGR through 2032. Governments and utilities in SAARC nations are investing in the development of distribution infrastructure, particularly low-voltage lines, to bring electricity to remote communities. This drive for rural electrification not only fosters economic development but also improves living standards. The integration of renewable energy sources is gaining momentum in the SAARC rgion with various governments have set ambitious renewable energy targets, prompting the development of distribution lines that connect renewable energy-rich regions to urban centers. These efforts support both sustainability goals and the expansion of clean energy access, in turn adding to the Asia Pacific distribution lines market growth.
 

Countries in SAARC region including India, Bangladesh, Nepal, among others are increasingly incorporating solar, wind, and other clean energy sources into their energy mix. Distribution lines assume a crucial role in transporting renewable energy from its generation sites to end consumers, thereby advancing sustainability objectives, and decreasing dependence on fossil fuels.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size for distribution lines in Asia Pacific was reached USD 72.6 billion in 2023 and will register over 6.3% CAGR from 2024 to 2032, due to increasing demand for expansion and modernization in the region.

The < 11 kV distribution lines market will exhibit around 5.9% CAGR through 2032, on account of the extension of electricity access to remote and underserved regions.

Asia-Pacific distribution lines industry in the SAARC region is expected to garner 5.4% CAGR from 2023 to 2032, owing to the growing investments in the development of distribution infrastructure in these countries.

Nexans, Siemens Energy, ABB, General Cable, Prysmian Group, LS Cable & System, KEC International, Kalpataru Power Distribution Limited, and Gupta Power, are some of the major Asia Pacific distribution line companies.

Asia Pacific Distribution Lines Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 156
  • Countries covered: 4
  • Pages: 170
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