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Asia Pacific Gap Conductor Market Trends

Report ID: GMI6664
Published Date: Sep 2023
Report Format: PDF

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Asia Pacific Gap Conductor Market Trends

Asia Pacific growing investment in upgrading and expanding its electrical grid infrastructure is one of the prime driving forces for the industry. This investment is driven by the need to meet increasing electricity demand, support renewable energy integration, and enhance grid resilience. As countries in the Asia Pacific region strive to modernize their grids, there is a rising demand for high-voltage and ultra-high-voltage gap conductors capable of efficiently transmitting electricity over long distances with minimal energy losses.

Increasing emphasis on environmentally friendly and sustainable energy solutions, which includes the development of eco-friendly gap conductors that reduce the environmental impact of power transmission. Furthermore, advancements in materials and technologies used in gap conductors, such as innovative surface treatments and composite materials, are contributing to enhanced efficiency and durability.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

APAC gap conductor industry size reached over USD 417.1 thousand in 2022 and will witness over 13.4% CAGR from 2023-2032 due to the rising need for upgrading and replacing aging grid infrastructure in the region.

The > 220 kV to 660 kV voltage rating segment may record over 13.2% CAGR from 2023-2032 owing to the significant shift in traditional electricity infrastructure and innovations for enabling extended electrical transmission.

India gap conductor market size will record over 16.1% CAGR from 2023-2032 due to the growing emphasis on ensuring uninterrupted power supply, rising electricity demand, and enhanced grid connectivity in the nation.

Some of the influential gap conductor firms in APAC include Sumitomo Electric Industries, Ltd., ZTT, APAR, Nexans, Neccon, CTC Global Corporation, 3M, Gupta Power, ZMS Cable, Hindustan Urban Infrastructure Limited, alfanar Group, and Prysmian Group, among others.