Asia Pacific Overhead Conductor Market Size - By Product (Conventional, High Temperature), By Rated Strength (High Strength, Extra High Strength, Ultra-High Strength), Current (HVAC, HVDC), Application, Voltage & Forecast, 2023 - 2032

Asia Pacific Overhead Conductor Market Size

Asia Pacific Overhead Conductor Market size was valued at USD 335.2 million in 2022 and is set to grow at a 7.6% CAGR during 2023 and 2032. There's a notable uptick in the deployment of high-tension lines spanning longer distances, a trend that is propelling the industry forward.
 

Ongoing efforts centered on the modernization of the power grid, including advancements in grid energy storage systems , research and development in smart grid technologies, and the assimilation of cutting-edge solutions, are molding a competitive industrial environment. Moreover, there is a significant transition towards the integration of information technology across the electricity sector, a move expected to facilitate the adoption of smart grid infrastructure and ultimately bolster the overall industry's prospects.
 

Heightened apprehensions regarding energy security and the stability of electrical grids, combined with increasing investments dedicated to creating sustainable electricity networks to meet rising power requirements, are poised to fortify the industry's outlook. The region is anticipated to witness high growth in the field of overhead conductors, owing to the favourable attributes of the products. Moreover, the ability of these products to deliver electricity consistently, enhance service speed, and decrease the occurrence of power interruptions is estimated to fuel their extensive adoption.
 

COVID- 19 Impact

The COVID-19 pandemic had a notable impact on the Asia Pacific overhead conductor market, introducing challenges and opportunities for the industry. Initially, the pandemic disrupted global supply chains, causing delays in the procurement of materials and components necessary to produce overhead conductors. These supply chain interruptions led to project delays and hindered the expansion of power transmission networks in the region. However, amidst the challenges, the pandemic underscored the critical importance of reliable and robust electrical infrastructure. Governments and utilities recognized the need to accelerate investments in the power sector to support remote work, healthcare facilities, and digital connectivity during lockdowns.
 

Asia Pacific Overhead Conductor Market Trends

The swift expansion of smart grid infrastructure, combined with the growing trend of upgrading aging transmission networks, is set to stimulate increased adoption of overhead conductors in the Asia Pacific region. These conductors are gaining popularity due to their advantageous qualities, including exceptional tensile strength, enhanced sag resistance, and cost-effective design. These attributes are expected to play a pivotal role in driving the extensive utilization of these products, particularly for the construction of long-span transmission lines. The persistent expansion of extensive transmission lines and the uptake of superconducting cables to meet the rising demand for advanced transmission networks are pivotal factors that will boost the demand for these products.
 

Asia Pacific Overhead Conductor Market Analysis

The > 220 kV to 660 kV voltage rating overhead conductor industry is slated to observe around 7.4% growth rate from 2023 to 2032. A substantial shift in the approach toward revamping and reconfiguring traditional electricity infrastructure, spanning across commercial, industrial, and utility sectors, to facilitate extended electrical transmission is poised to stimulate the business landscape. In addition, the incorporation of electricity generated from renewable sources into the national distribution grid, coupled with the push to expedite the modernization of existing transmission systems equipped with high voltage capabilities, is anticipated to exert a significant impact on the Asia Pacific overhead conductor market landscape. The global market for conventional overhead conductor is likely to reach USD 652 million by 2032.
 

The market's growth has been substantially driven by the increasing reliance on major industries, including power generation and manufacturing. The heavy metal and mining sectors, aligning with the rapid expansion of wind energy sources, are anticipated to provide further impetus to a favorable business landscape.
 

The ultra-high tension Asia Pacific overhead conductor market is poised to attain 8.5% growth up to 2032. The growing emphasis on integrating extensive frequency distribution networks, along with heightened attention to energy efficiency, is poised to stimulate the demand for high-tension overhead lines. Investments aimed at establishing wind farms and solar power plants, alongside a rising global demand for sustainable energy solutions, are set to be significant drivers for the extra high-tension conductor industry.
 

India overhead conductor industry is forecast to showcase 9.7% CAGR till 2032, due to the growing emphasis on uninterrupted power supply, escalating electricity demand, and improved grid connectivity in remote areas of the nation. Moreover, the industry is likely to benefit from rising intra-regional agreements and contracts aimed at addressing power imbalances between surplus and deficit countries, catering to the increasing demand for electricity in land-locked regions. The construction, modernization, and refurbishment of existing electricity transmission networks, coupled with the expansion of smart grid infrastructure, will further contribute to the industry landscape.
 

A substantial shift in focus towards the reconstruction and enhancement of current transmission lines, along with a heightened emphasis on the adoption of smart grid technologies for achieving energy-efficient solutions, is poised to propel increased product deployment in developed regions, including China, Japan, Australia, among others. Moreover, the presence of stringent government regulations and the escalating number of transmission projects will further augment the industry's prospects in these regions.
 

Asia Pacific Overhead Conductor Market Share

Prominent manufacturers operating in the Asia Pacific overhead conductor market are:

• Sumitomo Electric Industries, Ltd.
• ZTT
• APAR
• Nexans
• Neccon
• CTC Global Corporation
• 3M
• Gupta Power
• ZMS Cable
• Hindustan Urban Infrastructure Limited
• alfanar Group
• Prysmian Group
• CABCON INDIA LIMITED
• Sterlite Power
• Tropical Cable & Conductor Ltd. (TCCL)
• KEI Industries Limited
• LS Cable & System Ltd.
• SWCC SHOWA HOLDING Co., Ltd.
• Special Cables Pvt Ltd
• Elsewedy Electric.

These leading players have introduced advanced technologies and components, which have significantly contributed to shaping the positive business landscape in the region.
 

Asia Pacific Overhead Conductor Market News

• In May 2023, Elsewedy Electric Indonesia, a division of Elsewedy Electric was awarded a contract of USD 3.6 million by the Japan International Cooperation Agency (JICA) and the Government of Uganda to uplift the power transmission network in the capital city of Uganda, Kampala. The network is to be developed through mobile substation of Elsewedy Electric, thereby offering t&d solution for the country.
   
• In July 2023, CTC Global Inc. inaugurated its fifth ACCC Conductor core manufacturing facility in Pune, India. The inauguration of the new manufacturing facility showcases CTC Global's commitment to supporting the energy infrastructure development in India and the broader Southeast Asia region. By localizing the production of ACCC Conductor cores, the company enhances the availability and accessibility of its innovative technology, contributing to the seamless and sustainable transmission of electrical power in the region.
   

This Asia Pacific Overhead Conductor market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘km’ & ‘USD Million’ from 2019 to 2032, for the following segments:

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By Product

• Conventional
  • ACSR
  • AAAC
  • ACAR
  • AACSR
  • AAC
• High Temperature
  • Tal
  • ZTAl
  • Others
• Others
  • ACFR
  • ACCR
  • ACCC
  • CRAC
  • Gap Conductors
  • Others

By Voltage

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

By Rated Strength

• High Strength
• Extra High Strength
• Ultra High Strength

By Current

• HVAC
• HVDC

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