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Asia Pacific Overhead Conductor Market Size

Report ID: GMI6641
Published Date: Sep 2023
Report Format: PDF

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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.

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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.

Asia Pacific Overhead Conductor Market Report Attributes
Report Attribute	Details
Base Year:	2022
Asia Pacific Overhead Conductor Market Size in 2022:	USD 335.2 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	7.6%
2032 Value Projection:	USD 702.5 Million
Historical Data for:	2019 to 2022
No. of Pages:	410
Tables, Charts & Figures:	532
Segments covered:	Product, Voltage, Rated Strength, Current, Application, and Region
Growth Drivers:	Expansion of smart grid networks Rising peak load demand Refurbishment & retrofit of existing grid infrastructure Increasing electricity demand
Pitfalls & Challenges:	Slow paced technological evolution

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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.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of overhead conductor in Asia Pacific was surpassed USD 335.2 million in 2022 and may witness over 7.6% CAGR from 2023 to 2032, driven by the pressing need for the renewal and substitution of aging grid infrastructure with state-of-the-art transmission lines.

Asia Pacific overhead conductor market size from the > 220 kV to 660 kV voltage rating segment is projected to observe 7.4% CAGR through 2032, due to the growing focus on revamping and reconfiguring traditional electricity infrastructure.

India overhead conductor industry size is expected to register 9.7% growth rate from 2023 to 2032, owing to the growing emphasis on uninterrupted power supply in the region.

3M, ZMS Cable, Hindustan Urban Infrastructure Limited, alfanar Group, Prysmian Group, CABCON INDIA LIMITED, Sterlite Power, Tropical Cable & Conductor Ltd. (TCCL), KEI Industries Limited, and LS Cable & System Ltd.