Overhead Conductor Market Size, By Product (Conventional, High Temperature), By Voltage (132 kV to 220 kV, > 220 kV to 660 kV, >660 kV), By Rated Strength, By Current, By Application, Growth Forecast 2024 – 2032

Overhead Conductor Market Size

The global overhead conductor market size was valued at USD 563.7 million in 2023 and will grow at rate of 7.5% from 2024 to 2032. Incorporating renewable energy sources into national grids such as wind and solar power is driving the need for state-of-the-art transmission solutions. Also, the need for high-capacity overhead conductors that integrate with the grid infrastructure boosts the market.
 

Furthermore, considerable improvements in infrastructure have been experienced especially in developing regions. For instance, the State Grid Corporation of China (SGCC) in June 2024 approved an investment of USD 3.9 billion for a power transmission and storage project meant to improve the energy infrastructure within the country. Also, the modernization of power transmission to the smart grids systems, the construction of power distribution and transmission facilities contributes to this growth.
 

Overhead Conductor Market Trends

The future forecasts indicate that there will be further growth owing to the investment into power infrastructure, the incorporation of renewable energy sources and the upgrading of electricity systems. The launch of new technologies such as green overhead wire and high temperature overhead wire will also help in anticipating market. Rapid industrialization, increased electricity demand, and increased spending in countries electrification are also contributing factors. Several nations in the Asia Pacific region including China, and India are updating grid efficiency and electrifying rural areas.
 

Overhead Conductor Market Analysis

The conventional overhead conductor is projected to exceed over USD 646 million by 2032. Its adoption is stimulated by the product’s satisfactory mechanical properties and sag behaviour. Moreover, the conventional overhead conductor is expected to witness moderate growth on account of the continuous funding of power infrastructure, grid modernization initiatives and the use of renewable energy technologies being on the rise.
 

The > 220 KVM to 660 KVM voltage overhead conductor market is expected to grow at a rate of over 6.2% through 2032. The growth of the business will be aided by a surge in electricity needs from industrial operations and the increasing erection of extra high-tension electricity transmission grids for the mining, oil, and gas industries. Further, rapidly growing retrofitting and refurbishment of obsolete and ageing electricity transmission networks in North America and Europe are likely to further boost this industry growth.
 

The Asia Pacific overhead conductor market is set to reach USD 625 million by 2032. The power consumption trends of corporations and households across the region further up the growth pace. Countries such as India, China and Indonesia will show growth in their economies boosting the growth pace even greater.
 

In the US, there seems to be a surge in the demand for new transmission networks which is boosting the economy. The power distribution and transmission remain slightly unbalanced but the requirements of U.S. have increased for more expansion and upgrades. The transmission links that need to be added across the region will be done keeping in mind the growing load demand.
 

Overhead Conductor Market Share  

CTC Global Corporation, Nexans, Prysmian Group, Sterlite Power, ZTT, Bekart, Lamifil among others are the major participants in the overhead conductor industry who understand that with growing competition in the market, innovation, forming strategic partnerships and investing in new transmission projects will be the solution.
 

Overhead Conductor Market Companies

Some of the key players operating across the overhead conductor industry are:

• Alcon Marepha
• APAR
• Bekaert
• CABCON INDIA LIMITED
• CMI Limited
• CTC Global Corporation
• Eland Cables
• Elsewedy Electric
• Gulf Cable & Electrical Industries Co
• Gupta Power
• Hindustan Urban Infrastructure Limited
• KEI Industries Limited
• Kelani Cables PLC
• Lamifil
• LS Cable and System Ltd
• LUMPI-BERNDORF Draht- und Seilwerk GmbH
• Midal Cable
• Neccon
• Nexans
• Prysmian Group
• Riyadh Cable Group Company
• Southwire Company LLC
• Sterlite Power
• Sumitomo Electric Industries, Ltd.
• ZMS Cable
• ZTT
   

Overhead Conductor Industry News

• In March 2024 the Iraq Ministry of Electricity launched the Alexandria-Babil Broadcasting 132 kV which has a total length of 18 kilometers and is supported by 63 towers. In this project, the CTC Global’s ACCC Conductor was installed while the ACSR Lark Conductor was removed. This upgrade will largely allow for the increased capacity of the line from the current level of energy transmission of 840 amps to 2,191 amps during peak use. This change will effectively double the energy transmission capacity and at the same time reduce the line losses by 35%.
   
• In February 2024, a further announcement was made on the investment by the U.S. Department of Energy of USD 1.2 billion for the purpose of expediting the building of transmission lines of considerable size. Such undertakings are geared towards ensuring that by 2035, the country can achieve the aim of using only clean electricity which will result in the wider use of the product in the long-distance transmission system.
   

This overhead conductor market research report includes an in–depth coverage of the industry with estimates & forecast in terms of volume in ‘km and revenue in ‘USD Million’ from 2021 to 2032, for the following segments:

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Market, By Product

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

Market, By Voltage

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

Market, By Rated Strength

• High Strength
• Extra High Strength
• Ultra High Strength

Market, By Current

• HVAC
• HVDC

Market, By Application

• High Tension
• Extra High Tension
• Ultra High Tension

The above information has been provided for the following region & countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Italy
  • Germany
  • Sweden
  • Spain
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
  • Indonesia
  • New Zealand
  • Malaysia
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Egypt
  • Turkey
  • Kuwait
  • Nigeria
  • Oman
• Latin America
  • Brazil
  • Chile
  • Peru
  • Argentina