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Overhead Conductor Market Size
Overhead Conductor Market was valued at USD 563.7 million in 2023 and will grow at CAGR of over 7.5% from 2024 to 2032. The shift towards renewable energy sources, such as wind and solar power is increasing the need for advanced transmission solutions. Integrating renewable energy into national grids requires high-capacity overhead conductors is propelling market demand.
Significant investments in infrastructure, particularly in developing regions are driving the demand for overhead conductors. For instance, in June 2024, the State Grid Corporation of China (SGCC) decided to invest USD 3.9 billion power transmission and storage project aimed at enhancing the nation's energy infrastructure. Modernizing power transmission and distribution systems, along with the expansion of smart grid networks, are crucial factors contributing to this growth.
| Report Attributes | Details |
|---|---|
| Base Year: | 2023 |
| Market Size in 2023: | USD 563.7 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.5% |
| 2032 Value Projection: | USD 1.12 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 12 |
| Segments covered: | Product, Voltage, Rated Strength, Current, Application, & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Overhead Conductor Market Trends
The market is expected to see continued growth due to increasing investments in power infrastructure, the integration of renewable energy sources, and the modernization of existing grids. The development of new technologies such as high-temperature conductors and green overhead conductors will enhance market prospects?. In addition, rapid urbanization, and the growing need for electrification especially in emerging economies, are significant growth drivers. Countries in the Asia-Pacific region, such as China and India, are heavily investing in upgrading their grid infrastructure and expanding transmission lines to rural areas?.
Overhead Conductor Market Analysis
Based on product, the conventional overhead conductor industry is anticipated to surpass USD 646 million by 2032. High current carrying capacity along with product’s favourable sag behaviour & mechanical properties are favouring the adoption of the product. The conventional overhead conductor industry is poised for steady growth due to ongoing investments in power infrastructure, the need for grid modernization, and the increasing adoption of renewable energy sources.
Based on voltage, the > 220 kV to 660 kV voltage range industry will grow at a CAGR of over 6.2% through 2032. Large-scale demand for electricity from industrial establishments coupled with the ongoing expansion of extra high-tension transmission networks across mining and oil & gas processes will positively influence the business growth. In addition, rapid increase in retrofitting & refurbishment of old and aging transmission network across developing region including North America & Europe will further proliferate the industry dynamics.
Asia Pacific overhead conductor market is anticipated to exceed over USD 625 million by 2032. Emerging economies will result in regional growth owing to increasing investments in upgrading & expansion of electric infrastructure and power capacities. Changing power consumption patterns in corporations and households will further boost industry growth across populated economies including China, India, Bangladesh, Indonesia, among others.
U.S. has witnessed an inclination in the product demand due to the increased spending toward the development of long-distance transmission networks. Electric power T&D infrastructure in the country is inclined toward requirement of expansion and upgradation of transmission links across the region. Growing peak load demand along with aging power equipment will focus leading manufacturers to install technological advanced product for better power stability and efficiency.
Overhead Conductor Market Share
Bekart, CTC Global Corporation, Elsewedy Electric, Lamifil, Nexans, Prysmian Group, Sterlite Power, ZTT are among the dominant players in the overhead conductor industry. These companies are focusing on innovation, strategic partnerships, and investments in new transmission projects to maintain their competitive edge in the market.
Overhead Conductor Market Companies
Major 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 inaugurated the Alexandria-Babil Broadcasting 132 kV power transmission line, which spans 18 km and passes through 63 towers. This project featured the replacement of the ACSR Lark Conductor with CTC Global’s ACCC Conductor. The upgrade will significantly enhance the line’s capacity, increasing the transmitted energy from 840 amps to 2,191 amps. This improvement effectively doubles the energy transmission capacity while reducing line losses by 35%.
- In February 2024, the U.S. Department of Energy announced a USD 1.2 billion investment to accelerate the construction of large-scale transmission lines. These projects are aimed at supporting the national objective of achieving 100% clean electricity by 2035, which in turn will increase the deployment of the product in large distance transmission projects.
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
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