Overhead Conductor Market Analysis

Overhead Conductor Market Analysis

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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.