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Overhead Conductor Market Size
- Report ID: GMI2293
- Published Date: Jul 2024
- Report Format: PDF
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 Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Overhead Conductor 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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Frequently Asked Questions (FAQ) :
Overhead Conductor Market Scope
