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Asia Pacific Conventional Overhead Conductor Market Size

  • Report ID: GMI6953
  • Published Date: Oct 2023
  • Report Format: PDF

Asia Pacific Conventional Overhead Conductor Market Size

Asia Pacific Conventional Overhead Conductor Market was valued at USD 209.6 million in 2022 and is poised to register around 5.1% CAGR from 2023 to 2032, due to the ongoing refurbishment and replacement of aging grid infrastructure with new transmission lines. For instance, in January 2023, China's State Grid Corporation announced to invest USD 77 billion into improving transmission infrastructure for the year 2023. Furthermore, the growing priority placed on deploying robust, high-strength transmission lines is a response to concerns regarding the transformation of aging energy infrastructure into a more secure, sustainable, and reliable energy resource.

 

Asia Pacific Conventional Overhead Conductor Market

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Ongoing efforts aimed at modernizing the power grid, which encompass grid energy storage, research and development in smart grid technologies, and the incorporation of advanced solutions, are collectively shaping a competitive industrial environment. In addition, there is a significant transition towards the incorporation of information technology across the electricity sector, which is set to facilitate the adoption of smart grid infrastructure, ultimately bolstering the overall prospects of the industry.

 

Heightened apprehensions regarding energy security and grid stability, coupled with the increasing investments directed at building resilient electrical networks to meet the rising demand for electricity, are poised to enhance the industry's outlook. The substantial surge in energy consumption, fueled by a thriving industrial sector, particularly in emerging economies, will drive the further expansion of high-voltage grid networks.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of conventional overhead conductor in APAC was exceeded USD 209.6 million in 2022 and is set to witness over 5.1% CAGR from 2023 to 2032, due to the ongoing refurbishment and replacement of aging grid infrastructure with new transmission lines.

Demand for > 220 kV to 660 kV conventional overhead conductors in the Asia Pacific is projected to witness over 5% CAGR through 2032, driven by the rising need for reviving and restructuring traditional electricity infrastructure across commercial, industrial, and utility sectors.

China conventional overhead conductor market size was worth USD 68.6 million in 2022, owing to the growing concerns regarding the need for uninterrupted power supply in the region.

Some of the main conventional overhead conductor providers in APAC include Sumitomo Electric Industries, Ltd., ZTT, Nexans, CTC Global Corporation, 3M, Gupta Power, ZMS Cable, Hindustan Urban Infrastructure Limited, and Prysmian Group

Asia Pacific Conventional Overhead Conductor Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 298
  • Countries covered: 8
  • Pages: 260
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