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Asia Pacific Conventional Overhead Conductor Market Trends

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

Asia Pacific Conventional Overhead Conductor Market Trends

The rapid expansion of smart grid infrastructure and the ongoing retrofitting of aging transmission networks are set to stimulate greater adoption of conventional overhead conductors. These conductors are increasingly favored due to their advantageous attributes, including enhanced tensile strength, superior sag resistance, and cost-effective design. These qualities are play a significant role in promoting the extensive use of these products, particularly in the construction of long-span transmission lines.
 

The consistent growth in long-distance transmission lines and the increasing use of superconducting cables, driven by the growing demand for improved transmission networks, are expected to be significant factors driving higher product demand. Ongoing initiatives aimed at grid infrastructure modernization, involving the deployment of advanced conductors and control technologies, will also contribute to the favorable business outlook in this sector.

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