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Conventional Overhead Conductor Market Trends

  • Report ID: GMI6613
  • Published Date: Sep 2023
  • Report Format: PDF

Conventional Overhead Conductor Market Trends

The rapid growth in the expansion of smart grid infrastructure, coupled with the increasing retrofitting of aging transmission networks, is poised to drive higher adoption of conventional overhead conductors. Their appeal is bolstered by characteristics such as superior tensile strength, improved sag resistance, and cost-effective design, which will, in turn, contribute to the widespread deployment of these products for long-span transmission lines.
 

The continual expansion of long-distance transmission lines and the adoption of superconducting cables in response to the growing need for enhanced transmission networks will be key drivers for increased conventional overhead conductor market demand. The ongoing efforts to modernize grid infrastructure through the implementation of advanced conductors and control technologies will further enhance the business prospects in this sector. The product showcases noteworthy corrosion resistance, particularly in coastal and heavily industrialized regions, leading to enhanced electrical conductivity. Additionally, it effectively minimizes wind-induced movements and vibrations, thereby contributing positively to the overall business outlook.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of conventional overhead conductor exceeded USD 399.4 million in 2022 and is set to witness over 4.5% CAGR from 2023 to 2032, due to the rising refurbishment and replacement of aging grid infrastructure with new transmission lines.

Ultra-high tension conventional overhead conductor segment is expected to observe over 5.4% CAGR during 2023to 2032, propelled by the increasing focus on integrating comprehensive frequency distribution networks.

Asia Pacific market size is poised to record over 5.3% CAGR through 2032, owing to the surging concerns for uninterrupted power supply, rising electricity demand, and grid connectivity in remote areas.

Sumitomo Electric Industries, Ltd., ZTT, Lamifil, APAR, Nexans, Neccon, CTC Global Corporation, LUMPI-BERNDORF Draht- und Seilwerk GmbH, 3M, Gupta Power, ZMS Cable, Midal Cable, and Hindustan Urban Infrastructure Limited are some major conventional overhead conductor firms.

Conventional Overhead Conductor Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 34
  • Tables & Figures: 780
  • Countries covered: 24
  • Pages: 580
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