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High Temperature Overhead Conductor Market Size By Product (Tal, ZTAl), By Voltage (132 kV to 220 kV, > 220 kV to 660 kV, > 660 kV), By Rated Strength (High Strength, Extra High Strength, Ultra High Strength), Application &Forecast, 2023 - 2032

  • Report ID: GMI5762
  • Published Date: May 2023
  • Report Format: PDF

High Temperature Overhead Conductor Industry Analysis

High Temperature Overhead Conductor Market size was valued at USD 197 million in 2022 and is set to grow at 5% CAGR from 2023 to 2032, owing to rising energy consumption across the globe. Upgradation & retrofitting of old & aging electrical transmission & distribution infrastructure with the new high temperature overhead conductors having low sag properties is anticipated to increase the industry growth.
 

High Temperature Overhead Conductor Market

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The global overhead conductor market will reach UAS 1 Bn by 2032, owing to the increasing electricity demand and favorable regulatory reforms toward the expansion of the existing grid infrastructure. The growing demand for the replacement and revamping of the conventional transmission networks across developed economies subject to strict energy efficiency protocol has instituted a favorable business scenario. Manufacturers across the globe through extensive R&D activities and inorganic strategic implications have been strengthening their market presence.

Increasing demand for electricity owing to the growing population and expanding industrialization, the demand for electricity is on the rise. High temperature overhead conductors are preferred in transmission lines due to their ability to carry more power and withstand high temperatures, making them an ideal solution to meet this increasing demand.
 

The demand for high temperature overhead conductors is also increasing due to the expansion of renewable energy sources such as wind and solar power. These sources require high-capacity transmission lines, and high temperature overhead conductors are a cost-effective and efficient solution, thereby augmenting the high temperature overhead conductor market growth. In addition, governments and utilities are increasingly focusing on energy efficiency and reducing carbon emissions. High temperature overhead conductors can help achieve these goals by reducing transmission losses and increasing the efficiency of power transmission.
 

COVID- 19 Impact

The COVID-19 pandemic had an adverse impact on the global high temperature overhead conductor market owing to significant disruptions to global supply chains, resulting in shortages of raw materials and components. This has impacted the production of high temperature overhead conductors, leading to delays in delivery and increased prices. In addition, infrastructure projects that require high temperature overhead conductors have been delayed due to the pandemic.
 

High Temperature Overhead Conductor Market Trends

Rising governments and utility company focus on upgradation of existing infrastructure to improve efficiency and reduce transmission losses has led to the replacement of old conductors with high temperature overhead conductors. In addition, increasing technological advancements in the materials and manufacturing techniques used in high temperature overhead conductors, which have led to improvements in their performance and reliability is anticipated to boost the product deployment across various economies.
 

The integration of renewable energy networks has enabled utilities and installers to focus on restructuring the existing electrical infrastructure. Conventional systems are being developed and enhanced, depending on the resonating frequencies and bandwidths to sustain the volatility of the renewable networks. In addition, the high temperature overhead cables in recent years have witnessed growth on account of the rising electricity demand along with favorable regulatory reforms on the expansion of the existing grid infrastructure.
 

High Temperature Overhead Conductor Voltage Segmentation

High Temperature Overhead Conductor Market Size, By Voltage, 2021 - 2032, (USD Million)

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132 kV to 220 kV voltage overhead conductors, subject to the ongoing urbanization and commercial expansion, are projected to witness modest growth in the years to come, due to comparatively large unit installations for a defined transmission capacity. However, the rapid renewable integration coupled with advanced distributed generation technologies will proliferate the industry outlook.
 

> 220 kV to 660 kV rated overhead conductors holds the highest revenue growth across the industry landscape. 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 high temperature overhead conductor market 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.
 

> 600 kV rated overhead conductor industry is estimated to grow at a moderate rate owing to increasing deployment of the product over long range for transmission along with an aim to reduce the power losses over longer distances. In addition, present scenario to offset the cost of the required converter stations at each end during transmission benefit the installation of HVDC and HVAC lines, thereby contributing to the ultra-high-tension lines during the given time frame.
 

High Temperature Overhead Application Segmentation

High Temperature Overhead Conductor Market  Share, Application, 2022

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High-tension overhead conductors subject to ongoing urbanization and commercial expansion are projected to witness a modest growth of over 4.5% till 2032. HT overheads have witnessed a strong market penetration over the years subject to comparatively large unit installations for a defined transmission capacity. In addition, rapid renewable integration coupled with advanced distributed generation technologies will proliferate the high temperature overhead conductor market outlook.
 

Rapid and exponential increase in energy demand, transmission capacity, along with rising concern for reliable energy supply with aesthetic application is anticipated to increase the extra high tension overhead conductor market size. Expansion of AC and DC transmission network to match generation to consumption demand especially across developing nation along with minimizing the losses will add to the industry growth.
 

Continuous improvements for decarbonizing trends will positively result in the replacement of degrading transmission infrastructure with extra & ultra-high tension power lines for clean & uninterrupted power supply. In addition, present trend of implementing ultra-high voltage lines along with balanced grid system for the same enables a cleaner, newer, and more efficient power generation & transmission especially in the populated areas across the region, thereby complementing the product adoption.
 

High Temperature Overhead Conductor Regional Analysis

Asia Pacific High Temperature Overhead Conductor Market, 2021-2032 (USD Million)

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The Asia Pacific high temperature overhead conductor market is predicted to showcase around 6% growth rate during the forecast period, 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. As per, International Energy Agency Energy outlook 2022 report, energy demand in Southeast Asia countries has increased on an average of 3% per annum over the last twenty years. This is further estimated to increase exponentially owing to rising population, thereby paving the demand for efficient & reliable transmission infrastructure due to increasing energy demand.
 

The rising demand for reliable and uninterrupted power supply along with increasing measures toward the electrification of remote locations will propel the Asia Pacific high temperature overhead conductor market growth. Emerging economies consisting of China & India 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. The rising concerns about reliability and grid safety will significantly enhance the product demand.
 

Ongoing economic proliferation owing to rapid commercialization and investments across the industrial and utility-based electrification systems will drive the industry landscape. Shifting trends toward advancement and further expansion of overhead electric lines will propel the product penetration. In addition, regulatory inclination toward the existing transmission losses has compelled installers to focus on effective and reliable product development.
 

High Temperature Overhead Conductor Industry Leaders

Some of the leading companies across the high temperature overhead conductor market include Schlumberger Ltd., Weatherford, Baker Hughes, Flowserve Corporation, EBARA CORPORATION, Atlas Copco AB, WILO SE, Grundfos Holding A/S, Gorman-Rupp Pumps, Crompton Greaves Consumer Electricals Limited, Sulzer Ltd, Tsurumi Manufacturing Co., Ltd., Novomet, and Halliburton.
 

High Temperature Overhead Conductor Industry News

  • In June 2021, Elsewedy completed the acquisitions of Validus Engineering and 95% of PT CG Power Indonesia. Validus Engineering is a power transformer manufacturer based out of Pakistan whereas PT CG Power Indonesia is a power transformer provider across Indonesia.
     
  • In January 2020, LS Cable & System completed the construction of its first African cable plant located in Egypt. The company came into a joint venture with MAN, a local cable manufacturer in Cairo. This joint manufacturing facility will produce overhead transmission lines, which are installed on the pylons between substations and power plants.
     

High Temperature Overhead Conductor market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘km’ & ‘USD Million’ from 2019 to 2032, for the following segments:

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Market, By Product

  • TAl
  • ZTAl
  • Others

Market, By Voltage

  • 132 kV to 220 kV
  • > 220 kV to 660 kV
  • > 660 kV

Market, By Rated Strength

  • High Strength
  • Extra High Strength
  • Ultra High Strength

Market, By Application

  • High Tension
  • Extra High Tension
  • Ultra High Tension

 

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Italy
    • Germany
    • Sweden
    • Russia
  • Asia Pacific
    • China
    • Australia
    • India
    • Japan
    • South Korea
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
  • Latin America
    • Brazil
    • Chile
    • Peru
    • Argentina
       
Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of high temperature overhead conductor crossed USD 197 million in 2022 with a growth prediction of 5% CAGR between 2023 and 2032, due to surge in energy consumption and increased spending on upgradation or retrofit of aging T&D infrastructure.

The high tension applications will grow at over 4.5% CAGR through 2032, with ongoing commercial expansion in developing nations and increased renewables integration worldwide.

APAC high temperature overhead conductor market value is estimated to witness over 6% CAGR from 2023 to 2032, with higher investments in upgrading electricity infrastructure and power generation capacity, especially across emerging economies.

Some of the major manufacturers in the market include Crompton Greaves Consumer Electricals Limited, Grundfos Holding A/S, Weatherford, Flowserve Corporation, Schlumberger Ltd., and Atlas Copco AB.

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  • Base Year: 2022
  • Companies covered: 11
  • Tables & Figures: 838
  • Countries covered: 21
  • Pages: 605
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