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High Temperature Overhead Conductor Market Size
- Report ID: GMI5762
- Published Date: May 2023
- Report Format: PDF
High Temperature Overhead Conductor Market Size
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.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| High Temperature Overhead Conductor Market Size in 2022: | USD 197.6 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 343.2 Million |
| Historical Data for: | 2019 to 2022 |
| No. of Pages: | 605 |
| Tables, Charts & Figures: | 838 |
| Segments covered: | Voltage, Rated Strength, Application & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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.
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High Temperature Overhead Conductor Market Scope
