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High Temperature Overhead Conductor Market Trends

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

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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.

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.