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Overhead Conductor Market Size, By Product (Conventional {ACSR, AAAC, ACAR, AACSR, AAC}, High Temperature {Tal, ZTAl}, Others {ACFR, ACCR, ACCC, CRAC, Gap Conductors}), By Voltage (132 kV to 220 kV, 221 kV to 660 kV, >660 kV), By Rated Strength (High Strength, Extra High Strength, Ultra-High Strength), By Current (HVAC, HVDC), By Application (High Tension, Extra High Tension, Ultra-High Tension), Industry Analysis Report, Regional Outlook, Application Potential, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI2293
  • Published Date: Jul 2021
  • Report Format: PDF

Industry Trends

Overhead Conductor Market Size valued at over USD 790 million in 2020 and is set to grow at a CAGR of over 3% between the period of 2021 and 2027. Overhead conductors are basic components in the transmission of electrical energy across long distances. They comprise either a single metal conductor or a strand of multiple conductors clubbed together to enhance the transmission capacity and reliability. Increasing electricity demand coupled with transmission losses will augment the business scenario.

Overhead Conductor Market Size

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The overhead conductor industry is set to witness growth due to favorable regulatory reforms toward the expansion of microgrid networks and the integration of a sustainable electrical infrastructure. Paradigm shift toward IT integration across the power sector will fuel smart grid deployment, which in turn, will positively sway the industry dynamics. The increasing disposable income, sustainable population, and higher electricity consumption, primarily across developing nations, will energize the business scenario.

Refurbishment & retrofitting of the existing grid infrastructure will drive the conventional overhead conductor market share

Overhead Conductor Market Size, By Product

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The conventional overhead conductor market is estimated to reach over USD 560 million by 2027. Modernization of the grid infrastructure to make it smarter and extra resilient through the integration of cutting-edge equipment and controls & technologies will complement the business outlook. The ability of these units to efficiently deliver reliable electricity, reduce the frequency of power outages, provide faster service, and reduce storm impacts is set to boost the product adoption.

AAAC conventional overhead conductors will gain an appreciable momentum owing to their key benefits including stronger, lighter, and more conductive properties. These conductors have been designated as Trapezoidal-Wire (TW) to reduce the effects of wind-induced vibrations & motions, accelerating the industry potential. Surging regulatory focus on the modernization of grids, reduction of peak loads, improvement of security, lowering of operational costs, and increasing the integration of renewables will stimulate product demand.

Large-scale integration of renewable energy resources will propel the demand for 132 kV to 220 kV rated overhead conductors

132 kV to 220 kV rated overhead conductor market is set to grow at a CAGR of over 2.5% through 2027. The rapid renewable integration coupled with advanced distributed generation technologies will proliferate the industry outlook. Rising concerns to manage intermittency generated by the increased use of solar power across developing nations will fuel the industry landscape.

Favorable reforms in line with large-scale renewable integration favored by the upgrading of existing grid networks to sustain the emerging electricity demand will comprehensively enhance product penetration. For instance, in the U.S., the Smart Grid Investment Grant program (SGIG) aims to escalate the modernization of the existing transmission systems owing to the favorable economic & political scenario.

Increasing applicability across large industrial establishments will stimulate the extra-high-strength overhead conductor segment

Overhead conductor market from extra high-strength segment is estimated to exceed USD 340 million by 2027. Wide-scale utilization across large capacity industrial developments and utility-aided transmission networks will energize the industry dynamics. Increasing demand for high ampacity and power reliability across industrial processes including mining and oil & gas will boost the business landscape. The technology provides key advantages including lower conducting losses, efficient operational feasibility, and longer lifespan, stimulating product penetration.

HVAC conductor technologies will grow at a CAGR of over 2.5% through 2027. Higher conductor integration for a specified transmission distance when compared to its available counterparts. Lower terminal costs coupled with the ease-of-voltage transformation across circuits will foster the deployment of HVAC transmission lines. Rising investments from private & public funding institutions in line with regulatory provisions to cater to the rapid expansion of smart grid networks will facilitate the business outlook.

Increasing funding for the expansion of commercial establishments to boost the high-tension overhead conductor segment

The increasing urbanization rate in line with robust development of commercial establishments will escalate the high-tension overhead conductor segment. Government efforts to deploy next-generation tools, technologies, and techniques for resilient, efficient, affordable & reliable delivery of electricity will complement industry share. Rising investments to establish a sustainable electrical network along with favorable regulatory reforms pertaining to electrification across grid-isolated areas will propel business growth.

The world economy has been hit hard by an unpredicted outbreak of the novel coronavirus (COVID-19). Global economies are focusing on over-compensating the pandemic impacts by fast-tracking their operations, resulting in the anticipation of gradual market growth by the second half of 2021. Favorable conditions including the ongoing upgrading & modernization of existing transmission lines and deployment of advanced power cables with lower transmission losses are anticipated to stimulate the overhead conductor industry.

Asia Pacific is anticipated to witness significant growth owing to the expansion of microgrid networks

Asia Pacific Overhead Conductor Market Size, By Country

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Asia Pacific and North America overhead conductor market together held a major share of over 65% in 2020. The deployment of renewables coupled with ongoing advancements in distributed generation technologies will favor the industry scenario. Growing concerns toward energy security along with surging decentralized power generation will energize product penetration. Ongoing measures to refurbish existing grid infrastructures followed by the rapid adoption of smart transmission & distribution systems will augment the business landscape.

The U.S. overhead conductor market is anticipated to witness an upsurge owing to an exponential rise in energy demand accelerated by the flourishing industrial and commercial sectors. In addition, the growing population and ongoing migration across sub-urban areas have considerably led to an increase in peak load demand, escalating the industry potential. Large-scale renewable deployment in line with stringent norms pertaining to GHG emissions will significantly thrust the business outlook.

Product innovations and partnerships will act as crucial points for market participants

Eminent companies are focusing on technological advancements along with partnerships and acquisitions to meet the predominant competition in the industry. Industry manufacturers are laying importance on economies of scale and forward integration to nourish the quality standards.

Major participants operating in the overhead conductor market include Sumitomo Electric Industries, ZTT, APAR, Lamifil, Nexans, Neccon, LUMPI-BERNDORF Draht- und Seilwerk GmbH, 3M, Gupta Power, ZMS Cable, Midal Cables, Hindusthan Urban Infrastructure, Alfanar Group, Prysmian Group, CABCON India, Sterlite Power, Tropical Cable & Conductor, Gulf Cable and Electrical Industries, KEI Industries, Riyadh Cables Group, LS Cable & System, Energya Cables Saudi Arabia, Southwire Company, SWCC SHOWA HOLDING Co., MetalLink, Special Cables, Elsewedy Electric, Alcon Marepha, Arrow Electronics, Galaxy Transmissions, Kelani Cables, Bekaert, Tratos, CMI, and Eland Cables.

The overhead conductor market research report includes in-depth coverage of the industry with estimates & forecast in terms of km and USD from 2017 to 2027 for the following segments:

By Product

  • Conventional
    • ACSR
    • AAAC
    • ACAR
    • AACSR
    • AAC
  • High Temperature
    • Tal
    • ZTAl
    • Others
  • Others
    • ACFR
    • ACCR
    • ACCC
    • CRAC
    • Gap Conductors
    • Others

By Voltage

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

By Rated Strength

  • High Strength
  • Extra High Strength
  • Ultra-High Strength

By Current

  • HVAC
  • HVDC

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
    • France
    • Italy
    • Germany
    • Sweden
    • Russia
    • Spain
  • Asia Pacific
    • China
    • Australia
    • India
    • Japan
    • South Korea
    • Indonesia
    • New Zealand
    • Malaysia
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Egypt
    • Turkey
    • Kuwait
    • Nigeria
    • Oman
  • Latin America
    • Brazil
    • Chile
    • Peru
    • Argentina
Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

Global market for overhead conductor had exceeded USD 790 million in 2020 and will record a CAGR of over 3% through 2027.

Conventional overhead conductor demand will surpass USD 560 million by 2027 with ongoing modernization of grid infrastructure through the integration of high-end equipment and technologies.

132 kV to 220 kV rated overhead conductor industry will observe a CAGR of over 2.5% through 2027 on account of rapid integration of renewables with advanced distributed generation technologies.

Asia Pacific and North America market for overhead conductor together had captured over 65% share in 2020 owing to ongoing advancements in distributed generation technologies in these regions.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 35
  • Tables & Figures: 1466
  • Countries covered: 31
  • Pages: 790

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