Overhead Conductor Market Size By Product (Conventional Conductors {ACSR, AAAC, ACAR, AACSR, AAC}, High Temperature Conductors {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 {10 kN to 75 kN}, Extra High Strength {76 kN to 150 kN}, Ultra High Strength {> 150 kN}), By Current (HVAC, HVDC), Application (High Tension, Extra High Tension, Ultra High Tension), Industry Analysis Report, Regional Analysis (U.S., Canada, Mexico, UK, France, Italy, Germany, Sweden, Russia, Spain, China, Japan, South Korea, India, Australia, Indonesia, New Zealand, Malaysia, UAE, Saudi Arabia, Qatar, Kuwait, Oman, Turkey, South Africa, Egypt, Nigeria, Brazil, Peru, Chile, Argentina), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024

Published Date: Sep 2018 | 740 Pages | Report ID: GMI2293 | Authors: Ankit Gupta, Aditya Singh Bais Report Format: PDF

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Industry Trends

Overhead Conductor Market size in 2017 was valued over USD 650 million and the annual installation is set to surpass 100 ‘000 km by 2024.

U.S. Overhead Conductor Market Size, By Voltage (USD Million)
U.S. Overhead Conductor Market Size, By Voltage (USD Million)

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Favourable government initiatives toward the development of cross border networks along with growing demand for revamping & refurbishment of existing transmission network will boost the global overhead conductor market size. Positive policy interventions coupled with favourable sectoral schemes have further strengthened the power industry share favoured by rapid economic development. Aggregate commercial & technical coagulated by accruing transmission losses, result in huge deficiency in terms of revenue realization and energy which in turn will propel the integration of effective transmission components.

Overhead Conductor Market, By Product

ACSR in 2017 accounted for over 50% share of the conventional overhead conductor market. Lower expansion coefficient, effective conductivity along with effective tensile strength are key elements driving the product demand. In addition, a majority of conductors have been standardized as there are no single “wonder material” energizing the industry dynamics.

In the recent years, AAAC has been readily installed across refurbished & new electric transmission lines. These conductors exhibit similar dimensions when compared to ACSR, with lighter, stronger, and more conductive configurations, although these tend to be more expensive and possess a higher expansion coefficient. These conductors primarily are composed of steel, aluminum, and aluminum alloys.

Overhead Conductor Market, By Voltage

132 to 220 kV overhead conductor market is anticipated to grow over 1% by 2024. Ongoing commercialization and suburban developments along with rapid growth of high-tension transmission infrastructure will augment the business landscape. These units have attained a robust market penetration on account of comparatively large unit deployment for a defied transmission capacity.

In the recent years, > 660 kV units have witnessed significant growth owing to the ongoing development for ultra-high-tension transmission lines to withstand losses accrued from the long-distance electricity supply. Effective long-route transmission of electricity, less utilization of conductor materials and lower sagging are key parameters evaluated to validate the product penetration. Increasing inclination towards the acceptance of HVDC transmission network to fulfil cross-border electricity demand will further stimulate the overall overhead conductor market size.

Overhead Conductor Market, By Rated Strength

High strength overhead conductor market is anticipated to surpass an annual installation of 50 ‘000 km by 2024. Feasibility across utility aided transmission networks and large capacity industrial installations will positively sway the industry dynamics. These units gain considerable deployment across various transmission lines requiring relatively higher ampacity distribution across the large regional network. Furthermore, low impedance, operational flexibility along with improved conductivity will further drive the product demand.

Ultra-high-strength will witness robust growth on account of lower line losses across long distance transmission capacity. Efficient operational feasibility, longer life span and lower conducting losses of these units will complement the overall overhead conductor market share.

Overhead Conductor Market, By Current

HVAC overhead conductor market will witness considerable escalation subject to higher conductor integration for a specific transmission distance in comparison to HVDC lines. Furthermore, ease-of-voltage transformation along with lower terminal cost across these circuits will escalate the adoption of HVAC networks.

Lesser number of HVDC conductor deployed in comparison to HVAC lines for the same distance reflect their minimal overhead conductor market share. Although, better controllability, lower losses, negligible short-circuit current and effective asynchronous interconnection pose immense potential for HVDC conductor deployment.

Overhead Conductor Market, By Application

Favourable government initiatives toward the revamping & refurbishment of existing electric transmission infrastructure in line with ongoing industrial expansion will escalate the industry growth. Furthermore, rapid technological upgradation coupled with utility inclination towards energy efficiency will further fuel the product demand.

Ultra-high-tension owing to reduced line losses & higher ampacity along with increasing fund allocation from state-owned utilities towards the enhancement of cross order transmission network will positively influence the business growth. These units will witness significant growth on account of increasing HVDC transmission deployment in line with increasing focus to integrate renewable energy system.

Overhead Conductor Market, By Region

The U.S. market in 2017 was valued over USD 40 million. Rising demand for the refurbishment & revamping of the existing electric grid infrastructure will augment the product penetration. The installation of a reliable grid network along with enhanced technological establishment will stimulate the industry growth. Rise in energy demand along with ongoing infrastructure fund will further complement the business outlook.

The overhead conductor market across Europe will witness robust growth owing to stringent energy efficiency norms along with rising share of electricity from renewable sources. Regulators with an aim to develop a reliable energy network have been channelizing fund allocation to cater their electricity generation, distribution and transportation networks. EU’s policy objectives include restructuring and fund allocation towards a stable grid network to fit renewable resources & fulfil the upsurge in energy demand.

Asia Pacific industry is projected to grow over 2% by 2024. Ongoing economic escalation owing to rapid commercialization and fund allocation across the utility based and industrial electrification systems will boost the product demand. Positive inclination toward the advancement and expansion of large scale overhead electric lines will foster the market share. Furthermore, government focus to curb the existing T&D losses has obligated installers to emphasize on reliable and effective product development.

Competitive Market Share

Notable overhead conductor market participants include ZTT, LAMIFIL, Sumitomo, APAR, Nexans, Neccon, CTC, LUMPI BERNDORF, General Cable, 3M, Taihan, Gupta Power, Midal, Hindustan Urban Infrastructure, Prysmian, Alfanar, Sterlite, CABCON, Coreal, CAFCA, Tropical Cable, Gulf Cable, Riyadh Cables, KEI, Jeddah, Diamond Power Infrastructure, SWCC, Southwire, China Top Cable, Special Cables, Oman Cables, Elsewedy, Alcon, Fifan, Galaxy, Arrow, Kelani and Bekaert.

Extensive R&D investments to sustain the increasing demand for reliable and effective conductor compositions along with inorganic growth expansion have been the key strategic inferences adhered by the leading industry players.

Overhead Conductor Industry Background

Overhead Conductor Market Segmentation

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Overhead conductor is a medium that is used to carry energy between two adjoining electricity network intersections. These units are installed by commercial, industrial, and utility, consumers across high tension transmission network.

What Information does this report contain?

Historical data coverage: 2013 to 2017; Growth Projections: 2018 to 2024.
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Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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