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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, 2017 – 2024

Published Date: December 2017 | 788 Pages | Report ID: GMI2293 | Report Format: PDF

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Industry Trends

Overhead Conductor Market size for 2016 was valued over USD 25 billion and the cumulative installation is set to reach over 4 million ckt km by 2024.
 

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

 

The overhead conductor market share will witness appreciable escalation subject to growing demand for refurbishment & revamp of existing transmission networks coupled with favourable regulatory reforms towards expansion of cross-border networks. Rapid economic growth has led to an upsurge in energy demand across the globe. Supportive policy interventions along with favourable sectoral reforms have further escalated the power industry growth. Despite the phenomenal growth in generation capacity, numerous countries across the globe are prone to the power deficit situation. Transmission and aggregate technical and commercial losses across the nations will result in a huge overall deprivation in terms of energy & revenue realization which in turn fuel the integration of sustainable transmission components.
 

Overhead Conductor Market, By Product

ACSR in 2016 accounted for over 50% share of the global conventional overhead conductor market share. Effective conductivity, lower expansion coefficient coupled with sustainable tensile strength have been few indispensable parameters driving the product adoption. Furthermore, a clear majority of conductors have been homogenous as there has been no single “wonder material” defining the industry dynamics.
 

AAAC in the recent years has been readily installed across new & refurbished electric transmission lines. The conductors made up of this alloy exhibit similar dimensions as an ACSR, lighter, stronger, and more conductive although these tend to be more expensive and possess a higher expansion coefficient. These conductors are made basically of steel, aluminum, and aluminum alloys.
 

Overhead Conductor Market, By Voltage

132 kV to 220 kV overhead conductor market is estimated to gain over 1% by 2024. Ongoing urbanization and commercial establishments coupled with rapid expansion of high tension transmission networks will positively influence the business outlook. These conductors have attained a strong market penetration subject to comparatively large unit installations for a defined transmission capacity.
 

>660 kV overhead conductors in the recent years have witnessed significant proliferation subject to the ongoing expansion of ultra-high-tension transmission lines to sustain losses accrued from the long-route electrical supply. Lower sagging, less utilization of conductor materials, and effective long-distance transmission of electricity are the few indispensable parameters evaluated to justify the product demand. Growing inclination towards the adoption of HVDC transmission networks to cater cross-border electricity demand will further embellish the overhead conductor market business scenario.
 

Overhead Conductor Market, By Rated Strength

Extra high strength overhead conductor market is predicted to reach over 1 million ckt km by 2024. Sustainable feasibility across large capacity industrial establishments and utility aided transmission networks will positively impact the business growth. These products gain appreciable applicability across transmission lines requiring comparatively higher ampacity spread across a wide regional spectrum.
 

Ultra-high-strength owing to effective long-distance transmission capacity coupled with lower line losses will witness strong growth in the years to come. Lower conducting losses, efficient operational feasibility, and longer lifespan justify the product penetration across the global overhead conductor market size.
 

Overhead Conductor Market, By Current

HVAC on account of higher conductor integration for a specified transmission distance when compared to HVDC networks have gained significant penetration. Furthermore, lower terminal cost coupled with ease-of-voltage transformation across these circuits foster the deployment of HVAC transmission lines which in turn will positively influence the product demand.
 

Less conductor requirement when compared to HVAC networks will stimulate the HVDC overhead conductor market growth. However, lower losses, better controllability, effective asynchronous interconnection, and negligible short-circuit current pose an immense potential for these products over the forecast period.

 

Overhead Conductor Market, By Application

High tension overhead conductor market is set to grow over 1% by 2024. Ongoing industrial expansion coupled with favourable regulatory reforms towards the refurbishment and revamping of existing electric transmission networks will drive the industry growth. In addition, rapid technological enhancements along with growing inclination towards energy efficiency will further enhance the product penetration.
 

Ultra-high-tension subject to rising investments from state-owned utilities towards the expansion of cross border transmission networks coupled with reduced line losses and higher ampacity will boost the business landscape. The product is anticipated to witness an appreciable growth subject to increasing HVDC transmission networks along with growing focus to integrate a sustainable electricity system.
 

Overhead Conductor Market, By Region

The U.S. overhead conductor market size will grow owing to rising demand for the revamping and retrofitting of the existing electric grid networks. The establishment of a reliable grid support system coupled with advanced technological development will positively impact the industry growth. Ongoing infrastructure investments along with an increase in the demand for electricity will further drive the business scenario.
 

The European overhead conductor market will witness an appreciable escalation subject to stringent energy efficiency protocol coupled with growing share of electricity from renewable sources. Regulators with an aim to establish a sustainable network have been channelizing investments to support its electricity generation, transportation and distribution networks.
 

Asia Pacific overhead conductor market is set to witness growth of over 2% by 2024. Economic proliferation owing to rapid commercialization and investments across the industrial and utility-based electrification will complement the industry outlook. In addition, regulatory inclination toward the existing transmission losses has compelled installers to focus on effective and reliable product development.
 

Competitive Market Share

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

Inorganic growth expansion coupled with extensive R&D investments to sustain the rising demand for effective and reliable conductor compositions have been the prime strategic implications adhered by the leading industry participants.
 

Overhead Conductor Industry Background
 

Overhead conductor is a physical medium used to carry electrical energy across two adjoining electricity network junctions. These products are installed by industrial, commercial, and utility, consumers across high tension transmission grid. Increasing network complexities subject to increasing electricity demand in addition to rapid industrial expansion and urbanization have increased electricity faults, which further propel the demand for effective transmission infrastructure.
 


What Information does this report contain?

Historical data coverage: 2013 to 2016; Growth Projections: 2017 to 2024.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
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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