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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), COVID- 19 Impact Analysis, Regional Outlook, Application Potential, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI2293
  • Published Date: Dec 2022
  • Report Format: PDF

Industry Statistics

Overhead Conductor Market size exceeded USD 665 million in 2022 and is projected to expand at more than 5% CAGR from 2023 to 2032. Rising electricity demand across the globe will spur industry expansion.
 

The refurbishment and replacement of old grid infrastructure with new transmission lines, as well as the increasing installation of high-tension lines across great distances, are set to accelerate product rollout through the forecast period. Moreover, the prevalent concern to deploy high-strength transmission lines to change aging energy infrastructure for secure, clean, and dependable energy resources is expected to supplement business expansion.
 

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Sluggish evolution across underdeveloped nations may hamper industry growth

Regional rules, work restrictions, and geopolitical limits in developing economies are impeding overhead conductor market expansion. Additionally, volatile raw material costs, particularly of aluminum, and a heavy reliance on imports are hindering industry dynamics. Furthermore, political instability has made investors hesitant to invest or divest in certain regions, resulting in delayed development. However, prominent initiatives and favorable policies imposed by governments around the world to further technological advancements are anticipated to aid manufacturers in overcoming this restraint.
 

Increasing prominence of energy-efficient electric networks to complement HVAC segment growth

The HVAC segment recorded nearly 84% of the revenue share in 2022. The rising ampacity and overall performance criteria for electricity transmission networks, promoted by synchronous reforms and mandates, are slated to promote product uptake. Additionally, high emphasis on building energy-efficient electric networks, as well as growing concerns about accruing electric infrastructure, have stimulated product implementation for HVAC transmission.
 

Excellent mechanical properties to aid industry outlook

The ACAR conventional segment is estimated to attain nearly 5% CAGR between 2023 and 2032. Some attributes of these conductors, including high strength, superior mechanical properties, and exceptional corrosion resistance is likely to bolster product deployment across transmission & distribution network. They offer higher ampacity and a high strength-to-weight ratio compared to their counterparts, including ACSR & AAAC, which is also set to drive product penetration.
 

Revamping of conventional energy infrastructure to propel > 660 kV overhead conductor utilization

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The > 660 kV overhead conductor market surpassed USD 160 million in 2022. The paradigm shift toward rebuilding and reconstructing existing energy infrastructure throughout the commercial, industrial, and utility sectors for long-distance electrical transmission is encouraging segment development. Moreover, the integration of power generated from renewable sources into the national distribution network, coupled with soaring efforts for accelerating the modernization of existing high-voltage transmission networks.
 

Ability to endure high mechanical stresses to favor high strength segment expansion

The high strength segment accounted for around 36% share of the overhead conductor market in 2022.  High strength overhead conductor lines primarily have a load-carrying capacity of 10 kN to 75 kN that enables maximum electrical conductivity. Their ability to withstand high mechanical strains, along with low sag post construction, is speculated to boost segment outlook.
 

Favorable product qualities to foster conventional segment growth

North America Overhead Conductor Market, By Product, 2023 - 2032, (CAGR)

Product

CAGR, 2023 - 2032

Conventional

4.2%

High Temperature

4.5%

Others

5.1%

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In terms of product, the conventional segment held over 59% share of the overhead conductor market in 2022. Product qualities such as high current carrying capacity, sag behavior, and surface treatment from materials such as aluminum and steel to transmit electricity over long distances with minimal energy losses are set to enhance segment share. In addition, the product's capacity to efficiently offer reliable electricity as well as speedier service with lower frequency of power outages is estimated to impel product adoption.
 

Rising urbanization to amplify product demand for ultra-high tension applications

In terms of application, the overhead conductor market from ultra-high tension segment is poised to exhibit a more than 5% growth rate through 2032 owing to rapid urbanization and increased building activity in developed nations. Furthermore, the increasing need for secure and dependable electrical delivery across long distances is set to have a favorable impact on the segment outlook.
 

Growing need for energy-efficient solutions across Europe

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Europe overhead conductor market is predicted to observe more than 3% gains till 2032. Rising concerns regarding green carbon emissions, as well as the increasing need for energy-efficient solutions, have accelerated the demand for sustainable power solutions across the region. Additionally, stringent government regulations, in addition to a rising number of transmission projects, are expected to impel the regional industry share.
 

Capacity expansion efforts to define the competitive spectrum

Prominent companies operating in the global overhead conductor industry are Sumitomo Electric Industries, Ltd., 3M, Gupta Power, Nexans, ZMS Cable, Hindustan Urban Infrastructure Limited, Prysmian Group, CABCON INDIA LIMITED, Sterlite Power, Tropical Cable & Conductor Ltd. (TCCL), and Galaxy Transmissions Pvt. Ltd., among others.
 

Major manufacturers in the sector are concentrating on transmission projects and investments in order to gain a competitive edge in the business. To cite an instance, in January 2020, LS Cable & System, a leading cable expert, and MAN, a cable manufacturer in Cairo, Egypt, formed a joint venture for the completion of its first African cable plant in the country.
 

Impact of COVID-19 pandemic on overhead conductor market trends

The coronavirus pandemic had a detrimental effect on the global economy, notably disrupting business growth. Almost every industry suffered as domestic demand and exports dramatically decreased, with few significant exceptions where strong growth has been reported. However, the pandemic had a negative impact on the industry on account of the changes in client preferences, a delay in the supply of raw materials, and the closure of industrial sites owing to the government's lockdown and social distancing policies. Nonetheless, the mounting focus of governments on expediting economic recovery is strengthening the global supply chain, which is foreseen to support market growth in the future.
 

This market research report on overhead conductor includes in-depth coverage of the industry with estimates & forecast in terms of “km” & “USD Million” from 2019 to 2032, for the following segments:

Market Insights, By Product

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

Market Insights, By Voltage

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

Market Insights, By Rated Strength

  • High Strength
  • Extra High Strength
  • Ultra High Strength

Market Insights, By Current

  • HVAC
  • HVDC

Market Insights, 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, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of overhead conductor crossed USD 665 million in 2022 and is poised to grow at 5% gains through 2032 driven by the increasing efforts for refurbishment of existing & old grid infrastructures and the burgeoning power consumption.
The HVAC current segment held over 84% of the revenue share in 2022 due to the increasing focus on building energy-efficient electric networks.
The Europe overhead conductor market is set to record substantial growth at over 3% CAGR from 2023 to 2032 owing to the rising concerns associated with green carbon emissions and the growing need for energy-efficient solutions.
The major businesses in the global market include Sumitomo Electric Industries, Ltd., 3M, Gupta Power, Nexans, ZMS Cable, Hindustan Urban Infrastructure Limited, Prysmian Group, CABCON INDIA LIMITED, Sterlite Power, Tropical Cable & Conductor Ltd. (TCCL), and Galaxy Transmissions Pvt. Ltd., among others.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 34
  • Tables & Figures: 2176
  • Countries covered: 18
  • Pages: 820
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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