Overhead Conductor Market Analysis

Overhead Conductor Market Analysis

The conventional overhead conductor is projected to exceed over USD 646 million by 2032. Its adoption is stimulated by the product’s satisfactory mechanical properties and sag behaviour. Moreover, the conventional overhead conductor is expected to witness moderate growth on account of the continuous funding of power infrastructure, grid modernization initiatives and the use of renewable energy technologies being on the rise.
 

The > 220 KVM to 660 KVM voltage overhead conductor market is expected to grow at a rate of over 6.2% through 2032. The growth of the business will be aided by a surge in electricity needs from industrial operations and the increasing erection of extra high-tension electricity transmission grids for the mining, oil, and gas industries. Further, rapidly growing retrofitting and refurbishment of obsolete and ageing electricity transmission networks in North America and Europe are likely to further boost this industry growth.
 

The Asia Pacific overhead conductor market is set to reach USD 625 million by 2032. The power consumption trends of corporations and households across the region further up the growth pace. Countries such as India, China and Indonesia will show growth in their economies boosting the growth pace even greater.
 

In the US, there seems to be a surge in the demand for new transmission networks which is boosting the economy. The power distribution and transmission remain slightly unbalanced but the requirements of U.S. have increased for more expansion and upgrades. The transmission links that need to be added across the region will be done keeping in mind the growing load demand.