Overhead Conductor Market Analysis

Overhead Conductor Market Analysis

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.

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.

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.
 

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.
 

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.
 

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.
 

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.