Overhead Conductor Market size to exceed $950mn by 2027

Overhead Conductor Market size is expected to surpass USD 950 million by 2027 as reported in the latest study by Global Market Insights, Inc.
 

The overhead conductor industry is set to grow due to the growing demand for revamping and retrofitting existing electric grid networks. The increasing electrification rate along with the establishment of a reliable grid support system will positively impact the industry demand. Regulatory focus on the deployment of a sustainable network to support electricity generation, transportation, and distribution networks will foster the business scenario.

 

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High temperature overhead conductor market is anticipated to surpass USD 260 million by 2027. Utilities across developed economies have been strongly focusing on gap conductor technologies and ACSS to enhance their transmission networks, strengthening the industry dynamics. The demand for these conductors has accelerated due to high-temperature bearing capacity and the ability to retain conducting properties compared to the existing conventional technologies.
 

The COVID-19 pandemic had a considerable impact on the overall industry growth in 2020. The overhead conductor industry witnessed a decline in sales, following the restriction on labor movement and delay in numerous transmission line projects driven by limited investments from public & private players. Considering the slowdown due to the pandemic, the industry is set to regain its lost strength in the second half of 2021.
 

Expansion of ultra-high tension transmission lines to drive >660 kV overhead conductors

>660 kV overhead conductor market is significantly proliferating due to the ongoing expansion of ultra-high-tension transmission lines to sustain losses incurred from the long-route power supply. These units offer key advantages including low sagging, less utilization of conductor materials, and effective long-distance transmission capability, supporting the business expansion. The large-scale demand for electricity from industrial establishments along with increasing population and urbanization will energize the business outlook.
 

Browse key industry insights spread across 790 pages with 1,419 market data tables & 47 figures & charts from the report, “Overhead Conductor Market Statistics, By Product (Conventional {ACSR, AAAC, ACAR, AACSR, AAC}, High Temperature {Tal, ZTAl}, Others {ACFR, ACCR, ACCC, CRAC, Gap Conductors}), Voltage (132 kV to 220 kV, 221 kV to 660 kV, > 660 kV), Rated Strength (High Strength, Extra High Strength, Ultra-High Strength), Current (HVAC, HVDC), Application (High Tension, Extra High Tension, Ultra-High Tension), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/overhead-conductor-market
 

High strength overhead conductors to gain traction due to the rapid adoption of distributed generation technology

High strength overhead conductor market will grow at a CAGR of over 2.5% owing to extensive penetration across transmission lines, requiring comparatively lower ampacity and confined regional coverage. These units are widely deployed across lines with voltage levels ranging from 132 kV to 220 kV. The ongoing demand for energy mixes across industries and the rapid adoption of distributed generation technology will institute a favorable business scenario.
 

Expansion of micro-grid networks will propel the Middle East & Africa overhead conductor industry size

The Saudi Arabia overhead conductor market accounted for over USD 28 million in 2020. Grid integration of renewable technologies coupled with the rapid expansion of micro-grid networks will augment the business landscape. Grid integration of sustainable sources across public, private, and utility-based electrical networks will drive the industry landscape. In addition, the growing consumer awareness to limit carbon footprints has witnessed a significant turnaround along with rapid adoption across residential, commercial, and industrial establishments, which in turn, will foster product demand.
 

Notable players operating across the overhead conductor market include Sumitomo Electric Industries, APAR, ZTT, Lamifil, Neccon, Nexans, LUMPI-BERNDORF Draht- und Seilwerk GmbH, Gupta Power, 3M, ZMS Cable, Hindusthan Urban Infrastructure, Midal Cables, Alfanar Group, CABCON India, Prysmian Group, Tropical Cable & Conductor, Sterlite Power, KEI Industries, Tropical Cable & Conductor, LS Cable & System, Riyadh Cables Group, Southwire Company, Energya Cables Saudi Arabia, MetalLink, SWCC SHOWA HOLDING Co., Elsewedy Electric, Special Cables, Arrow Electronics, Alcon Marepha, Kelani Cables, Galaxy Transmissions, Bekaert, CMI, Tratos, and Eland Cables.
 

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