April 13, 2020
According to the research report titled ‘Overhead Conductor Market Size By Product, By Rated Strength , By Current, Application, Industry Analysis Report, Regional Analysis, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global overhead conductor market registered an annual installation of more than 70,000 km in 2018 and is expected to surpass USD 950 million by the year 2025.
Favorable government initiatives pertaining to the development of power infrastructure across borders and growing demand for renovating existing distribution systems are major factors driving the overhead conductor market growth. AT&C (aggregate technical & commercial) losses owing to growing energy demand in consort with revenue realization are further fueling the market expansion.
Based on product landscape, the report states that the ACSR segment held 60% share of the overall market in 2018 and will witness consistent growth in the subsequent years. Factors such as effective conductivity and low extension coefficient along with superior tensile strength are propelling the product demand across the globe.
In terms of voltage, 132 kV- 220 kV overhead conductor market segment is presumed to grow with a CAGR of 9% between 2019-2025. Rising population in the urban areas coupled with rapid deployment of high-voltage distribution systems is stimulating the industry outlook.
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The report cites that ultra-high strength product segment is expected to expand substantially during the forecast period. Overhead conductors with ultra-high strength can reduce the losses during electricity transmission in large distance distribution systems. Effective operational adaptability and longer life span will fuel the product adoption in the forthcoming years.
Considering the geographical landscape, the U.S. overhead conductor market was worth USD 40 million in 2018 and is poised to acquire notable gains over the ensuing years. Increasing renovation and revamping activities of existing grid infrastructure along with rising adoption of sustainable electricity networks are favoring the market outlook. Advancements in technology pertaining to the overhead conductors, surging investments towards expansion of electricity grids and growing energy demand are promoting the business scenario in the U.S.
Companies prevailing in the overhead conductor market are Bekaert, Kelani, Oman Cables, CABCON, China Top Cable Arrow, Southwire, Alcon Jeddah, Galaxy, Diamond Power Infrastructure, SWCC, KEI, Midal, Taihan, Gupta Power, 3M, Neccon, LUMPI BERNDORF, Prysmian, Special Cables, General Cable, CTC, Nexans, ZTT, LAMIFIL, APAR and Sumitomo.
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