Overhead Conductor Market to be dominated by Rated Strength Segment through 2028.

Increase in demand for electricity from utility in small quantity to drive Global Overhead Conductor Market in the forecast period, 2023-2028.

According to TechSci Research report, “Global Overhead Conductor Market - By Region, Competition, Forecast & Opportunities, 2028”, Global Overhead Conductor Market is anticipated to grow at a 4.86% CAGR in the forecast period, 2024-2028.

Electricity is the basic necessity of mankind. The demand for electricity will keep rising worldwide as the population increases and standard of living improves. The power consumption per capita will increase in the coming fifty years. Stable and reliable supply of electricity is key to the overall growth of all countries. An overhead conductor is one of the most important and widely used components in power transmission and distribution. An overhead conductor is vital between power transmission and distribution.

The design of an overhead conductor plays a significant role in the pricing of electricity. The overhead cable should have maximum electrical conductivity. It should have the tensile stress-bearing capacity so it can withstand mechanical stresses. In order to minimize sagging, the overhead cable should have a low weight per unit volume. Proper insulation of an overhead conductor ensures safety during power transmission. The overhead cable should be able to withstand adverse climatic conditions and corrosion. Optimization of the length of overhead cable, construction of the overhead cable, and appropriate material selection are critical for overhead cable infrastructure.

Browse over XX market data Figures spread through 180 Pages and an in-depth TOC on "Global Overhead Conductor Market”

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. Based on Region, Global region is expected to dominate the market for Overhead Conductor during the forecast period.

Major companies operating in the Global Overhead Conductor market are:

• Tratos
• Eland Cables
• General Cable
• Sumitomo Electric Industries
• Elsewedy Electric
• Southwire Company
• Tokyo Rope International
• Nirmal group
• ZMS cable
• Lumpi-Berndorf Draht- und Seilwerk GmbH
  
  

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“The global Overhead Conductor market is driven by several key factors that shape its growth and development. The global overhead conductor market is driven by several key factors that collectively stimulate its growth and development. First and foremost, the escalating global demand for electricity, driven by population growth, urbanization, and the increasing electrification of various sectors, is a primary driver. Overhead conductors are essential for efficiently transmitting electricity over long distances, making them indispensable components of electrical grids. Furthermore, the integration of renewable energy sources into the global energy mix is a prominent driver. Wind, solar, and other clean energy sources often require extensive transmission infrastructure, with overhead conductors being vital for transporting electricity from remote generation sites to urban centers.

Grid modernization initiatives, aimed at enhancing grid efficiency and reliability, also fuel market growth. Overhead conductors play a crucial role in enabling smart grid technologies, which facilitate real-time monitoring and control of electricity flows. Technological advancements, including the development of high-temperature superconductors and innovative conductor designs, improve the efficiency and capacity of overhead conductors, further driving demand. Resilience is another key driver, as overhead conductors designed to withstand extreme weather events and climate-related challenges are in high demand. This is particularly relevant in an era of increasing climate change-related risks. Lastly, the electrification of transportation, exemplified by the rise of electric vehicles, necessitates expanded electrical infrastructure supported by overhead conductors to meet the growing demand for charging networks. In conclusion, the global overhead conductor market is propelled by the critical role these components play in meeting growing electricity needs, integrating renewable energy, modernizing grids, advancing technology, ensuring resilience, and supporting the electrification of transportation. These drivers collectively shape the market's trajectory and outlook.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Overhead Conductor Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Product (Conventional, High Temperature, Others), 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 Region, Competition, 2018-2028”, has evaluated the future growth potential of global Overhead Conductor market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Overhead Conductor market.

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