Overhead Conductor Market Growth Analysis, Industry Trends & Forecast 2024
Date: 2019-02-08   Author: Rahul Sankrityayan  Category: #market

Overhead Conductor Market Growth Analysis, Industry Trends & Forecast 2024

According to the lates research report by Global Market Insights, Inc., the Overhead Conductor market is anticipated to cross over USD 800 million by 2024. Favorable government directives toward the expansion of cross border networks in line with increasing refurbishment and revamping of existing transmission infrastructure will drive the overhead conductor market.

In 2017, Georgia received funding from European Investment Bank (EIB) and European Bank for Reconstruction and Development (EBRD), for the construction of cross border electricity interconnector project that will allow the export of electricity to countries including Turkey and Europe having high energy demand.

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Regulatory inclination toward the retrofitting & upgradation of existing electric transmission infrastructure coupled with ongoing industrial enhancement will boost the overhead conductor market. In addition, rapid technological advancements in line with enhanced inclination of utilities toward energy efficiency will further escalate the product growth.

132 to 220 kV overhead conductor market have witnessed significant growth on account of suburban developments and ongoing commercialization. Rapid development of high-tension transmission lines for uninterrupted long-distance power supply will further enhance the product adoption. In addition, these units have strong industry penetration owing to large unit installation for a resisted transmission capacity.

In 2017, ACSR held over 50% share of the conventional overhead conductor market. Efficient conductivity, effective tensile strength along with lower expansion coefficient are key parameters driving the product penetration. Furthermore, standardization of a majority of conductors have been taking place as there is no single "wonder material" that will energize the industry landscape.

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Feasibility across utility facilitated transmission lines and large capacity industrial deployments will augment the high strength overhead conductor market. These units attain extensive installation across various transmission infrastructure requiring relatively higher ampacity supply. Furthermore, improved conductivity, low impedance in line with operational flexibility will further strengthen the product penetration.

Ultra-high-tension overhead conductor market will grow owing to higher ampacity in line & decreased line losses with increasing fund allocation from the state-owned utilities pertaining to the development of cross border network will augment the business potential. These units will witness extensive deployment subject to growing HVDC transmission installation coupled with growing focus to adopt renewable energy system.

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Asia Pacific overhead conductor market is anticipated to grow over 2% by 2024. Economic escalation on account of rapid commercialization and massive fund allocation across the industrial and utility-based systems will thrust the product demand. Favorable shift toward the expansion and advancement of large scale overhead electric units will further propel the industry growth. In addition, regulatory measures to reduce the existing transmission & distribution losses has bound the installers to focus on effective and reliable product development.

Notable industry leaders in the overhead conductor market include ZTT, LAMIFIL, Sumitomo, APAR, Hindustan Urban Infrastructure, Neccon, Sterlite, China Top Cable, Nexans, General Cable, Southwire, Galaxy, Kelani and Elsewedy among others.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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