Global Overhead Line Conductors Market Size By Type (ACSR, AAAC, AACSR), By Application (Extra High Voltage (345-800 kV), High Voltage (69-345 kV), Middle Voltage (1-69 kV)), By Geographic Scope And Forecast

Overhead Line Conductors Market Size And Forecast

Overhead Line Conductors Market size was valued at USD 20,522.90 Million in 2022 and is projected to reach USD 41,453.82 Million by 2030, growing at a CAGR of 9.30% from 2023 to 2030.

Rising investments in building a sustainable electrical network, as well as favorable legislative reforms relating to electrification in grid-isolated areas, will drive market growth. The Global Overhead Line Conductors Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Overhead Line Conductors Market Definition

An overhead power line is a structure used in power transmission and distribution to transport electrical energy across long distances. It is made up of one or more uninsulated electrical wires hanging by towers or poles (usually multiples of three for three-phase electricity). One of the most significant components of overhead wires is the conductor. It is just as vital to choose the right type of conductor for overhead lines as it is to choose the right conductor size and transmission voltage. One of the fundamental goals of overhead power line design is to have enough space between energized conductors and the ground to avoid harmful contact with the line.

Overhead lines are now frequently operated at voltages of more than 765,000 volts between conductors, with even higher voltages achievable in some circumstances. A good conductor should have excellent electrical conductivity, great tensile strength to endure mechanical loads, a cheap cost without sacrificing many other attributes, and a low weight per unit volume. The aluminum conductor steel reinforced is the most often used transmission conductor (ACSR). All-aluminum-alloy conductors are also popular (AAAC). Aluminum is utilized because it is half the weight and half the price of a copper cable of equivalent resistance.

Global Overhead Line Conductors Market Overview

The global overhead line conductor market is experiencing significant growth, driven by various factors such as the demand for efficient power transmission and distribution systems, urbanization, and industrial growth. These conductors play a crucial role in transmitting electricity over long distances, and their market outlook can be analyzed based on various parameters. Overhead line conductors are essential for efficient long-distance power transmission. The ability to handle high electrical loads ensures the reliable transfer of electricity over extended distances. The growth of urban and industrial areas has led to an increased demand for electricity. Efficient power transmission systems are required to meet this demand, driving the market for overhead line conductors. Many regions, especially in the Asia Pacific, are investing in infrastructure development, including power grid expansion and modernization. This leads to a higher demand for overhead line conductors to support these projects.

The manufacturing and installation of overhead line conductors, especially those with steel cores, can have environmental impacts. This may lead to regulatory challenges and a shift towards more environmentally friendly alternatives. Setting up overhead power transmission lines, including the installation of a conductor, can involve significant initial capital expenditures. This may deter some regions or companies from adopting such systems. As the world shifts towards renewable energy sources, there is an opportunity to integrate overhead line conductors into renewable energy projects, facilitating the transmission of clean energy from remote locations to urban centers. Continued research and development can lead to the creation of more efficient and environmentally friendly conductor materials and designs, opening up new market opportunities.

Global Overhead Line Conductors MarketSegmentation Analysis

The Global Overhead Line Conductors Market is segmented on the basis of Type, Application, and Geography.

Overhead Line Conductors Market, By Type

• ACSR
• AAAC
• AACSR
• ACAR
• AAC
• Others

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Based on Type, ACSR conductor is the dominant type in the market due to their strength and conductivity, making them suitable for long-distance power transmission. Other types of conductors, such as aluminum alloy and composite conductors, may also find niche applications.

Overhead Line Conductor Market, By Application

• Extra High Voltage (345-800 kV)
• High Voltage (69-345 kV)
• Middle Voltage (1-69 kV)
• Low Voltage (less than 1kv)
• Ultra-high Voltage (>800 kV)

Based on Application, Transmission lines, particularly those in the Extra High Voltage (EHV) category, are a significant segment of the market. These lines are crucial for long-distance power transmission, especially in regions with developed electrical grids. The demand for such lines, often operating at 345 kV and above, is expected to increase as urban and industrial areas grow.

Overhead Line Conductors Market, By Geography

• Asia-Pacific
• North America
• Europe
• Latin America
• Middle East and Africa

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On the basis of regional analysis, the Global Overhead Line Conductors Market is classified into North America, Europe, Asia Pacific and Rest of the world. North America accounted for the largest market share in 2020 and the Asia Pacific was the second-largest market in 2020. The energy industry is the backbone of the U.S. economic sector, producing energy that empowers its people and businesses in global trade. Transport, water, emergency services, communications, and manufacturing represent a few key dependent elements of the downstream power grid.

Key Players

The “Global Overhead Line Conductors Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Southwire, Apar Industries, ZTT, Prysmian SpA, Henan Tong-Da Cable Co., Ltd., Nexans SA, SWCC Corp, Oman Cables, and Sumitomo Electric Industries among others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.• Provision of market value (USD Billion) data for each segment and sub-segment.• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis.• Provides insight into the market through the Value Chain.• Market dynamics scenario, along with growth opportunities of the market in the years to come.• 6-month post-sales analyst support.

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