Global Overhead Conductor Market Size was USD 660 million in 2017 and is predicted to surpass USD 850 million by the end of 2025. An overhead conductor is a medium which can carry electricity in between two various network junctions and also capable of transmit energy across long distances. This consists of more than one electrical conductor, that is suspended by towers or poles. Overhead conductors are an essential component of the energy & power industry as they are used very frequently. The overhead conductors market is expected to witness significant growth prospects, in the forecast period 2018 - 2025. The overhead conductor market size is predicted to reach over 1.25 million ckt km by 2025.

Global Overhead Conductor Market Size was USD 660 million in 2017 and is predicted to surpass USD 850 million by the end of 2025.

The overhead conductors market size is expected to witness an escalation owing to the growing demand for refurbishment & revamp of existing transmission networks coupled with favourable regulatory reforms towards expansion of cross-border networks.

Rising regulatory measures regarding accruing losses in transmission lines across the world will enhance the overhead conductor market. Moreover, ongoing reforms pertaining to energy efficiency coupled with the integration of smart networking technologies will further lead to the enhancement of the existing transmission networks.

Furthermore, grid integration of renewable technologies coupled with the ongoing expansion of cross-border transmission networks will further complement the industry outlook. Besides this, supportive policy reforms that can effectively trigger sectoral reforms, will further lead to an escalation in the growth of the power industry.

Despite the phenomenal growth in generation capacity, numerous countries across the globe are prone to the power deficit situation. Transmission and aggregate technical and commercial losses across the nations will result in a huge overall deprivation in terms of energy & revenue realization which in turn fuel the integration of sustainable transmission components.

MARKET SEGMENTATION, BY PRODUCT

ACSR in 2017 accounted for over 50% share of the global conventional overhead conductor market share. Effective conductivity, lower expansion coefficient coupled with sustainable tensile strength have been few indispensable parameters driving the product adoption. Furthermore, a clear majority of conductors have been homogeneous as there has been no single “wonder material” defining the industry dynamics. 

AAAC in the recent years has been readily installed across new & refurbished electric transmission lines. The conductors made up of this alloy exhibit similar dimensions as an ACSR, lighter, stronger, and more conductive although these tend to be more expensive and possess a higher expansion coefficient. These conductors are made basically of steel, aluminium & aluminium alloys.

MARKET SEGMENTATION, BY VOLTAGE

132 kV to 220 kV overhead conductor market is estimated to gain over 1.6% till 2025. Ongoing urbanization and commercial establishments coupled with rapid expansion of high tension transmission networks will positively influence the business outlook. These conductors have attained a strong market penetration subject to comparatively large unit installations for a defined transmission capacity.660 kV overhead conductors in the recent years and have witnessed significant proliferation subject to the ongoing expansion of ultra-high-tension transmission lines to sustain losses accrued from the long-route electrical supply.

Lower sagging, less utilization of conductor materials, and effective long-distance transmission of electricity are the few indispensable parameters evaluated to justify the product demand. Growing inclination towards the adoption of HVDC transmission networks to cater cross-border electricity demand will further embellish the overhead conductor market business scenario.

MARKET SEGMENTATION, BY RATED STRENGTH

Extra high strength overhead conductor market is predicted to cross over 1 million ckt km by 2025. Sustainable feasibility across large capacity industrial establishments and utility aided transmission networks will positively impact the market growth. These products gain appreciable applicability across transmission lines requiring comparatively higher ampacity spread across a wide regional spectrum. Ultra-high-strength owing to effective long-distance transmission capacity coupled with lower line losses will witness strong growth in the years to come. Lower conducting losses, efficient operational feasibility, and longer lifespan justify the product penetration across the global overhead conductor market size.

MARKET SEGMENTATION, BY CURRENT

HVAC have gained significant penetration on account of higher conductor integration for a specified transmission distance when compared to HVDC networks. Furthermore, lower terminal cost coupled with ease-of-voltage transformation across these circuits foster the deployment of HVAC transmission lines which in turn will positively influence the product demand. Lesser conductor requirement when compared to HVAC networks will stimulate the HVDC overhead conductor market growth. However, lower losses, better controllability, effective asynchronous interconnection, and negligible short-circuit current pose an immense potential for these products over the forecast period.

MARKET SEGMENTATION, BY END-USE

High tension overhead conductor market is set to grow over nearly 1% by 2025. Ongoing industrial expansion coupled with favourable regulatory reforms towards the refurbishment and revamping of existing electric transmission networks will drive the industry growth. In addition, rapid technological enhancements along with growing inclination towards energy efficiency will further enhance the product penetration. Ultra-high-tension subject to rising investments from state-owned utilities towards the expansion of cross border transmission networks coupled with reduced line losses and higher ampacity will boost the business landscape. The product is anticipated to witness an appreciable growth subject to increasing HVDC transmission networks along with growing focus to integrate a sustainable electricity system.

MARKET SEGMENTATION, BY REGION

Rapid industrial expansion coupled with ongoing urbanization across developing economies of Asia Pacific & Africa have instituted a favourable business layout. Asia Pacific overhead conductor market is set to witness growth of over 2% by 2025. Economic proliferation owing to rapid commercialization and investments across the industrial and utility-based electrification will complement the industry outlook. In addition, regulatory inclination toward the existing transmission losses has compelled installers to focus on effective and reliable product development. The Europe overhead conductor market will witness an appreciable escalation subject to stringent energy efficiency protocol coupled with growing share of electricity from renewable sources. Regulators with an aim to establish a sustainable network have been channelizing investments to support its electricity generation, transportation and distribution networks. The China overhead conductor market is anticipated to witness growth over 1% by 2025. The European Energy Efficiency Directive (2012/27/EU) maps grid energy efficiency, losses, operational efficiency improvement potential, and similar parameters to enhance the effectivity of the existing grid infrastructure, which would be one of the key driving factors to the global overhead conductor market.

KEY COMPETITORS IN THE OVERHEAD CONDUCTOR MARKET

Some of the key competitors in the overhead conductor market include ZTT, Prysmian, Sumitomo, APAR, LAMIFIL, Neccon, Nexans, CTC, General Cable, 3M, Taihan, Midal, Alfanar, Sterlite, Coreal, Versalec, Gulf Cable, KEI, LS Cable, Jeddah, SWCC, Oman Cables, Elsewedy, Bekaert, etc.