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From 2024–2031, the Overhead Conductor Market is expected to grow from an initial size of over USD 666 million, a compound annual growth rate (CAGR) of over 7%. Industry expansion will be driven by the increasing demand for electricity globally.
Humans cannot function without electricity. As the global population grows and living standards improve, the demand for electricity is expected to continue climbing. Over the next half-century, power consumption per capita is projected to rise. Every nation's progress depends on its access to a steady and dependable power grid. When it comes to transferring and distributing electricity, an overhead conductor is a crucial and ubiquitous component. In order to transfer and distribute electricity, an overhead conductor is necessary.
A major factor in the cost of power is the layout of an overhead conductor. Electrical conductivity should be at its highest for the cable running overhead. For mechanical stresses to be tolerated, it must possess the tensile stress-bearing capacity. The overhead cable should be lightweight in relation to its volume to reduce sagging to a minimum. The safe transmission of power depends on the overhead conductor being properly insulated. The cable hanging from the sky needs to be resistant to corrosion and harsh weather. It is essential for overhead cable infrastructure to optimize the cable length, cable construction, and material selection.
A material is considered an electric conductor if it can carry electrical current. The term "overhead conductors" describes the material that carries electrical current between two neighboring power networks. With the aid of voltage, they can readily move from one atom to another. When distributing and transmitting electricity, overhead conductors are used to carry the current across large distances. A single or more conductors held aloft by towers or poles make up the overhead conductor. The distribution and transmission of electric power are carried out by overhead cables, which are essential components of the power sector.
One major factor fueling the expansion of the overhead conductor market is the spike in demand for environmentally friendly products. Developing cables and wires that have a less detrimental impact on the environment is the primary focus of manufacturers of overhead conductors. The shortage of trained workers and concerns about their safety are the main obstacles preventing the overhead conductor business from expanding. The industrial costs of the overhead conductors are being mitigated by new technological breakthroughs and inventions.
Power supply networking systems use overhead lines to transfer electrical energy from one system to another. To be more specific, these goods facilitate the transmission and distribution of electrical power over long distances. Overhead conductors, which are essential components of the electricity sector, consist of multiple conductors that are suspended by towers. In addition, the prediction timeline shows that the overhead conductor industry would see development due to factors such as an increase in power transmission losses and a rise in demand for power supply caused by a rapidly expanding population.
From 2021 to 2028, the overhead conductor sector is expected to be driven by the rise of microgrid networking systems and the availability of strong electric grid infrastructure facilities, both of which are backed by supportive government legislation. Also, smart grid deployment will be made possible by the increasing usage of software tools in the power and energy business, which will lead to a massive increase in the size of the overhead conductor market. Overhead conductors will soon be in high demand due to a dramatic rise in power consumption caused by a growing population. Various towns and villages will be more electrified, which will have a positive impact on the industry.
The power utilities in developed nations are aiming to improve transmission networking systems by developing gap conductor tools, which is expected to lead to a significant spike in the demand for overhead conductor throughout the projection period. The huge rise of the overhead conductor sector over the assessment timeline may be attributed to the need for electric items with extreme temperature bearing power capacity and the demand to retain high power conducting features.
Report Coverage
Global Overhead Conductor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Overhead Conductor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Overhead Conductor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Overhead Conductor market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Overhead Conductor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Overhead Conductor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Sumitomo Electric Industries, Midal Cables, Alfanar Group, Alcon Marepha, Galaxy Transmissions, KEI Industries, Tratos, Huadong Cable, Aberdare Cables, Lumpi-Berndorf Draht-und Seilwerk GmbH, Trefinasa, Lumino Industries, and Houston Wire & cable Company.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Overhead Conductor market based on the below-mentioned segments:
Global Overhead Conductor Market, By Type
Conventional
High Temperature
Others
Global Overhead Conductor market, By Application
High Tension Conductor
Extra High Tension Conductor
Ultrahigh Tension Conductor
Global Overhead Conductor Market, By Voltage
132 kV to 220 kV
221 kV to 660 kV
Above 660 kV
Global Overhead Conductor market, Regional Analysis
Humans cannot function without electricity. As the global population grows and living standards improve, the demand for electricity is expected to continue climbing. Over the next half-century, power consumption per capita is projected to rise. Every nation's progress depends on its access to a steady and dependable power grid. When it comes to transferring and distributing electricity, an overhead conductor is a crucial and ubiquitous component. In order to transfer and distribute electricity, an overhead conductor is necessary.
A major factor in the cost of power is the layout of an overhead conductor. Electrical conductivity should be at its highest for the cable running overhead. For mechanical stresses to be tolerated, it must possess the tensile stress-bearing capacity. The overhead cable should be lightweight in relation to its volume to reduce sagging to a minimum. The safe transmission of power depends on the overhead conductor being properly insulated. The cable hanging from the sky needs to be resistant to corrosion and harsh weather. It is essential for overhead cable infrastructure to optimize the cable length, cable construction, and material selection.
A material is considered an electric conductor if it can carry electrical current. The term "overhead conductors" describes the material that carries electrical current between two neighboring power networks. With the aid of voltage, they can readily move from one atom to another. When distributing and transmitting electricity, overhead conductors are used to carry the current across large distances. A single or more conductors held aloft by towers or poles make up the overhead conductor. The distribution and transmission of electric power are carried out by overhead cables, which are essential components of the power sector.
One major factor fueling the expansion of the overhead conductor market is the spike in demand for environmentally friendly products. Developing cables and wires that have a less detrimental impact on the environment is the primary focus of manufacturers of overhead conductors. The shortage of trained workers and concerns about their safety are the main obstacles preventing the overhead conductor business from expanding. The industrial costs of the overhead conductors are being mitigated by new technological breakthroughs and inventions.
Power supply networking systems use overhead lines to transfer electrical energy from one system to another. To be more specific, these goods facilitate the transmission and distribution of electrical power over long distances. Overhead conductors, which are essential components of the electricity sector, consist of multiple conductors that are suspended by towers. In addition, the prediction timeline shows that the overhead conductor industry would see development due to factors such as an increase in power transmission losses and a rise in demand for power supply caused by a rapidly expanding population.
From 2021 to 2028, the overhead conductor sector is expected to be driven by the rise of microgrid networking systems and the availability of strong electric grid infrastructure facilities, both of which are backed by supportive government legislation. Also, smart grid deployment will be made possible by the increasing usage of software tools in the power and energy business, which will lead to a massive increase in the size of the overhead conductor market. Overhead conductors will soon be in high demand due to a dramatic rise in power consumption caused by a growing population. Various towns and villages will be more electrified, which will have a positive impact on the industry.
The power utilities in developed nations are aiming to improve transmission networking systems by developing gap conductor tools, which is expected to lead to a significant spike in the demand for overhead conductor throughout the projection period. The huge rise of the overhead conductor sector over the assessment timeline may be attributed to the need for electric items with extreme temperature bearing power capacity and the demand to retain high power conducting features.
Report Coverage
Global Overhead Conductor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Overhead Conductor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Overhead Conductor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Overhead Conductor market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Sumitomo Electric Industries, Midal Cables, Alfanar Group, Alcon Marepha, Galaxy Transmissions, KEI Industries, Tratos, Huadong Cable, Aberdare Cables, Lumpi-Berndorf Draht-und Seilwerk GmbH, Trefinasa, Lumino Industries, and Houston Wire & cable Company. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Overhead Conductor Market from 2021 to 2031.
- Market Forecast for Overhead Conductor Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Overhead Conductor competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Overhead Conductor
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Overhead Conductor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Overhead Conductor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Sumitomo Electric Industries, Midal Cables, Alfanar Group, Alcon Marepha, Galaxy Transmissions, KEI Industries, Tratos, Huadong Cable, Aberdare Cables, Lumpi-Berndorf Draht-und Seilwerk GmbH, Trefinasa, Lumino Industries, and Houston Wire & cable Company.
Primary Target Market
- Market Players of Overhead Conductor
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Overhead Conductor market based on the below-mentioned segments:
Global Overhead Conductor Market, By Type
Conventional
High Temperature
Others
Global Overhead Conductor market, By Application
High Tension Conductor
Extra High Tension Conductor
Ultrahigh Tension Conductor
Global Overhead Conductor Market, By Voltage
132 kV to 220 kV
221 kV to 660 kV
Above 660 kV
Global Overhead Conductor market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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