Overhead Conductor Market to Register 10.8% CAGR Up to 2025: Global Market Insights, Inc.
The U.S. overhead conductor market revenue exceeded USD 40 million in 2018 and is expected to achieve double digit growth rate from 2019 to 2025 owing to growing demand for the revamping & upgradation of the conventional electric grid network.
SELLBYVILLE, Del., March 21, 2019 /PRNewswire/ -- Overhead conductor market across Europe will observe growth on account of strict energy efficiency measures along with rising share of electricity through renewable sources. Regulators with an objective to develop a sustainable electricity network have been channelizing investments to serve their networks for power generation, distribution and transmission. EU's policy aims to restructure and invest towards a sustainable power transmission infrastructure to meet renewable energy requirements and serve the growing power demand.
Global Overhead Conductor Market is expected to exceed USD 950 million by 2025, as reported in the latest study by Global Market Insights, Inc. Positive regulatory inclination toward the refurbishment & revamping of cross border electricity networks supported by increasing demand for upgradation of existing transmission systems will boost the global market size. Favorable government initiatives in association to positive sectoral reforms adhered by ongoing economic upsurge have further augmented the industry landscape. Aggregate technical & commercial losses (AT&C) coagulated by increasing transmission losses, result in shortage in terms of revenue realization and energy which in turn will nurture the adoption of effective transmission components.
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> 660 kV units in the current industrial regime, have witnessed considerable growth pertaining to rapid development of ultra-high-tension electrical transmission infrastructure to curtail losses emerging from the long-distance electricity transmission. Efficient long-route transmission, limited utilization of conductor components and lower sagging are key parameters evaluated to affirm rise in the product demand. In addition, shifting inclination for the installation of HVDC power transmission network to cater cross-border energy transition will positively influence the overall market.
Ultra-High-Tension overhead conductor market will attain impetus owing to reduced power line losses, higher ampere capacity and growing fund flow from state-owned utilities toward the development of cross border transmission system. Furthermore, considerable establishment of HVDC power transmission network in line with paradigm shift towards integration of renewable energy will boost the industry landscape.
Browse key industry insights spread across 930 pages with 1420 market data tables & 56 figures & charts from the report, "Overhead Conductor Market Size By Product (Conventional Conductors {ACSR, AAAC, ACAR, AACSR, AAC}, High Temperature Conductors {Tal, ZTAl}, Others {ACFR, ACCR, ACCC, CRAC, Gap Conductors}), By Voltage (132 kV to 220 kV, 221 kV to 660 kV, > 660 kV), By Rated Strength (High Strength {10 kN to 75 kN}, Extra High Strength {76 kN to 150 kN}, Ultra High Strength {> 150 kN}), By Current (HVAC, HVDC), Application (High Tension, Extra High Tension, Ultra High Tension), Industry Analysis Report, Regional Analysis (U.S., Canada, Mexico, UK, France, Italy, Germany, Sweden, Russia, Spain, China, Japan, South Korea, India, Australia, Indonesia, New Zealand, Malaysia, UAE, Saudi Arabia, Qatar, Kuwait, Oman, Turkey, South Africa, Egypt, Nigeria, Brazil, Peru, Chile, Argentina), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/overhead-conductor-market
High strength (HS) overhead conductor market by 2025, will surpass an annual installation of 60 '000 km. Large scale industrial deployment along with viability across utility driven transmission grid will stimulate the industry growth. These units gain installation across diverse transmission infrastructure which comparatively require higher ampacity across the high-scale regional transmission network.
Positive regulatory measures toward the upgradation & retrofitting of existing power transmission system in line with rapid industrial expansion will augment the global overhead conductor market share. Moreover, ongoing technological developments coupled with utility inclination towards an energy efficient environment will positively influence the product penetration.
Prominent overhead conductor market players include Sumitomo, ZTT, APAR, Nexans, CTC, General Cable, Prysmian, LUMPI BERNDORF, Special Cables, LAMIFIL, 3M, Taihan, Midal, Neccon, Gupta Power, Diamond Power Infrastructure, KEI, Jeddah, Oman Cables, Galaxy, SWCC, Alcon, Bekaert, Southwire, CABCON, China Top Cable Arrow, and Kelani.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Overhead Conductor Market Global Forecast 2025
The worldwide overhead conductor market is expected to surpass USD 950 million by 2025 supported by increasing focus toward refurbishment & retrofit of existing grid infrastructure.
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Overhead Conductor Market Size
SOURCE Global Market Insights, Inc.
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