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Ultra-high-tension overhead conductor market will surge 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.The Overhead Conductor Market is expected to cross USD 800 Million by 2024, as reported in the latest study by Global Market Insights, Inc. Positive regulatory mandates toward the upgradation of cross border electric infrastructure in line with rising demand for retrofitting & refurbishment of ageing transmission network will propel the overhead conductor market share. Favorable policy interventions along with positive sectoral reforms favored by rapid economic growth have further complemented the energy industry share. Aggregate technical & commercial coagulated by growing transmission losses, result in deficiency in terms of energy and revenue realization which in turn will thrust the integration of efficient transmission components.
Europe overhead conductor market will witness escalation on account of stringent energy efficiency mandates coupled with increasing share of electricity from sustainable energy sources. Government with an aim to establish a reliable energy infrastructure have been channelizing investment to cater their networks for electricity generation, transmission & distribution. EU’s policy objectives include investment and restructuring towards a reliable grid network to fit renewable resources and fulfil the increase in energy demand.
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> 660 kV units in the recent years, have observed substantial growth on account of the ongoing expansion for ultra-high-tension transmission networks to endure losses accrued from the long-distance power supply. Less utilization of conductor materials, lower sagging and effective long-route transmission of electricity are essential factors evaluated to strengthen the product penetration. Shifting focus towards the adoption of HVDC transmission network to meet cross-border electricity demand will further complement the global overhead conductor market.
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.
High strength overhead conductor market will exceed yearly installation of 50 ‘000 km by 2024. Large capacity industrial installations and viability across utility aided transmission lines will positively stimulate the industry outlook. These units witness substantial installation across various transmission networks requiring comparatively higher ampacity across the large-scale regional grid infrastructure.
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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.
Contact Info:
Name: Arun Hegde
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Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/pressrelease/overhead-conductor-market
Release ID: 452619