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Overhead Conductor Market 2019-2024 | Leading Players are ZTT INTERNATIONAL, General Cable, Sumitomo Electric Wiring Systems, Inc., Southwire Company, Sterlite, Nexans, Prysmian Group, 3M, Oman Cables Industry SAOG, Midal Cables Ltd, alfanar, CABCON, Jedd
Overhead Conductor Market
Favorable government directives toward the expansion of cross border networks in line with increasing refurbishment and revamping of existing transmission infrastructure will drive the overhead conductor market. In 2017, Georgia received funding from European Investment Bank (EIB) and European Bank for Reconstruction and Development (EBRD), for the construction of cross border electricity interconnector project that will allow the export of electricity to countries including Turkey and Europe having high energy demand. Overhead Conductor market is anticipated to reach over USD 800 million by 2024.
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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.
In 2017, ACSR held over 50% share of the conventional overhead conductor market. Efficient conductivity, effective tensile strength along with lower expansion coefficient are key parameters driving the product penetration. Furthermore, standardization of a majority of conductors have been taking place as there is no single "wonder material" that will energize the industry landscape.
Feasibility across utility facilitated transmission lines and large capacity industrial deployments will augment the high strength overhead conductor market. These units attain extensive installation across various transmission infrastructure requiring relatively higher ampacity supply. Furthermore, improved conductivity, low impedance in line with operational flexibility will further strengthen the product penetration.
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Ultra-high-tension overhead conductor market will grow 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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. LAMIFIL
2. ZTT
3. Sumitomo
4. Sterlite
5. Neccon
6. LUMPI BERNDORF
7. Nexans
8. Diamond Power Infrastructure
9. General Cable
10. Gulf Cable
11. 3M
12. CAFCA
13. KEI
14. Oman Cables
15. Taihan
16. Midal
17. Prysmian
18. Alcon
19. Alfanar
20. CABCON
21. Coreal
22. Tropical Cable
23. Riyadh Cables
24. Jeddah
25. Southwire
26. Special Cables
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Asia Pacific overhead conductor market is anticipated to grow over 2% by 2024. Economic escalation on account of rapid commercialization and massive fund allocation across the industrial and utility-based systems will thrust the product demand.
Favorable shift toward the expansion and advancement of large scale overhead electric units will further propel the industry growth. In addition, regulatory measures to reduce the existing transmission & distribution losses has bound the installers to focus on effective and reliable product development.
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