Press release
Overhead Line Product Market Shows Booming Growth with Surprising Transition in Coming Decade 2024 - 2031 | Nexans, Prysmian Group, General Cable
Overhead Line Product Market
Overhead line product Market size is valued at US$ 19.78 Bn in 2024 and is expected to reach US$ 31.55 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.
Market Dynamics:
The overhead line products market is projected to witness significant growth owing to rising investments in development and enhancement of transmission and distribution networks across emerging economies such as India, China and Africa. According to International Energy Agency (IEA), over $17 trillion of investments are required in electricity networks globally between 2018-2040. In addition, increasing focus on rural electrification programs is also driving the demand for overhead line products as these networks rely heavily on overhead lines for distribution of electricity in remote areas. Adoption of advanced materials such as composite insulators and conductors enabling higher ampacity and durability is further augmenting the market growth.
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Growing need for grid expansion and renewable energy integration is a major market driver
With the ongoing energy transition and targets for increasing share of renewable energy, there is a growing need for expanding the electricity transmission and distribution infrastructure around the world. Renewable energy sources like solar and wind are intermittent in nature and their integration into the grid poses technical challenges. This is driving increased investments into upgrading the existing overhead line infrastructure as well as establishing new transmission lines. Overhead line products such as conductors, insulators, fittings and accessories see higher demand with every new transmission line project.
Growing adoption of smart grid technologies opens new opportunities
The global shift towards development of smart grids provides a significant opportunity for overhead line product manufacturers. Integration of monitoring, sensing and data communication technologies into transmission and distribution networks requires modernization of grid infrastructure. This fosters demand for advanced overhead line components compatible with smart grid applications. Conductors integrated with fiber optics, dynamic line rating systems, distributed temperature sensing and other intelligent technologies offer new avenues for growth. Collaboration with smart grid solution providers can help overhead line industry capture this promising emerging market.
Rise of underground cabling brings transformational change in trends
A major transformational trend impacting the overhead line product market globally is the increasing adoption of underground cabling especially for distribution networks. Driven by factors like urban densification, public pressure and asset life extension needs - many utilities are transitioning from aerial lines to underground cabling. While this declines the scope for conventional overhead lines, it presents an opportunity for product manufacturers to develop solutions for underground applications. Adapting component designs and developing underground cabling installation expertise would help align with changing market trends in the long run.
Top Companies Featured in This Report:
★ Nexans
★ Prysmian Group
★ General Cable
★ Sumitomo Electric Industries
★ Encore Wire
★ Finolex Cables
★ KEI Industries
★ Polycab Wires
★ APAR Industries
★ Sterlite Technologies
★ Gupta Power
★ Diamond Power Infrastructure
★ Kalpataru Power Transmission
★ SAE Towers
★ ZTT
★ Midal Cables
★ J Power Systems
★ Super Solutions
★ KEI Power
★ Skipper
Market Segmentation:
By Product Type:
★ By Product Type: Overhead Conductors, Overhead Power Cables, Transmission Towers, Pole Structures, Insulators, Others
★ By Voltage Range: Low Voltage, Medium Voltage, High Voltage, Extra High Voltage, Ultra High Voltage, Others
★ By End User: Power Transmission, Power Distribution, Rail Electrification, Others
★ By Material: Aluminum, Copper, Steel, Composite, Others
★ By Installation: Aboveground and Underground
Key Regions/Countries are Classified as Follows:
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
South America (Brazil, Argentina, Rest of SA)
Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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Reasons to Obtain Our Comprehensive Market Report:
• Conduct an extensive analysis of various aspects of the Overhead Line Product Market utilizing Porter's Five Forces framework.
• Gain insights into the growth rate and market shares of different product types and applications/end-users within the Overhead Line Product Market.
• Explore the Overhead Line Product Market dynamics across different regions through comprehensive regional analysis.
• Assess the impact of Covid-19 on the Overhead Line Product Market with a meticulous research approach.
• Stay updated on the latest developments, market shares, and strategies of key market players within the Overhead Line Product Market.
• Delve into a thorough evaluation of the market strategies, geographical presence, and business segments of the top players in the Overhead Line Product Market.
• Anticipate key challenges, product advancements, and solutions that may influence the market's progression and threats.
Key Questions Answered:
• What was the size of the Overhead Line Product Market in 2021, and what will it be worth by 2030?
• What is the current global scenario for the Overhead Line Product Market?
• What are the optimal business strategies for maximizing growth potential?
• What are the recent trends in the Overhead Line Product Market?
• What is the market share in terms of revenue, sales, and size in specific geographical regions?
• Who are the key industry players in the Overhead Line Product Market?
• Which segments of the Overhead Line Product Market are in high demand?
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