Overhead Conductor Market Size, Share, Growth Report 2030

Overhead Conductor Market Size:

The global overhead conductor market size was worth around USD 709 Million in 2020 and is predicted to grow to around USD 1,232 Million by 2028 with a compound annual growth rate (CAGR) of roughly 3.1% between 2021 to 2028. The report offers assessment and analysis of the Overhead Conductor market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Million).

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Overhead Conductor Market: Overview

Overhead conductors are utilized for transmitting electrical energy from one power supplying networking system to another. Precisely, these products are used in power distribution & transmission of electric energy at vast distant locations. Apart from this, overhead conductors comprise more than one conductor suspended by towers and are critical parts in power sector. Furthermore, rise in demand for power supply due to exploding populace and surge in power transmission losses will prop up growth of overhead conductor industry during forecast timeline.

Overhead Conductor Market: Growth Dynamics

Increase in microgrid networking systems and availability of robust electric grid infrastructure facility supported by favorable government legislations will steer growth of overhead conductor industry during 2021-2028. In addition to this, growing use of software tools in power & energy industry will facilitate deployment of smart grids, thereby translating into a humungous surge in overhead conductor market size. A prominent increase in power consumption due to rising population will create demand for overhead conductors in near future. Rise in electrification of various towns & villages will favorably leverage industry landscape. With power utilities across various developed countries trying to develop gap conductor tools for improving transmission networking systems, the market for overhead conductor is projected to experience tremendous surge over forecast period. Need for electric products having extreme temperature bearing power capacity and necessity for retaining high power conducting features has transformed into massive growth of overhead conductor industry over assessment timeline.

Overhead Conductor Market: Report Scope

Overhead Conductor Market Regional Landscape

Asia Pacific Overhead Conductor Market To Witness Substantial Growth By 2028

The expansion of overhead conductor industry in Asia Pacific is projected to experience tremendous growth during 2021-2028 owing to renovations in electric grids as well as upgradation of distributed generation systems. In addition to this, escalating concerns pertaining to power security & decentralization of power generation tools will enhance market penetration in subcontinent. Need for refurbishing grid systems and acceptance of smart transmission & distribution systems will promulgate regional market scope.

Overhead Conductor Market Competitive Landscape

Key players profiled in report and leveraging market growth include

• 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
• Houston Wire & cable Company

The global Overhead Conductor Market is segmented as follows:

By Application

• Power Distribution
• Railways

By Voltage

• Low Voltage 
• Medium Voltage
• High Voltage

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa