A recent report published by Infinium Global Research on overhead
conductor market provides an in-depth analysis of segments and sub-segments in the
global as well as regional overhead conductor market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional overhead conductor market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecast and dollar
values of the global overhead conductor market. According to the report, the global
overhead conductor market is projected to grow at healthy CAGR over the
forecast period of 2019-2025.
Advanced design and technology trend in cables and conductors are
centered on reducing on right way requirement as well as increasing the current
carrying capacity of transmission lines. Transmission & distribution
utilities are increasingly installing compact transmission lines due to
constrained urban areas. New conductors are being deployed for carrying higher
currents and to allow higher temperature ratings. The trend of high-temperature
low slag (HTLS) conductors are increasing that is characterized by high
temperature and greater ampacity than conventional conductors. A gas-insulated
line (GIL) comprises aluminum conductors supported by sealed tubes pressurized
by gas such as nitrogen and SF6 as the main insulation.
Increasing demand for up-gradation & revamping of conventional
grid transmission sub-structures is the major growth factor of the overhead
conductor market. Furthermore, factors such as an increase in demand for the
production of green products, favorable government initiatives in association
with positive sectoral restructurings, and ongoing technological developments
over the energy sector are the other driving factors of the market. The demand for
the overhead conductor is increasing due to its use in electric power
transmission and distribution to transmit electrical energy along with large
distances. Positive government measures toward the establishment of cross
border electrical networks are fueling the growth of the market. However, the
shortage of high skilled labor to handle ultra-high overhead conductors and
safety issue is restraining the growth of the market. Moreover, the government
plans to invest heavily in the replacement of electric infrastructure provides
lucrative growth opportunities for the market players.
Geographically, North America dominates the global overhead
conductor market owing to the U.S. Government plans to its infrastructure and
produce eco-friendly energy distribution and transmission control systems.
Asia-Pacific is the second-largest market for the overhead conductor due to
significant investment in the manufacture of environment-friendly overhead
conductors by countries such as India, China, and Japan in this region.
The report on the global overhead conductor market covers segments
such as product, current, and applications. On the basis of product, the
sub-markets include conventional, high temperature, and other products. On the
basis of current, the sub-markets include HVAC, and HVDC. On the basis of
applications, the sub-markets include high tension, extra high tension, and
The report provides profiles of the companies in the market such
as General Cable, Nexans, Southwire, Midal Cables, Prysmian Group, Sumitomo
Corporation, ZTT International Limited, Apar Industries Ltd., Lumpi-Berndorf
Draht- und Seilwerk GmbH, Special Cables Pvt. Ltd., and other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the overhead
conductor market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.