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 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 upgradation & revamping of conventional grid transmission sub-structures are the major growth factors 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 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 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 ultra-high tension.
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 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.
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