About Heat Resistant Alloy Conductor
Heat Resistant Aluminum Alloy, which is generally known as TAL. It can be safely operated continuously above 150oC enabling to pump more current through the conductor. Where there is a need to transmit higher power but restrictions on getting new power corridors approved, various types of thermal aluminum conductors are one of the best creative solution options to utilities. It is used for electricity transmission, telecommunication. Increasing demand for electricity is driving the heat resistant alloy conductor market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is currently dominated by the well-established global players. To gain market shares, the regional or local players are focusing on improving their products in terms of quality, features, functionalities, and services. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
General Cable (United States), Southwire Company (United States), Nexans (France), Apar Industries (India), Hengtong Group (China), Sumitomo Electric Industries (Japan), LS Cable (South Korea), Tongda Cable (China), Qingdao Hanhe Cable (China) and Saudi Cable Company (Saudi Arabia) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are K M Cables & Conductors (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Heat Resistant Alloy Conductor market by Type (TACSR, TACSR /AW, STACIR /AW, TACSR /TW and Others), Application (Bare Overhead Transmission Conductor, Primary and Secondary Distribution Conductor, Messenger Support and Others) and Region.
On the basis of geography, the market of Heat Resistant Alloy Conductor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Diatribution Channel, the sub-segment i.e. Online will boost the Heat Resistant Alloy Conductor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Improved Grid Flexibility and Reliability and Growing Demand for High-Temperature Superconducting Cables
Market Growth Drivers:
Increasing Demand for Upgradation of Conventional Grid Transmission and Increasing Demand for Electricity in Emerging Economies
Challenges:
Competitive Market Scenario
Restraints:
Fluctuating Prices of Raw Material
Opportunities:
Development of Smart Grids and Increase in Demand of Submarine Power Cables
In November 2021, Sumitomo Electric Industries, Ltd. will supply newly developed 61%IACS Conductivity Thermal Resistant Aluminum Alloy Conductor High Corrosion Resistant Aluminum-Clad Steel Reinforced (hereinafter, 61TACSR/HRAC) from December, 2021 to Japanese transmission network. With improved manufacturing processes of aluminum alloy, we achieved not only to maintain its thermal resistant properties but also to improve its conductivity.
Key Target Audience
Manufacturers of Heat Resistant Alloy Conductor, Suppliers of Heat Resistant Alloy Conductor, Wholesalers, Distributors and Retailers of Heat Resistant Alloy Conductor, Industry Association and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.