About Overhead Conductor
Overhead conductor is refer as a conductor used in overhead power lines. A conductor is one of the most important components of overhead lines. Selecting a proper type of conductor for overhead lines is very important. The overhead conductor is a physical medium used to convey electrical vitality crosswise over two bordering power network. These movements effectively from particle to particle with the assistance of voltage. The overhead conductors are used in electric power transmission and power distribution to transmit electricity along long distance. The overhead conductor comprises of more than one conductors suspended by poles or towers.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.75% |
The market is highly fragmented with the presence of various players in the market. Some of the key strategies followed by the players operating in the market were innovation, product development, acquisition, and expansion. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Overhead Conductor market throughout the forecasted period. 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.
3M (United States), Sumitomo Electric Industries (Japan), ZTT (China), APAR Industries (India), General Cable (Prysmian Group) (United States), LAMIFIL (Belgium), Nexans (France), Neccon Power & Infra (India), CTC Global (United States), LUMPI BERNDORF (Austria) and Taihan Electric Wire (South Korea) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Overhead Conductor market by Type (AAC : All Aluminium Conductor, AAAC : All Aluminium Alloy Conductor, ACSR : Aluminium Conductor, Steel Reinforced, ACAR : Aluminium Conductor, Alloy Reinforced and Copper Conductor), Application (Power Distribution and Railways) and Region.
On the basis of geography, the market of Overhead 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 Nature, the sub-segment i.e. Conventional will boost the Overhead Conductor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Voltage, the sub-segment i.e. Low Voltage will boost the Overhead Conductor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Copper will boost the Overhead Conductor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Expansion of smart grid networks and Increase in demand for the production of green products
Market Growth Drivers:
Stringent energy efficiency reforms and Increasing demand for up-gradation & revamping of conventional grid transmission sub-structures
Challenges:
Slow paced technological evolution across developing regions and High dependency on imports
Restraints:
Shortage of high skilled labor to handle ultra-high overhead conductors
Opportunities:
Increasing electricity demand and Integration of a sustainable electrical network
Market Leaders and their expansionary development strategies
In September 2021, A consortium of Sumitomo Electric Industries, Ltd. (Sumitomo Electric) and Siemens Energy AG (Siemens Energy) has signed a contract with Greenlink Interconnector Limited (Greenlink) for the design, engineering, procurement, production, construction and commissioning of a high-voltage direct current (HVDC) subsea/underground electricity interconnector cable, with associated converter stations, that will link the existing electricity grids in Ireland and the United Kingdom with a nominal capacity of 500MW.
In June 2019, The Prysmian Group, the world's largest cable manufacturer, is expanding its portfolio with the Draka UC400 23 Cat.6 U/UTP LSHF D64 Cca network cable. The newly developed cable from BU Multimedia Solutions reliably and comprehensively meets all equirements of the European fire protection class Cca s1a d1 a1 of the Contruction Products Regulation (CPR).
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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.