Market Overview:
OPGW (Optical Ground Wire) is primarily used by the electric utility industry, placed in the secure topmost position of the transmission line where it “shields” the all-important conductors from lightning though providing a telecommunications path for internal as well as third party communications. It is designed to swap the traditional shield or earth wires on overhead transmission lines with optical fibers which can be used for telecommunications purposes. It is capable of bearing the mechanical pressures that are applied to overhead cables by environmental factors such as wind and ice and it also handle electrical faults on the transmission line by providing a track to ground without damaging the sensitive optical fibers inside the cable. The OPGW cable are placed at the ends of high-voltage towers, it safeguards the high-voltage conductors from lightning strikes and its conductive part serves to bond adjacent towers to earth ground.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Prysmian Group (Italy), ZTT International (China), Fujikura Cable Corporation (Jordan), Furukawa Electric Co., Ltd. (Japan), Elsewedy Electric (Egypt), Sumitomo Electric Industries Ltd. (Japan), LS Cable & System (South Korea), Sterlite Technologies Ltd. (India), Tongguang Cable (China), Shenzhen SDG (China), Furukawa (Japan) and Sichuan Huiyuan (China) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Manufacturers of OPGW (Optical Ground Wire) Market Study:
Prysmian Group (Italy), ZTT International (China), Fujikura Cable Corporation (Jordan), Furukawa Electric Co., Ltd. (Japan), Elsewedy Electric (Egypt), Sumitomo Electric Industries Ltd. (Japan), LS Cable & System (South Korea), Sterlite Technologies Ltd. (India), Tongguang Cable (China), Shenzhen SDG (China), Furukawa (Japan) and Sichuan Huiyuan (China)
OPGW (Optical Ground Wire) Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Wind Tunnel, Resisting Radio and Electricity Supply |
Type | Layer Stranding Structure and Loose Tube Structure |
Capacity | Below 220KV,220KV-500KV,Above 500KV |
Influencing Trend:
Increasing Adoption of OPGW Cables by Electric Utility Companies and Development of Smart Energy Management Systems
Market Growth Drivers:
High Demands for Efficient Electricity and High-Speed Internets and Growing the Transmission and Distribution Channel
Challenges:
Design Complexities Associated With the OPGW Cable Equipment
Restraints:
High Cost of Installation
Opportunities:
Increasing R&D Investments for Strengthening Infrastructures
Some of the other players that are also part of study are Taihan Electric Wire Co., Ltd. (South Korea), Tratos (Italy), J-Power Systems (Japan) and NKT Cables (Denmark). The Global OPGW (Optical Ground Wire) market is gaining huge competition due to involvement of Chinese and Japanese companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
March 19, 2019: Prysmian to develop turn-key export & inter-array cable connections for the first 66 kV offshore floating wind farm. The system to be supplied includes 3 km of submarine dynamic inter-array cables and 19 km of export cables for a total of 22 km, in addition to the land cables for a route of 9 km. and March 22, 2019: LS Cable & System launches AMP cable to help reduce fine particles. This cable is used to supply necessary electricity from shore facilities when a ship is at berth.
February 19, 2019: Sumitomo Electric and Optoscribe Announce Strategic Cooperation to Deliver Multicore Fiber Components. This strategic cooperation will seed the market for practical use cases of Sumitomo Electric's MCF interconnects. This is especially true for 4 core or greater MCF with fan-in / fan-out components based on 3D glass-based photonic circuits technology in datacom applications where ultra-high density optical interconnect is required.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global OPGW (Optical Ground Wire) market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in OPGW (Optical Ground Wire) market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Optical Ground Wire, Suppliers of Optical Ground Wire, Wholesalers, Distributors and Retailers of Optical Ground Wire, Telecom Industry, Electricity Suppliers and Governmental Bodies.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.