Overhead Conductors Market | Covid-19 Impact Analysis

Overhead Conductors Market Insights

Overhead Conductors market is likely to witness a CAGR of 10.5% during the forecast period. The prime factors that are driving the overhead conductors’ market are the initiatives towards upgradation of conventional grid transmission sub-structures and ongoing establishment of cross border electrical networks.

Market Share Analysis

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Overhead Conductors Market Share: By Product Type

Based on the product type, the market is segmented as conventional conductors, high temperature conductors, and others. Conventional conductors dominated the market in 2019 and are expected to maintain their position during the forecast period. Conventional conductor is further segmented into ACSR, AAAC, ACAR, AACSR, and AAC. In 2019, ACSR held more than 50% share of the market and is likely to witness a healthy growth during 2020-2025.

Overhead Conductors Market Share: By Rated Strength Type

Based on the rated strength type, the overhead conductors’ market is segmented as high strength, extra high strength, and ultra-high strength. The high strength segment held the largest share of the market in 2019, and is also expected to witness a healthy growth during the forecast period. Large capacity industrial deployment and applicability towards utility adhered transmission lines are contributing towards the growth of the segment.

Overhead Conductors Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest market for overhead conductors during the forecast period. China, Japan, India, and Australia are among the largest consumers of overhead conductors in the region. Significant investments towards modernization of existing grid network and expansion towards remote areas are the major factors contributing towards the dominance of the region in the global market. North America and Europe are also expected to witness a healthy growth during the forecast period.

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Some of the major players in the overhead conductors market are Lamifil, ZTT, Sumitomo Electric Industries, Ltd., APAR Industries Ltd., Nexans, CTC Global Inc., Prysmian Group, LUMPI-BERNDORF Draht- und Seilwerk GmbH, Special Cables Pvt. Ltd., Neccon Power & Infra Limited, 3M, Taihan Electric Wire Co., Ltd., Midal Cables Ltd., KEI Industries Limited, Diamond Power Infrastructure Ltd., SWCC Showa Holdings Co., Ltd., Southwire Company LLC, CABCON India Limited, Oman Cables Industry, Galaxy Transmissions Pvt., Ltd., Bekaert, and Kelani Cables PLC.

Market Scope & Segmentation

Conductor is a physical medium to carry electrical energy from one place to another. It is one of the most vital components of overhead and underground electrical transmission and distribution system. Based on product type, overhead conductor can be categorized into conventional conductors, high-temperature conductors, and others. On the basis of voltage type, it can be categorized into 132 kV to 220 kV, 221 kV to 660 kV, and >660 kV. By application type, the market is segmented as high tension, extra high tension, and ultra-high tension. The overhead conductors’ market is also segmented based on rated strength into high strength, extra high strength, and ultra-high strength.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The overhead conductors’ market is segmented into the following categories. 

Overhead Conductors Market Size, Share, & Forecast, by Product Type:

• Conventional Conductors
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Type Analysis: ACSR, AAAC, ACAR, AACSR, and AAC
• High Temperature Conductors
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Type Analysis: Tal and ZTal
• Others
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Type Analysis: ACFR, ACCR, ACCC, CRAC, and Gap Conductors

Overhead Conductors Market Size, Share, & Forecast, by Voltage Type:

• 132 kV to 220 kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• 221 kV to 660 kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• >660 kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Overhead Conductors Market Size, Share, & Forecast, by Rated Strength Type:

• High Strength (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Extra High Strength (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ultra-High Strength (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Overhead Conductors Market Size, Share, & Forecast, by Current Type:

• HVAC (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• HVDC (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Overhead Conductors Market Size, Share, & Forecast, by Application Type:

• High Tension (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Extra High Tension (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ultra-High Tension (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Overhead Conductors Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the voltage types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].