What is Global Overhead Line Conductors Market?
The Global Overhead Line Conductors Market is a vast and dynamic sector that plays a crucial role in the power transmission industry. These conductors are essentially cables that are used in overhead power lines for the transmission of electricity at various voltage levels. The market encompasses a wide range of conductor types, each with its own unique properties and applications. The value of this market was estimated to be US$ 6342.1 million in 2023 and it is projected to reach a staggering US$ 8487.7 million by 2030. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period from 2024 to 2030.
ACSR, AAAC, ACAR, AACSR, AAC, Others in the Global Overhead Line Conductors Market:
The Global Overhead Line Conductors Market is segmented into various types of conductors such as ACSR, AAAC, ACAR, AACSR, AAC, and others. Each of these conductors has its own unique properties and applications. ACSR (Aluminum Conductor Steel Reinforced) is widely used due to its high strength and conductivity. AAAC (All Aluminum Alloy Conductor) is known for its high corrosion resistance and strength. ACAR (Aluminum Conductor Alloy Reinforced) offers a good balance between strength and conductivity. AACSR (Aluminum Alloy Conductor Steel Reinforced) is used for its high mechanical strength, while AAC (All Aluminum Conductor) is preferred for its lightweight and good conductivity. These diverse types of conductors cater to a wide range of needs in the power transmission industry, making the market highly versatile and dynamic.
Low Pressure (less than 1kv), Middle Pressure (1-69 kV), High Pressure (69-345 kV), Extra-high Pressure (345-800 kV), Ultra-high Pressure (>800 kV) in the Global Overhead Line Conductors Market:
The Global Overhead Line Conductors Market finds its application in various voltage levels such as Low Pressure (less than 1kv), Middle Pressure (1-69 kV), High Pressure (69-345 kV), Extra-high Pressure (345-800 kV), and Ultra-high Pressure (>800 kV). Each of these voltage levels requires a specific type of conductor that can efficiently transmit electricity without any loss or damage. For instance, low pressure lines often use AAC or AAAC conductors due to their good conductivity and lightweight. On the other hand, high pressure and extra-high pressure lines typically use ACSR or AACSR conductors because of their high strength and durability. The choice of conductor depends on the voltage level, environmental conditions, and specific requirements of the power transmission line.
Global Overhead Line Conductors Market Outlook:
The future of the Global Overhead Line Conductors Market looks promising with a steady growth rate. The market was valued at US$ 6342.1 million in 2023 and is expected to reach US$ 8487.7 million by 2030, growing at a CAGR of 4.2% during the forecast period 2024-2030. This growth can be attributed to the increasing demand for electricity worldwide and the need for efficient power transmission systems. The market is dominated by key players such as Southwire, Apar Industries, ZTT, Prysmian, Zhuyou, Nexans, Tongda, SWCC, Oman Cables, Bekaert, Hengtong Group, 3M, Diamond Power Infrastructure, LAMIFIL, Midal, LUMPI BERNDORF, CTC, Eland Cables, Kelani, Jeddah, CABCON, Galaxy, and Alcon. These top 5 players held a market share of about 27.3% in 2019, indicating a highly competitive market landscape.
| Report Metric | Details |
| Report Name | Overhead Line Conductors Market |
| Accounted market size in 2023 | US$ 6342.1 million |
| Forecasted market size in 2030 | US$ 8487.7 million |
| CAGR | 4.2% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Southwire, Apar Industries, ZTT, Prysmian, Zhuyou, Nexans, Tongda, SWCC, Oman Cables, Bekaert, Hengtong Group, 3M, Diamond Power Infrastructure, LAMIFIL, Midal, LUMPI BERNDORF, CTC, Eland Cables, Kelani, Jeddah, CABCON, Galaxy, Alcon |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
