Overhead Conductor Market Size, Share and Global Trend By Material (Copper Conductor, AAC: All Aluminium Conductor, AAAC: All Aluminium Alloy Conductor, ACSR: Aluminium Conductor, Steel Reinforced, ACAR: Aluminium Conductor, Alloy Reinforced, Others), By Voltage (Low Voltage, Medium Voltage, High Voltage), By Application (Power Distribution, Railways) and Regional Forecast, 2024-2032

Electricity is the basic necessity of mankind. The demand for electricity will keep rising worldwide as population increases and standard of living improves. The power consumption per capita will increase in the coming fifty years. Stable and reliable supply of electricity is key to the overall growth of all countries. An overhead conductor is one of the most important and widely used components in power transmission and distribution. An overhead conductor is vital between power transmission and distribution.

The design of an overhead conductor plays a significant role in the pricing of electricity. The overhead cable should have maximum electrical conductivity. It should have the tensile stress-bearing capacity so it can withstand mechanical stresses. In order to minimize sagging, the overhead cable should have a low weight per unit volume. Proper insulation of an overhead conductor ensures safety during power transmission. The overhead cable should be able to withstand adverse climatic conditions and corrosion. Optimization of the length of overhead cable, construction of the overhead cable, and appropriate material selection are critical for overhead cable infrastructure.

On the basis of material, the overhead conductor can be divided into Pure Copper Conductor, All Aluminium Conductor (AAC), All Aluminium Alloy Conductor (AAAC), Aluminium Conductor Steel Reinforced (ACSR), Aluminium Conductor Alloy Reinforced (ACAR) and Others. Pure copper conductors have been used in the past. Due high cost of raw material, copper conductors, are rarely used. All Aluminium Conductor is used for a short span in urban areas. AAC is used in coastal areas due to high corrosion resistance. AAC has low strength to weight ratio and cannot be used for long-distance wires. AAAC has better conductivity and strength to weight ratio than AAC. AACR and ACAR have a high strength to weight ratio and are used for long spans and high load applications. Various other configurations are available in the market. On the basis of application, it can be segmented into power distribution and railways. Railways use overhead cables to power the engine. The overhead cable is critical to power distribution. On the basis of carrying capacity, the overhead cable is divided into Low Voltage, Medium Voltage, and High Voltage Overhead Cable.

The major market driver for the global overhead conductor market is the increasing demand for electricity around the world. Modernization of aging electrical infrastructure boosts the demand for overhead cables. Grid expansion, reinforcement, repair and maintenance, renewables interconnection, and international grid connection links are powerful global drivers of overhead conductor market. The availability of low-cost overhead cables made up of aluminum and aluminum alloys have made it easily accessible to developing nations

The key market restraint for the global overhead cable market is the oscillating price of raw materials like copper, aluminum. The price of raw material fluctuates due to the difference in supply and demand. Tariffs and trade restriction play also play a significant role in increasing the prices of processed metal products.

Key Players Covered

Some of the major companies that are present in the overhead conductor market are Tratos, Eland Cables, General Cable, Sumitomo Electric Industries, Elsewedy Electric, Southwire Company, Tokyo Rope International, Nirmal group, ZMS cable, Lumpi-Berndorf Draht- und Seilwerk GmbH, Huadong Cable, Prysmian Group, Midal Cables, Nexans, Aberdare Cables, Trefinasa, Houston Wire & Cable Company and Lumino Industries.

SEGMENTATION

Regional Analysis

Based on the region, the overhead cable market has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the overhead cable market. The government of the USA has taken initiative to replace the aging copper overhead cable with modern aluminum overhead cable has accelerated its demand in recent years. Similar initiatives in Europe, Australia, and Canada in upcoming years, will boost demand for overhead cables. The introduction of long-distance high voltage transmission all over the world has spurred the demand for overhead cable. Electrification in countries of Latin America, Asia-Pacific, Middle-East and Africa will raise the demand for overhead cable in the near future. Increase in manufacturing activity in countries like Bangladesh, Vietnam, and India will also spur the demand for power and will increase demand for electrical infrastructure like overhead cable. The emergence of renewable power generation projects in Europe, Asia-Pacific, Middle-East, and Latin-America has increased the demand for the overhead cable. Renewable interconnection and international grid connectivity in Europe spurs the demand for overhead cable.

Key Industry Developments

• In 2019, NTPC and PowerGrid signed a pact to form a joint venture for power distribution biz Northwest China's Xinjiang Uygur Autonomous Region witnessed double-digit growth in wind and solar power generation during the first four months of 2019.
• In 2018, Mitsubishi Hitachi Power Systems has created a new company focused on maintenance and renovation in the Filipino power generation market.