"Actionable Insights to Fuel Your Growth"
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.
To gain extensive insights into the market, Request for Customization
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.
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.
· Copper Conductor
· AAC: All Aluminium Conductor
· AAAC: All Aluminium Alloy Conductor
· ACSR: Aluminium Conductor, Steel Reinforced
· ACAR: Aluminium Conductor, Alloy Reinforced
· Low Voltage
· Medium Voltage
· High Voltage
· Power Distribution
· North America (the USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico, and Rest of Latin America)
· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
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.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry