Report Code: A09037 | Pages: NA | Mar 2023 | 972 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Overhead Conductor Market
Request Now !Electrical conductors are a medium through which electricity is conducted. Overhead conductors are a physical means to carry electrical energy from one electricity point to another. These conductors are used in the transmission and distribution of electric energy over long distances. Overhead conductors are an essential and integral part of the power industry, as they are responsible for the transmission and distribution of the electrical energy. The transfer of electrical power over larger distances is done through the usage of high voltage overhead conductors.Â
COVID-19 impact
Producers are focusing on the development of wires and cables which do not have a heavy impact on the environment. Thus, increasing demand for environmental friendly products is driving the growth of the overhead conductors market. Concerns regarding the loss of energy while transmission has made the government of various countries to take necessary regulatory actions by ensure product development. ASCR is the most popular among other owing to its attributes such as excellent tensile strength and effective conductivity. Rapidly increasing urbanization and commercialization together with positive surge in high tension transmission grid is expected to promote market growth. More focus on the assignment of HDVC transmission line to curb the cross border demand for power supply is expected to further contribute to the growth of the overhead conductor market. Feasibility, operational flexibility, low maintenance with better conductivity of the high strength overhead conductors is likely to contribute to the growth of the overhead conductor market. Use of ultrahigh-strength overhead conductors will result in reduction of energy losses during transmission. This is likely to propel the market growth of the product.
One of the major restraints hinder the growth of the overhead conductors is the safety issues concerning overhead conductors. They can be very dangerous if not handled with care. Another factor restraining the market growth is the lack of availability of skill manpower to handle the overhead conductors of high and ultrahigh voltage. Â Â
North America is expected to witness a significant increase in demand owing to the government’s plans regarding improving infrastructural facilities. In addition, the government has also planned to introduce energy efficient transmission and distribution energy system which will not have a negative impact on the environment. Developing counties Like India and China are investing heavily in the production and manufacturing of the overhead conductors. Countries in Europe are increasingly investing in the development of the renewable energy projects. This will propel the need of connecting the renewable energy sources with the power grid. This will drive the demand for overhead conductors over the coming years.Â
Key benefits of the report:
Overhead Conductor Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
Aspects | Details |
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By Product Type |
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By Voltage |
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By Rated Strength |
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By Current |
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By Application |
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By Region |
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Key Market Players | Sumitomo Electric Industries Ltd., APAR Industries, Ltd., Nexans, Neccon, General Cable Technologies Corporation, CTC Global, Inc, LUMPI-BERNDORF Draht- und Seilwerk GmbH, Taihan Electric Wire Co. Ltd., 3M, Gupta Power Infrastructure Ltd., Midal Cables Ltd., Hindustan Urban Infrastructure Limited |
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