Market Research Report
Overhead Conductor Market Size, By Product, By Voltage, By Rated Strength, By Current, By Application, Industry Analysis Report, Regional Outlook, Application Potential, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2021 - 2027
|Published by||Global Market Insights Inc.||Product code||820619|
|Published||Content info||790 Pages
Delivery time: 2-3 business days
|Overhead Conductor Market Size, By Product, By Voltage, By Rated Strength, By Current, By Application, Industry Analysis Report, Regional Outlook, Application Potential, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2021 - 2027|
|Published: July 14, 2021||Content info: 790 Pages||
The overhead conductor market is estimated to witness significant growth by 2027 due to booming demand for power supply across diverse industry verticals.
Moreover, with escalating energy requirement in different applications, there has been an upsurge in the demand for overhead conductors, which has enhanced industry dynamics. For instance, in March 2021, Furrer + Frey, the Swiss overhead contact lines specialist, working in collaboration with Stadtwerken Tubingen, the German energy utility specialist, developed a rapid charging system - Voltap - for mainline trains. The Voltap system supplies the charge through a short section of rigid overhead conductor rail, helping BEMUs run on otherwise non-electrified lines.
The overhead conductor market has been segmented on the basis of product, current, rated strength, voltage, application, and region. The product segment has further been bifurcated into high temperature, conventional, and others.
Based on conventional conductor, the market has been divided into ACSR, AACSR, AAAC, ACAR, and AAC. The ACSR segment is estimated to see considerable growth over 2021-2027. Rising installation of energy efficient electrical systems to meet the need for sustainable power output is likely to bolster product demand through the following years.
The overhead conductor market from the ACAR conventional product segment is calculated to progress at a CAGR of approximately 3% over the assessment timeframe. The AACSR is anticipated to amass lucrative gains by 2027 on account of proliferating demand for upgradation and revamping of conventional grid infrastructure across the globe.
The AAC segment is calculated to reach a considerable valuation by 2027, expanding at a steady CAGR through the analysis time period. Effective conductivity and lower extension coefficient of AAC are slated to boost segmental adoption in the future.
In terms of high temperature conductor, the market has been segregated into Tal and ZTAl. The Tal sub-segment is anticipated to surpass a valuation of USD 125 million by 2027, growing steadily over the forthcoming years.
The ZTAl sub-segment is projected to register a robust CAGR through the assessment period to reach a respectable valuation by the end of 2027. The installation of a sustainable grid network as well as rapid technological development are speculated to foster industry expansion in the coming years.
The others product segment has further been categorized into ACCC, ACFR, CRAC, gap conductors, ACCR, and others. The ACFR segment is anticipated to see substantial growth over 2021-2027 driven by the growing concentration of commercial premises across urban areas.
ACCR overhead conductors are projected to hold a notable share in the overall market revenue by the end of 2027. Ease-of-voltage transition aligned with reduced terminal losses is set to enhance segmental progress over the following years.
The ACCC segment is speculated to witness substantial growth by 2027, delivering a solid CAGR through the forecast timeline. Soaring energy demand, along with rapid infrastructure investment, is likely to promote segmental penetration globally.
The CRAC segment is estimated to account for a major portion of the overhead conductor market by 2027. Operational flexibility and improved conductivity of these conductors are likely to positively impact product demand over the projected timeline.
Other overhead conductors are expected to see lucrative growth over the assessment timeframe, progressing at a steady rate through 2027. Aggregate technical & commercial (AT&C) losses fueled by burgeoning electricity demand is foreseen to improve segmental outlook.
From the perspective of application, the market has been categorized into extra high tension, high tension, and ultra high tension. In 2020, extra high tension overhead conductors reached an annual installation of over 35,000 km.
Ultra high tension overhead conductors are calculated to expand at a substantial pace over 2021-2027. Superior viability of these conductors across utility adhered transmission lines and large capacity industrial deployment are speculated to accelerate product deployment in the future.
On the regional spectrum, the Latin America overhead conductor market is forecast to record significant growth by 2027. Escalating energy demand, coupled with large-scale urbanization across the region, is speculated to augment industry growth.