Overhead Conductor Market Share 2019: In-Depth Analysis of Industry Growth Trends & Forecast till 2026

Fortune Business Insights offers a detailed overview of the global inverter duty motor market in a report, titled “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 Geography Forecast till 2026.” The report aims to offer a detailed overview of the global market by presenting several aspects which include drivers, restraints, opportunities, trends, and threats. It further offers deep insights into the latest market trends, forecasts, and other indicators. Analysts have used different analytical tools to analyze market size and growth rate. Furthermore, analysts have highlighted some of the important future trends that can affect the demand for overhead conductors. The competitive analysis of the market can help our readers to gain valuable insights into the share of key players. 

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MHPS’s New Company to Focus on Thermal Power Generation Facilities

The report sheds light on some of the leading players operating in the global market. These players are continuously putting efforts and strategizing their business processes to stay ahead of the competition. As per the report, some of the leading players are mentioned below:

  • Tratos
  • Eland Cables
  • Sumitomo Electric Industries
  • Southwire Company
  • Tokyo Rope International
  • ZMS cable
  • Lumpi-Berndorf Draht- und Seilwerk GmbH
  • Prysmian Group
  • Midal Cables
  • Nexans
  • Aberdare Cables
  • Houston Wire & Cable Company
  • Lumino Industries

June 2019: Mitsubishi Hitachi Power Systems, Ltd. or MHPS established a new plant service corporation in the Philippines. This new company aims to offer thermal power generation facilities in the country. Owing to the improvements in economic conditions, the country plans to modernize its facilities and expand business projects.

Key Segmental Overview:

1. By Material

  • Copper Conductor
  • AAC: All Aluminium Conductor
  • AAAC: All Aluminium Alloy Conductor
  • ACSR: Aluminium Conductor, Steel Reinforced
  • ACAR: Aluminium Conductor, Alloy Reinforced
  • Others

2.By Voltage

  • Low Voltage
  • Medium Voltage
  • High Voltage

3. By Application

  • Power Distribution
  • Railways

4. By Geography

  • North America (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 Middle East & Africa)

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The demand for electricity is increasing at a rapid rate as the overall population along with the standard of living increases. With the increasing power consumption, overhead conductors play a crucial role in the power transmission and distribution activities. The overhead conductors market is expected to exhibit high growth owing to the implementation of stringent government guidelines for establishing electrical networks. This, coupled with the rising demand for upgrading traditional transmission structures, is anticipated to enable growth in the market in the forthcoming years. Governments are increasingly making heavy investments to develop sustainable electricity and ensuring these networks are for effective power generation, transmission, and distribution.  The demand for overhead conductors is expected to increase owing to the increasing technological developments in power transmission and distribution systems. These conductors should have the ability to bear high tensile stress and should be low in weight to withstand any mechanical stress. For overhead cable infrastructure, manufacturers need to keep these critical points in mind. These include construction, length optimization, and right material selection of overhead cables.

Key Market Driver – Modernization of electrical infrastructure and rural electrification

Key Market Restraint – Volatile prices of raw material

Rising Investments from the US government to Drive Market in North America

From a geographical standpoint, North America is anticipated to lead the global market in the forecast years. The growth is attributable to the rising support from governments in the region. For instance, the government in the US is planning to replace old copper overhead cables with advanced aluminium cables. The demand for these new cables is expected to accelerate, which in turn, will contribute to the growth of the market in North America. Owing to the emergence of high voltage transmission lines, the demand for overhead conductors is expected to spur in the years to come.

The rising importance of electrification is expected to fuel demand for overhead cables across Asia Pacific, the Middle East & Africa, and Latin America. Manufacturing activities in countries such as Vietnam, India, and Bangladesh is rising at a rapid rate. This, as a result, will stoke demand for power and will eventually increase demand for electrical infrastructure which includes overhead conductors.

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Major Table of Content For Overhead Conductor Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Overhead Conductor Market Analysis, Insights and Forecast, 2014-2025
  6. North America Overhead Conductor Market Analysis, Insights and Forecast, 2014- 2025
  7. Europe Overhead Conductor Market Analysis, Insights and Forecast, 2014-2025
  8. Asia Pacific Overhead Conductor Market Analysis, Insights and Forecast, 2014-2025
  9. The Middle East and Africa Overhead Conductor Market Analysis, Insights and Forecast, 2014-2025
  10. Latin America Overhead Conductor Market Analysis, Insights and Forecast, 2014-2025
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

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Arthur Siegrist

By Arthur Siegrist

Arthur has nearly a decade of media experience. Before joining FBI Market News, he ran content operations of several local news journals. He also vast experience stock market, corporate communications, public relations, and digital marketing. Arthur holds a commerce degree from the University of Oakland and a post-graduate degree in English from NYU.