Asia Pacific Overhead Conductor Market size is expected to witness significant growth from 2021 to 2027 on account of increasing demand for electricity along with rising transmission losses. In addition, modernizing grid infrastructure through the integration of equipment, controls, and technologies to make it smart, easy & more resilient will increase the adoption of advanced products across the market spectrum.
Asia Pacific Market, By Product
The conventional overhead conductor market is expected to rise substantially till 2027 owing to favorable regulatory reforms for the expansion of micro-grid networks along with integration of sustainable electricity infrastructure. Moreover, its ability to efficiently provide reliable electricity combined with reducing the frequency of power outages to provide faster service will stimulate product adoption.
Asia Pacific Market, By Voltage
Overhead conductors with voltage 132kV to 220kV will dominate market share through 2027 led by rapid integration of renewables coupled with advanced distributed generation technologies. Furthermore, growing concerns toward managing the intermittency generated by the increased use of solar energy in developing countries will fuel the market landscape. Additionally, the paradigm shift toward IT integration across the electricity sector will positively influence industry outlook.
Asia Pacific Market, By Rated Strength
The extra high-strength overhead conductor market will expand at lucrative CAGR during the forecast period due to their large-scale utilization in high-capacity industrial developments & utility-assisted transmission networks. The rising demand for high intensity and reliable power transmission lines across the industrial processes, including mining and oil & gas, will further boost the market expansion. In addition, the technology also offers key benefits including lower conduction losses, efficient operational feasibility & longer life.
Asia Pacific Market, By Current
Growing urbanization rate in the Asia Pacific region combined with robust development of commercial establishments will drive the segment of high voltage overhead conductors. Government efforts to deploy next-generation tools, technologies & techniques for resilient, efficient, affordable, and reliable electricity delivery along with increasing investments to establish a sustainable electricity grid will foster market growth.
Asia Pacific Market, By Country
Increased disposable income along with sustainable population & higher electricity consumption in India will impel the market scenario. For instance, in March 2021, Siemens Energy entered a JV with Sumitomo Electric to complete India's first HVDC Link With voltage source converter & DC-XLPE cable technology. This will enable the exchange of electricity between Tamil Nadu and Trichur. Moreover, this will provide support to the transmission operator Power Grid Corporation of India to counter the energy deficit in the southern region of India and improve grid stability across the country.
Competitive Industry Landscape
Prominent players operating in the Asia Pacific overhead conductor market include APAR, Sumitomo Electric Industries, Nexans, Gupta Power, ZMS Cable, Hindusthan Urban Infrastructure, Prysmian Group, Sterlite Power, KEI Industries, LS Cable & System, SWCC SHOWA HOLDING Co, and CABCON India.