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Asia Pacific Overhead Conductor Market Forecast 2027 By Voltage (132 kV to 220 kV, 221 kV to 660 kV, >660 kV), By Product (Conventional, High Temperature), By Rated Strength (High Strength, Extra High Strength, Ultra-High Strength), By Current (HVAC, HVDC), By Application (High Tension, Extra High Tension, Ultra-High Tension), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: September 2021 | Publisher: Graphical Research Report ID: GR1945 | Delivery : PDF  Request Free Sample

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.
 

Frequently Asked Question(FAQ) :

The market size for overhead conductor in Asia Pacific is poised to witness an appreciable gain through 2027 with surging demand for electricity and increasing transmission losses.
The market share for overhead conductor in APAC from the conventional segment will grow at a notable rate on account of robust government policies for micro-grid network expansion.
132kV to 220kV voltage in APAC market will garner considerable revenue share through 2027 due to rapid integration of renewables with developed distributed generation technologies.
The extra high-strength overhead conductor segment in Asia Pacific will grow at a significant CAGR owing to increased demand in utility-assisted transmission networks and high-capacity industrial developments.
Prysmian Group, CABCON India, SWCC SHOWA HOLDING Co., Nexans, Sumitomo Electric Industries, ZMS Cable and Gupta are some of the leading companies in APAC market.

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