×
Industry Reports Services Press Release
  •   Blogs
  • Contact us About us

    Europe Overhead Conductor Market Forecast 2028 By Rated Strength (High Strength, Extra High Strength, Ultra-High Strength), By Product (Conventional, High Temperature), By Voltage (132 kV to 220 kV, 221 kV to 660 kV, >660 kV), By Current (HVAC, HVDC), By Application (High Tension, Extra High Tension, Ultra-High Tension), Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: May 2022   |   Report ID: GR2107   |   Delivery: PDF  Request Free Sample

    Europe Overhead Conductor Market size crossed USD 700 million in 2021. Overhead conductors are basic means to convey electrical power from one place to another. It has become a crucial part of underground & overhead transmission and distribution of electrical power. Ongoing regulatory reforms toward the advancement of microgrid networks along with the integration of renewable energy infrastructure will fuel the industry outlook.

    The COVID–19 pandemic has slightly affected the industry in terms of reduced industrial operations and a declining workforce. However, the surging renewable power requirement along with the focus of companies on the modernization of existing power distribution & transmission lines along with the adoption of advanced solutions will sway the market growth.

    Europe Market, By Product

    The conventional conductors segment will grow at a significant CAGR through 2028, on account of increasing electricity demand coupled with continuous refurbishment of existing grid infrastructure for smart and reliable power supply. These conductors are designed to offer improved electrical characteristics, decreased storm impacts, efficient electricity supply in addition to this, it also mitigates the electricity outage frequency. Furthermore, continuing developments in the distribution power generation technologies in line with increasing concerns for energy security will stimulate the product adoption.

    Europe Overhead Conductor Market, By Voltage

    The 221 kV to 660 kV rated voltage segment will witness a lucrative growth till 2028, owing to rising shift to manage intermittency produced by the high use of solar power across growing economies in line with improving applicability across large scale industrial establishments. For instance, in September 2021, Balfour Beatty, a prominent infrastructure group, has entered a contract to provide overhead line works across the west of Scotland. The company will deliver a 275 kV and 45 km double circuit line between Port Ann and Crossaig on the behalf of SSEN transmission. Moreover, large scale integration of sustainable power sources coupled with rising concerns to manage grid stability will drive the market demand.

    Europe Market, By Rated Strength

    The extra high strength segment will rise substantially during the forecast timeline, due to rising investments for the establishment of a renewable energy network in line with ongoing norms pertaining to the effective use of power. In addition, ongoing inclination for the IT integration across electricity sector along with increasing requirement of power reliability & high ampacity across the industrial operations will boost the industry growth. Moreover, surging regulatory focus in view of grid modernization, reduction of peak load, improved security, low operation costs and renewable integration will stimulate the market dynamics.

    Europe Market, By Current

    The HVDC segment will gain remarkable momentum from 2022 to 2028, on account of rising electricity demand along with ongoing integration of renewable power networks. High voltage power transmission, low transmission costs, reduced power losses in line with the utilization of the full capacity of current rating & conductor voltage are some of the features which will positively influence the product penetration. Furthermore, the advantage of zero dielectric losses in HVDC results in increased service life coupled with the capability of quick fault clearance and reduced fault current will fuel the market expansion.

    Europe Market, By Application

    The ultra-high tension application segment size will increase exponentially in the coming years, attributed to robust development of infrastructure in line with the increasing urbanization & industrialization. The capacity to handle power with increasing transmission voltages coupled with economic & reliable delivery of power will fuel the market demand.

    In addition, ongoing government efforts to develop next-generation techniques, tools, and technologies for high-efficient power supply will complement the industry trend. Additionally, favorable regulatory norms focusing on the electrification of off-grid areas along with the retrofitting of existing grid infrastructures will drive the market demand.

    Europe Market, By Country

    The Italy overhead conductor market will see massive growth between 2022 and 2028 on account of favorable norms for the development of renewable systems along with rising electricity demand. Continuous expansion of micro grid network along with flourishing commercial & industrial sector have stimulated the market landscape. Furthermore, ongoing movement across sub urban regions have positively influenced the peak load demand which have resulted in the escalation of industry potential.

    Competitive Industry Landscape

    The major players operating across the industry include Sumitomo Electric Industries, Ltd., ZTT, APAR, Lamifil, NEXANS, LUMPI-BERNDORF, 3M, Zmscable, Alfanar Group, Prysmian Group, KEI Industries Limited, LS Cable & System Ltd., Southwire Company, LLC., ElsewedyElectric, Bekaert, Tratos, and Eland Cables.


    Frequently Asked Question(FAQ) :

    How big is the Europe overhead conductor market?
    The market value for overhead conductor in Europe was surpassed USD 700 million in 2021 and is expected to register substantial growth between 2022 and 2028 owing to an increase in regulatory reforms toward the advancement of microgrid networks.
    What factors will drive 221 kV to 660 kV rated overhead conductor industry value in Europe?
    The market share from 221 kV to 660 kV overhead conductors is estimated to grow on account of the shift toward the management of intermittency produced by the high usage of solar power.
    Why is the overhead conductor sector growing in Italy?
    The market share for overhead conductor in Italy is anticipated to record appreciable growth through 2028 considering the rising number of favorable norms for the development of renewable systems.
    Which are major companies in the Europe overhead conductor landscape?
    Prominent participants in the market comprise Prysmian Group, APAR, Sumitomo Electric Industries, Ltd., Southwire Company, LLC., KEI Industries Limited, Eland Cables, and others.

    Get this research report on Europe Overhead Conductor Market customized according to your business requirements.

    report-purchase - logo Buy Now

    Why Choose us?

    • on-time delivery On-Time Delivery

      We commit to on-time delivery of reports to keep you ahead.

    • assured quality Assured Quility

      With a wide network of industry experts and trained in-house analysts, we assure best service quality.

    • Custom Research Service

      We offer research services to meet specific client requirements and provide them with actionable insights on target markets.

    • payment security Payment Security

      Our safe payment gateway gives you full control of your personal data, at all times.

    Connect with our sales team

      (+1)-208-273-9852

     [email protected]