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APAC Overhead Conductor Market revenue to show tremendous growth till 2027
Published Date: 2021-09-27
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APAC Overhead Conductor Market size is anticipated to rise substantially from 2021 to 2027, according to a latest forecast report by Graphical Research.
The Asia Pacific market growth is owing to sustainable electricity infrastructure along with increasing demand for peak load & grid stability across the region. Recent government norms on micro-grid network expansion coupled with sustainable population & high electricity consumption and increased disposable income will further fuel the business scenario.
Pandemic outbreak has affected the world’s economy including the Asia Pacific region. However, the current ease in lockdown measures has increased the economy along with accelerating industrial & commercial operations. The consumption of electricity is rising on account of restarting of the region’s operations after COVID-19 lockdown, accelerating the overhead conductor business landscape.
The high temperature segment will witness notable growth during the forecast period on account of its lighter, stronger, and more conductive properties. In addition, these conductors are designated as Trapezoidal-Wire (TW) to minimize the vibrations & wind-induced movements, thus accelerating the industry spectrum. The increasing focus on regulations to modernize networks, reduction in peak loads, improve safety, low operating costs along with integration of renewable energy will further boost the market size.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC)
221 kV to 660 kV segment will gain a significant momentum through 2027 due to favorable norms for integration of large-scale renewable energies and advanced distributed generation techniques. Moreover, rising electricity demand along with upgrading of existing electricity distribution networks will substantially boost the product. Additionally, government’s focus on intensifying modernization of grid coupled with increasing consumption across the region will augment the industry outlook.
The HVAC segment will see massive growth between 2021 and 2027 attributed to higher conductor integration for specific transmission distance than available counterparts. Lower terminal costs associated with the ease of voltage transformation between circuits will further drive the deployment of HVAC transmission lines. Moreover, growing investment by private & public finance institutions in accordance with regulatory provisions to meet the rapid expansion of smart grid networks will facilitate industry prospects in the Asia Pacific region.
The China overhead conductor industry is poised to rise at a remarkable CAGR during the forecast timeframe credited to exponential growth in energy demand by industrial and commercial sectors along with population growth & continued migration through suburban areas across the country. The government’s initiative for large-scale electricity development will significantly propel business prospects. For instance, in 2019, State Grid Corp. of China commissioned the world's longest and most powerful ultra-high voltage power line from its far northwest to the densely populated east.
The overhead conductor in the APAC market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia Pacific By Product
- High Temperature
Asia Pacific By Voltage
- 132 kV to 220 kV
- 221 kV to 660 kV
- >660 kV
Asia Pacific By Rated Strength
- High Strength
- Extra High Strength
- Ultra-High Strength
Asia Pacific By Current
Asia Pacific By Application
- High Tension
- Extra High Tension
- Ultra-High Tension
The above information has been provided for the following countries:
- South Korea
- New Zealand