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Europe Overhead Conductor Market revenue to increase exponentially till 2028
Published Date: 2022-05-17
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Europe Overhead Conductor Market size is projected to showcase a strong growth between 2022 and 2028, according to a latest forecast report by Graphical Research.
The market growth is on account of favorable regulatory reforms pertaining to the expansion of microgrid network along with the integration of renewable infrastructure. Surging electricity demand coupled with rapid adoption of smart distribution and transmission power systems will accelerate the industry growth. Additionally, increasing urbanization rate in line with the development of commercial infrastructure will foster the industry trend.
The COVID 19 crisis has slightly affected the overhead conductor market size in terms of rising infected cases along with government-imposed lockdown. However, continuous investments across private and public sector facilities along with resumption of industry operations will positively influence the industry trend,
High temperature overhead conductors market size will witness a remarkable upsurge through 2028, due to ongoing refurbishment and retrofitting of existing infrastructure along with the expansion of advanced technologies. Rising investments across private & public sectors for the development of renewable energy network coupled with rising shift toward the adoption of reliable power will propel the industry scenario. Furthermore, growing shift toward enhanced security and power transmission in line with large scale renewable energy deployment will augment the industry landscape.
132 kV to 220 kV rate overhead conductor market will gain remarkable momentum during the forecast timeline, driven by rising renewable integration along with the expansion of innovative distribution generation technologies. Growing concerns for intermittency management generated by increased solar usage across the developing economies will accelerate the industry demand. In addition, favorable reforms for the adoption of renewable power in line with integration of renewable at a large scale favored by the upgradation of traditional networks will propel the product penetration.
High strength overhead conductor industry size will expand notable growth through 2028, credited to robust expansion of commercial establishments in line with rising urbanization. Improved reliability and safety, high thermal stability along with the ability to fulfill increasing peak load demand will strengthen the industry scenario. In addition, increasing demand for electricity coupled with the integration of sustainable grid infrastructure will drive the industry dynamics.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
HVAC overhead conductor industry is estimated to rise substantially from 2022 to 2028, attributed to the rising investments across private & public sectors along with rising demand for efficient power transmission & distribution infrastructure. Several features such as increased efficiency, reduced conductor costs and high flexibility coupled with the ability to provide increased power transmission for high voltage lines will boost the product penetration. In addition, ongoing modernization of grid infrastructure in line with rising electricity demand will foster the industry scenario.
Ultra-high-tension overhead conductor market size will show tremendous growth over the estimation period, owing to continuous development in cables technology coupled with the expansion of smart grid network. Surging electricity demand along with transmission losses will stimulate the business scenario. In addition, a paradigm shift toward the integration of IT across the power sector will boost the smart grid deployment.
UK overhead conductor market size is estimated to account for a considerable growth rate during the forecast period, due to rising electricity demand along with the integration of renewable energy infrastructures. Ongoing refurbishment of the traditional infrastructures coupled with increasing applicability across industrial applications will sway the industry trend. Furthermore, stringent norms pertaining to carbon emission in line with continuous research & development activities will fuel the industry dynamics.
The overhead conductor in the Europe 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:
Europe By Product
- High Temperature
Europe By Voltage
- 132 kV to 220 kV
- 221 kV to 660 kV
- >660 kV
Europe By Rated Strength
- High Strength
- Extra High Strength
- Ultra-High Strength
Europe By Current
Europe By Application
- High Tension
- Extra High Tension
- Ultra-High Tension
The above information has been provided for the following countries:
- South Korea
- New Zealand