Sellbyville, Delaware , Dec. 20, 2017 (GLOBE NEWSWIRE) --
Global Overhead Conductor Market size is projected to surpass USD 29 billion by 2024, as reported in the latest study by Global Market Insights, Inc. Growing regulatory measures toward accruing transmission line losses across the globe will stimulate the overhead conductor market size. Ongoing reforms pertaining to energy efficiency coupled with the integration of smart networking technologies will lead to the enhancement of the existing transmission networks. The European Energy Efficiency Directive (2012/27/EU) maps grid energy efficiency, losses, operational efficiency improvement potential, and similar parameters to enhance the effectivity of the existing grid infrastructure.
The U.S. overhead conductor market size is set to reach over 400 ‘000 ckt km by 2024. Favorable reforms toward the refurbishment and retrofitting of existing grid infrastructure coupled with rapid integration of advance electric transmission components will augment the industry growth. In addition, increasing energy demand coupled with rising infrastructural spending across the nation will further complement the business landscape.
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Inadequate electrical supply due to the lack of an effective grid network fuel the expansion & enhancement of transmission networks which in turn will augment the overhead conductor market growth. Furthermore, grid integration of renewable technologies coupled with the ongoing expansion of cross-border transmission networks will further complement the industry outlook.
221 kV to 660 kV in 2016, dominated the overhead conductor market share owing to large-scale demand for electricity from industrial establishments. In addition, ongoing expansion of extra high-tension transmission networks across mining and Oil & Gas processes will positively influence the business growth. Stringent energy efficiency protocol favored by advancing conductor composition technologies will further thrust the business outlook.
Browse key industry insights spread across 788 pages with 1420 market data tables & 63 figures & charts from the report, “Overhead Conductor Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/overhead-conductor-market
Rapid industrial expansion coupled with ongoing urbanization across developing economies of Asia Pacific & Africa have instituted a favourable business layout. Industry participants across the sub-continents on account of favourable investment and regulatory prospects have witnessed the fabrication of a competitive industrial platform. In addition, proliferating economic zones will escalate regional energy consumption, which in turn will positively impact the overhead conductor market scenario.
China overhead conductor market is anticipated to witness growth over 1% by 2024. Favourable government norms pertaining to the replacement of conventional electric networks with sustainable resources will escalate the product demand. Ongoing expansion of domestic transmission grid infrastructure coupled with favourable political inclination towards cross-border electric interconnection will further embellish the business outlook.
High temperature overhead conductor market is anticipated to exceed USD 10 Billion by 2024. The penetration of high-temperature conductors over the years has accelerated subject to the high-temperature bearing capacity and the ability to retain conductance when compared to the existing conventional technologies. Lower sag, low expansion coefficient, and reduced knee-point temperature are the few parameters which will positively impact the product penetration.
Notable players across the overhead conductor market include ZTT, Prysmian, Sumitomo, APAR, LAMIFIL, Neccon, Nexans, CTC, General Cable, 3M, Taihan, Midal, Alfanar, Sterlite, Coreal, Versalec, Gulf Cable, KEI, LS Cable, Jeddah, SWCC, Oman Cables, Elsewedy, Bekaert, and others.
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