Sellbyville, Delaware, Oct. 01, 2018 (GLOBE NEWSWIRE) --
Global Overhead Conductor Market is poised to cross USD 800 Million by 2024, as reported in the latest study by Global Market Insights, Inc. Positive regulatory mandates toward the upgradation of cross border electric infrastructure in line with rising demand for retrofitting & refurbishment of ageing transmission network will propel the overhead conductor market share. Favorable policy interventions along with positive sectoral reforms favored by rapid economic growth have further complemented the energy industry share. Aggregate technical & commercial coagulated by growing transmission losses, result in deficiency in terms of energy and revenue realization which in turn will thrust the integration of efficient transmission components.
> 660 kV units in the recent years, have observed substantial growth on account of the ongoing expansion for ultra-high-tension transmission networks to endure losses accrued from the long-distance power supply. Less utilization of conductor materials, lower sagging and effective long-route transmission of electricity are essential factors evaluated to strengthen the product penetration. Shifting focus towards the adoption of HVDC transmission network to meet cross-border electricity demand will further complement the global overhead conductor market.
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Europe overhead conductor market will witness escalation on account of stringent energy efficiency mandates coupled with increasing share of electricity from sustainable energy sources. Government with an aim to establish a reliable energy infrastructure have been channelizing investment to cater their networks for electricity generation, transmission & distribution. EU’s policy objectives include investment and restructuring towards a reliable grid network to fit renewable resources and fulfil the increase in energy demand.
High strength overhead conductor market will exceed yearly installation of 50 ‘000 km by 2024. Large capacity industrial installations and viability across utility aided transmission lines will positively stimulate the industry outlook. These units witness substantial installation across various transmission networks requiring comparatively higher ampacity across the large-scale regional grid infrastructure.
Browse key industry insights spread across 740 pages with 1420 market data tables & 56 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
Favorable regulatory mandates toward the refurbishment & retrofitting of ageing electric transmission network along with ongoing industrial upgradation will stimulate the overall overhead conductor market size. In addition, rapid technological enhancements along with utility shift towards energy efficiency will further thrust the product demand.
Ultra-high-tension (UHT) overhead conductor market will gain impetus on account of decreased line losses & higher ampacity in line with increasing investment from state-owned utilities toward the establishment of cross border transmission infrastructure. In addition, robust expansion of HVDC transmission infrastructure along with rising focus to integrate renewable energy system will positively sway the industry dynamics.
Eminent players across overhead conductor market comprise Gupta Power, LAMIFIL, ZTT, APAR, Sumitomo, Hindustan Urban Infrastructure, Sterlite, Neccon, LUMPI BERNDORF, Nexans, China Top Cable, Diamond Power Infrastructure, General Cable, Gulf Cable, CTC, 3M, CAFCA, KEI, Oman Cables, Taihan, Midal, Prysmian, Alcon, Alfanar, CABCON, Coreal, Tropical Cable, Riyadh Cables, Jeddah, SWCC, Southwire, Special Cables, Elsewedy, Fifan, Galaxy, Bekaert, Arrow and Kelani.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.