Overhead Conductor Market Market Analysis

Current Type (HVAC, HVDC)

HVAC segment in the overhead conductor market is anticipated to hold the largest share of 55% during the projected period. Product uptake is expected to be aided by the increasing ampacity and overall performance requirements for electrical transmission networks, which are being pushed by simultaneous reforms and mandates. Furthermore, the development of energy-efficient electric networks and the growing worries regarding the accumulation of electric infrastructure have prompted the introduction of HVAC transmission products. Furthermore, HVAC systems are becoming more capable and efficient due to continuous improvements in conductor design and technology. Higher transmission capacities and lower power transmission losses are made possible by this. Additionally, IoT technology has made it possible for the HVAC sector to create smart HVAC systems that can be remotely monitored, controlled, and managed via a centralized system. Therefore, these factors are propelling the growth of the HVAC segment market.

Voltage (132 kV to 220 kV, 221 kV to 660 kV, >660 kV)

Overhead conductor market for the >660 kV segment is expected to hold a significant share of 44% by the end of 2037. Segment development is being aided by the paradigm change toward repairing and reconstructing the current energy infrastructure for long-distance electrical transmission in the utility, commercial, and industrial sectors. In addition, there are significant initiatives underway to expedite the upgrade of the high-voltage transmission networks that are currently in place, as well as the integration of power produced from renewable sources into the national distribution network. For instance, with a more than 50% share of the global energy sector in 2022, modern bioenergy is currently the greatest source of renewable energy worldwide. The current state of affairs appears optimistic, and 2022 set a record for the yearly addition of renewable electricity capacity, totalling about 340 GW. Also, the increasing demand for electricity and the necessity to transmit higher amounts of power over larger long distances.

Our in-depth analysis of the global overhead conductor market includes the following segments: