Overhead Conductor Market Analysis

Type Segment Analysis

The ACSR (aluminum conductor steel reinforced) segment is anticipated to hold a 32% share during the forecast period as it is cost-effective, has high tensile strength, and is suitable for long-span transmission lines. A report published by the U.S. Department of Energy (DOE) on Advanced Conductor in December 2023 stated that Aluminum Conductor Composite Core (ACCC) offers significantly improved performance. Moreover, it includes up to 40% less energy losses, 50% less sag, and can double transmission capacity without necessitating additional right-of-way. These characteristics are augmenting the segment growth during the forecast period.

Material Segment Analysis

The aluminum segment is anticipated to command a 62.5% share through 2037 owing to its light weight, low cost, and better conductivity for overhead transmission. Its widespread availability and recyclability conform to the sustainability model, further driving adoption. The segment growth is supported by rising demand for efficient transmission of power in industrial and urban areas. With energy efficiency and grid reliability becoming the focus for utilities, the application of aluminum in conducting production is likely to continue to increase. 

Current Type Segment Analysis

The High Voltage Alternating Current (HVAC) segment is anticipated to hold 77% of the market by 2037. The growth of the segment can be attributed to its widespread usage in long-distance power transmission and compatibility with the current grid infrastructure. The segment is fueled by development in transmission network upgradation to deal with the rising demand. HVAC remains the pillar of global power systems. The HVAC industry also benefits from the development of new technologies like HTLS and smart conductors that enhance ampacity and reduce losses without the need for new infrastructure. 

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