Overhead Conductor Market Outlook:
Overhead Conductor Market size was valued at USD 12.5 billion in 2024 and is projected to reach a valuation of USD 24.8 billion by the end of 2037, rising at a CAGR of 5.7% during the forecast period, i.e., 2025-2037. In 2025, the industry size of overhead conductor is estimated at USD 13.3 billion.
The market is garnering significant growth as global energy needs and grid modernization activities drive investment and innovation. Businesses are focusing on new materials and intelligent technology to enhance transmission efficiency and reliability, particularly for the integration of renewable energy. APAR Industries launched new-generation HTLS conductors in June 2024, featuring improved corrosion resistance, targeting U.S. and European utilities for the replacement of existing network lines. Governments around the world are prioritizing sustainable energy infrastructure, with policy support for high-capacity, low-loss conductors to meet carbon reduction goals. In 2024, the United States Department of Energy reported that grid modernization efforts could save up to 348 terawatt-hours of electricity by 2035, utilizing efficient transmission systems. This regulatory push, combined with urbanization, is opening the door for robust market development.
Players are observing a significant opportunity in the rising application of smart grid technology and cross-border transmission grids, offering new prospects for conductor utilization. In June 2025, a project sponsored by the DOE began to develop ACNT conductors in partnership with Prysmian and DexMat, laying the groundwork for next-generation overhead conductor technology based on aluminum-carbon nanotube cores for all-weather reliability. Advances such as the deployment of real-time monitoring sensors are gaining traction, which is making grids more resilient. Governments are also investing heavily in renewable energy projects, which can be seen in the ambitious grid expansion plans of Asia Pacific. All these factors are driving the overhead conductor market towards a future that is innovative and sustainable in nature.
