Overhead Conductor Market Market Size

Overhead Conductor Market size is anticipated to surpass USD 1 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of overhead conductor was over USD 698 Million. Market expansion will be fueled by growing expenditures in creating a sustainable electrical grid and advantageous regulatory changes about electrification in grid-isolated areas. For instance, by the end of 2030, around USD 633 billion would have been invested in the electrical grid, according to the European Union action plan that was released at the end of 2022. Also, the State Grid Corporation of China declared an investment of USD 77 billion in transmission in 2023.  Therefore, the growing expenditure on smart grids will propel the growth of the overhead conductor market.  

For effective long-distance power transfer, overhead line conductors are necessary. Reliable electricity transport over long distances is ensured by the capacity to handle huge electrical loads. The need for energy has grown as a result of the expansion of urban and industrial sectors. Overhead conductors provide cost-effective solutions, making them a preferred choice for expanding power grids in urban areas.