Asia Pacific Overhead Conductor Market To Witness Accelerated Growth by 2027 - PowerPoint PPT Presentation

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Asia Pacific Overhead Conductor Market To Witness Accelerated Growth by 2027

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Asia Pacific Overhead Conductor Market size is expected to witness significant growth By 2027. As sustainable power grid infrastructure has gained the centerstage across the globe, APAC overhead conductor industry forecast is consistently moving ahead. Ongoing government focus toward micro-grid network proliferation can open up new avenues for overhead conductor manufacturers in Asia Pacific. Some of the leading players include Prysmian Group, KEI Industries, Nexans, Gupta Power, Sterlite Power, Hindusthan Urban Infrastructure, ZMS Cable, and APAR. – PowerPoint PPT presentation

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Title: Asia Pacific Overhead Conductor Market To Witness Accelerated Growth by 2027


1

Asia Pacific Overhead Conductor Market To Witness
Accelerated Growth by 2027
  • Asia Pacific Overhead Conductor Market size is
    expected to witness significant growth By 2027.
    As sustainable power grid infrastructure has
    gained the centerstage across the globe, APAC
    overhead conductor industry forecast is
    consistently moving ahead. Ongoing government
    focus toward micro-grid network proliferation can
    open up new avenues for overhead conductor
    manufacturers in Asia Pacific. Some of the
    leading players include Prysmian Group, KEI
    Industries, Nexans, Gupta Power, Sterlite Power,
    Hindusthan Urban Infrastructure, ZMS Cable, and
    APAR.
  • With the growing public and private investments
    in the development of smart grid networks, the
    necessity for low cost terminals that offer
    efiicient voltage transformation between circuits
    has increased. As they cater to the need for such
    systems, HVAC overhead conductors are being
    integrated across the grids in Asia Pacific,
    particularly China. These devices can provide
    higher conductor integration across specific
    transmission distances than the other equivalent
    counterparts.

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  • China overhead conductor market size is likely to
    increase through 2021-2027, favored by the robust
    industrial growth despite the blow from the
    COVID-19 pandemic. Energy consumption throughout
    the nation has increased substantially over the
    last decade. Continuous migration to urban
    centers, emergence of suburban areas, and a
    thriving commercial sector are influencing Asia
    Pacific overhead conductor industry outlook. The
    government of the Peoples Republic of China
    recently announced the successful completion of
    its China-Laos Railway Power Supply Project,
    which includes 2,220 towers and 936 km of
    overhead lines, connecting 24 traction
    substations. These overhead power transmission
    lines are integrated with overhead power
    conductors.
  • The fast-paced economic development of Chinese
    provinces has accelerated the need for a safe,
    consistent, and reliable power supply. Mobile
    substations that are connected to overhead
    transmission lines for ensuring continuous power
    supply are being deployed in the region. For
    instance, recently in September 2021, for the
    first time in the nation, a mobile substation was
    deployed at the Xujia Substation in Dujiangyan,
    Chengdu, as backup power supply during capacity
    expansion and reconstruction of the Xujia
    Substation.

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  • The 221kV to 660kV overhead conductor segment is
    expected to gain traction from 2021 to 2027 in
    Asia Pacific. The conducive regulatory scenario
    in South Korea, India, Australia, and Japan has
    been enabling the segment growth
  • Extensive renewable energy adoption
  • Technologically advanced techniques for power
    generation and distribution
  • Upgradation of grid infrastructure
  • Augmented electricity consumption across
    residential and commercial spaces
  • The COVID-19 pandemic affected every region
    across the world, be it low-, mid-, or
    high-income economies. Highly-populated countries
    in Asia Pacific bore the brunt of a spiralling
    number of COVID-19 patients during all the three
    waves. The ongoing recommencement of industrial
    and commercial operations after ease in lockdown
    restrictions can aid manufacturers to make a
    comeback. Thanks to the pandemic, the volume of
    electricity consumption is growing rapidly across
    residential complexes as well, generating
    opportunties for the industry participants.
  • APAC overhead conductor market share from the
    extra high-strength overhead conductors is
    expected to grow at a high CAGR up to 2027, due
    to the utilization of these units in
    high-capacity industrial facilities as well as
    utility-assisted transmission networks. The
    mining as well as oil and gas industries in the
    region are making strides. The industrial
    processes in these sectors require high intensity
    power transmission lines to ensure reliability
    and prevent conduction losses. Since
    high-strength rated products offer operational
    feasibility and are more durable, their adoption
    rate is expected to see an upswing through the
    next six years.

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Segments of Asia Pacific Overhead Conductor
Market
  • Asia Pacific By Product
  • Conventional
  • High Temperature
  • Asia Pacific By Voltage
  • 132 kV to 220 kV
  • 221 kV to 660 kV
  • gt660 kV
  • Asia Pacific By Rated Strength
  • High Strength
  • Extra High Strength
  • Ultra-High Strength

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