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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2 - 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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4 - 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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5 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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