Transparency Market Research in its new report titled, “Overhead Conductors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the overhead conductors market. The TMR report anticipates that the rise in demand for production of green products will boost the growth of the overhead conductors market during the forecast period i.e, 2018-2026. Manufacturers of overhead conductors are largely focusing on developing wires and cables with less detrimental impact on the environment. New technological advancements and inventions are being developed to lower the manufacturing costs of overhead conductors. Regulatory measures by developed and developing countries toward the existing transmission losses have compelled installers to focus on effective and reliable product development, says the report.
According to the report, the usage of overhead conductors visually distracts the environment. Birds, low flying aircraft, drones, and surveillance cameras are affected by overhead conductors. Safety issue and scarcity of high skilled labor to handle ultra-high overhead conductors are the major restraints of using overhead conductors. The TMR report has segregated the overhead conductors market based on voltage type, application, and region. In terms of voltage type, the overhead conductors market is split into 130 kV to 225 kV, 226 kV to 650 kV, and above 651 kV. On the basis of application, the overhead conductors market is classified into high tension, extra high tension, and ultra-high tension. High voltage overhead transmission lines are utilized to transfer electricity over long distances from central substation to the main substation. The transfer of electricity over long distances above 225 kV transmission voltage are termed extra high tension transmission lines. Transfer of electricity more than 650 kV over longer distance are known as ultra-high tension transmission lines, says TMR analyst.
From a regional perspective, TMR expects North America offering high potential for the overhead conductors market. The use of overhead conductors is projected to augment in North America., as the U.S. Government plans to refurbish and revamp its infrastructure and produce eco-friendly energy distribution and transmission control systems. Countries in Asia Pacific such as India, China, and Japan are investing significantly in the manufacture of environmentally-friendly overhead conductors. Several end-users are replacing their old equipment such as transmission and distribution transformers, power cables, circuit-breakers, and switchgears with technically advanced transmission and distribution equipment to revamp their existing transmission network. This is driving the demand for overhead conductors. Countries in Europe such as Germany, France, Sweden, and the U.K. are focusing on increasing their infrastructure investments for the development of renewable energy projects. This is anticipated to create the need to connect renewable energy sources to the grid network, thereby augmenting the usage of overhead conductors due to their properties such as low transmission loss. The overhead conductors market in Middle East & Africa is anticipated to expand rapidly in the near future. Countries such as Saudi Arabia, Kuwait, Bahrain, and Qatar have invested significantly in overhead conductors for the development of infrastructure.
Major players operating in the overhead conductors market are profiled in this report and these include General Cable, Nexans, Southwire, Midal Cables, and Prysmian Group.
About Us
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com