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The Overhead Conductors Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Overhead Conductors is the increasing demand for Overhead Conductors in various industries.
This report on the Overhead Conductors Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Overhead Conductors Market. The report intends to present a thorough analysis of the Overhead Conductors Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Overhead Conductors Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Overhead Conductors Market are-
Lamifil, ZTT,
Sumitomo Electric Industries, Ltd.,
APAR Industries Ltd.,
Nexans,
CTC Global Inc.,
Prysmian Group,
LUMPI-BERNDORF Draht- und Seilwerk GmbH,
Special Cables Pvt. Ltd.,
Neccon Power & Infra Limited,
3M,
Taihan Electric Wire Co., Ltd.,
Midal Cables Ltd.,
KEI Industries Limited,
Diamond Power Infrastructure Ltd.,
SWCC Showa Holdings Co., Ltd.,
Southwire Company LLC,
CABCON India Limited,
Oman Cables Industry,
Galaxy Transmissions Pvt., Ltd.,
Bekaert,
Kelani Cables PLC.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Overhead Conductors Market value and growth drivers over the trend period of 2022-27. According to the report -
Overhead Conductors market is likely to witness a CAGR of 10.5% during the forecast period. The prime factors that are driving the overhead conductors’ market are the initiatives towards upgradation of conventional grid transmission sub-structures and ongoing establishment of cross border electrical networks.
Based on Product Type:
Based on the product type, the market is segmented as conventional conductors, high temperature conductors, and others. Conventional conductors dominated the market in 2021 and are expected to maintain their position during the forecast period. Conventional conductor is further segmented into ACSR, AAAC, ACAR, AACSR, and AAC. in 2021, ACSR held more than 50% share of the market and is likely to witness a healthy growth during 2020-2025.
Based on Region:
In terms of regions, Asia-Pacific is estimated to be the largest market for overhead conductors during the forecast period. China, Japan, India, and Australia are among the largest consumers of overhead conductors in the region. Significant investments towards modernization of existing grid network and expansion towards remote areas are the major factors contributing towards the dominance of the region in the global market. North America and Europe are also expected to witness a healthy growth during the forecast period.
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