Overhead Conductor Market share to hit over 4 million ckt km by 2024: Global Market Insights Inc. The research report “Overhead Conductor Market Size By Product (Conventional Conductors {ACSR, AAAC, ACAR, AACSR, AAC}, High Temperature Conductors {Tal, ZTAl}, Others {ACFR, ACCR, ACCC, CRAC, Gap Conductors}), By Voltage (132 kV to 220 kV, 221 kV to 660 kV, > 660 kV), By Rated Strength (High Strength {10 kN to 75 kN}, Extra High Strength {76 kN to 150 kN}, Ultra High Strength {> 150 kN}), By Current (HVAC, HVDC), Application (High Tension, Extra High Tension, Ultra High Tension), Industry Analysis Report, Regional Analysis (U.S., Canada, Mexico, UK, France, Italy, Germany, Sweden, Russia, Spain, China, Japan, South Korea, India, Australia, Indonesia, New Zealand, Malaysia, UAE, Saudi Arabia, Qatar, Kuwait, Oman, Turkey, South Africa, Egypt, Nigeria, Brazil, Peru, Chile, Argentina), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024” by Global Market Insights, Inc. says, overhead conductor market size slated to surpass a valuation of USD 29 billion by 2024. The growth graph of overhead conductor market stands exponentially high as on present-day, courtesy – the robustly growing need for uninterrupted electricity supply without power deficit. In the face of rapidly changing electricity trends, it is vividly discernible that the extensive demand for uninterrupted power in conjunction with the efforts undertaken toward low energy consumption for ecological balance would have a rather profound impact on overhead conductor market outlook. One of the principal factors that would lead to reduced and optimized energy consumption is the upgradation of existing transmission networks spread across the globe. As the enhancement of transmission lines and older grids gains mainstream precedence, conductors of all categories – conventional, high-temperature, and others, would claim preferential demand, eventually augmenting the revenue graph of overhead conductor market.
Having potentially recognized the dangers lurking amidst increased energy consumption in a scenario plagued with environmental concerns, numerous regulatory and governmental bodies across the globe have been taking an apprehensive interest in overhead line upgradation, that would irrefutably boost the overall overhead conductor market. For instance, the ESB International’s AMS (Asset Management Services) unit undertakes responsibility for maintaining and upgrading the ESB transmission network between a voltage range of 110 kV to 400 kV, while simultaneously managing the refurbishment of existing transmission lines. Despite the presumed heavy expenditure, it would be dire imbecility to deny the fact that a major network upgradation at a global scale is on the cards – a game1|Page