Overhead Cables Market by Type (Extra-high Voltage, High Voltage, Low Voltage), Core Type (Four Cores, Single Core, Three Cores), Conductor Type, Application - Global Forecast 2024-2030

Overhead Cables Market by Type (Extra-high Voltage, High Voltage, Low Voltage), Core Type (Four Cores, Single Core, Three Cores), Conductor Type, Application - Global Forecast 2024-2030

The Overhead Cables Market size was estimated at USD 15.77 billion in 2023 and expected to reach USD 16.68 billion in 2024, at a CAGR 5.87% to reach USD 23.53 billion by 2030.

Overhead cables are electrical lines that are suspended between poles or towers, used to transfer electrical power from one point to another, and can serve as a source of backup power. Overhead cables are constructed in different sizes and strengths depending on the voltage required for transmission. Applications for overhead cables include residential and commercial electricity distribution, high-voltage power lines for industrial use, telecommunications systems, television antennas and other broadcasting systems, railway electrification systems, and catalyst networks for electric vehicles, among others. Rising electricity consumption and establishing new power lines have been the key factors aiding the market growth. Increasing smart grid investment and the use of overhead cables for grid interconnection also elevate the cables’ demand. Susceptibility of overhead conductor lines to lightning and bad weather and their safety concerns impede product penetration. However, technological improvements in cables, the introduction of new safety standards, and the availability of safety certifications have enabled them to sustain their utility. The adoption of overhead cables for large-scale renewable energy projects is also a major factor encouraging market development.

Regional Insights

The Americas overhead cable market is advanced, driven by multiple product development and expansion strategies adopted by the players to meet their increasing demand from the power and energy sector. The U.S. and Canada have initiated several power generation and grid modernization projects with government support, elevating the need for overhead cables. Europe, the Middle East, and Africa’s overhead conductor market is mature, characterized by well-established intercontinental players consistently involved in acquisitions, partnerships, and investment strategies for market development. The growing transition toward renewable energy in the EMEA has accelerated the need for robust power transmission and distribution lines. Vendors in the EMEA are also working toward launching sustainable overhead wires to strengthen their sustainability strategy and accelerate their race to net-zero CO2 emissions. The public and private sectors make considerable investments in developing microgrids to enhance local resiliency and improve the operability and stability of regional electric grids, developing a potential platform for overhead cables in the Asia-Pacific region. The Asia-Pacific region observes significant production and exports of electric conductors owing to the massive presence of raw materials and low-cost manufacturing procedures, building a strengthened platform for the overhead cable market.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Overhead Cables Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Rising electricity consumption and establishment of new power lines
    • Increasing smart grid investment and use of overhead cables for grid interconnection
    • Government initiatives for modernizing aging power & telephone network transmission
    • Market Restraints
      • Susceptibility of overhead conductor lines to lightning and bad weather
      • Market Opportunities
        • Adoption of overhead cables for large-scale renewable energy projects
        • Technological improvements in overhead cables and rise of sustainable products
        • Market Challenges
          • Hazards and safety concerns in overhead cables
          • Market Segmentation Analysis
            • Type: Ongoing advancements in high voltage cables to enhance durability and performance for offshore wind farms
            • Application: Industries prefer overhead cables that can withstand harsh environments and high temperatures
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Overhead Cables Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Overhead Cables Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Laser Power and Infra Aims at 100 Percent Capacity Expansion
              
              Laser Power and Infra recently announced their plans to expand their operations by 100 percent. To achieve this goal, the company is looking into installing new overhead cables, leveraging the latest technologies and solutions to ensure energy efficiency and reliability. This expansion creates more employment opportunities for the local community and helps further economic growth. The company hopes its ambitious project succeeds, as it provides many benefits for all stakeholders involved.
              
              Government approves plans for new overhead power lines
              
              The government has approved plans to create new overhead power cables nationwide, which is a highly positive step forward, as it shows a significant commitment to improving our energy infrastructure to provide numerous benefits, such as increased reliability and cheaper electricity prices. It is an exciting time for us all that promises excellent progress in the years to come.
              
              Sumitomo Electric Unveils Overhead Cable Technology for Enhanced High-Voltage Transmission
              
              Sumitomo Electric Industries, Ltd. announced the successful completion of its cutting-edge overhead power cable technology, designed to expand its high-voltage transmission capacity across remote regions. This technological innovation allows efficient power distribution with lightweight cables and offers excellent durability in various environmental conditions. With the potential to reduce electricity loss and improve energy efficiency, this new overhead cable technology offers significant economic and ecological benefits.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Overhead Cables Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Overhead Cables Market, highlighting leading vendors and their innovative profiles. These include Alfanar Group, Apar Industries Limited, Belden Inc., Elsewedy Electric Co. S.A.E., Encore Wire Corporation, Furukawa Electric Co. Ltd., Hengtong Group Co., Ltd., KEC International Limited by RPG Group, KEI Industries Limited, Lamifil NV, Laser Power and Infra Pvt. Ltd., LS Cable & System Ltd., Lumino Industries Limited, LUMPI-BERNDORF Draht- und Seilwerk GmbH, MIDAL CABLES COMPANY B.S.C., Nexans S.A., Nirmal Group, NKT A/S, PRYSMIAN S.p.A., Riyadh Cables Group, Southwire Co. LLC, Sterlite Power, Sumitomo Electric Industries, Ltd., SWCC Corporation, Tratos Cavi S.p.A., Trefinasa, United Cable Industries Company, Versalec Cables, and ZMS CABLE GROUP.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Overhead Cables Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Type
              • Extra-high Voltage
              • High Voltage
              • Low Voltage
              • Medium Voltage
              • Core Type
                • Four Cores
                • Single Core
                • Three Cores
                • Two Cores
                • Conductor Type
                  • All Aluminium Alloy Conductors
                  • All Aluminium Conductor Steel Reinforced
                  • All Aluminium Conductors
                  • Aluminium Conductor Alloy Reinforced
                  • Application
                    • Commercial
                    • Industrial
                    • Residential
                    • Region
                      • Americas
                        • Argentina
                        • Brazil
                        • Canada
                        • Mexico
                        • United States
                          • California
                          • Florida
                          • Illinois
                          • New York
                          • Ohio
                          • Pennsylvania
                          • Texas
                          • Asia-Pacific
                            • Australia
                            • China
                            • India
                            • Indonesia
                            • Japan
                            • Malaysia
                            • Philippines
                            • Singapore
                            • South Korea
                            • Taiwan
                            • Thailand
                            • Vietnam
                            • Europe, Middle East & Africa
                              • Denmark
                              • Egypt
                              • Finland
                              • France
                              • Germany
                              • Israel
                              • Italy
                              • Netherlands
                              • Nigeria
                              • Norway
                              • Poland
                              • Qatar
                              • Russia
                              • Saudi Arabia
                              • South Africa
                              • Spain
                              • Sweden
                              • Switzerland
                              • Turkey
                              • United Arab Emirates
                              • United Kingdom
                              
                              
                              Please Note: PDF & Excel + Online Access - 1 Year