Optical Ground Wire (OPGW) Market By Type (Loose Tube Structure, Tight Tube Structure) , By Material Type (Metallic, Non-metallic) By Application (Renewable Energy, Telecommunications, Energy and Utilities, Oil and Gas, Mining, Infrastructure, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Optical Ground Wire (OPGW) Market
The optical ground wire (OPGW) market was valued at $0.9 billion in 2023 and is projected to reach $1.3 billion by 2033, growing at a CAGR of 4.7% from 2024 to 2033.
Optical ground wire (OPGW) is an overhead power line cable formed from iron- and titanium-based alloy. The cable is enclosed in steel and aluminum wires, which facilitate tower attachment to the ground. OPGW is a replacement for the traditional earth wires and serves to protect the high voltage phase wire on towers from lightning strikes. In addition, the wire is critical for data transmission from generating stations to load dispatch centers.
Expansion of the telecommunications infrastructure is a significant driver of the optical ground wire (OPGW) market. In addition, rise in the deployment of OPGW in renewable energy projects is augmenting the market development. The cable elevates the transmission capabilities of renewable energy, making it a critical component in solar and wind farms. A key trend acquiring traction in the optical ground wire (OPGW) market is the assimilation of OPGW technology with satellite networking. This consolidation facilitates the scalability of reliable communication infrastructure and assists in grid integration into renewable energy infrastructure.
However, the replacement and retrofitting of OPGW is an intricate & expensive procedure, which hampers the market growth. Furthermore, volatility in the prices of raw materials associated with the manufacturing of OPGW leads to restrained market development. On the contrary, continuous expansion of telecommunication infrastructure owing to rise in adoption of the Internet of Things (IoT) devices is projected to open new avenues for the optical ground wire (OPGW) market. According to the “Perspectives from the Global Telecom Outlook” by PwC, the number of operating IoT devices is projected to upsurge from 16.4 billion in 2022 to 25.1 billion by 2027. This expansion is anticipated to boost the installation of OPGW in coming years.
Segment ReviewThe optical ground wire (OPGW) market is segmented into type, material type, application, and region. On the basis of type, the market is bifurcated into loose tube structure and tight tube structure. Depending on material type, it is divided into metallic and non-metallic. As per application, it is categorized into renewable energy, telecommunications, energy & utilities, oil & gas, mining, infrastructure, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of type, the loose tube structure segment is anticipated to be the highest shareholder during the forecast period.
Depending on material type, the non-metallic segment is projected to account for a high market share by 2033.
As per application, the energy & utilities segment is predicted to acquire a high stake in the market throughout the forecast period.
Region wise, Asia-Pacific is expected to be the highest revenue generator by 2033.
Competition AnalysisThe leading players operating in the global optical ground wire (OPGW) market include Prysmian Group, ZTT International, Apar, Sterile Technologies, LS Cable & System, Tratos, NKT Cables, DeAngeli Prodotti S.r.l., Caledonian Cables Limited, and American Wire Group. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
Key Market SegmentsBy TypeLoose Tube Structure
Tight Tube Structure
By Material TypeMetallic
Non-metallic
By ApplicationRenewable Energy
Telecommunications
Energy and Utilities
Oil and Gas
Mining
Infrastructure
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Rest of LAMEA
Key Market PlayersPrysmian Group
ZTT International
Apar
Sterile Technologies
LS Cable & System
Tratos
NKT Cables
DeAngeli Prodotti s.r.l
Caledonian Cables Limited
American Wire Group