Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Aluminium Conductor Steel-reinforced Cable Market size was estimated at USD 3.2 billion in 2024 and is expected to surpass USD 4.64 billion by the end of 2037, rising at a CAGR of 2.9% during the forecast period, i.e., 2025-2037. In 2025, the industry size of aluminium conductor steel-reinforced cable is assessed at USD 3.29 billion.
The aluminium conductor steel-reinforced cable market expansion is driven by its long-range, high-voltage electrical transmission capabilities, lightweight design, and exceptional mechanical strength. In 2024, electricity consumption increased by an estimated 4.3% year over year, up from 2.5% in 2023. During our projection period, growth is anticipated to continue at a strong 3.9%. In 2024, emerging economies accounted for 54% of the global increase in energy demand, with the People's Republic of China driving the majority of this rise.
Developing nations will continue to be the main drivers of growth through 2027, contributing over half of the increases and around 85% of the increased global demand for energy. This marks a substantial increase in reliable transmission solutions. It has a core of galvanized steel wire and one or more layers of hard-drawn 1350-H19 aluminum wire stranded concentrically. Depending on its size, the core may be stranded or a single wire. To prevent corrosion, steel core wire is offered in ACSR, ACSR/TW, or ACSR/AW varieties. Grease can be applied to the core or infused into the completed conductor to provide additional corrosion prevention. The mechanical strength and current carrying capacity required by each application can be used to determine the ratio of steel to aluminum in an ACSR conductor.
Aluminium Conductor Steel-reinforced Cable Market: Growth Drivers and Challenges
Growth Drivers
- Rising demand for renewable energy and infrastructure expansion: The global trend toward renewable energy, as well as the resulting requirement for expanded power infrastructure, is likely to propel the industry. Governments all across the world are making significant investments in renewable energy projects such as wind and solar farms, especially in areas that are developing quickly. These projects require significant power transmission networks to connect isolated renewable energy sources with national grids.
The aluminium conductor steel-reinforced cable market is further driven by the drive for infrastructure modernization in industrialized nations, which aims to make energy systems less carbon-intensive and more sustainable. To manage growing loads and stop energy loss, this involves swapping out outdated power lines for ACSR cables. - Expanding grid infrastructures: The development of electrical grid infrastructures in emerging nations presents a substantial growth opportunity for the aluminium conductor steel-reinforced cable market due to their longevity and effectiveness in transmitting electricity over long distances, ACSR cables are the perfect choice for these expansions, which frequently call for strong, high-capacity transmission lines. Infrastructure projects in these areas are receiving more and more government initiatives and foreign finance to enhance access to power and promote economic growth. Due to their ability to manage high voltages and currents, ACSR cables are appropriate for these uses, guaranteeing low energy loss over long transmission lengths.
Challenges
- Supply chain disruptions and logistics challenges: The high cost of creating and installing these wires is also a challenge. Large amounts of steel and aluminum are needed to produce ACSR cables, but the cost of these components can vary greatly depending on aluminium conductor steel-reinforced cable market demand and geopolitical conditions. Costs for manufacturers, power companies, and other end users may become uncertain as a result of this fluctuation. Fluctuations in raw material costs make it difficult for manufacturers to maintain stable pricing, impacting profitability and demand. Further, disruptions in global trade routes can also slow down supply chains, causing project delays.
- Competition from alternative competitors: Due to developments in cable technology and the introduction of substitute materials such as composite materials, aluminum alloys, and optical fibers, traditional ACSR cables are being challenged by alternatives that provide advantages such as increased flexibility, enhanced conductivity, and decreased weight. In the face of increasing competition, ACSR producers are struggling to differentiate their goods and maintain aluminium conductor steel-reinforced cable market share.
Aluminium Conductor Steel-reinforced Cable Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
2.9% |
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Base Year Market Size (2024) |
USD 3.2 billion |
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Forecast Year Market Size (2037) |
USD 4.64 billion |
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Regional Scope |
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Aluminium Conductor Steel-reinforced Cable Segmentation
Type (Aluminium Conductor Steel Reinforced (ACSR), ACSR/AW – Aluminum Conductor Aluminum Clad Steel Reinforced, and ACSR/TW – Trapezoidal Aluminum Conductor Steel Reinforced)
Aluminium conductor steel reinforced segment is likely to hold more than 54.5% aluminium conductor steel-reinforced cable market share by 2037. It is ideal for infrastructure modernization in industrialized nations, which aims to make energy systems less carbon-intensive and more sustainable. ACSR cables' high tensile strength, conductivity, and longevity make them popular in electrical transmission and distribution systems.
In addition, important to the aluminium conductor steel-reinforced cable market are the ACSR/AW and ACSR/TW varieties. Their enhanced conductivity and corrosion resistance due to their aluminum-clad steel core, ACSR/AW cables are appropriate for corrosive and coastal settings.
The aluminum conductor of ACSR/TW cables has a trapezoidal shape, which is intended to lessen noise and vibrations caused by wind in overhead transmission lines, especially in regions that are subject to strong winds and severe weather. Even while ACSR is still the market leader, the unique characteristics of the ACSR/AW and ACSR/TW versions meet the needs of particular industries and specialized applications, adding to the market's overall diversity.
Application (Bare Overhead Transmission Conductor, Primary and Secondary Distribution Conductor)
Based on the application, the bare overhead transmission conductor segment aluminium conductor steel-reinforced cable market is likely to hold a noteworthy share by the end of 2037. The market growth is primarily due to increasing demand for long-distance transmission of electricity, showcasing its critical role in national power grids. Moreover, the Primary and Secondary Distribution Conductor segment serves the distribution networks, which are necessary for supplying end users with power. Additional applications highlight the adaptability of ACSR cables in fulfilling a range of electrical requirements, including specialized applications in numerous industrial and infrastructural projects.
The substantial demand for ACSR cables in local distribution networks and urban infrastructure projects is shown in the Primary and Secondary Distribution Conductor segment's dominance. These cables are necessary to support the expansion and development of communities and industry by guaranteeing dependable power distribution to residences, commercial buildings, and industrial sites. The aluminium conductor steel-reinforced cable market is led by the Primary and Secondary Distribution Conductor segment, although other segments are equally important.
High-voltage transmission lines required for long-distance bulk power transmission are served by the Bare Overhead Transmission Conductor section. These cables enable the dependable and effective transfer of energy between areas, making them essential parts of overhead transmission systems. Specialist industrial applications, rural electrification initiatives, and railway electrification are just a few of the specialist uses for ACSR cables that are covered by the other sections. These applications require custom-designed ACSR cables to suit specific requirements such as improved durability, resistance to environmental variables, and compliance with unique installation conditions.
Our in-depth analysis of the aluminium conductor steel-reinforced cable market includes the following segments:
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Type |
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Application |
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Voltage Rating |
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Current Capacity |
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Customize this ReportAluminium Conductor Steel-reinforced Cable Industry - Regional Scope
Asia Pacific Market Forecast
Asia Pacific aluminium conductor steel-reinforced cable market is set to capture revenue share of around 47.3% by the end of 2037. The market growth in the region is due to extensive infrastructure expansion. Rapid industrialization, urbanization, and significant investments in power infrastructure require durable cable. Aluminium conductor steel-reinforced cable is preferred for its flexibility, strength, and resistance to environmental factors.
Investments in infrastructure development in China have seen remarkable growth. The Shandong New Luxing Cable Co., Ltd. IEC60227 300/500V 450/750V H07V-U H05V-U H05V2-U is a non-sheath cable structure figure application for single core solid or stranded copper conductor PVC insulation. The copper (aluminum)-core cables that have an A/C voltage rating of 450/750V can be connected to the building's electrical wiring. A concentrically stranded conductor with one or more layers of hard-drawn 1350-H19 aluminum wire on a core of galvanized steel wire is known as aluminum conductor steel reinforced (ACSR). Depending on its size, the core may be stranded or a single wire. Galvanized steel core wire prevents corrosion. Grease can be applied to the core or infused into the finished conductor to provide additional corrosion protection.
In India, rapid urbanization has seen substantial growth and investment, significantly strengthening the economy and connectivity across the nation. The Bureau of Indian Standards (BIS) is developing standards and encouraging the usage of ACSR cables. As per the Indian Standard IS 398, aluminium conductor steel-reinforced cables are used for overhead power transmission. These conductors, which have a steel core encircled by aluminum strands, are frequently utilized due to their high tensile strength and longevity. ACSR cables are ideal for long distances and difficult transmission line conditions due to their construction, which combines the conductivity of aluminum with the additional strength of steel.
North America Market Analysis
North America is expected to experience a stable CAGR during the forecast period. The ongoing infrastructure projects include the expansion of renovation of aging power grids and increased renewable energy integration. Due to increased energy demands and government measures to improve power access, they begin from a lower basis than more established regions.
Investments in renewable energy in the U.S. have seen remarkable growth. The American Council on Renewable Energy (ACORE) commemorates the fifth anniversary of ACORE Accelerate by introducing its 2025 cohort, an exceptional group of 15 rising clean energy companies positioned to define the industry's future. More than 50 small and medium-sized clean energy companies have benefited from mentorship, aluminium conductor steel-reinforced cable market access, and business development opportunities offered by ACORE Accelerate since its launch in December 2020. This has enabled these companies to grow, establish strategic alliances, and develop practical energy solutions. This year's milestone cohort reflects the program's ongoing dedication to promoting innovation and economic growth.
In Canada, ACSR cables are frequently used for electrical distribution and transmission due to their advantageous strength-to-weight ratio and financial advantages. Aluminum Conductor Steel-reinforced (ACSR) cable, which combines the conductivity of aluminum with the strength of steel, is widely used in overhead power lines. Standards for ACSR cables are established by the Canadian Standards Association (CSA), which ensures they fulfill performance and safety specifications.
Companies Dominating the Aluminium Conductor Steel-reinforced Cable Market
- MIDAL CABLES COMPANY B.S.C.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Southwire Company, LLC.
- APAR Industries Ltd.
- Qingdao Hanhe Cable Company Limited
- AFL
- Henan Tong-Da Cable Co., Ltd.
- Taihan Cable & Solution Co., Ltd.
- CMI Limited
- Dynamic Cables Limited.
- Yifang Electric Group Inc.
- Caledonian Cable
- Sterlite Power
Key aluminium conductor steel-reinforced cable market players are investing in research and development to provide high-quality, long-lasting, and flexible aluminum conductor steel-reinforced cable that fulfills the changing demands of industries such as infrastructure and power utilities. Prominent companies are increasing their aluminium conductor steel-reinforced cable market share through partnerships and acquisitions. In addition, a greater focus is being placed on environmental responsibility, as evidenced by the development of cables that are resilient to environmental stressors and sophisticated manufacturing capabilities in their goods. This strategy appeals to customers who care about the environment in addition to meeting legal requirements.
Here are some leading players in the aluminum conductor steel-reinforced cable market:
In the News
- In January 2025, GLE Scrap Metal expands its aluminum recycling capabilities through a partnership with Mallin Cos. They believe that this new agreement will allow Mallin Cos. to obtain synergies that will boost its competitiveness and solidify its leadership in the processing of insulated aluminium, aluminium conductor steel reinforced (ACSR), and underground residential distribution (URD) cables.
- In June 2024, Barra do Dande celebrated the opening of an aluminum industrial park project, bolstering Angola-China relations. This momentous occasion was anticipated to strengthen Angola-China economic cooperation. The project is projected to bring in USD 3 billion and create about 12,000 jobs.
Author Credits: Dhruv Bhatia
- Report ID: 7574
- Published Date: May 06, 2025
- Report Format: PDF, PPT
