Overhead Conductor Market Size & Share, by Product (Conventional, High Temperature); Material (Copper, Aluminium, Steel, Aluminium Alloy); Voltage (132 kV to 220 kV, 221 kV to 660 kV, >660 kV); Current Type (HVAC, HVDC); Rated Strength (High, Extra High, Ultra-High); Application (Power Distribution, Railways) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5612
  • Published Date: Feb 06, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Overhead Conductor Market size is anticipated to surpass USD 1 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of overhead conductor was over USD 698 Million. Market expansion will be fueled by growing expenditures in creating a sustainable electrical grid and advantageous regulatory changes about electrification in grid-isolated areas. For instance, by the end of 2030, around USD 633 billion would have been invested in the electrical grid, according to the European Union action plan that was released at the end of 2022. Also, the State Grid Corporation of China declared an investment of USD 77 billion in transmission in 2023.  Therefore, the growing expenditure on smart grids will propel the growth of the overhead conductor market.  

For effective long-distance power transfer, overhead line conductors are necessary. Reliable electricity transport over long distances is ensured by the capacity to handle huge electrical loads. The need for energy has grown as a result of the expansion of urban and industrial sectors. Overhead conductors provide cost-effective solutions, making them a preferred choice for expanding power grids in urban areas.

Overhead Conductor Market
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Overhead Conductor Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2023)

  USD 698 Million

Forecast Year Market Size (2036)

 USD 1 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Overhead Conductor Market: Growth Drivers and Challenges


Growth Drivers

  • Growing Adoption of Electric Vehicles (EVs) - Infrastructure for EV charging is needed to enable the widespread adoption of EVs. In order to guarantee that EV owners have access to dependable and convenient charging alternatives, overhead wires are a good fit for supplying the electricity required to charging stations. Moreover, as the number of EVs on the road increases the need for electricity also climbs. This implies that more energy must be sent from power plants to EV charging stations and, eventually, to the vehicles themselves. The power infrastructure may be expanded to meet the rising demand for EV charging by using overhead wires, which offer an affordable way to transport electricity over large distances. As a result, these factors will expand the overhead conductor market growth in the coming years.
  • Rapid Shift Towards Cleaner and Sustainable Energy Solutions - The need for overhead conductors is rising as a result of the world's transition to greener, more sustainable energy sources like solar and wind power. These renewable energy sources frequently need the long-distance transfer of electricity from isolated areas to inhabited areas. An effective way to transfer this renewable energy is through overhead cables. Furthermore, rising government support and incentives for renewable energy-producing facilities, such as wind farms and solar power plants, are a result of growing concern about climate change and the need to cut greenhouse gas emissions. In addition, the need for overhead conductors is being driven by the electrification of several industries, such as heating and transportation.
  • Widespread Concern to Modify Aging Energy Infrastructure - Because so many of the infrastructure and power transmission systems currently in use are antiquated and in need of repair, there is an increasing need to replace this aged energy infrastructure. As per a report, the number of completed electrical transmission lines in the US decreased to around 670 miles in 2022 from 1,368 miles the year before. Roughly 71% of the length finished that year consisted of projects with voltages as high as 230 kilovolts. Also, the current power grid might not be able to handle the growing demand as the population and energy consumption rise. New overhead capacitors must be installed as part of the power transmission system's expansion and upgrade in order to guarantee the dependable and efficient distribution of electricity.


  • Intense Competition from Other Transmission Technologies - Other transmission systems, like subterranean cables and high-voltage direct current (HVDC) transmission, compete with the overhead conductor business. These offer advantages including effective long-distance communication and the capacity to link various electricity networks. As a result, the amenities offered by the alternatives can prevent the overhead conductor market from expanding.
  • Fluctuating Raw Material prices may Hinder the Growth of the Market
  • Growing Intricacy of the Energy Landscape may Hinder the Overhead Conductor Market Growth

Overhead Conductor Segmentation

Current Type (HVAC, HVDC)

HVAC segment in the overhead conductor market is anticipated to hold the largest share of 55% during the projected period. Product uptake is expected to be aided by the increasing ampacity and overall performance requirements for electrical transmission networks, which are being pushed by simultaneous reforms and mandates. Furthermore, the development of energy-efficient electric networks and the growing worries regarding the accumulation of electric infrastructure have prompted the introduction of HVAC transmission products. Furthermore, HVAC systems are becoming more capable and efficient due to continuous improvements in conductor design and technology. Higher transmission capacities and lower power transmission losses are made possible by this. Additionally, IoT technology has made it possible for the HVAC sector to create smart HVAC systems that can be remotely monitored, controlled, and managed via a centralized system. Therefore, these factors are propelling the growth of the HVAC segment market.

Voltage (132 kV to 220 kV, 221 kV to 660 kV, >660 kV)

Overhead conductor market for the >660 kV segment is expected to hold a significant share of 44% by the end of 2036. Segment development is being aided by the paradigm change toward repairing and reconstructing the current energy infrastructure for long-distance electrical transmission in the utility, commercial, and industrial sectors. In addition, there are significant initiatives underway to expedite the upgrade of the high-voltage transmission networks that are currently in place, as well as the integration of power produced from renewable sources into the national distribution network. For instance, with a more than 50% share of the global energy sector in 2022, modern bioenergy is currently the greatest source of renewable energy worldwide. The current state of affairs appears optimistic, and 2022 set a record for the yearly addition of renewable electricity capacity, totalling about 340 GW. Also, the increasing demand for electricity and the necessity to transmit higher amounts of power over larger long distances.

Our in-depth analysis of the global overhead conductor market includes the following segments:


  • Conventional
  • High Temperature


  • Copper
  • Aluminium
  • Steel
  • Aluminium Alloy


  • 132 kV to 220 kV
  • 221 kV to 660 kV
  • >660 kV

        Current Type

  • HVAC
  • HVDC

         Rated Strength

  • High
  • Extra High
  • Ultra-High


  • Power Distribution
  • Railways

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Overhead Conductor Industry - Regional Synopsis

North American Market Forecast

North American overhead conductor market is poised to hold a share of 36% during the forecast period. The US government's initiative to switch out outdated copper overhead wire with contemporary aluminium overhead wire has increased demand in recent years. To achieve energy-efficient solutions, there is a growing emphasis on adopting smart grid technologies and rebuilding and upgrading existing transmission lines. These developments are expected to drive increased product deployment throughout the region. As per a report, approximately 118 million advanced (smart) metering infrastructure (AMI) installations were owned by US electric utilities in 2021; this represents over 70% of all electric meter installations. Moreover, the region has experienced a noteworthy surge in the need for sustainable power solutions as a result of mounting worries about greenhouse gas emissions and the need for energy-efficient substitutes.

European Market Statistics

Overhead conductor market in Europe is expected to hold a significant share of 28% during the forecast period. The region's need for sustainable power solutions has increased due to growing concerns about green carbon emissions and the growing requirement for energy-efficient solutions. Also, a growing number of transmission projects and strict government requirements are anticipated to drive the regional industry share. For instance, with funds of USD 746 million, the EuroAsia interconnector project is the primary recipient. Its goal is to create the first energy interconnection between Cyprus and the European grid. Three energy transmission projects are part of the construction project: With the completion of the massive EuroAsia interconnector project, Greece and Cyprus' transmission networks will be connected, so bringing an end to Cyprus' energy isolation. Furthermore, the region's adoption of high-voltage, long-distance transmission increased demand for overhead cables.

Research Nester
Overhead Conductor Market Size
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Companies Dominating the Overhead Conductor Market

    • Prysmian Group
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • FulcrumAir Inc.
    • Analogue Devices, Inc.
    • SparkMeter
    • Honeywell Smart Energy


In The News

  • April 2023 - Prysmian Group North America, a global leader in energy and telecommunications cable systems, and Invenergy Transmission, an affiliate of the American-led Invenergy, the top privately-held developer, owner, and operator of sustainable energy solutions, announced a long-term supply agreement that includes a $22.5 million investment to expand domestic manufacturing capacity of advanced transmission conductor technology.
  • June 2023 - Together, PLP and FulcrumAir are creating and launching the most sophisticated robotic system in the world for inserting conductor spacers on overhead electricity lines. PLP's CUSHION-GRIP® Twin Spacers are installed on bundled conductors automatically and precisely by the ground-breaking unmanned CSR-18TM robot, thereby reducing lineworker safety concerns and boosting overall efficiency.

Author Credits:  Abhishek Verma, Hetal Singh

  • Report ID: 5612
  • Published Date: Feb 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing adoption of electric vehicles (EVs), rapid shift towards cleaner & sustainable energy solutions, and widespread concern to modify aging energy infrastructure are the major factors driving the growth of the overhead conductor market.

The market size of overhead conductor is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Prysmian Group, FulcrumAir Inc., Analogue Devices, Inc., SparkMeter, Honeywell Smart Energy, Sumitomo Electric Industries, Ltd., Chugoku Electric Power Network Co., Ltd, Fujitsu Limited, Hitachi, Ltd., REXEV Co., Ltd, and others.

The HVAC segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Overhead Conductor Market Market Report Scope

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