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.