1h Free Analyst Time
The Overhead Cables Market size was estimated at USD 15.77 billion in 2023, USD 16.68 billion in 2024, and is expected to grow at a CAGR of 5.87% to reach USD 23.53 billion by 2030 . Speak directly to the analyst to clarify any post sales queries you may have.
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.Type: Ongoing advancements in high voltage cables to enhance durability and performance for offshore wind farms
Extra-high voltage (EHV) cables are designed for power transmission at voltages above 230 kV. These cables are essential for long-distance and large-scale power transmission networks, enabling efficient transfer of electricity across regions or countries. EHV cables minimize energy losses and are crucial in connecting power generation plants to substations or grid interconnections. High voltage (HV) cables, typically rated between 60 kV and 230 kV, are used in main electricity distribution networks to transmit power over moderate distances. They are suitable for urban and suburban power transmission where space constraints prevent the use of EHV cables. HV cables are used in industrial applications that require substantial power supply. Low voltage (LV) cables are used for electrical power distribution within localized settings, such as residential & commercial buildings. These cables are designed for voltages up to 1 kV. They are ideal for indoor wiring, street lighting, and powering electrical appliances. The demand for LV cables is driven by construction and infrastructure development activities, where the need for safe and reliable power distribution within buildings is paramount. Medium voltage cables, with ratings from 1 kV to 60 kV, are commonly used in regional distribution networks and industrial plants and for connecting renewable energy sources, including solar panels, to the grid. MV cables are preferred for applications that require higher voltage than what LV cables can provide but do not necessitate the use of HV cables.Application: Industries prefer overhead cables that can withstand harsh environments and high temperatures
Commercial applications of overhead cables predominantly span locations such as offices, shopping malls, airports, and schools. The primary need in this segment is for a reliable, continuous power supply, along with the flexibility to support a range of electrical loads. The industrial sector, encompassing manufacturing facilities, processing plants, and heavy industries, demands overhead cables that can withstand harsh environments and high temperatures. Durability and high capacity are paramount in industrial areas. Residential overhead cables are used to supply power to residential buildings and housing complexes. The focus here is on reliability, safety, and affordability, as these cables often run across densely populated areas.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 Disruption Analysis
The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Overhead Cables Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Overhead Cables Market.Porter’s Five Forces Analysis
The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Overhead Cables Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.Value Chain & Critical Path Analysis
The value chain of the Overhead Cables Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.Pricing Analysis
The pricing analysis comprehensively evaluates how a product or service is priced within the Overhead Cables Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Overhead Cables Market.Technology Analysis
The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Overhead Cables Market.Patent Analysis
The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Overhead Cables Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.Trade Analysis
The trade analysis of the Overhead Cables Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.Regulatory Framework Analysis
The regulatory framework analysis for the Overhead Cables Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.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
- Americas
This research report offers invaluable insights into various crucial aspects of the Overhead Cables Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
Please note: For this report, the purchase of an Enterprise license allows up to ten worldwide users of an organization access to the report
Please note: This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.
With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.
This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.
Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. Overhead Cables Market, by Type
7. Overhead Cables Market, by Core Type
8. Overhead Cables Market, by Conductor Type
9. Overhead Cables Market, by Application
10. Americas Overhead Cables Market
11. Asia-Pacific Overhead Cables Market
12. Europe, Middle East & Africa Overhead Cables Market
13. Competitive Landscape
14. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned
- 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
- ZMS CABLE GROUP
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 184 |
| Published | May 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 16.68 Billion |
| Forecasted Market Value ( USD | $ 23.53 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 29 |
