Power Transmission and Distribution Conductors Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Drivers, Constraints, Key Players and Forecast, 2020-2025
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The global power transmission and distribution conductor’s market was valued at $5.7 billion in 2020. China, India, and Brazil are three of the largest markets in the global market for power transmission conductors. In the forecast period (2021-2025), the market is expected to grow steadily due to infrastructure replacement, strengthening of the transmission system to improve electricity flow between regions and countries, and growth in HVDC transmission systems.
The global power sector is in a transition phase with a shift to generation from renewable sources and gas, aided by the increasing adoption of smart technologies. Favorable prices of gas and the declining cost of renewable power equipment have enabled low carbon-emitting generation technology to reach grid parity and even become an alternative to coal in new markets. With markets opening up for global trading, governments are promoting the use of domestic resources to capture significant economic power. Rapid industrialization and urbanization led to growth in manufacturing and the expansion of the residential base, resulting in an increase in the consumption of power.
Overview of the power transmission and distribution conductors
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What are the market dynamics in the power transmission and distribution conductors’ sector?
Rapid economic growth and climate change issues led to critical changes in the power sector. Industrialization and increased trade cooperation increased the demand for electricity globally, necessitating new generation infrastructure. Simultaneously, concerns about carbon emissions prompted countries to transition to a low-carbon economy, enhancing the deployment of renewables and gas. Conventional power generators’ share in power generation is declining due to the increasing use of gas and renewable sources. New generation infrastructure development would require new transmission assets or the strengthening of the existing assets to accommodate the transfer of substantial power and reduction of curtailment.
China and India are two emerging economies, and the trends in their power sectors influence the global power market, owing to their challenging initiatives. The need to build transmission infrastructure to move power from renewable sources in remote regions, the increasing domestic demand for electricity, large-scale renewable energy deployment, projection of considerable growth in the gross domestic product (GDP), and rural electrification initiatives are some of the primary factors aiding the growth of the market. Despite the disruption caused by the COVID-19 pandemic, over the long term, the transmission sector will attract huge investments to build the infrastructure, complementing economic and social growth.
The other aspects that need to be addressed include the reduction in power loss and theft, improvement in grid flexibility and reliability, grid modernization, technological innovation, and supportive government policies. In countries with well-established power grids, the need to transform the grid to adapt to the evolving generation mix, enhancement of grid resilience, the establishment of cross-border interconnections between countries or regions, easing of grid constraints, and enhancement of competitiveness are some of the factors that can contribute to the growth in the market.
Major countries in power transmission and distribution conductors, 2020-2024
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Brazil faces challenges similar to those of China and India, which include an increase in demand for electricity. Brazil has several long-distance projects under construction for the transmission of electricity from the north to its consumption centers in the east. It is also developing several interconnections with neighboring countries to ensure supply security. The transmission conductor market in the UK is expected to experience strong growth during the forecast period, supported by the 400 kV and DC segments. The expected commissioning of offshore wind projects and augmentation of north-to-south transmission corridors are the primary factors for the significant growth in the market.
During the forecast period, Canada’s market growth will be complemented by the increased export of electricity to the US, grid expansion in rural and marginalized areas, periodic replacement of aging assets, and the growth of renewables and other distributed technologies. The growth of the DC market will be aided by transnational and provincial interconnections, with projects expected to be commissioned in 2022 and 2023. Economic growth in South Africa is hamstrung by frequent power cuts, blackouts, and load shedding. In recent years, the government began to implement measures to improve grid reliability through capacity addition and grid expansion programs.
Who are the major players in the power transmission and distribution conductors market?
Prysmian SpA, Nexans AS, Jiangsu Zhongtian Technology Co., Ltd. (ZTT), Sumitomo Electric Industries Ltd and Furukawa Electric Co Ltd are the major players in the power transmission and distribution conductors’ market.
Power transmission and distribution conductors market, by key players
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Market report scope
| Market size (Year – 2020) | $5.7 billion |
| Base year for estimation | 2020 |
| Companies mentioned | Prysmian SpA, Nexans AS, Jiangsu Zhongtian Technology Co., Ltd. (ZTT), Sumitomo Electric Industries Ltd, and Furukawa Electric Co Ltd. |
Scope
The report analyses the power transmission and distribution conductors’ market. Its scope includes:
- Growth analysis of the conductors’ market with a focus on market value, which is segmented by voltages at global and for key countries such as Canada, the US, Brazil, the UK, Germany, South Africa, Russia, China, India, and Japan.
- The report offers country-level market size analysis with respect to market value for the historical (2016-2020) and forecast (2021-2025) periods.
- It provides a competitive landscape and key upcoming projects at the country level for the year 2020. In addition, the profiles of major conductor manufacturers are also presented.
- Market drivers and restraints along with their impact on the market are also discussed.
Reasons to Buy
- The report will enhance your decision-making capability in a more rapid and time-sensitive manner. It will allow you to:
- Facilitate decision-making by analyzing historical and forecast data on the power transmission and distribution conductors’ market.
- Develop strategies based on market developments in the market.
- Identify key partners and business-development avenues, based on an understanding of the movements of the major competitors within the market.
- Respond to your competitors’ business structure, strategies, and prospects.
NKT
General Cable
Nexans
Sumitomo
Midal
Jiangsu Zhongtian Technology Co. Ltd
(ZTT)
Furukawa Electric Co Ltd
Power Grid Corporation of India
Korea Electric Power Co
Eskom
BC Hydro
Ceylon Electricity Board
Nalcor Energy Ltd
Ontario Power Authority
Manitoba Hydro
MidAmerican Energy Company
Commonwealth Edison Company
EDF Energy
National Grid
Amprion GmbH
TenneT
Table of Contents
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Frequently asked questions
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What is the value of the power transmission and distribution conductors market in 2020?
The global power transmission and distribution conductors’ market was valued at $5.7 billion, in 2020.
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Who are the major players in the power transmission and distribution conductors market?
Prysmian SpA, Nexans AS, Jiangsu Zhongtian Technology Co., Ltd. (ZTT), Sumitomo Electric Industries Ltd and Furukawa Electric Co Ltd are the major players in the power transmission and distribution conductors market.
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