The
research report “Overhead Conductor
Market Size By Product (Conventional
Conductors {ACSR, AAAC, ACAR, AACSR, AAC}, High Temperature Conductors {Tal,
ZTAl}, Others {ACFR, ACCR, ACCC, CRAC, Gap Conductors}), By Voltage (132 kV to
220 kV, 221 kV to 660 kV, > 660 kV), By Rated Strength (High Strength {10 kN
to 75 kN}, Extra High Strength {76 kN to 150 kN}, Ultra High Strength {> 150
kN}), By Current (HVAC, HVDC), Application (High Tension, Extra High Tension,
Ultra High Tension), Industry Analysis Report, Regional Analysis (U.S., Canada,
Mexico, UK, France, Italy, Germany, Sweden, Russia, Spain, China, Japan, South
Korea, India, Australia, Indonesia, New Zealand, Malaysia, UAE, Saudi Arabia,
Qatar, Kuwait, Oman, Turkey, South Africa, Egypt, Nigeria, Brazil, Peru, Chile,
Argentina), Application Development Potential, Price Trend, Competitive Market
Share & Forecast, 2017 – 2024” by Global Market Insights, Inc. says, overhead
conductor market size slated to surpass a valuation of USD 29 billion by 2024.
The
growth graph of overhead conductor market stands exponentially high as on
present-day, courtesy – the robustly growing need for uninterrupted electricity
supply without power deficit. In the face of rapidly changing electricity
trends, it is vividly discernible that the extensive demand for uninterrupted
power in conjunction with the efforts undertaken toward low energy consumption
for ecological balance would have a rather profound impact on overhead conductor
market outlook. One of the principal factors that would lead to reduced and
optimized energy consumption is the upgradation of existing transmission
networks spread across the globe. As the enhancement of transmission lines and
older grids gains mainstream precedence, conductors of all categories –
conventional, high-temperature, and others, would claim preferential demand,
eventually augmenting the revenue graph of overhead conductor market.
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Having
potentially recognized the dangers lurking amidst increased energy consumption
in a scenario plagued with environmental concerns, numerous regulatory and
governmental bodies across the globe have been taking an apprehensive interest
in overhead line upgradation, that would irrefutably boost the overall overhead
conductor market. For instance, the ESB International’s AMS (Asset Management
Services) unit undertakes responsibility for maintaining and upgrading the ESB
transmission network between a voltage range of 110 kV to 400 kV, while
simultaneously managing the refurbishment of existing transmission lines.
Despite
the presumed heavy expenditure, it would be dire imbecility to deny the fact
that a major network upgradation at a global scale is on the cards – a
game-changing event that would transform the dynamics of overhead conductor
industry outlook. As per a report published by a leading research firm, the
current depreciated valuation of the U.S. electric grid alone comes close to
USD 2 trillion, while its refurbishment and upgradation would require close to
a mammoth USD 5 trillion – this humongous project alone would heavily propel
U.S. overhead conductor market. The massive disbursement notwithstanding, the
United States seems to have strengthened its resolve to be included among the
top energy-efficient countries in the world, on the grounds of which the
government plans to invest heavily in the replacement of electric
infrastructure, subsequently creating a barrage of lucrative opportunities for
overhead conductor market players.
Browse key
industry insights spread across 788 pages with 1420 market data tables & 63
figures & charts from this 2017 report Overhead
Conductor Market in detail along with the table of contents at:
Given
the acute gravity of the current energy scenario in terms of environmental
safety, overhead conductor industry companies have been attempting to come up
with an assortment of products incorporated with highly advanced tech
innovations, that would help simplify the refurbishment and retrofitting
process. Additionally, companies have been reaching out to one another in order
to establish joint ventures and strategic partnerships that would help them
harness each other’s expertise and product line while simultaneously providing
reciprocal benefits to one another with regards to consolidating their
positions in overhead conductor market.
For
instance, VINCI Energies, one of the most prominent players in overhead
conductor industry, has recently secured a pivotal contract that would enable
the firm to solely design and construct a new power transmission infrastructure
in Scotland, in addition to finalizing a joint venture with the British Morgan
Sindall company. Valued at GBP 30 million, this project would involve the
installation of 73 transmission towers and 160 km of conductors in rather
remote areas. Post completion, the new transmission line is expected to
reinforce the high-voltage transmission grid in Scotland and subsequently
contribute toward onshore wind generation surrounding Tomatin. Powered by extra
high voltage underground cables and an all-new transmission line, the project
is certain to have a lucrative impact on the regional overhead conductor market
size, given how extensively conductors would be deployed in the aforementioned
refurbishment.
The
contribution of regional governments toward driving the profitability scale of
overhead conductor market is indeed commendable. The European Energy Efficiency
Directive (2012/27/EU), for instance, takes note of operational efficiency
improvement potential, grid energy losses, efficiency, and related parameters
in order to improve the efficacy of the current grid infrastructure.
The
Federal Energy Regulatory Commission (FERC) also holds the authority to
conveniently regulate the financial aspects of transmission lines, and has long
since, been attempting to chalk out a convenient flexible, affordable program
for grid refurbishment. In essence, it would be appropriate to claim that the
urgent requirement for transmission line retrofitting, aided by a favorable
regulatory frame of reference and numerous government initiatives.
Browse Related Reports:
Power Transmission Lines & Towers Market Size, By
Product (High Tension (HT), Extra High Tension (EHT), Ultra High Tension
(UHT)), By Voltage Level (132 kV, 220 kV, 440 kV, 660 kV, ≥ 765 kV), By Current
Level (HVDC, HVAC), Industry Analysis Report, Regional Outlook (U.S., Canada,
Mexico, UK, France, Germany, Russia, China, India, Japan, South Korea,
Australia, Saudi Arabia, UAE, South Africa, Brazil, Argentina, Peru), Price
Trends, Competitive Market Share & Forecast, 2016 – 2024
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