Overhead Line Product Market Size and Trends
Overhead line product Market size is valued at US$ 19.78 Bn in 2024 and is expected to reach US$ 31.55 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.
Global Overhead Line Product Market- Trends
- Implementation of sensor-based monitoring solutions: Overhead line products integrated with sensors, IoT and communications hardware for remote monitoring of real-time conductor and tower conditions are a key trend. This allows predictive maintenance and early fault detection through data analytics. Major companies like GE and Siemens offer overhead line monitoring systems using technologies like LiDAR. Adoption of sensor-based monitoring is increasing for better grid asset management.
- Growing deployment of unmanned aerial vehicles: The increasing use of drone technology is enabling cost-effective and rapid inspection of overhead transmission infrastructure in remote areas. Advanced drones can survey lines over long distances to detect faults or encroachments.
- Rising demand for high-temperature low-sag conductors: Demand for overhead conductors designed using advanced alloys and materials to operate at higher temperatures with lower sag is rising supported by research and product development. For instance, 3M's Aluminum Conductor Composite Reinforced (ACCR) conductor uses carbon and glass fibers, allowing higher capacity. CTC Global's advanced conductors also allow increased power density. Adoption of HTLS conductors is increasing driven by advantages.
- Undergrounding of transmission networks: Growing installation of underground transmission cables as a more reliable and resilient alternative to overhead lines is an emerging trend, especially in urban areas. North America and Europe account for over 70% of the global underground transmission cable installations. Although underground projects require higher investment, improved cable technology is driving adoption to boost network resilience.
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