LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global electrical conductor market for the power industry report until 2020. This research report also lists 8 other prominent vendors that are expected to impact the market during the forecast period.
| Technological advances in composite materials are paving way for inroads in to the electrical conductor market. This is providing momentum for the development of conductors with better properties like lighter weight and higher thermal capabilities. |
The global power generation is expected to increase to 25.8 trillion kWh by 2020, because of the unprecedented demand for energy on a global scale. This energy generated needs to be transmitted to end-users by means of power cables and conductors, which should drive the demand for electrical conductors during the forecast period.
Competitive vendor landscape
“The global electrical conductor market for the power industry is highly fragmented, with large international players having a clear dominant position. The local players are also gradually increasing the competition with the international vendors in terms of quality, features, functionalities, and services. With the introduction of products with new features and technologies, the competition will become more aggressive,” says Gaurav Mohindru, one of the lead analysts at Technavio for engineering tools research.
Vendors in the market have a constant demand from the power utility sector. This sector is expected to drive the market during the forecast period, especially in developing nations. The rising demand for effective power supply is bringing network renovation and expansion on a large scale to cater to the demand for electric power.
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Top 5 vendors in the electrical conductor market for the power industry
Apar Industries
Apar Industries engages in the provision of transformer and specialty oils, aluminum conductors, aluminum alloy conductors, aluminum conductor steel reinforced conductors, and power and telecom cables. It operates its business mainly through conductors, transformer and specialty oils, and power and telecom cables segments. It offers a range of specialty oils like transformer oils, liquid paraffin and white oils, industrial oils and lubricants, rubber processing oils, and ink oils. The company provides cables, including high-tension and low-tension power cables, fiber optic cables, elastomeric (rubber) cables, special cables, and e-beam irradiated products. It also offers automotive and industrial lubricants, including engine oil, synthetic engine oil, gear oil, greases, and automatic transmission fluids for passenger cars, light-commercial vehicles, two-wheelers, heavy vehicles, and farm equipment.
CTC Global
CTC Global is a leading manufacturer of cost-effective conductor solutions for the power industry. The company’s product offering helps in increasing the congested transmission capacity by almost two times without the need for any further modifications in the design and structure of transmission towers. It offers high-capacity and efficient ACCC conductors that contain almost 28% more aluminum than other conductors of similar dimensions. The additional amount of aluminum reduces both the conductor resistance and the resulting losses under operating conditions as compared with other types of conductors. The hybrid carbon and glass fiber composite core has a very low coefficient of thermal expansion. This enables the flow of increased current at enhanced operating temperatures with negligible thermal sag.
General Cable
General Cable is a global wire and cable manufacturer. It develops, designs, manufactures, markets, and distributes copper, aluminum, and fiber optic wire and cable products. The company offers caters to the energy, industrial, specialty, construction and communications markets. It designs, integrates, and installs a turn-key basis for products, including high and extra-high-voltage terrestrial and submarine. General Cable operates its business through four reportable segments, including North America, Europe, Latin America, and Africa/APAC.
Nexans
Nexans offers an extensive range of cables and cabling systems for diversified industries. The company operates globally with manufacturing operations in 40 countries with sales presence worldwide. Nexans classifies its operations into three reportable segments, including transmission, distribution, & operators; distributors & installers; and other activities. The company generates its revenue through various regions, including France, Germany, and Norway.
Sterlite Technologies
Sterlite provides a wide range of end-to-end custom-designed power conductors in power networks for T&D. It has a fully supported manufacturing facility that helps convert ingots to bare overhead conductors. The company has developed a unique interactive module that analyzes parameters like sag, voltage drop, power loss, creep, and DC resistance of various installation terrains.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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