Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the global size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 6.40% during the review period (2022 to 2027)
Aluminium Conductor Steel-reinforced Cable (ACSR) Market Overview
The global Aluminium Conductor Steel-Reinforced Cable (ASCR) market size was meaningfully robust in 2020 and is probable to register a robust CAGR over the forecast period. Cumulative use of aluminium conductor steel-reinforced cable in overhead systems due to cost-effectiveness, improved strength, and longer lifespan are key factors expected to drive market revenue growth over the forecast period. Rapid mechanization and increasing favorite to electric cars has augmented demand and ingesting of power across the globe and this is another key factor expected to drive revenue development of the market over the forecast period.
Aluminium Conductor Steel-Reinforced Cable (ACSR) is a stranded conductor primarily used in overhead power lines. ACSR comprises solid or stranded steel core with layers of highly pure aluminium wires wrapped in spiral. The steel core offers mechanical support to the aluminium wires and wires can be coated with zinc or aluminium. The usage of Aluminium Clad Steel (ACS) wires as the core provides improved confrontation in contradiction of erosion. Owing to its high reliability and strength-to-weight ratio, ACSR cables are widely used in bare overhead transmission and as primary and secondary distribution cable.
Who are the Major Players in Aluminium Conductor Steel-reinforced Cable (ACSR) Market?
Top Key players in the Aluminium Conductor Steel-reinforced Cable (ACSR) Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The companies referred in the market research report includes Nexans, Southwire, General Cable, Apar Industries, Hengtong, Sumitomo Electric Industries, LS Cable, Tongda Cable, Hanhe Cable, Saudi Cable, K M Cables & Conductors and others.
Industry News -
May 2, 2022: Nexans, a key player in electrification and energy transition, announces that its greenhouse gas (GHG) emissions targets have been validated by the Science Based Targets initiative (SBTi).The Science Based Targets initiative (SBTi) mobilizes companies to set science-based targets and boost their competitive advantage in the transition to the low-carbon economy
29 MARCH 2022: Sumitomo Electric Industries, Ltd. announces the release of its new Z2C fusion splicer, featuring its proprietary “NanoTuneTM” AI (artificial intelligence) programmed fusion technology and a new design with improved environmental resistance this spring.
What are the major Applications, Types and Regions for Aluminium Conductor Steel-reinforced Cable (ACSR) Market?
Aluminium Conductor Steel-reinforced Cable (ACSR) Market is segmented based on the type, applications, companies and regions.
By Type, Aluminium Conductor Steel-reinforced Cable (ACSR) Market has been segmented into
- ACSR Aluminum Conductor Steel-Reinforced
- ACSR/AW Aluminum Conductor Aluminum-Clad Steel-Reinforced
- ACSR/TW Trapezoidal Aluminum Conductor Steel-Reinforced
The end user’s industry application on Aluminium Conductor Steel-reinforced Cable (ACSR) Market is,
- Bare overhead transmission conductor
- Primary and secondary distribution conductor
- Messenger support
- Others
Regional Analysis -
Asia Pacific market revenue is expected to expand significantly over the forecast period. Rapid industrialization and growing consumption of power in the region have boosted demand for ACSR cables and this is expected to continue to contribute to revenue growth of the market in the region over the forecast period. In addition, China is the leading consumers and producers of ASCR and aluminium in the world and this is also a key factor expected to fuel market growth in the region.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Aluminium Conductor Steel-reinforced Cable (ACSR) Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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CAGR of 6.40% during the review period (2022 to 2027).
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By Type
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- ACSR Aluminium Conductor Steel-Reinforced
- ACSR/AW Aluminium Conductor Aluminum-Clad Steel-Reinforced
- ACSR/TW Trapezoidal Aluminum Conductor Steel-Reinforced
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By Application
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- Bare overhead transmission conductor
- Primary and secondary distribution conductor
- Messenger support
- Others
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By Companies
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Nexans, Southwire, General Cable, Apar Industries, Hengtong, Sumitomo Electric Industries, LS Cable, Tongda Cable, Hanhe Cable, Saudi Cable, K M Cables
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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124
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Aluminium Conductor Steel-reinforced Cable (ACSR) Report
- Evaluate Aluminium Conductor Steel-reinforced Cable (ACSR) market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Aluminium Conductor Steel-reinforced Cable (ACSR) market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Question -
What are some key factors probable to subsidize to revenue growth of the market?
Increasing use of aluminium conductor steel-reinforced cable in overhead systems due to their cost-effectiveness, enhanced strength and longer lifespan is a key factor expected to drive market revenue growth over the forecast period.
Which application segment is expected to register significant revenue share over the forecast period?
Bare overhead broadcast application section is expected to register important revenue share over the forecast period.
Which region is probable to register fastest revenue CAGR over the estimate period?
Asia Pacific market revenue is expected to expand at a robust revenue CAGR over the forecast period.
Which key companies are profiled in the report?
Major companies in the market include Nexans, Southwire Company, General Cable, Apar Industries, Hengtong Group, Sumitomo Electric Industries, LS Cable, Tongda Cable, Hanhe Cable, Saudi Cable Company, and K M Cables & Conductors.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
