Aluminium Conductor Steel-reinforced Cable (ACSR) Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030
Report Overview
The market research report is created with a compilation of analytical research based on historic records, current statistics, and future predictions. The report contains details on the leading players operating in the Aluminium Conductor Steel-reinforced Cable (ACSR) market including various factors related to and dependent influencing the market growth.
Aluminium conductor steel-reinforced cable (ACSR) is a type of high-capacity, high-strength stranded conductor typically used in overhead power lines. It is concentrically stranded conductor with one or more layers of hard drawn 1350-H19 aluminium wire on galvanized steel wire core. The core can be single wire or stranded depending on the size. Steel core wire is available in ACSR, ACSR/TW or ACSR/AW for corrosion protection. Additional corrosion protection is available through the application of grease to the core or infusion of the completed conductor with grease.
Offshore windfarms, high voltage direct current links, and grid interconnections are the major drivers of the ACSR market. Increasing need for grid interconnections is resulting in rising investments in the new submarine and underground cables & accessories market over overhead transmission lines.
Asia-Pacific is the largest market for ACSR among other regions studied in this report, and will continue to dominate the ACSR market. China is leading the regional ACSR market, whereas other global key markets include the U.S., India, Germany, U.K., Brazil, and Egypt. The manufacturers and service providers in Asia-Pacific are focusing and creating huge prospects in this service industry. Also, governments, private producers & service providers, and cables & accessories manufacturers are continuously trying to integrate their existing technologies and develop new ones extensively to increase the capacity of high voltage transmission and reduce the impact of high voltage transmission near residential areas. We tend to believe that this industry still has a bright future, considering the current demand of ACSR. As for product prices, the slow downward trend in recent years will continue in the next few years, as competition intensifies. Similarly, there will be fluctuations in gross margin.
For industry structure analysis, the ACSR industry is fragmented. A variety of manufacturers ranging from large multinational corporations to small privately owned companies compete in this industry. The top 11 producers account for about 23% of the revenue market. Regionally, China is the biggest production area of ACSR, also the leader in the whole ACSR industry.
For price trend analysis, a key variable in the performance of ACSR producers is raw material costs, specifically the speed at which any increase can be passed through to customers. The price of the major raw material varies according to the aluminum and the steel price.
The Aluminium Conductor Steel-reinforced Cable (ACSR) market was valued at 2980 Million US$ in 2020 and is projected to reach 3250 Million US$ by 2030, at a CAGR of 1.1% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Aluminium Conductor Steel-reinforced Cable (ACSR).
The report is prepared using analytical methods such as SWOT (strengths, weaknesses, opportunities, and threats)) analysis, PESTEL Analysis, Porter\'s Five Force Analysis, and value chain analysis. These methods provide a clear view of the market structure and analyze competition at a global level. They also provide detailed information on each segment in the global Aluminium Conductor Steel-reinforced Cable (ACSR) market.
The aim of the report is to interpret the market sizes of various segments and countries for the forecast period. The study includes the qualitative and quantitative analysis of the market. The report analyses the Aluminium Conductor Steel-reinforced Cable (ACSR) market on a regional and global level with a deep analysis of macro-and micro-economic factors impacting the growth of the market. This report also includes market information related to the latest industry trends, market developments, and analysis of products and end users contributing to market growth. An in-depth study of the current market scenario, major driving factors, and restraining factors for the market are also included in the report.
The Aluminium Conductor Steel-reinforced Cable (ACSR) market report includes information related to market segmentation, market size and revenue forecasts, and regional forecasts along with information about the leading market players operating in the market, company revenue shares and, their recent developments. The market is classified regionally on country-level into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Scope of the Aluminium Conductor Steel-reinforced Cable (ACSR) Market:
The major competitors working in the market are:
, Nexans, Southwire Company, General Cable, Apar Industries, Hengtong Group, Sumitomo Electric Industries, LS Cable, Tongda Cable, Hanhe Cable, Saudi Cable Company, K M Cables & Conductors
Market by Order Type
ACSR – Aluminum Conductor Steel-Reinforced
ACSR/AW – Aluminum Conductor Aluminum-Clad Steel-Reinforced
ACSR/TW – Trapezoidal Aluminum Conductor Steel-Reinforced
Aluminium Conductor Steel-reinforced Cable (ACSR) Data by Application
Bare overhead transmission conductor
Primary and secondary distribution conductor
Messenger support
Others
Aluminium Conductor Steel-reinforced Cable (ACSR) Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
The information about the Aluminium Conductor Steel-reinforced Cable (ACSR) market is obtained from several sources such as company websites, journals, annual reports, which were then assessed and verified by the industry experts. The information is represented in the form of diagrams, charts, pie charts, and infographics, which helps in a better understanding of the market.
Objectives of Aluminium Conductor Steel-reinforced Cable (ACSR) Market Report:
- To analyze the factors driving the market growth including supply chain analysis, price analysis along with other analytical methods
- To provide an in-depth analysis of the Aluminium Conductor Steel-reinforced Cable (ACSR) market with information on various segment and sub-segments
- To provide a regional analysis and global analysis for the Aluminium Conductor Steel-reinforced Cable (ACSR) market size and their forecasts
- To provide strategic profiles of the key players operating in the Aluminium Conductor Steel-reinforced Cable (ACSR) market, their key competencies, and market competition
- To provide a competitive scenario about the key factors driving, restraining, and challenging the market growth.
- The impact of COVID-19 pandemic on the Aluminium Conductor Steel-reinforced Cable (ACSR) market
Target Audiences for Aluminium Conductor Steel-reinforced Cable (ACSR) Market:
- Investors
- Investment Bankers
- Key Consulting Companies and Advisors
- Venture Capitalists
- Large, Medium-sized, and Small enterprises
Customization:
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