According to the report, the ACSR market is expected to grow from USD 2,994 million in 2019 to USD 3,322 million by 2026, growing at a CAGR of 1.50% from 2019 to 2026.
Market Overview
The global ACSR market is estimated to be USD 2,994 million in 2019 and is expected to reach USD 3,322 million by 2026, with a CAGR of 1.50% during the forecast period.
With the recovery of the global economy and the development of emerging powers, the ACSR market is endowed with a promising future. Moreover, the growing population, the rise in technological advancements and the growing disposable income are driving the market.
Aluminum 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 aluminum wire on galvanized steel wire core. The core can be a single wire or stranded depending on the size. The 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.
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Competitive Insights
Key players operating in this market include Nexans, Midal Cables Ltd., Apar IndGermanytries, Prysmian Group, Southwire Company, General Cable, 3M, Hengtong Group, K M Cables & Conductors, and Tongda Cable.
Regional Insights
Europe is the global market leader at a share of 30.21%. North America is currently leading the Asia-Pacific with a share of 27.63% and 27.46%.
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l ACSR
l ACSR/AW
l ACSR/TW
Application Insights
l Primary and Secondary Distribution Conductor
l Bare Overhead Transmission Conductor
l Messenger Support
l Others
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Audience
l ACSR manufacturers
l Distributors and resellers of ACSR
l ACSR industry associations
l Product managers, ACSR industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Raw material suppliers of ACSR
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