Aluminum tube OPGW market Size, Share, Growth, and Industry Analysis, By Type (Single Layer and Double Layers), By Application (Below 66KV, 66KV〜110KV, 110KV〜220KV, 220KV〜330KV, 330KV〜500KV, Above 500KV), Regional Insights, and Forecast To 2032

Updated On: 29 April 2024

aluminum tube OPGW market Report Overview

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The global aluminum tube OPGW market size was USD 4931 million in 2022 and is expected to reach USD 6481.6 million by 2029, exhibiting a CAGR of 3.9% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Aluminum Tube OPGW (Optical Ground Wire) is a type of cable that combines the functions of grounding and communications. It is used in overhead power lines to transmit both electricity and data. The aluminum tube provides the grounding function, while the optical fibers transmit the data.

OPGW cables are made of a central aluminum tube surrounded by layers of steel and aluminum wires. The optical fibers are embedded in the central aluminum tube. OPGW cables are available in a variety of sizes, depending on the capacity of the power line and the amount of data that needs to be transmitted.

Covid-19 Impact: Pandemic Decreased the Market Demand owing to Supply Chain Disruption

The COVID-19 pandemic has had a significant impact on the aluminum tube OPGW market share. The COVID-19 pandemic caused a disruption in the global supply chain, which affected the availability of aluminum tube OPGW cables. This was due to factors such as factory closures, travel restrictions, and delays in shipping. The COVID-19 pandemic also led to a decline in demand for telecommunications services. This was because many people were working from home and using less data. As a result, there was less demand for OPGW cables, which are used to transmit data over long distances. The supply chain disruption and decline in demand led to an increase in prices of aluminum tube OPGW cables. This was because manufacturers had to pass on the higher costs of raw materials and shipping to customers.

Latest Trends

"Growing Focus on Renewable Energy is expected to Fuel the Growth in the Market"

The capacity of renewable energy projects is increasing rapidly. This is due to the falling cost of renewable energy technologies and the increasing government support for renewable energy. As the capacity of renewable energy projects increases, the demand for OPGW cables will also increase. Renewable energy projects are often located in remote areas, which means that the power needs to be transmitted over long distances. OPGW cables are ideal for long-distance transmission because they are strong, durable, and can carry high voltages. Renewable energy is a variable source of energy, which means that the power output can fluctuate. A reliable transmission network is needed to ensure that the power from renewable energy projects can be transmitted to the grid reliably. OPGW cables can help to create a more reliable transmission network.

aluminum tube OPGW market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Single Layer and Double Layers.

• By Application Analysis

Based on application, the market can be divided into below 66KV, 66KV〜110KV, 110KV〜220KV, 220KV〜330KV, 330KV〜500KV, Above 500KV.

Driving Factors

"Increasing Demand for Electricity to Foster the Market Growth"

The world's population is growing rapidly, and this is leading to an increase in the demand for electricity for domestic and industrial use. Economic development is also leading to an increase in the demand for electricity. As countries develop, their economies grow, and this leads to an increase in the demand for electricity for industrial use. Urbanization is another factor that is driving the demand for electricity. As people move to cities, they need more electricity for their homes and businesses. The increasing demand for electricity is leading to the expansion of electricity transmission networks. This is because new transmission lines are needed to carry the increased amount of electricity. OPGW cables are used in these new transmission lines because they are strong, durable, and can carry high voltages.

"Expansion of Electricity Transmission Networks to Result in the Expansion of the Market"

As mentioned above, the increasing demand for electricity is leading to the expansion of electricity transmission networks. The growing renewable energy sector is also driving the expansion of electricity transmission networks. Renewable energy sources such as solar and wind power are often located in remote areas, which means that the power needs to be transmitted over long distances. OPGW cables are ideal for long-distance transmission. Governments around the world are promoting the expansion of electricity transmission networks. This is because they recognize that it is important to have a reliable and efficient electricity grid. The expansion of electricity transmission networks is creating demand for OPGW cables. OPGW cables are used in these new transmission lines because they are strong, durable, and can carry high voltages.

Restraining Factor

"Environmental Concerns to Hamper the Market Growth"

The manufacturing of aluminum tube OPGW cables requires a large amount of energy and water. This could raise environmental concerns in some countries. The manufacturing of aluminum tube OPGW cables requires a large amount of energy. This is because the aluminum needs to be smelted and processed. The energy consumption can have a negative impact on the environment, especially if the energy is generated from fossil fuels.

aluminum tube OPGW market Regional Insights

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"Asia Pacific to Lead the Market Owing to the Expansion of Electricity Transmission Networks"

Asia Pacific region has shown the highest aluminum tube OPGW market growth. The governments in the Asia Pacific region are investing heavily in the expansion of electricity transmission networks. This is to meet the growing demand for electricity and to improve the reliability of the electricity grid.

Key Industry Players

"Key Players Are Employing Advanced Technologies In Order To Stimulate Further Growth Of The Market.  "

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• Prysmian Group (Italy)
• ZTT (China)
• Fujikura (Japan)
• TGC (India)
• SDGI (South Korea)
• Furukawa (Japan)
• AFL Global (U.S.)
• LS Cable & System (South Korea)
• Jiangsu Hongtu (China)
• Taihan (South Korea)
• Sichuan Huiyuan (China)

Report Coverage

This report examines an understanding of the aluminum tube OPGW market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.