US, China and India major markets for power transmission and distribution conductors over four years – MEP MiddleEast

US, China and India major markets for power transmission and distribution conductors over four years – MEP MiddleEast

The global markets for transmission and distribution conductors are forecast to grow at a CAGR of 1% and 3.6%, respectively, between 2020 and 2024.

The US, China, and India will propel the global markets over the next four years, with the three countries accounting for a share of 42.4% (transmission) and 44.8% (distribution) of the global market value in 2024, according to data and analytics researchers GlobalData.

The company's latest report, ‘Power Transmission and Distribution Conductors, 2020', reveals that environmental factors, fuel resource constraints, geo-political risks and evolving technologies are transforming the global power sector. Growing emphasis on reduction of carbon emissions is also creating a promising market for renewables and other grid assets.

Nirushan Rajasekaram, Power Analyst at GlobalData, said: “Initiatives to enhance electricity grids, development of cross-border interconnections, integrating