United States Aluminium Conductor Steel Reinforced Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.4 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
The Aluminium Conductor Steel Reinforced (ACSR) market in the United States plays a pivotal role in the power transmission sector. ACSR cables are widely used for electrical power transmission lines due to their ideal combination of strength and conductivity. These cables are composed of a core of steel strands, which provide high tensile strength, and an outer layer of aluminium strands, ensuring excellent conductivity. This combination makes them both light in weight and highly durable, making them the preferred choice for overhead power lines across various industries.
The demand for ACSR cables in the United States is driven by the increasing need for reliable electricity transmission systems. As industries like construction, renewable energy, and telecommunications continue to grow, the need for high-capacity power transmission increases. The shift towards renewable energy sources such as wind and solar also contributes to the rise in ACSR cable usage, as these energy systems require efficient and durable transmission lines to distribute power over long distances.
Moreover, advancements in the construction industry and infrastructure development are expected to bolster the demand for ACSR cables. The cables are favored for their ability to withstand harsh environmental conditions, making them ideal for use in a wide variety of climates, from extreme cold to high humidity. This makes the Aluminium Conductor Steel Reinforced market an essential component for the energy grid modernization in the US.
Industries requiring these cables range from utilities and energy producers to transportation and telecommunications. The heavy-duty nature of ACSR cables allows them to perform optimally in challenging conditions while offering cost-effective, long-term solutions for large-scale power transmission projects. In addition, the emphasis on reducing the carbon footprint has led to an increased interest in energy-efficient materials, further boosting the market.
The Aluminium Conductor Steel Reinforced Market is expected to witness substantial growth in the coming years, as technological advancements and the expansion of infrastructure fuel demand for these cables. The versatility, cost-effectiveness, and performance of ACSR cables ensure that they will continue to be a critical component in the development of modern power grids across the United States.
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Nexans
Midal Cables Ltd.
Apar IndGermanytries
Hengtong Group
Southwire Company
General Cable
K M Cables & Conductors
Tongda Cable
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Aluminium Conductor Steel Reinforced Market
ACSR (Aluminium Conductor Steel Reinforced)
ACSR/AW (Aluminium Conductor Steel Reinforced with Aluminium Wire)
ACSR/2 (Specification variations based on wire configuration)
Transmission Lines
Distribution Lines
Utility Applications
Renewable Energy Sources
Power Generation
Telecommunications
Mining
Construction
Oil and Gas
Low Voltage
Medium Voltage
High Voltage
Extra High Voltage
Concentric Conductors
Nested Conductors
Flat Conductors
Round Conductors
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Aluminium Conductor Steel Reinforced Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Aluminium Conductor Steel Reinforced Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Aluminium Conductor Steel Reinforced Market, By Type
6. US Aluminium Conductor Steel Reinforced Market, By Application
7. US Aluminium Conductor Steel Reinforced Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Aluminium Conductor Steel Reinforced Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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