Conductor refers to a material in which electricity, heat or sound can flow through. An electric conductor conducts electricity. It is an object or type of material which carries electric charge in one or more direction. The electric conductor is widely used in bursars, transformers and power cable. Material made of metal is the most common electric conductor. According to the International Energy Agency (IEA), the world power demand is expected to increase from 19,004 TWh in 2011 to 34,454 TWh by 2035.This growth is primarily driven by Growth in Population and Global Economy, Growing Energy Consumption Due to Industrialization & Urbanization and Increasing Focus on Energy Efficiency.
Globally, a noticeable market trend is evident New Technological Advancements Are Emerging In Order To Reduce Manufacturing Costs of Electrical Conductors
. Major Manufacturers, such as 3M (United States), CTC Global (United States), Nexans (France), Apar Industries (India), General Cable (United States), Sterlite Technologies (India), Lamifil (Belgium), Diamond Power Infrastructure (India), Tele-Fonika Kable (Poland), J-Power Systems (India) and Midal Cables (Bahrain) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Growth in Population and Global Economy
- Growing Energy Consumption Due to Industrialization & Urbanization
- Increasing Focus on Energy Efficiency
- New Technological Advancements Are Emerging In Order To Reduce Manufacturing Costs of Electrical Conductors
- Rise in Demand for High-Temperature Superconducting Cables
- AAC Finds Its Limited Use in Transmission Lines
Development of Smart Cities
Volatility of Raw Material Prices, Especially Copper
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