OPGW CABLE MARKET OVERVIEW
The global OPGW Cable Market size was USD 493.41 million in 2024 and is projected to touch USD 637.26 million in 2033, exhibiting a CAGR of 2.9% during the forecast period.
OPGW cable also known as Optical Ground Wire is actually a dual cable used in high voltage transmission lines and used as both ground and signal carrying path. It has been designed with optical fibers for carrying data and with aluminum or steel strands for the mechanical and electrical support. This design allows OPGW cables to offer adequate safeguard against lightning strikes and short circuit while, at the same time, providing needed high-speed transmission for the utilities.
Due to the enhanced flexible and scalable single wire superstructure telecommunications carrier, the OPGW cables are effectively used in power utilities and telecommunication facilities for both power distribution and communication signals. It provides such advantages as the possibility to minimize the expenses on infrastructure, improve reliability, and simplify the process of maintenance. The optical fibers within the OPGW cable are used for enhancing the grid management communication, fault communication and smart grid communications. Furthermore, the ability to withstand different circumstances and conditions makes it one of the most necessary instruments for contemporary energy and communication systems.
Request a Free Sample to learn more about this report
GLOBAL CRISES IMPACTING OPGW CABLE MARKET-COVID-19 IMPACT
"OPGW Cable Industry Had a Negative Effect Due to Disruption of Transportation during COVID-19 Pandemic"
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 market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
OPGW cable industry was similarly impacted by the COVID-19 pandemic in terms of production interrupting, supply chain interrupting and project delivery interrupting. The COVID-19 induced lockdowns maintained that many manufacturing factories closed their operations partially or fully for some time; this reduced their capability to produce raw materials and finished products readily. Delays were exacerbated by logistics and transportation issues; many infrastructures projects were also put on hold due to governments and utilities shifting funds to urgent heath care and economic needs. These elements cumulatively caused a relative fluctuation in the demand for OPGW cables sector in the short period.
But the pandemic also showcased the need for having strong means of communication and energy distribution, leading people back to long-term projects that necessitate OPGW cables. The need for effective telecommunication means with the enhanced use of internet during the lock-down also boosted the investment in good telecommunication infrastructure like a fiber-optic cable system connected to power systems.
LATEST TREND
"Higher Fiber Counts to Drive Market Growth"
There have been notable developments in the market which has the potential to boost the OPGW cable market share. One trend observed for the OPGW cable market is that cables with a greater number of fibers strands are being manufactured along with improved physical robustness of the product. There is an increased demand for efficient data and electricity network that has led to manufacturers to try and come up with stronger OPGW cable that will also be able to withstand adverse environmental conditions.
Request a Free Sample to learn more about this report
OPGW CABLE MARKET SEGMENTATION
By Type
Based on Type, the global market can be categorized into Layer Stranding Structure and Central Tube Design.
-
Layer Stranding Structure: In the layer stranding structure used, the optical fibers are housed in multiple buffer tubes which are helically stranded around a central strength member. The details of this design afford a high grade of mechanical strength, flexibility, and simple adjustability up to high fiber densities. It is well applied where high tensile strength and flexibility including changes in environmental conditions are desired.
-
Central Tube Design: In actual bundle structure, all the optical fibers are encased in a single flexible tube at the center of the cable. The constitution of this design is miniature and has low weight, factors which make it easy to install and handle. They are suitable for use in applications with low fiber counts and system with low mechanical loading.
By Application
Based on application, the global market can be categorized into Below 220 KV, 220-500 KV, and Above 500 KV.
-
Below 220 kV: Transmission lines with voltage level less than 220 kV usually comprise lesser numbers of optical fibers and lighter construction material of OPGW cables. Over the past decade, these cables have remained cheap whilst providing adequate mechanical and electrical performance for lower voltage power systems.
-
220-500 kV: The CTC OPGW cables used for transmission line voltage 220-500 kV have medium to high tensile strength in addition to enhanced fiber numbers. They help to provide increased service life for parts and components to work under higher mechanical loads and unfavorable environment.
-
Above 500 kV: Overhead PGW cable for lines above 500 kV is specifically designed; they are robust constructions to encounter heavy mechanical load and lightening.
MARKET DYNAMICS
Driving Factors
"Lightweight Structure to Boost the Market"
There are several elements inspiring the OPGW cable market growth. The central tube concept used in the construction of this cable places all the optical fibers in a single protective tube in the core of the cable thus compact and lightweight in nature. This simplification lowers the material requirements and also simplifies installation, especially where weight is a major constraint such as with distribution lines with minimal voltage or small power transmission lines. Owing to the fewer numbers of parts as compared to more detailed designs of the central tube, manufacturing costs of these structures are lower.
"Adequate Protection for Low Fiber Counts to Expand the Market"
In this case, where a few numbers of optical fibers are needed, the protection afforded by the central tube is enough to shield the fibers against the environment and mechanical forces. As such, this type is ideal for low or medium voltage transmission lines since the operational load is somewhat moderate in this category. The central tube designs are best suited to applications where there is little mechanical stress or temperature changes.
Restraining Factor
"Reduced Mechanical Strength to Potentially Impede Market Growth"
The central tube working provides for a limited number of optical fibers that may be incorporated into the structure. Such a design feature makes it less suitable to applications where large amounts of fibers are needed to accommodate expansive communication networks such as the smart grid or high voltage transmission line networks. Central tube systems are less strong in tensile strength and ability to endure mechanical loads such as heavy wind or ice loads or long spans compared to layer stranding structures.
Opportunity
"Post-Effective Solutions to Create Opportunity for the Product in the Market"
Most of the countries are extending Rural electrification projects and reinforcing low & medium voltage distribution network where central tube construction is more appropriate because of the size and cost considerations. Moreover, the further use of smart grid technologies in small networks can take advantage of the central tube construction for clear communication and do not require more substantial fiber capacities.
Challenge
"Complexity of Power and Communication Networks Could Be a Potential Challenge for Consumers"
With utilities migrating to smart grids and high voltage transmission, it is now becoming more necessary to design cables with more fiber counts and physically robust fiber designs. Except structures like layer stranding roll which is scalable as well as costs competitive when taken to the extreme conditions of central tube designing. In order not to be rendered obsolete, manufacturers have to add on the main tube offered by the design thus making it expensive—a factor that defines its uniqueness and cheap market price.
Request a Free Sample to learn more about this report
OPGW CABLE MARKET REGIONAL INSIGHTS
-
North America
North America is the fastest-growing region in this market. The United States OPGW cable market has been growing exponentially owing to multiple reasons. North America Central Tube Design market has a heightened growth due to the continuous grid modernization and investments towards renewable power plants. Utilities in the region prefer OPGW cables with a central tube because of their cost efficiency in low and medium voltage florescence. Central tube designs are used in small communication networks in regions, and occasionally in rural electro-voltage. The emphasis of further development of more reliable communication tools for the management of the grid is consequently contributing to stable demand. However, greater emphasis towards high fiber count solutions in modern networks may constrain future development of this sector.
-
Europe
The Central Tube Design is a specific type of tube design that is used widely in the transmission of electricity from renewable sources and across borders in Europe which is driving the Central Tube Design market. The design is preferred for systems where the expense is a consideration and where the environment is not as harsh as in bigger networks and grids, for example rural networks. Consumer demand for cost-effective OPGW solutions is further encouraged by government’s policies supportive of sustainable energy structures. Yet, concerns with progressive smart grids and systems of higher voltage restricts the growth parameters of this central tube design.
-
Asia
The Central Tube Design market has high potential In the Asia-Pacific region mainly due to increasing urbanization, rural electrification, and increasing power grid in developing APAC countries. In India and China for example many nations are spending a lot of their capital budget on buildings infrastructure that would require OPGW; however to achieve cable savings while looking for light weight solutions. Central tube designs can be used on low to medium voltage networks within these markets.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market Through Innovation and Market Expansion"
Key industry players are shaping the OPGW cable marketplace through strategic innovation and market expansion. These companies are introducing advanced techniques and processes to improve the quality and performance of their offerings. They are also expanding their product lines to include specialized variations, catering to diverse customer preferences. Additionally, they are leveraging digital platforms to increase market reach and enhance distribution efficiency. By investing in research and development, optimizing supply chain operations, and exploring new regional markets, these players are driving growth and setting trends within the OPGW cable.
LIST OF TOP OPGW CABLE COMPANIES
- Prysmian Group [Italy]
- Fujikura Group [Japan]
- Furukawa Electric [Japan]
- Sumitomo Electric [Japan]
- Sterlite Technologies [India]
KEY INDUSTRY DEVELOPMENT
2021: Jiahome Opticable took significant strives ahead in the OPGW cable marketplace. They recently developed Fiber Optic Cable 48 Core Stainless Steel Central Tube OPGW. This OPGW cable has a steel central member with 48 single mode optical fibers using the steel member for both the ground wire and for transmission of high-speed data. Originally intended for use on exterior premises, it provides rather effective shielding from the external environment and mechanical loads. The cable is ideal for use in photovoltaic & wind power stations, power lines, sub stations & communication networks.
REPORT COVERAGE
SWOT analysis is presented in this work at a high level, and helpful recommendations regarding further evolvement of the market are considered. This paper takes an Opportunity to review and discuss the market segments and possible applications that have the potential to influence the market growth in the future years. The work uses both, the data regarding the modern state of the market and the information on its evolution to identify the possible development trends.
The OPGW cable with better portability is expected to gain high growth rates due to better consumer adoption trends, increasing application areas, and more innovative product developments. Yet, there might be some problems like, for instance, the shortage of raw materials or higher prices for them However, the growing popularity of specialized offerings and tendencies towards enhancing quality foster the growth of the market. All of them are progressing through technology and innovative strategies in developments as well as in supply chain and market. Due to changes in the market environment and growing demand for variety, the OPGW cable has a promising development since it constantly develops and expands its application.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 493.41 Million in 2024 |
Market Size Value By |
US$ 637.26 Million by 2032 |
Growth Rate |
CAGR of 2.9% from 2024 to 2032 |
Forecast Period |
2032 |
Base Year |
2024 |
Historical Data Available |
2020-2023 |
Regional Scope |
Global |
Segments Covered |
Type and Application |
-
What value is the OPGW Cable Market expected to touch by 2033?
The global OPGW Cable Market is expected to reach USD 637.26 million in 2033.
-
What CAGR is the OPGW cable market expected to exhibit by 2033?
The OPGW cable market is expected to exhibit a CAGR of 2.9% by 2033.
-
What are the driving factors of the OPGW cable market?
Lightweight Structure and Adequate Protection for Low Fiber Counts are some of the driving factors of the market.
-
What are the key OPGW cable market segments?
The key market segmentation, which includes, based on type, the OPGW cable market is Layer Stranding Structure and Central Tube Design. Based on application, the OPGW cable market is classified as Below 220 KV, 220-500 KV, and Above 500 KV.