Core Insights - The overhead transmission line industry in China has developed a vast AC and DC transmission network with voltage levels exceeding 1000kV over nearly 40 years of rapid construction, playing a crucial role in efficiently delivering electricity from generation to consumption points, thus ensuring social stability and normal operations [1][15] - The market size of the overhead line industry in China is projected to grow from 52.167 billion yuan in 2021 to 64.2 billion yuan in 2024, with a compound annual growth rate (CAGR) of 7.16%. By 2025, the market size is expected to reach 68.38 billion yuan, driven by the acceleration of new power system construction and the deepening of cross-regional transmission strategies [1][15][16] Industry Overview - The overhead line industry is essential for power transmission, with overhead conductors made from conductive metals like aluminum and copper, designed to prevent current leakage and environmental damage [6][14] - The industry has evolved from producing simple bare conductors to high-performance products that meet the demands of modern high-voltage transmission systems, particularly in response to national strategies like "West-to-East Power Transmission" [9][14] Market Dynamics - The demand for overhead conductors is being driven by increasing electricity consumption, which rose from 63,077 billion kWh in 2017 to 98,521 billion kWh in 2024, reflecting a CAGR of 6.58% [14][15] - The ongoing transformation of the energy structure and upgrades to the power grid, including the construction of ultra-high voltage backbone networks and the integration of renewable energy, are directly boosting the market demand for high-conductivity, high-strength, and corrosion-resistant overhead conductors [1][15] Industry Chain - The overhead line industry chain consists of upstream raw materials (aluminum, copper, alloys, insulation materials), midstream manufacturing, and downstream applications in urban, industrial, and rural electricity supply [11][12] Key Players - Major companies in the overhead line industry include Huadong Cable Group, Xinya Cable, Jinbei Electric, Hengtong Optic-Electric, and others, which are competing based on technology, product quality, and service capabilities [2][16] Development Trends - The industry is moving towards smart grid integration, with a focus on real-time monitoring and predictive maintenance to enhance operational reliability and reduce outages [18] - Environmental sustainability is becoming a priority, with efforts to develop low-energy, recyclable materials and optimize manufacturing processes to minimize carbon footprints [19] - High performance is a critical requirement, with future products expected to enhance conductivity and mechanical strength while ensuring durability against extreme weather conditions [20]