Optical Ground Wire (OPGW) Market Set to Surge - Key Insights You Must Know

Optical Ground Wire (OPGW) Market Size

The global Optical Ground Wire (OPGW) revenue was US$ 598.8 million in 2022 and is forecast to a readjusted size of US$ 752.3 million by 2029 with a CAGR of 3.2% during the forecast period (2023-2029).

Download Free Sample Data: https://reports.valuates.com/request/sample/QYRE-Auto-0B16104/Global_and_India_Optical_Ground_Wire_OPGW_Market?utm_source=openpr&utm_medium=referral&utm_campaign=optical_ground_wire_opgw_market

This report studies the Optical Ground Wire (OPGW) market, OPGW is a dual functioning cable performing the duties of a ground wire and also providing a patch for the transmission of voice, video or data signals. The fibers are protected from environmental conditions (lightning, short circuit, loading) to ensure reliability and longevity. The cable is designed to be installed on transmission and distribution lines to carry voice, data and video communications, especially in lighting waveform monitoring system, an observation system for overhead test line, maintenance data information system, power line protection system, power line operation system, and unmanned substation monitoring.

In India, the Optical Ground Wire (OPGW) revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).

Global 5 largest manufacturers of OPGW (Optical Ground Wire) are ZTT, Fujikura, Tongguang Cable, Shenzhen SDGI and Hengtong Group, which make up over 60%. Among them, ZTT is the leader with about 20% market share.

Asia-Pacific is the largest market, has a share about 60%, followed by Europe and North America, with share about 20% and 14%, separately. In terms of product type, Layer Stranding Structure OPGW is the largest segment, with a share over 50%. In terms of product application, the largest application is 220KV~500KV, with a share about 50%, followed by Below 220KV.

This report focuses on global and India Optical Ground Wire (OPGW) market, also covers the segmentation data of other regions in regional level and county level.

India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Optical Ground Wire (OPGW) will continue to grow rapidly in the future

By Type
• Layer Stranding Structure OPGW
• Central Tube Structure OPGW

By Application
• Below 220 KV
• 220 KV-500 KV
• Above 500 KV

Key Companies
ZTT, Fujikura, Tongguang Cable, Shenzhen SDGI, Prysmian Group, Hengtong Group, Furukawa, LS Cable & System, Hiteker Cable, Sichuan Huiyuan, Elsewedy Electric, Taihan, J-Power Systems, Tratos

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-0B16104/global-and-india-optical-ground-wire-opgw?utm_source=openpr&utm_medium=referral&utm_campaign=optical_ground_wire_opgw_market

Email Id:
Please reach us at sales@valuates.com

Address:
Valuates,
4th Floor,
Balaraj's Arcade,
Whitefield Main road,
Bangalore 560066

Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.

This release was published on openPR.