The overhead line product market consists of various components such as crystal oscillators, filters, and frequency control devices which are utilized for electrical transmission lines. Crystal oscillators are a core component in telecommunication infrastructure that generates electrical signals of specific frequencies using piezoelectric properties of crystals. Filters are utilized to selectively allow signals of particular frequencies to pass through while blocking others. Frequency control devices like voltage-controlled temperature-compensated crystal oscillators (VCTCXO) maintain precise frequency stability over a range of operating conditions. These overhead line products enable the efficient and reliable transmission of electricity and communication signals over long distances through utility poles and transmission towers.
The Global Overhead Line Product Market is estimated to be valued at US$ 22.79 Mn in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period from 2024 to 2031.
Growing investments in upgrading aging power grids as well as expanding electricity access in developing nations is fueling demand for overhead line components. In addition, the increasing deployment of smart grid technologies such as automated metering infrastructure and distributed energy resources is driving requirements for advanced transmission solutions with higher precision, stability, and communication capabilities.
Key Takeaways
Key players operating in the Overhead Line Product Market Demand are Murata Manufacturing Co. Ltd, Vectron International Inc., Siward Crystal Technology Co. Ltd, Kyocera Corporation, Nihon Dempa Kogyo (NDK) Co. Ltd, Seiko Epson Corp., Daishinku Corp., Hosonic Electronic Co. Ltd, TXC Corporation, Rakon Ltd and SiTime Corporation. Murata is one of the prominent player with wide range crystal oscillator products suitable for telecommunication infrastructure.
The growing demand for efficient power distribution and adoption of smart grid technologies across various countries worldwide is a major factor accelerating the overhead line product market growth. Furthermore, expanding electricity access to remote and underdeveloped areas require extensive transmission network which drives the demand.
Geographically, countries such as China, India, Japan, US and countries across Europe have witnessed significant investment in upgrading existing transmission infrastructure and expanding networks. This aspect has been complemented by the global expansion of overhead line product manufacturers to cater to the rising requirements from utilities and energy companies.
Market key trends
The overhead line product market is witnessing increased requirements for digitally programmable frequency control devices to facilitate communication capabilities. VCTCXO controlled via I2C interface enable two-way transmission of telemetry data alongside electric power. This allows utilities to better monitor grid conditions and optimize operations. In addition, skyrocketing demand for renewable energy has fueled the adoption of innovative oscillators with ultra-stable temperature performance suitable for outdoor solar and wind applications. Overhead line product manufacturers are focusing on developing miniature crystal oscillators to minimize space requirements and optimize design of transmission towers and poles.
Porter’s Analysis
Threat of new entrants: New companies can enter this market easily as overhead line product technology is mature.
Bargaining power of buyers: There are many established players in this market so buyers have high bargaining power.
Bargaining power of suppliers: Components used in overhead line products are highly specialized so suppliers have medium bargaining power.
Threat of new substitutes: Alternative wireless communication technologies pose threat to overhead line products market.
Competitive rivalry: Market dominated by few global players resulting in high competitive rivalry.
Geographical Regions
The North America region accounted for the major share of the Overhead Line Product Market in 2024, mainly due to high density of transmission lines and increased investments in grid infrastructure projects in countries like the US and Canada.
The Asia Pacific region is expected to be the fastest growing market during the forecast period. This growth can be attributed to increasing investments in smart grid projects & initiatives for connectivity in rural areas across developing economies like China and India.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
