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Asia Pacific Transmission Lines Market Size

Report ID: GMI6542
Published Date: Aug 2023
Report Format: PDF

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APAC Transmission Lines Market Size

Asia Pacific transmission lines market size was valued at USD 5.9 Billion in 2022 and is predicted to expand at over 5.8% CAGR from 2023 to 2032. Driven by infrastructure development, renewable energy integration, technological innovation, and regional collaboration. These trends reflect the region's commitment to meeting its energy needs while addressing sustainability and reliability concerns in an ever-evolving energy landscape.

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The expansion and modernization of electricity infrastructure in rapidly growing economies including India, Bangladesh, and China are driving significant demand for transmission lines. These countries are investing heavily in upgrading their power grids to meet the rising energy needs of their urbanizing populations. As a result, there is a substantial market for the construction of new high-voltage transmission lines and the refurbishment of existing ones, which in turn will foster the market growth in APAC.

Asia Pacific Transmission Lines Market Report Attributes
Report Attribute	Details
Base Year:	2022
Asia Pacific Transmission Lines Market Size in 2022:	USD 5.9 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.8%
2032 Value Projection:	USD 11 Billion
Historical Data for:	2019 to 2022
No. of Pages:	170
Tables, Charts & Figures:	179
Segments covered:	Voltage, Conductor, & Region
Growth Drivers:	Increasing energy demand across developing region New electrification, refurbishment & retrofit of existing grid infrastructure Growing renewable integration Expansion of micro-grid network Rising peak load demand
Pitfalls & Challenges:	Lack of finance along with involvement of high capital expenditure

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Technological advancements along with private & public investments in the transmission line sector are influencing market dynamics. Ultra-high-voltage direct current (UHVDC) transmission technology is gaining prominence due to its ability to transmit electricity over extremely long distances with minimal losses. Countries like China have pioneered the development of UHVDC lines, setting a trend for the adoption of this technology across the region. The growing adoption of renewable energy resources, known for their cost-effectiveness and sustainability, will be a significant driver of the industry's expansion.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size for transmission lines in APAC was exceeded USD 5.9 Billion in 2022 and is set to register 5.8% growth rate through 2032, driven by infrastructure development, renewable energy integration, technological innovation, and collaborations among companies.

Why are 132kV to 220kV transmission lines witnessing high demand in Asia Pacific?

How will SAARC contribute to Asia Pacific transmission lines industry?

Nexans, Siemens Energy, ABB, Prysmian Group, CTC Global Corporation, KEC International Ltd., Special Cable Pvt. Ltd., Galaxy Transmissions Pvt Ltd., CMI Limited, Sterlite Power, Sumitomo Electric Industries, Ltd., Bekaert.