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Asia Pacific Transmission Lines Market Trends

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

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Asia Pacific Transmission Lines Market Trends

The transmission lines market is set to experience positive growth, led by various factors for regions including Asia Pacific, South-east Asia, SAARC, & Oceania. Key private players are making increasing investments to develop sustainable and cost-effective electricity generation solutions. Favorable government programs and schemes that promote the adoption of decentralized power generation resources along with private & public investment will further boost the industry outlook.

The increasing peak load demand, driven by industrial expansion and rapid commercialization, along with growing concerns about grid stability, will contribute to the industry's growth. Investments are continuously being made to expand small-scale industrial facilities and commercial establishments. In addition, there is a concerted effort to expand grid infrastructure to electrify previously un-electrified areas, creating new opportunities in the Asia Pacific transmission lines market.

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.