Power Transmission Lines & Towers Market Size By Product (Transmission Lines [By Conductor (Conventional {ACSR, ACAR, AAC, AACSR, AAAC}, High Temperature {TAl, ZTAl}, Others {ACCC, ACCR, ACFR, Gap, CRAC}), By Insulation (PVC, XLPE, Rubber)], Transmission Towers), By Voltage (132 kV to 220 kV, 221 kV to 660 kV, > 660 kV), By Current (HVAC, HVDC), By Application (High Tension, Extra High Tension, Ultra High Tension) Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jan 2020  |  Report ID: GMI1182  |  Authors: Ankit Gupta, Riya Gupta

Report Format: PDF   |   Pages: 925   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Power Transmission Lines & Towers Market size is anticipated to witness over 8% CAGR up to 2026. Ongoing investments across refurbishment & revamping of existing transmission and distribution networks in line with rising installation of electrical infrastructure across developing regions will drive the business outlook. Moreover, growing inclination toward adoption of renewable energy mix along with increasing demand for efficient lines and towers having minimal energy losses will boost the industry growth.
 

Power Transmission Lines & Towers Market

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Power transmission lines are electricity transferring systems used for the transmission of electrical energy from generating substation to the various distribution stations. These lines are made of mainly four components which includes resistance, capacitance, inductance and shunt conductance. These are interconnected lines which enable the movement of electricity across the transmission infrastructure from the generation site to the source of distribution.
 

Power Transmission Lines & Towers Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 108.8 Billion (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 8.3% 2026 Value Projection: 191.0 Billion (USD)
Pages: 925 Tables, Charts & Figures: 1939
Geographies covered (31): U.S., Canada, Mexico, UK, France, Italy, Spain, Sweden, Germany, Russia, China, India, Japan, South Korea, Australia, Indonesia, New Zealand, Malaysia, Saudi Arabia, UAE, Qatar, Kuwait, Turkey, South Africa, Egypt, Nigeria, Oman, Brazil, Argentina, Peru, Chile
Segments covered: Product, Conductor, Insulation, Voltage, Current, Application
Companies covered (15): MasTec, Sterling & Wilson, Skipper, KEC International, Prysmian, Sumitomo Electric, Southwire, Nexans, CG Power & Industrial Solutions, ABB, General Electric, Siemens AG, Sterlite Power, Zhejiang Shengda Steel Tower Co., Ltd., Arteche
Growth Drivers:
  • North America and Europe
    • Stringent energy efficiency norms
    • Expansion of smart grid networks
    • Refurbishment & retrofit of existing grid infrastructure
  • Asia Pacific
    • Rising peak load demand
    • Expansion of micro-grid networks
  • • Middle East & Africa and Latin America
    • o Increasing electricity demand
    • Integration of a sustainable electrical network
Pitfalls & Challenges:
  • Slow paced technological evolution across developing regions
  • High dependency on imports

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Favorable government norms across smart grid infrastructure will witness significant demand across developing regions

Global Power Transmission Lines & Tower Market By Region

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Power transmission line segment of the market is anticipated to register over 10% CAGR up to 2026. Increasing demand for electricity along with favorable government norms toward the development of smart grid networks will positively stimulate the industry outlook. In addition, significant rise in investments toward cross-border grid network in line with growing integration of renewable energy networks across the globe will positively influence the business outlook.
 

Paradigm shift toward expansion of existing grid infrastructure along with positive customer inclination pertaining to the integration of artificial intelligence systems will augment the transmission & distribution industry growth. Furthermore, ongoing IT applicability across the power industry will considerably develop the smart grids, which in turn will complement the demand for efficient transmission systems.
 

Moreover, technological advancement across the electricity network and integration of cutting-edge innovations will complement the power transmission lines & tower market outlook.
 

Ongoing investments toward research and development across T&D networks will drive the industry dynamics

Conventional conductor segment accounted for over 60% share of the global power transmission lines & towers market in 2019. Lower tensile strength in line with efficient electrical conductivity are few major factors which complement the product demand. Moreover, increasing R&D investments coupled with deployment of monitoring & control technology across power transmission will drive the industry dynamics.
 

For instance, Arteche introduced smartVAR IC range, combining harmonic filters and capacitor banks in ISO/DV standard which provides harmonic filtering and reactive power compensation across renewable generation plants.
 

PVC unit segment of the market is anticipated to exceed an annual installation of 100,000 km by 2026. Effective mechanical strength, fire retardation, abrasion resistance and light weight are the few essential features which will positively influence the product adoption. Moreover, ease of processing and recycling when compared with thermoset & thermoplastic technologies will strengthen the business potential.
 

Increasing investments across transmission lines infrastructure is driving the business outlook

221 kV to 660 kV segment of the power transmission lines & towers market will witness impetus on account of ongoing deployment of HV electric networks coupled with rapid urbanization across developing countries. In December 2019, GE secured 1215 MW onshore wind farm project which will power 850,000 homes in China. In addition, ongoing refurbishment and revamping of T&D networks across developed nations will boost the industry demand.
 

Expansion of extra and ultra-high-tension transmission infrastructure to cater to the rising energy demand across the industrial and commercial sector will complement the HVDC power lines business growth. For instance, GE Renewable Energy’s Grid Solutions along with EDF Renewables and ESB in 2020 bagged an order to provide 450 MW low carbon energy across Scottish electricity grid networks by 2023. Negligible short-circuit current coupled with marginal line losses and higher controllability are the key features driving the product penetration.
 

Asia Pacific region set to dominate the regional power transmission lines & tower market trends

Asia Pacific Power Transmission Lines & Tower Market By Conductor

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North America, Europe and Asia Pacific, in 2019 collectively held over 80% share across the power transmission lines & towers market. Integration of smart grid networks across T&D system along with favorable consumer inclination toward renewable technologies will complement the industry landscape.
 

Moreover, ongoing technological advancement across the power sector to cater to the rising energy demand will positively influence the technological adoption. Furthermore, high corrosion resistance and low sagging are the essential features driving the product penetration.
 

UK power transmission line market, across Europe is predicted to surpass an annual installation of 70 metric tons by 2026. Stringent energy efficiency norms in line with increasing renewable electricity share including wind and solar farms across the region will foster the product demand. Moreover, regulatory inclination toward safe power supply through overhead lines along with incentives toward non-conventional energy production will foster the existing T&D infrastructure.
 

Demand of technological enhancement acting as the focal point of industry players

Eminent market players across power transmission lines & towers industry includesMasTec, Sterling & Wilson, Skipper, KEC, Prysmian, Sumitomo Electric, Southwire, Nexans, CG Power, ABB, GE, Siemens, Sterlite, Zhejiang Shengda and Arteche.
 

Power Transmission Lines & Towers market research report includes in-depth coverage of the industry with estimates & forecast in terms of “km”, “Metric Tonnes” & “USD” from 2015 to 2026, for the following segments:
 

By Conductor

  • Conventional
    • ACSR
    • AAAC
    • ACAR
    • AACSR
    • AAC
  • High Temperature
    • TAI
    • ZTAI
  • Others
    • ACFR
    • ACCR
    • ACCC
    • CRAC
    • Gap

By Insulation

  • PVC
  • XLPE
  • Rubber

By Voltage

  • 132 kV to 220 kV
  • 221 kV to 660 kV
  • > 660 kV

By Current

  • HVAC
  • HVDC

By Application

  • High Tension
  • Extra-High-Tension
  • Ultra-High-Tension

The above information has been provided for the following regions and country:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Italy
    • Germany
    • Sweden
    • Russia
    • Spain
  • Asia Pacific
    • China
    • Australia
    • India
    • Japan
    • South Korea
    • Indonesia
    • New Zealand
    • Malaysia
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Egypt
    • Turkey
    • Kuwait
    • Nigeria
    • Oman
  • Latin America
    • Brazil
    • Chile
    • Peru
    • Argentina
       

Frequently Asked Questions (FAQ) :

Power transmission lines are electricity transferring systems used for the transmission of electrical energy from generating substation to the various distribution stations.
Global industry for power transmission lines & towers exceeded $32 billion in 2019.
Increasing demand for efficient power supply along with growing urbanization across developing nations are important driving factors for global power transmission lines & towers market trends.

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Premium Report Details

  • Published Date: Jan 2020
  • Pages: 925
  • Tables: 1908
  • Charts / Figures: 31
  • Companies covered: 15
  • Countries covered: 31

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