Home > Energy & Power > Wire and Cable > Power Cable > Power Transmission Lines and Towers Market

Power Transmission Lines and Towers Market Analysis

  • Report ID: GMI1182
  • Published Date: Oct 2021
  • Report Format: PDF

Power Transmission Lines and Towers Market Analysis

Power Transmission Lines and Towers Market Size By Product

To understand key trends  
Download Free Sample
 

Power transmission lines market is set to exceed USD 28 billion at a CAGR of over 4% from 2021 to 2028. A significant increase in investments in cross-border distribution networks along with the rising integration of renewable energy networks across the world will positively stimulate the industry outlook. Growing electricity demand coupled with favorable government standards & policies for the development of smart grid infrastructure will further positively influence the business spectrum.
 

Ongoing applicability of Information Technology (IT) across the power industry will significantly develop the intelligent grid infrastructure, which will augment the demand for sustainable and efficient transmission systems. Moreover, a paradigm shift toward the expansion of existing grid networks combined with the positive consumer inclination pertaining to the integration of Artificial Intelligence (AI) systems will propel the business landscape.
 

Power transmission lines and towers market from high-temperature conductors is anticipated to grow at a CAGR of over 5% through 2028. Efficient electrical conductivity, lower tensile strength along with large-scale monitoring, and control technology deployment across power transmission networks will complement the business dynamics. For instance, in January 2019, Prysmian Group introduced the E3X Technology as a standard feature on its ACCC bare overhead transmission conductors. The E3X is a durable and thin coating, which reduces the operating temperature of the conductor by increasing the heat dissipation rate from the unit’s surface and minimizing the solar energy absorption.
 

PVC units are expected to surpass an annual installation of over 43 ‘000 km by 2028. The ability to easily recycle and process compared to thermoplastic and thermoset technologies will enhance the industry potential. Fire retardancy, effective mechanical strength, lightweight, UV-resistant, high resistance to water & chemicals, the ability to withstand a maximum temperature, and abrasion resistance will positively influence product implementation.
 

The 221 kV to 660 kV power transmission lines and towers market will experience an upsurge due to the continuous deployment of HV electricity networks along with increasing urbanization across developing nations. For instance, in November 2019, Sumitomo Electric Industries won a project for the construction of an overhead line with a total length of 97 km in Sri Lanka to deploy high-capacity minimal loss overhead conductors with Mitsubishi and Ceylex Engineering across Kolonnawa-Ratmalana (132 kV) and Veyangoda-Kirindiwela (220 kV) project. It focuses on delivering high-quality overhead conductors to supply stable electricity across the country.
 

The rapid development of extra & ultra-high tension transmission networks to cater to the growing energy demand across the commercial and industrial sectors will boost the HVDC power lines industry size. For instance, in July 2020, NKT signed a contract worth over USD 285 million with SSEN Transmission to deliver and install HVDC interconnectors, connecting the Scottish mainland with Shetland island. The contract involves the manufacturing of 520 km of 320 kV high voltage DC lines, which include subsea and overhead power transmission cables.
 

Middle East & Africa Power Transmission Lines Market Size By Countries

To understand key market trends  
Download Free Sample
 

Middle East & Africa power transmission towers market share was valued at over USD 2 billion in 2020. Increasing technological enhancements across the power industry to cater to the growing energy demand will complement the business scenario. The integration of smart grid infrastructure throughout the T&D network systems along with favorable customer inclination toward the adoption of renewable technologies will positively influence the regional industry landscape.
 

The Saudi Arabia power line market is expected to cross USD 900 million at a CAGR of over 3% through 2028. Strict government energy-efficiency standards coupled with the rising share of renewable electricity including solar and wind farms will drive product demand across the country. The regulatory inclination toward secure power supply from overhead lines combined with incentives for unconventional power generation will fuel the existing T&D grid infrastructure.
 

Power transmission lines & towers industry was slightly impacted due to the COVID-19 pandemic, witnessing a decline in sales on account of delay of numerous transmission line & tower projects, which was further driven by limited investments from public & private players and the restricted labor movement. Considering the slowdown in COVID-19 infected cases, the industry is set to recover its lost strength by the end of 2021.

Authors: Ankit Gupta, Shubhankar Dimri

Frequently Asked Questions (FAQ) :

Power transmission lines and towers industry share exceeded USD 36 billion in 2020 and will escalate at a CAGR of 4% over 2021 to 2028 driven by the surging installation of power infrastructure across developing nations.

Depending on the application, power transmission lines and towers are categorized into high tension, extra high tension, and ultra-high tension.

The power transmission lines industry is anticipated to exceed a valuation of USD 28 billion through 2028 owing to rising investments in cross-border distribution networks.

The Middle East & Africa power transmission towers industry size surpassed USD 2 billion in 2020 and will rise with the increasing integration of smart grid infrastructure throughout the T&D network systems in the region.

Power Transmission Lines and Towers Market Scope

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies
Immediate Delivery Available

Premium Report Details

  • Base Year: 2020
  • Companies covered: 45
  • Tables & Figures: 1219
  • Countries covered: 29
  • Pages: 600
 Download Free Sample