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Inorganic growth ventures, strategic implications, joint ventures, mergers, and contracts among eminent players will foster the industry statistics. For instance, in May 2020, Nexans signed a contract worth over USD 240 million with Ariadne Interconnection, a transmission system operator, for the Greece power grid. Under the contract, the company will design, supply, install, and commission a 500 kV HVDC cable system along a route of 335 km. The project is anticipated to be completed by 2023. This contract will help the company to increase its market presence across Greece.
Eminent players functioning across the power transmission lines and towers market include: