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Power Transmission Lines and Towers Market Size

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

Power Transmission Lines and Towers Market Size

Power Transmission Lines and Towers Market size was valued at over USD 36 billion in 2020 and is set to grow at a CAGR of around 4% between 2021 and 2028. Power transmission lines are power transfer systems, which transport electrical energy from the generating substation to numerous distribution stations. These lines mainly consist of components including inductance, resistance, shunt conductance, and capacitance. They are interconnected lines that ensure proper electricity movement across the transmission network from the generation site to the distribution source.

 

Power Transmission Lines & Towers Market

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The rising trend toward the adoption of a renewable energy mix coupled with the growing demand for efficient lines & towers with minimal energy losses will drive the business growth. In addition, growing investments in refurbishment and retrofitting of the existing transmission & distribution infrastructure along with increasing installations of power infrastructure across developing nations will accelerate industry prospects.
 

 

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

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Premium Report Details

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