Transmission Towers Market Analysis

Transmission Towers Market Analysis

The 132 kV to 220 kV transmission towers market is poised to reach about USD 2 billion by 2028. Moreover, the replacement and upgrade of aging grid networks coupled with the ongoing microgrid integration will bolster market share. The ongoing expansion of cross-border interconnection networks and the large-scale deployment of smart grid infrastructures will accelerate the product demand. Furthermore, the growing need for an uninterrupted power supply, followed by favorable government standards for intelligent grid characteristics will propel transmission towers installations.
 

An increasing number of renewable projects including solar & wind power, followed by high investments for the replacement of existing lattice towers will boost the demand for 221 kV to 660 kV transmission towers. Additionally, ongoing pipeline projects for the connection of interstate electric grid networks with advanced & efficient transmission overhead lines will fuel the business landscape. Growing installations of long-distance high voltage overhead cables to reduce line losses across the interstate electrical transmission network will broaden the industry spectrum.
 

The increasing electricity demand and favorable regulatory reforms on the expansion of existing grid infrastructures will positively impact the double circuit transmission towers market revenue. Shifting utility focus on safe & reliable electric grid networks along with rapid technological enhancements for the refurbishment of distribution networks will spur the industry outlook. Furthermore, a paradigm shift toward advanced material composite adoption combined with the integration & deployment of renewable power resources in distributed energy networks will drive the market demand.
 

The waist-type tower industry is estimated to witness an annual deployment of more than 950 ‘000 MT by 2028. The development of government standards for the designing & construction of transmission structures has complemented the business scenario.
 

The North America transmission towers market size will observe a growth rate of nearly 6% through 2028.  The rapid development of new interstate transmission line networks along with the ongoing refurbishment & reconstruction of T&D infrastructure will enhance the business spectrum. Promising government initiatives for the adoption of efficient & advanced technologies across existing establishments combined with robust renewable integration will propel market growth across the commercial sector. However, the expansion of T&D flexibility & capacity, traditional grid network upgrades, and built-in advanced IoT-enabled units is set to spur market statistics. Stringent government policies for the adoption of energy-efficient systems will complement the industry outlook.