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Transmission Towers Market Size
- Report ID: GMI5263
- Published Date: May 2022
- Report Format: PDF
Transmission Towers Market Size
Transmission Towers Market size exceeded USD 17 billion in 2021 and is anticipated to grow at over 4% CAGR from 2022 to 2028. The shifting inclination toward secure & sustainable power networks in line with the ongoing modernization of conventional T&D structures will stimulate the industry outlook.
Rising construction activities across the commercial sector have influenced state utilities in terms of the installation of low & medium-voltage lines and other electrical structures. In addition, the development of smart grid networks combined with the growing requirement for a secure & reliable power supply will foster the market growth.
Growing demand for the revamping & replacement of traditional aging infrastructures along with government policies & regulations for reduced emissions will sway the transmission towers market landscape. Rising construction activities across the commercial sector, followed by the continuous installation of low & medium voltage lines and other electrical equipment have instituted a favorable business scenario. For instance, as per the U.S. Central Bureau, the spending on commercial construction activities in the first 11 months of 2021 was USD 1,463 billion with an increase of around 7% compared to 2020.
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| Transmission Towers Market Size in 2021: | 17 Billion (USD) |
| Forecast Period: | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR: | 4% |
| 2028 Value Projection: | 24 Billion (USD) |
| Historical Data for: | 2018 to 2021 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 516 |
| Segments covered: | Voltage, Structure |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Transmission Towers Market Scope
