Power Transmission Lines & Towers Market size to exceed $70bn by 2026

Power Transmission Lines & Towers Market size is anticipated to exceed USD 70 Billion by 2026, as reported in the latest study by Global Market Insights, Inc.
 

Power transmission lines & towers industry share will witness an upsurge on account of rapid urbanization coupled with increasing energy demand across the globe. Moreover, expansion of extra and ultra-high-tension grid networks to cater to the growing energy demand across the industrial and commercial sector will complement the industry potential. Minimal power losses, negligible short-circuit current across transmission networks in line with higher controllability will further strengthen the product penetration.

 

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Flexible product specifications including advanced structure & design will fuel the power transmission towers industry growth

High corrosion resistance, innovative design & structures and overall low maintenance cost are few indispensable factors which will escalate the product growth. Furthermore, ongoing investments across the renewable sector along with implementation of smart technology in energy transmission system will drive the power transmission towers segment of the market. For instance, APE introduced Breakthrough Overhead Line Design (BOLD), across transmission line and structure with towers designs 50 feet shorter and compact when compared with 345kV transmission tower design.
 

Browse key industry insights spread across 925 pages with 1908 market data tables & 31 figures & charts from the report, “Power Transmission Lines & Towers Market Outlook By Product (Transmission Lines [By Conductor (Conventional {ACSR, ACAR, AAC, AACSR, AAAC}, High Temperature {TAl, ZTAl}, Others {ACCC, ACCR, ACFR, Gap, CRAC}), By Insulation (PVC, XLPE, Rubber)], Transmission Towers), By Voltage (132 kV to 220 kV, 221 kV to 660 kV, > 660 kV), By Current (HVAC, HVDC), By Application (High Tension, Extra High Tension, Ultra High Tension) Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2020 – 2026”in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/power-transmission-lines-and-towers-market
 

Consumer inclination toward smart grid infrastructure will boost the industry demand

Paradigm shift toward integration of smart grid infrastructure across existing T&D networks along with growing customer inclination towards renewable energy resources will complement the power transmission lines & towers market growth. Furthermore, ongoing technological enhancements across electrical grid networks in line with rising infrastructural investments will boost the industry landscape. Cost effective raw material and favorable government policies are some of the major factors positively influencing the manufacturers to develop high temperature conductors.
 

Rapid urbanization and commercial development will complement the 132 kV to 220 kV lines segment of the industry

132 kV to 220 kV lines, subject to the ongoing urbanization and commercial expansion, are projected to witness marginal growth across the globe. The defined voltage range has witnessed a strong industry penetration over the years subject to comparatively large unit installations for a defined transmission capacity. Moreover, the rapid renewable integration coupled with advanced distributed generation technologies will complement the business outlook.
 

Growing urbanization across Asia Pacific is set to drive industry size

China conventional conductor market, across the Asia Pacific region is anticipated to exceed USD 1 billion by 2026. Expansion of ultra-high tension grid infrastructure across the developing nations will complement the product demand. Furthermore, growing inclination toward retrofitting & revamping of existing grid networks along with rising investments across sustainable energy industry will drive the business landscape.
 

Eminent participants across power transmission lines & towers market include Sterling & Wilson, Skipper, MasTec, KEC, Prysmian, Southwire, Sumitomo Electric, ABB, GE, Nexans, CG Power, Siemens, Arteche, Zhejiang Shengda and Sterlite.
 

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