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Market for power transmission lines and towers expected to reach USD 66.80 billion by 2032 – IMF

By on March 9, 2022 0

the Electricity transmission lines and pylons market was valued at USD 27.23 billion in 2021 and is projected to reach USD 66.80 billion by 2032, growing at a CAGR of 8.5%.

Growing interest in adopting a renewable energy mix and increased demand for lines and turns with low energy losses will lead Electricity transmission lines and pylons market growth.

In addition, a considerable increase in investments in cross-border networks, following the growing integration of renewable energy networks around the world, would benefit the company’s image.

the Electricity transmission lines and pylons market was slightly impacted by the COVID-19 pandemic, with a decrease sales of electricity transmission lines and pylons due to the delay of many transmission line and pylons projects, which was further driven by limited investment by public and private actors, as well as restricted movement of labour.

Given the reduction in the number of patients infected with COVID-19, the Electricity transmission lines and pylons market is expected to regain strength by the end of 2021.

Governments in developed and emerging economies are investing in and upgrading urban infrastructure.

These factors will drive the market for power transmission lines and towers. Many smart city projects in emerging countries will require an increase in electricity demand.

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Maximum charge demand for power transmission lines and pylons increased because, as the money available has increased, people’s standard of living has changed, giving them access to all the comforting consumer items they need or wish to use to feel at home. easy.

Growing peak load demand for power lines and transmission towers will be supplied by cables and power transmission towers. In other words, the increased luxury in people’s lives increases the peak load demand for power transmission lines and pylons. Moreover, urbanization in developed and emerging countries increases the peak load.

The technical growth of the developing world is gradual. The main challenge of Electricity transmission lines and pylons market in emerging regions, it is because they have infrastructure problems and urbanization is accelerating. Consequently, electricity transmission cables and pylons may be constrained.

As a result, the organization focuses primarily on infrastructure development and urbanization, rather than technical progress.

To fill the demand for infrastructure and urbanizationthere is growth electricity transmission lines and pylons investment for better and more efficient electricity transmission.

Governments in developed and emerging economies are investing in and upgrading urban infrastructure. Many smart city projects in emerging countries will require an increase request electricity transmission lines and pylons.

The ultra-high voltage section of the Electricity transmission lines and pylons market market leader in terms of product. Expansion of very high and ultra high voltage transmission infrastructure to meet increased energy demand in the industrial and commercial sectors would complement the expansion of the HVDC power line business.

As requested, the Transmission Lines section of the Electricity transmission lines and pylons market is expected to increase at the fastest rate during the forecast period. Increased spending on transmission line infrastructure is fueling business prospects.

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Key points to remember:

  • The conventional segment retained the largest share of the driver category Electricity transmission lines and pylons market to sharerepresenting approximately 58.6%.
  • The PVC sector represents 47.28% of the Electricity transmission lines and pylons market to share in the insulating category.
  • The voltage segment (221 kV to 660 kV) represents 51.25% of the Electricity transmission lines and pylons market to share.
  • HVDC represents 61.20% of Electricity transmission lines and pylons market to share in the current sector.
  • During the forecast period, the ultra-high voltage category accounts for the largest CAGR of around 15.33% in the application segment of the market for electricity transmission lines and pylons.
  • The Asia-Pacific region has the largest Electricity transmission lines and pylons market to sharerepresenting approximately 44.35%.

Competitive Landscape:

the Electricity transmission lines and pylons market Study report will provide valuable insights with focus on the global market. The main players in the Electricity transmission lines and pylons market are Siemens, ABB, GE, EMC, K-Line, ICOMM, CG, KEC, Aurecon, Arteche, Mastec, Sterling & Wilson.

  • Nexans signed a contract worth more than $240 million with Ariadne Interconnection, a transmission system operator, for the Greek electricity network in May 2020. Under this agreement, the company will design, manufacture, install and equip a 500 kV HVDC cable system along an entire 335 kilometer stretch.
  • In October 2021, Reliance Industries Ltd’s wholly owned subsidiary, Reliance New Energy Solar Ltd, agreed to buy up to 40% stake in Sterling & Wilson Solar for Rs. 2,845 crores.

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