December 8, 2022
  • December 8, 2022

Power transmission lines and towers market valued at $ 48

By on October 25, 2021 0


Selbyville, Delaware, October 25, 2021 (GLOBE NEWSWIRE) –

Electricity transmission lines and pylons market value Expected to exceed $ 48 billion by 2028, as the latest study from Global Market Insights Inc. reports Growth of infrastructure investments in commercial and industrial sectors as well as growing demand for renewable energy will positively influence the business landscape .

Ongoing investments in R&D for the development and innovation of high capacity, low cost, environmentally friendly conductors, combined with regulators’ growing focus on increasing energy efficiency and overload capacity transmission lines, will lead to the industry scenario.

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The ongoing urbanization in developing countries, coupled with increased investment in network infrastructure, will positively influence the business landscape. In addition, the high corrosion resistance capability and low sag capability will increase the demand for power lines> 660 kV. The ease of processing and recycling of these cables along with the negligible short circuit current and reduced power losses on transmission lines will further stimulate product demand.

Some of the key findings of the Power Transmission Lines and Towers Market report include:

  • The growing consumer inclination towards smart grid infrastructure coupled with integrated renewable technology to meet growing energy demand will propel the size of the industry.
  • Major players operating in the industry include Sumitomo Electric Industries, Nexans, Prysmian Group, Alfanar, CG Power and Industrial Solutions.
  • The replacement and restructuring of conventional transmission networks and towers with advanced and efficient products and designs will promote the business scenario.
  • The technological advancements underway in the tower and line industry along with growing concerns about the safety, reliability and power of the electrical grid will accelerate the demand for products.

Browse key industry insights spread over 600 pages with 1,159 market data tables and 60 report figures and charts, “Power Transmission Lines and Towers Market Forecast by Product (Transmission Lines, Transmission Towers), Conductor (Conventional, High Temperature}, Insulation (PVC, XLPE), Voltage (132kV to 220kV, 221kV to 660kV,> 660kV), Current (HVAC, HVDC), Application (High Voltage, Extra High Voltage, Ultra High Voltage), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share and forecast, 2021-2028»In detail with the table of contents:

Ongoing technological innovations for HVAC power distribution networks along with the increasing adoption of renewable energy sources will accelerate business prospects. In addition, a paradigm shift towards smart grid grids will drive the market size for power transmission lines and towers. The trend for regulators to implement smart grids into existing T&D infrastructure will further fuel product adoption.

The North American market for power lines and towers is expected to exceed $ 4 billion by 2028 at a CAGR of over 6%. The rapid development of high and very high voltage transmission and distribution networks to reduce the demand for electricity in industrial and commercial sectors will boost product implementation. The increased demand for electricity along with the ongoing renovations and refurbishments of the T&D network will further increase the share of regional industry.

The pandemic outbreak has slightly affected the overall growth of the industry in 2020. However, the majority of global economies are focused on overcompensating its impacts by speeding up their operations, thus leading to the anticipation of gradual market growth. by the end of 2021. The most favorable conditions, including the ongoing upgrades and modernization of existing transmission lines and towers, as well as the deployment of advanced power cables with lower transmission losses, are expected boost transmission line and tower industry statistics.

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About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and consulting services, providing syndicated and personalized research reports as well as advisory services. growing. Our business intelligence and industry research reports provide clients with insightful insights and actionable market data specially designed and presented to aid in strategic decision making. These comprehensive reports are designed through proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.