Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 35.51 billion

CAGR (2024-2029)

6.73%

Fastest Growing Segment

Transmission Towers

Largest Market

Asia-Pacific

Market Size (2029)

USD 52.96 billion





Market Overview

Global Power Transmission Lines and Towers Market was valued at USD 35.51 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 6.73% through 2029. The global push towards renewable energy sources, such as wind, solar, and hydropower, is a significant driver for the Power Transmission Lines and Towers Market. The integration of renewable energy into the power grid requires the development of robust transmission infrastructure to connect remote renewable energy generation sites to population centers. Transmission lines facilitate the efficient and reliable transport of electricity generated from renewable sources.

Key Market Drivers

Increasing Demand for Electricity

The Global Power Transmission Lines and Towers Market is driven significantly by the escalating demand for electricity worldwide. As economies grow, urbanize, and industrialize, the need for a reliable and efficient power supply becomes paramount. Rapid population growth, coupled with the increasing electrification of rural areas, is placing unprecedented pressure on power infrastructure. Consequently, power transmission lines and towers play a pivotal role in meeting this surging demand for electricity.

One key factor contributing to the increased demand is the digitalization of various sectors. The proliferation of smart devices, automation, and the Internet of Things (IoT) has led to an augmented requirement for stable and continuous power supply. Additionally, the electrification of transportation, with a shift toward electric vehicles, further amplifies the demand for robust power transmission infrastructure.

Governments and utilities across the globe are investing significantly in upgrading and expanding their power transmission networks to cater to the burgeoning electricity needs. This surge in investments stimulates the growth of the Power Transmission Lines and Towers Market. Companies operating in this market are poised to benefit from the ongoing global efforts to enhance energy access and reliability.

Renewable Energy Integration

The increasing focus on renewable energy sources is another pivotal driver for the Global Power Transmission Lines and Towers Market. As countries strive to reduce their carbon footprint and transition towards a more sustainable energy mix, there is a growing need to integrate renewable energy generation facilities into the existing power grid. Wind farms, solar power plants, and other renewable installations are often located in remote areas with abundant natural resources.

Connecting these remote renewable energy sites to urban centers and industrial hubs requires an extensive network of transmission lines and towers. The Power Transmission Lines and Towers Market thus experiences a boost as governments and private enterprises invest in developing and reinforcing the infrastructure necessary for efficient power transmission from renewable energy sources.

The intermittent nature of renewable energy generation adds complexity to the grid, necessitating a robust transmission network capable of handling fluctuations in power output. This challenge further underscores the importance of advanced and resilient power transmission lines and towers in facilitating the seamless integration of renewable energy into the overall power grid.

Technological Advancements and Grid Modernization

Technological advancements and the modernization of power grids are driving innovation in the Power Transmission Lines and Towers Market. The introduction of smart grid technologies, high-voltage direct current (HVDC) transmission, and advanced materials are transforming the capabilities of power transmission infrastructure. These advancements enhance the efficiency, reliability, and flexibility of power transmission networks.

Smart grid technologies enable real-time monitoring, control, and optimization of power transmission, reducing losses and improving overall grid performance. HVDC transmission allows for the efficient long-distance transport of electricity, facilitating the integration of remote power sources into the grid. Additionally, the use of advanced materials in the construction of transmission towers enhances their durability and reduces maintenance requirements.

Governments and utilities are increasingly investing in grid modernization projects to enhance the resilience and adaptability of their power transmission infrastructure. This trend drives the demand for cutting-edge solutions in the Power Transmission Lines and Towers Market, creating opportunities for companies to deliver innovative and high-performance products that align with the evolving needs of the energy sector.


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Key Market Challenges

Aging Infrastructure and Upgradation Costs

One of the primary challenges facing the Global Power Transmission Lines and Towers Market is the aging infrastructure of existing power transmission networks. Many countries around the world have power transmission systems that were built several decades ago, and these systems are now reaching or exceeding their intended operational lifespan. The aging infrastructure poses a significant challenge as it is more susceptible to wear and tear, corrosion, and technical obsolescence.

Upgrading or replacing this aging infrastructure involves substantial costs and logistical complexities. The need for retrofitting or replacing existing power transmission lines and towers is often compounded by factors such as urbanization, which may require modifications to accommodate expanding cities. Additionally, incorporating new technologies for grid modernization further adds to the financial burden. Governments and utilities face the challenge of securing funding for large-scale infrastructure projects, balancing the need for improvements with budget constraints, and ensuring minimal disruption to power supply during the upgrade process.

Regulatory and Environmental Hurdles

The Global Power Transmission Lines and Towers Market encounters significant challenges related to regulatory approvals and environmental concerns. The construction and expansion of power transmission infrastructure often involve traversing diverse landscapes, including ecologically sensitive areas, densely populated regions, and challenging terrains. Obtaining the necessary permits and approvals from regulatory authorities can be a lengthy and complex process, leading to delays in project timelines and increased costs.

Environmental considerations further complicate the deployment of power transmission lines and towers. Concerns about the impact on biodiversity, deforestation, and visual aesthetics can lead to opposition from local communities and environmental activists. Striking a balance between the need for reliable power transmission and environmental preservation becomes a delicate task. Companies operating in this market must navigate a complex web of regulations, engage in transparent communication with stakeholders, and invest in technologies that minimize environmental impact to address these challenges effectively.

Vulnerability to Natural Disasters and Climate Change

The susceptibility of power transmission lines and towers to natural disasters and climate change poses a significant challenge for the industry. Extreme weather events such as hurricanes, earthquakes, floods, and wildfires can cause extensive damage to infrastructure, leading to disruptions in power supply. The increasing frequency and intensity of these events due to climate change amplify the vulnerability of power transmission networks.

Ensuring the resilience of transmission lines and towers against such disasters is a pressing concern. This involves deploying advanced engineering solutions, utilizing materials that can withstand extreme conditions, and implementing effective disaster preparedness and response strategies. Additionally, the dynamic nature of climate change introduces uncertainties in predicting future weather patterns, making it challenging for companies and governments to plan and design infrastructure that can adapt to evolving environmental conditions.

Adapting power transmission infrastructure to withstand the impact of natural disasters and climate change requires significant investment in research and development, as well as collaboration between the public and private sectors. Finding sustainable and resilient solutions to address these challenges is crucial for ensuring the reliability and continuity of power transmission systems in the face of an increasingly unpredictable climate.

Key Market Trends

Integration of Digital Technologies and Smart Grid Solutions

One prominent trend shaping the Global Power Transmission Lines and Towers Market is the integration of digital technologies and the adoption of smart grid solutions. The traditional power transmission infrastructure is evolving to become more intelligent, efficient, and responsive through the incorporation of advanced digital technologies. This transformation is driven by the need for enhanced grid management, real-time monitoring, and optimized energy distribution.

Smart grid solutions leverage technologies such as sensors, communication networks, and data analytics to gather and analyze information about power transmission in real time. This allows utilities to monitor the health and performance of transmission lines and towers, detect faults or anomalies promptly, and respond to issues before they escalate. The integration of smart grid technologies improves the overall reliability and resilience of power transmission networks, reducing downtime and enhancing the ability to manage peak loads effectively.

The implementation of smart grid solutions enables utilities to optimize energy distribution, balance supply and demand, and integrate renewable energy sources seamlessly. Advanced communication systems facilitate bidirectional flow of information, enabling more efficient coordination between various components of the power grid. As the world transitions towards a more interconnected and digitized energy landscape, the Global Power Transmission Lines and Towers Market is witnessing a growing demand for solutions that enable utilities to deploy and manage intelligent power transmission infrastructure.

Emphasis on High-Voltage Direct Current (HVDC) Transmission

A significant trend in the Global Power Transmission Lines and Towers Market is the increasing emphasis on High-Voltage Direct Current (HVDC) transmission technology. HVDC transmission has gained prominence as an efficient and reliable solution for transmitting large amounts of electricity over long distances with minimal losses. This technology has several advantages over traditional Alternating Current (AC) transmission, making it a preferred choice for interconnecting power grids, integrating renewable energy sources, and ensuring efficient cross-border electricity transmission.

One key advantage of HVDC transmission is its ability to transmit electricity over longer distances with lower energy losses compared to AC transmission. This is particularly beneficial for transporting electricity from remote renewable energy generation sites to population centers. HVDC systems also provide greater control and flexibility in managing the power flow, allowing for improved grid stability and reliability.

The Global Power Transmission Lines and Towers Market is witnessing an increasing number of HVDC projects globally, including submarine cables and overhead lines. Governments and utilities are investing in upgrading existing AC transmission infrastructure to incorporate HVDC technology, thereby enhancing the overall efficiency of power transmission networks. Additionally, HVDC systems play a crucial role in interconnecting regional power grids, supporting the establishment of a more interconnected and resilient global energy infrastructure. As the demand for efficient long-distance power transmission continues to rise, HVDC technology is expected to be a dominant trend in shaping the future of the power transmission industry.

Segmental Insights

Product Insights

The High Tension segment emerged as the dominating segment in 2023. High tension transmission lines typically operate at voltages above 230 kV, and they play a critical role in transmitting large amounts of electricity over long distances.

The high tension segment is experiencing substantial growth due to the escalating global demand for electricity. Rapid industrialization, urbanization, and the increasing use of electronic devices contribute to a continuous surge in power consumption. High tension transmission lines are essential for efficiently transporting large quantities of electricity from power generation sources, such as power plants and renewable energy installations, to distribution networks and end-users.

Technological advancements in high tension transmission include the adoption of HVDC transmission technology. HVDC systems offer advantages such as lower transmission losses over long distances and the ability to interconnect asynchronous grids. The high tension segment is witnessing increased deployment of HVDC transmission lines for efficient and reliable electricity transport, especially in projects involving cross-border energy exchange and interconnection of regional power grids.


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Regional Insights

Asia-Pacific emerged as the dominating region in 2023, holding the largest market share. The Asia-Pacific region is home to a large and growing population. The rising standard of living, increased electrification in rural areas, and the proliferation of electronic devices contribute to a substantial increase in energy consumption. Meeting this growing demand requires substantial investments in power transmission infrastructure, including the development of high-capacity transmission lines and towers.

Governments across the Asia-Pacific region are actively promoting the integration of renewable energy sources into their power grids. Initiatives to reduce carbon emissions and achieve sustainability goals have led to a significant increase in the development of wind, solar, and other renewable energy projects. The expansion of renewable energy integration necessitates the deployment of advanced power transmission infrastructure, including high-capacity transmission lines and towers, to transmit clean energy from remote locations to population centers.

The Asia-Pacific region is witnessing a growing adoption of High-Voltage Direct Current (HVDC) technology in power transmission projects. HVDC transmission offers advantages such as reduced energy losses over long distances and improved interconnection between asynchronous grids. With the need for efficient long-distance transmission and the integration of renewable energy, HVDC technology is becoming a key trend in the region.

The Asia-Pacific region presents significant opportunities for investment in grid modernization projects. Upgrading and modernizing existing power transmission infrastructure to enhance efficiency, reliability, and resilience are priorities for many countries. Companies offering advanced technologies and solutions for grid modernization are well-positioned to capitalize on these opportunities.

With the push for regional economic integration and energy security, there is an increasing focus on cross-border power interconnections in the Asia-Pacific region. Developing interconnection projects allows countries to share electricity resources, enhance grid stability, and optimize energy distribution. Companies involved in cross-border transmission projects can leverage these opportunities for growth.

The Asia-Pacific region in the Global Power Transmission Lines and Towers Market is characterized by rapid growth, driven by urbanization, industrialization, and increasing energy demand. While facing challenges related to regulatory hurdles and infrastructure financing, the region presents significant opportunities for companies offering innovative solutions for grid modernization and cross-border power interconnections.

Recent Developments

  • In August 2023, Larsen & Toubro (L&T) announced that its Power Transmission & Distribution division has secured significant new contracts in the West Asia region. The company received a contract to construct a 220kV Gas Insulated Substation and associated transmission lines from a prominent energy service provider in the United Arab Emirates. Additionally, L&T has been awarded contracts to establish two new 132kV substations by a public services infrastructure company in Dubai. The company also secured a project to build a 220kV overhead transmission line in the region.

Key Market Players

  • ABB Ltd.
  • Siemens AG
  • General Electric Company
  • Nexans S.A.
  • Sterlite Power Transmission Limited
  • Toshiba Corporation
  • Prysmian S.p.A.
  • Sumitomo Electric Industries, Ltd.

By Product

By Application

By Region

  • High Tension
  • Extra High Tension
  • Transmission Lines
  • Transmission Towers
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Power Transmission Lines and Towers Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Power Transmission Lines and Towers Market, By Product:

o   High Tension

o   Extra High Tension  

  • Power Transmission Lines and Towers Market, By Application:

o   Transmission Lines

o   Transmission Towers                     

  • Power Transmission Lines and Towers Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

§  Netherlands

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

§  Thailand

§  Malaysia

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Chile

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Power Transmission Lines and Towers Market.

Available Customizations:

Global Power Transmission Lines and Towers Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Power Transmission Lines and Towers Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.         Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2.         Research Methodology

2.1.    Objective of the Study

2.2.    Baseline Methodology

2.3.    Formulation of the Scope

2.4.    Assumptions and Limitations

2.5.    Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.    Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.    Methodology Followed for Calculation of Market Size & Market Shares

2.8.    Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Impact of COVID-19 on Global Power Transmission Lines and Towers Market

5.         Voice of Customer

6.         Global Power Transmission Lines and Towers Market Overview

7.         Global Power Transmission Lines and Towers Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    Market Share & Forecast

7.2.1.By Product (High Tension and Extra High Tension)

7.2.2.By Application (Transmission Lines and Transmission Towers)

7.2.3.By Region (North America, Europe, South America, Middle East & Africa, Asia-Pacific)

7.3.    By Company (2023)

7.4.    Market Map

8.         North America Power Transmission Lines and Towers Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1.By Product

8.2.2.By Application

8.2.3.By Country

8.3.    North America: Country Analysis

8.3.1.United States Power Transmission Lines and Towers Market Outlook

8.3.1.1.      Market Size & Forecast

8.3.1.1.1.    By Value

8.3.1.2.      Market Share & Forecast

8.3.1.2.1.    By Product

8.3.1.2.2.    By Application

8.3.2.Canada Power Transmission Lines and Towers Market Outlook

8.3.2.1.      Market Size & Forecast

8.3.2.1.1.    By Value

8.3.2.2.      Market Share & Forecast

8.3.2.2.1.    By Product

8.3.2.2.2.    By Application

8.3.3.Mexico Power Transmission Lines and Towers Market Outlook

8.3.3.1.      Market Size & Forecast

8.3.3.1.1.    By Value

8.3.3.2.      Market Share & Forecast

8.3.3.2.1.    By Product

8.3.3.2.2.    By Application

9.         Europe Power Transmission Lines and Towers Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value

9.2.    Market Share & Forecast

9.2.1.By Product

9.2.2.By Application

9.2.3.By Country

9.3.    Europe: Country Analysis

9.3.1.Germany Power Transmission Lines and Towers Market Outlook

9.3.1.1.      Market Size & Forecast

9.3.1.1.1.    By Value

9.3.1.2.      Market Share & Forecast

9.3.1.2.1.    By Product

9.3.1.2.2.    By Application

9.3.2.France Power Transmission Lines and Towers Market Outlook

9.3.2.1.      Market Size & Forecast

9.3.2.1.1.    By Value

9.3.2.2.      Market Share & Forecast

9.3.2.2.1.    By Product

9.3.2.2.2.    By Application

9.3.3.United Kingdom Power Transmission Lines and Towers Market Outlook

9.3.3.1.      Market Size & Forecast

9.3.3.1.1.    By Value

9.3.3.2.      Market Share & Forecast

9.3.3.2.1.    By Product

9.3.3.2.2.    By Application

9.3.4.Italy Power Transmission Lines and Towers Market Outlook

9.3.4.1.      Market Size & Forecast

9.3.4.1.1.    By Value

9.3.4.2.      Market Share & Forecast

9.3.4.2.1.    By Product

9.3.4.2.2.    By Application

9.3.5.Spain Power Transmission Lines and Towers Market Outlook

9.3.5.1.      Market Size & Forecast

9.3.5.1.1.    By Value

9.3.5.2.      Market Share & Forecast

9.3.5.2.1.    By Product

9.3.5.2.2.    By Application

9.3.6.Netherlands Power Transmission Lines and Towers Market Outlook

9.3.6.1.      Market Size & Forecast

9.3.6.1.1.    By Value

9.3.6.2.      Market Share & Forecast

9.3.6.2.1.    By Product

9.3.6.2.2.    By Application

9.3.7.Belgium Power Transmission Lines and Towers Market Outlook

9.3.7.1.      Market Size & Forecast

9.3.7.1.1.    By Value

9.3.7.2.      Market Share & Forecast

9.3.7.2.1.    By Product

9.3.7.2.2.    By Application

10.      South America Power Transmission Lines and Towers Market Outlook

10.1. Market Size & Forecast

10.1.1.     By Value

10.2. Market Share & Forecast

10.2.1.     By Product

10.2.2.     By Application

10.2.3.     By Country

10.3. South America: Country Analysis

10.3.1.     Brazil Power Transmission Lines and Towers Market Outlook

10.3.1.1.   Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2.   Market Share & Forecast

10.3.1.2.1. By Product

10.3.1.2.2. By Application

10.3.2.     Colombia Power Transmission Lines and Towers Market Outlook

10.3.2.1.   Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2.   Market Share & Forecast

10.3.2.2.1. By Product

10.3.2.2.2. By Application

10.3.3.     Argentina Power Transmission Lines and Towers Market Outlook

10.3.3.1.   Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2.   Market Share & Forecast

10.3.3.2.1. By Product

10.3.3.2.2. By Application

10.3.4.     Chile Power Transmission Lines and Towers Market Outlook

10.3.4.1.   Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2.   Market Share & Forecast

10.3.4.2.1. By Product

10.3.4.2.2. By Application

11.      Middle East & Africa Power Transmission Lines and Towers Market Outlook

11.1. Market Size & Forecast

11.1.1.     By Value

11.2. Market Share & Forecast

11.2.1.     By Product

11.2.2.     By Application

11.2.3.     By Country

11.3. Middle East & Africa: Country Analysis

11.3.1.     Saudi Arabia Power Transmission Lines and Towers Market Outlook

11.3.1.1.   Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2.   Market Share & Forecast

11.3.1.2.1. By Product

11.3.1.2.2. By Application

11.3.2.     UAE Power Transmission Lines and Towers Market Outlook

11.3.2.1.   Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2.   Market Share & Forecast

11.3.2.2.1. By Product

11.3.2.2.2. By Application

11.3.3.     South Africa Power Transmission Lines and Towers Market Outlook

11.3.3.1.   Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2.   Market Share & Forecast

11.3.3.2.1. By Product

11.3.3.2.2. By Application

11.3.4.     Turkey Power Transmission Lines and Towers Market Outlook

11.3.4.1.   Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2.   Market Share & Forecast

11.3.4.2.1. By Product

11.3.4.2.2. By Application

12.      Asia-Pacific Power Transmission Lines and Towers Market Outlook

12.1. Market Size & Forecast

12.1.1.     By Value

12.2. Market Share & Forecast

12.2.1.     By Product

12.2.2.     By Application

12.2.3.     By Country

12.3. Asia-Pacific: Country Analysis

12.3.1.     China Power Transmission Lines and Towers Market Outlook

12.3.1.1.   Market Size & Forecast

12.3.1.1.1. By Value

12.3.1.2.   Market Share & Forecast

12.3.1.2.1. By Product

12.3.1.2.2. By Application

12.3.2.     India Power Transmission Lines and Towers Market Outlook

12.3.2.1.   Market Size & Forecast

12.3.2.1.1. By Value

12.3.2.2.   Market Share & Forecast

12.3.2.2.1. By Product

12.3.2.2.2. By Application

12.3.3.     Japan Power Transmission Lines and Towers Market Outlook

12.3.3.1.   Market Size & Forecast

12.3.3.1.1. By Value

12.3.3.2.   Market Share & Forecast

12.3.3.2.1. By Product

12.3.3.2.2. By Application

12.3.4.     South Korea Power Transmission Lines and Towers Market Outlook

12.3.4.1.   Market Size & Forecast

12.3.4.1.1. By Value

12.3.4.2.   Market Share & Forecast

12.3.4.2.1. By Product

12.3.4.2.2. By Application

12.3.5.     Australia Power Transmission Lines and Towers Market Outlook

12.3.5.1.   Market Size & Forecast

12.3.5.1.1. By Value

12.3.5.2.   Market Share & Forecast

12.3.5.2.1. By Product

12.3.5.2.2. By Application

12.3.6.     Thailand Power Transmission Lines and Towers Market Outlook

12.3.6.1.   Market Size & Forecast

12.3.6.1.1. By Value

12.3.6.2.   Market Share & Forecast

12.3.6.2.1. By Product

12.3.6.2.2. By Application

12.3.7.     Malaysia Power Transmission Lines and Towers Market Outlook

12.3.7.1.   Market Size & Forecast

12.3.7.1.1. By Value

12.3.7.2.   Market Share & Forecast

12.3.7.2.1. By Product

12.3.7.2.2. By Application

13.      Market Dynamics

13.1. Drivers

13.2. Challenges

14.      Market Trends and Developments

15.      Company Profiles

15.1.  ABB Ltd.

15.1.1.     Business Overview

15.1.2.     Key Revenue and Financials  

15.1.3.     Recent Developments

15.1.4.     Key Personnel/Key Contact Person

15.1.5.     Key Product/Services Offered

15.2.  Siemens AG

15.2.1.     Business Overview

15.2.2.     Key Revenue and Financials  

15.2.3.     Recent Developments

15.2.4.     Key Personnel/Key Contact Person

15.2.5.     Key Product/Services Offered

15.3.  General Electric Company

15.3.1.     Business Overview

15.3.2.     Key Revenue and Financials  

15.3.3.     Recent Developments

15.3.4.     Key Personnel/Key Contact Person

15.3.5.     Key Product/Services Offered

15.4.  Nexans S.A.

15.4.1.     Business Overview

15.4.2.     Key Revenue and Financials  

15.4.3.     Recent Developments

15.4.4.     Key Personnel/Key Contact Person

15.4.5.     Key Product/Services Offered

15.5.  Sterlite Power Transmission Limited

15.5.1.     Business Overview

15.5.2.     Key Revenue and Financials  

15.5.3.     Recent Developments

15.5.4.     Key Personnel/Key Contact Person

15.5.5.     Key Product/Services Offered

15.6.  Toshiba Corporation

15.6.1.     Business Overview

15.6.2.     Key Revenue and Financials  

15.6.3.     Recent Developments

15.6.4.     Key Personnel/Key Contact Person

15.6.5.     Key Product/Services Offered

15.7.  Prysmian S.p.A.

15.7.1.     Business Overview

15.7.2.     Key Revenue and Financials  

15.7.3.     Recent Developments

15.7.4.     Key Personnel/Key Contact Person

15.7.5.     Key Product/Services Offered

15.8.  Sumitomo Electric Industries, Ltd.

15.8.1.     Business Overview

15.8.2.     Key Revenue and Financials  

15.8.3.     Recent Developments

15.8.4.     Key Personnel/Key Contact Person

15.8.5.     Key Product/Services Offered

16.      Strategic Recommendations

17.      About Us & Disclaimer

 

Figures and Tables

Frequently asked questions

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The market size of the Global Power Transmission Lines and Towers Market was USD 35.51 billion in 2023.

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The High tension segment by product demonstrated significant dominance in 2023. The high tension transmission lines, which typically operate at voltages exceeding 230 kV, serve as vital conduits for transmitting substantial quantities of electricity across extensive distances. This segment is witnessing significant expansion owing to the rising worldwide need for electricity.

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Asia-Pacific dominated the market in 2023. The Asia-Pacific region is home to some of the world's fastest-growing economies, leading to a significant increase in energy demand. This necessitates the expansion and upgrading of power transmission networks to ensure reliable electricity supply. Countries like China, India, and Southeast Asian nations are investing heavily in expanding their transmission infrastructure to meet growing demand.

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Increasing Demand for Electricity, Smart Grid Technologies and Investment in Infrastructure are some of the major drivers for the Global Power Transmission Lines and Towers Market.

profile

Parvati Sharma

Account Manager BD
Press Release

Power Transmission Lines and Towers Market is expected to grow at a CAGR of 6.73% through 2029

May, 2024

Global Power Transmission Lines and Towers Market is expected to grow owing to growing trend towards the electrification of transportation, including electric vehicles (EVs) throughout the forecast p