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2019 Power Transmission Lines & Towers Market Market By Industry Trends, Share & Forecast to 2024

Author : Rahul Sankrityayan | Published Date : 2019-06-24 

Global Market Insights presents an extensive report on Power Transmission Lines & Towers Market  that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities. 

Power Transmission Lines & Towers Market size will surpass USD 60 billion by 2024.Rapid economic growth has led to an upsurge in the energy demand across most of the developing economies. Despite the growth in generation capacity, various nations across the globe have been prone to power deficit situation. Transmission and aggregate T&C losses result in huge overall deprivation in reference to revenue realization & energy. Hence, ongoing industrial trends have drifted the regulatory inclination from capacity addition to the enhancement of electricity supply networks and energy efficiency which in turn will foster the power transmission lines & towers market share.

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The U.S. power transmission lines & towers market is set to surpass USD 4 Billion by 2024. Increasing demand for revamping and retrofitting of the traditional grid infrastructure has infused a favorable industrial scenario. In addition, integration of enhanced grid control mechanism coupled with ongoing technological enhancements will augment the business growth. 

HVAC power transmission lines & towers market over the years has gained an appreciable market penetration owing to the economic cost structure along with simple processing. Light weight, improved ductility & malleability coupled with operational safety and lower amperage rating will boost the product deployment. In addition, effective voltage transformation favored by lower terminal costs will further complement the industry growth. 

Grid integration of renewable technologies coupled with the rapid expansion of micro-grid networks in the recent years has significantly capsized the expansion of power transmission lines & towers market. The proposed concept of national grid mechanism along with the expansion of grids across national borders positively influences the business landscape. Developed and developing economies across the globe through the integration of sustainable grid networks ensure the security of supply, which in turn will further stimulate the product penetration. 

Browse key industry insights spread across 800 pages with 1518 market data tables & 13 figures & charts from the report, “Power Transmission Lines & Towers Market Size By Product,Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/power-transmission-lines-and-towers-market

Power Transmission Lines & Towers Market, By Product

  • Power Transmission Lines
  • Power Transmission Towers

High temperature power transmission lines & towers market is anticipated to exceed an annual installation of over 15 ‘000 ckt km by 2024. These conductors exhibit similar dimensions when compared to an ACSR, but are stronger, lighter, and more conductive. However, the products possess improved expansion coefficient and tend to be more expensive than the conventional technologies. 

China power transmission lines & towers market in the recent years have gained significant escalation on account of rapid expansion of ultra-high-tension (UHT) networks to sustain the losses accrued from long-course electrical supply. In addition, favorable consumer and regulatory inclination towards the integration of HVDC networks to suffice the cross-border interconnection plans across the nation will positively sway the industry dynamics. 

Eminent players across the power transmission lines & towers market include ABB, Siemens, GE, K-Line, ICOMM, CG, EMC, KEC, Arteche, Aurecon, Mastec, Skipper, Sterling & Wilson, General Cable, Kalpataru, Nanjing Daji, ShanDong DingChang, Prysmian, Sumitomo, Zhejiang Shengda, Nexans, and Southwire Company.

Related Report:

Transfer Switch Market- https://www.marketwatch.com/press-release/transfer-switch-market-2018-2024-market-is-projected-to-reach-18-billion-2019-03-18
https://www.marketwatch.com/press-release/oil-filled-transformers-market-2018-2024-robust-demand-for-energy-efficient-solutions-across-urban-locales-to-boost-the-industry-growth-2019-03-19
 

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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