+1-888-308-5802     
News Contact Us

Power Transmission Lines & Towers Market Industry Outlook, Growth Prospects and Key Opportunities 2024

Author : Rahul Sankrityayan | Published Date : 2019-04-26 

The qualitative research study introduced by Global Market Insights, Inc. on Power Transmission Lines & Towers Market Report provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the industry.

Power Transmission Lines & Towers Market size will surpass USD 60 billion by 2024, as reported in the latest study by Global Market Insights, Inc.

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.

Request for a sample of this research report @ www.gminsights.com/request-sample/detail/1182

800 pages

1518 market data tables

13 figures & charts

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.

Make an Inquiry for purchasing this report @ www.gminsights.com/inquiry-before-buying/1182

Growth drivers

 North America

  • Refurbishment & retrofitting of grid infrastructure
  • Favorable energy policies

 Europe

  • Stringent energy efficiency reforms
  • Focus towards smart grid deployment

 Asia Pacific

  • Rising peak load demand
  • Positive renewable energy outlook

 Middle East and Africa

  • Establishment of a sustainable energy infrastructure
  • Increasing demand for electricity

 Latin America

  • Integration of a sustainable electrical network

 Industry pitfalls & challenges

  • Slow paced technological evolution across developing regions

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.

The electricity consumption across the GCC and African economies has witnessed a steep proliferation over a decade subject to the rising energy demand, primarily from residential & commercial users. As per the EIA, per capita electricity consumption in the Gulf is projected to witness an appreciable turnaround by 2035, predominantly owing to the rapid population growth. Furthermore, re-establishment of electric grid infrastructure across war affected GCC nations to sustain the economic growth will drive the power transmission lines & towers market.

Browse Complete Summary of this report @ www.gminsights.com/industry-analysis/power-transmission-lines-and-towers-market

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:

Composite Insulators Market- www.gminsights.com/industry-analysis/composite-insulators-market

Water Tube Industrial Boiler Market- www.gminsights.com/industry-analysis/water-tube-industrial-boiler-market

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

Related News

Synthetic Food Market Projections, Industry Outlook, Business Outlook by 2024

Published Date: 2019-08-22         Author: Rahul Sankrityayan

Global Market Insights, Inc. has released a new research study on Synthetic Food Market analysis 2018-2023 inclusive of one or more factors covering regional opportunities, application landscape, product demand trends, and end-use portfolio of the industry over the forecast timeframe. The repor... Read More

Non-Alcoholic Beer Market Insights, Industry Projections, Regional Analysis by 2024

Published Date: 2019-08-22         Author: Rahul Sankrityayan

Global Market Insights, Inc. has announced the launch of Non-Alcoholic Beer Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in add... Read More

Food Enzymes Market 2019 Analysis, Industry Strategy, Business Prospects by 2024

Published Date: 2019-08-22         Author: Rahul Sankrityayan

Global Market Insights, Inc. has added a new report on Food Enzymes Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also ... Read More

© 2019 Fractovia. All Rights Reserved