Global Power Transmission Towers and Cables Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Power Transmission Towers and Cables Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global power transmission towers and cables market report has been segmented on the basis of voltage range, current type, type, and region.
Global Power Transmission Towers and Cables Market: Overview
Power transmission towers and cables are important part of power transmission infrastructure. Power transmission towers and cables are used to transmit and distribute electricity from power generation facilities to the end users. These power transmission towers having variety of design, shape, and are located at a suitable height from land. Towers and cables serve as a medium for transporting the electricity over a long distance.
Global Power Transmission Towers and Cables Market: Dynamics
Need for a sustainable supply of electricity and rising investments to establish a sustainable grid network are some of the factors expected to drive growth of the power transmission towers and cables market. In addition, favorable government initiatives across the globe in order to upgrade power transmission units and rising focus on power generation via renewable sources of energy, along with growing investment in the power transmission and distribution are some factors expected to boost growth of the target market. However, wireless transmission technologies may hamper growth of the power transmission towers and cables market.
A major rising trend in the target market is rising demand for underground and submarine power transmission. This is another factor projected to fuel growth of the target market over the forecast period to a significant extent.
Global Power Transmission Towers and Cables Market: Segment Analysis
Among the voltage range segments, the above 660 kV segment is expected to represent major revenue share of the target market. This is attributable to the increase in investments in renewable energy projects and applications of such cables in industries such as mining, paper & pulp, and cement industry among others.
Among the current type segments, the high voltage direct current (HVDC) is expected to contribute significant revenue shares in the target market over the forecast period.
Among the type segments, the cables segment is estimated to witness an impressive rate of growth due to increasing demand from grid networks and the need for frequent replacements.
Global Power Transmission Towers and Cables Market: Regional Analysis
The market in North America is expected to observe a significant growth rate over the forecast period, attributable to increasing focus on renewable energy as a source of power generation, stringent rules & regulations related to energy saving, combined with ongoing expansion in the use of high voltage direct current (HVDC) technology in the US and Canada. In addition, Asia Pacific power transmission towers and cables market is projected to witness fastest growth in terms of revenue, owing to lower manufacturing costs of cables and rapidly expanding grid infrastructure. Moreover, increasing government initiatives for improvement or re-establishment of electric grid infrastructure, along with rapid expansion of ultra-high-tension (UHT) networks are some major factors driving growth of the target market in the region. Furthermore, huge investments in power transmission infrastructure in Saudi Arabia and other GCC countries are expected to drive the demand for power transmission towers and cables market in Middle East & Africa.
Global Power Transmission Towers and Cables Market Segmentation:
Segmentation by Voltage Range:
- 132 kV to 220 kV
- 221 kV to 660 kV
- Above 660 kV
Segmentation by Current:
Segmentation by Type:
- Power Transmission Towers
- Power Transmission Cables
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Prysmian Group
- Siemens AG
- Southwire Company, LLC
- RPG Cables Ltd.
- Hitachi Cable Ltd.
- Nexans SA
- Havells India Limited
- Coleman Cable, Inc.
- KEC International Ltd
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