Asia Pacific Transmission Lines Market Size - By Voltage (132 kV to 220 kV, 221 kV to 660 kV, > 660 kV), Conductor (Conventional, High Temperature), Growth Drivers, Country Outlook & Forecast, 2023 - 2032

APAC Transmission Lines Market Size

Asia Pacific transmission lines market size was valued at USD 5.9 Billion in 2022 and is predicted to expand at over 5.8% CAGR from 2023 to 2032. Driven by infrastructure development, renewable energy integration, technological innovation, and regional collaboration. These trends reflect the region's commitment to meeting its energy needs while addressing sustainability and reliability concerns in an ever-evolving energy landscape.
 

The expansion and modernization of electricity infrastructure in rapidly growing economies including India, Bangladesh, and China are driving significant demand for transmission lines. These countries are investing heavily in upgrading their power grids to meet the rising energy needs of their urbanizing populations. As a result, there is a substantial market for the construction of new high-voltage transmission lines and the refurbishment of existing ones, which in turn will foster the market growth in APAC.
 

Technological advancements along with private & public investments in the transmission line sector are influencing market dynamics. Ultra-high-voltage direct current (UHVDC) transmission technology is gaining prominence due to its ability to transmit electricity over extremely long distances with minimal losses. Countries like China have pioneered the development of UHVDC lines, setting a trend for the adoption of this technology across the region. The growing adoption of renewable energy resources, known for their cost-effectiveness and sustainability, will be a significant driver of the industry's expansion.
 

COVID- 19 Impact

The COVID-19 pandemic has had a multifaceted impact on the Asia Pacific transmission lines market. Initially, the pandemic disrupted ongoing projects due to lockdowns, labor shortages, and supply chain interruptions. This led to delays in the construction and commissioning of transmission lines, causing setbacks in infrastructure development across the continent. Additionally, the economic challenges brought about by the pandemic strained government budgets, diverting funds from infrastructure projects, including those related to transmission lines. As the pandemic highlighted the importance of reliable electricity supply for healthcare, remote work, and education, it also underscored the need for resilient transmission networks.
 

Asia Pacific Transmission Lines Market Trends

The transmission lines market is set to experience positive growth, led by various factors for regions including Asia Pacific, South-east Asia, SAARC, & Oceania. Key private players are making increasing investments to develop sustainable and cost-effective electricity generation solutions. Favorable government programs and schemes that promote the adoption of decentralized power generation resources along with private & public investment will further boost the industry outlook.
 

The increasing peak load demand, driven by industrial expansion and rapid commercialization, along with growing concerns about grid stability, will contribute to the industry's growth. Investments are continuously being made to expand small-scale industrial facilities and commercial establishments. In addition, there is a concerted effort to expand grid infrastructure to electrify previously un-electrified areas, creating new opportunities in the Asia Pacific transmission lines market.
 

Asia Pacific Transmission Lines Market Analysis

The 132 kV to 220 kV voltage transmission lines industry is likely to register 5.4% growth rate through 2032, propelled by the need to expand and strengthen medium-voltage transmission networks to accommodate urbanization and industrialization. Investments in renewable energy projects are also propelling this segment as they demand efficient grid connections. The transmission lines market for 221 kV to 660 kV voltage range is witnessing a prominent growth prospect owing to rising emphasis on cross-border interconnection projects. Many countries in the region are collaborating to establish higher voltage transmission lines, enabling long-distance electricity trade, enhancing grid resilience, and fostering Asia Pacific transmission lines market growth.
 

Asia Pacific high temperature transmission lines industry is anticipated to grow at a 6.1% CAGR up to 2032, impelled by the need for enhanced power grid & electricity reliability. High-temperature lines can carry higher current loads with reduced energy losses, making them particularly suitable for long-distance power transmission in the vast and varied landscapes of Asia Pacific. Moreover, the region's growing emphasis on integrating renewable energy sources, which are often situated in remote areas, necessitates the development of high-temperature lines to efficiently transport clean energy to urban centers.
 

The conventional transmission lines play a foundational role in ensuring reliable power supply to both urban and rural areas in the Asia Pacific region. The ongoing trend in this segment involves substantial investments in expanding and upgrading transmission networks to accommodate the rapid urbanization and industrialization occurring across many countries in the region. As Asia Pacific nations seek to meet their growing energy demands, conventional transmission lines are crucial for maintaining grid stability, reducing transmission losses, and facilitating the efficient flow of electricity. Although advanced transmission technologies are emerging, conventional lines remain a fundamental component of the region's energy infrastructure, supporting economic growth and power reliability.
 

SAARC transmission lines market is projected observe 7.7% growth between 2023 and 2032. Continuous push to strengthen and expand the transmission infrastructure to meet the country's rapidly growing electricity demand will fuel the Asia Pacific transmission lines market growth. In addition, rapid urbanization, industrialization, and rural electrification programs are driving investments in new transmission lines and grid modernization projects.
 

Increasing emphasis on grid resilience and smart grid solutions along with rising renewable energy integration across the country will complement the business scenario. The government's ambitious renewable energy targets have led to the development of transmission lines connecting renewable energy-rich states to demand centers. This not only supports the adoption of clean energy but also necessitates advanced transmission technologies. Additionally, a shift towards cross-border interconnections with neighboring countries, enhancing regional energy cooperation and trade is further expected to spur the market growth.
 

Asia Pacific Transmission Lines Market Share

Asia Pacific transmission lines market is on the cusp of significant expansion, essential for improving energy accessibility, dependability, and sustainability in the region. Key market players are directing their efforts toward fostering collaborations and partnerships to address the substantial financial requirements for upgrading the electric infrastructure. Furthermore, prominent industry participants are prioritizing cooperation with government agencies and foreign financial institutions, aiming to further advance their presence and operations within the regional market.
 

The prominent players profiled in the Asia Pacific transmission lines market report includes

• Nexans
• Siemens Energy
• ABB
• Prysmian Group
• CTC Global Corporation
• KEC International Ltd.
• Special Cable Pvt. Ltd.
• Galaxy Transmissions Pvt Ltd.
• CMI Limited
• Sterlite Power
• Sumitomo Electric Industries, Ltd.
• Bekaert
   

Asia Pacific Transmission Lines Industry News

• In August 2022, China's State Grid announced to invest over USD 22 billion in the development of ultra-high voltage (UHV) power transmission lines. This investment will facilitate the construction of eight new UHV projects, strategically designed to connect China's far western regions, which are rich in renewable energy resources like solar, wind, and hydropower plants.
   
• In March 2022, the government of Australia & Singapore came into an agreement for AAPowerLink project with an estimated investment of USD 22.54 billion. This project encompasses the construction of a solar farm, with a capacity ranging between 17GW and 20GW, and a battery energy storage system with a capacity between 36GWh and 42GWh. In addition, a 5,000km-long high-voltage direct current (HVDC) transmission system will be established for transmission that will incorporate an 800km-long overhead line leading to Darwin, as well as a remarkable 4,200km undersea cable system connecting Darwin to Singapore.
   

 This Asia Pacific transmission lines market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘ckm’, ‘MVA’ & ‘USD Million’ from 2019 to 2032, for the following segments:

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By Voltage

• 132 kV to 220 kV
• 221 kV to 660 kV
• > 660 kV

By Conductor

• Conventional
• High Temperature
• Others

The above information has been provided for the following regions:

• South East Asia
• Central Asia
• SAARC
• Oceania