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Power Transmission Lines and Towers Market Trends

Report ID: GMI1182
Published Date: Jul 2024
Report Format: PDF

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Power Transmission Lines and Towers Market Trends

The shift towards renewable energy sources like wind, solar, and hydro requires new transmission lines and towers to connect these often-remote generation sites to the main grid, driving market growth. Innovations in transmission technology, such as High Voltage Direct Current (HVDC) systems and smart grid technology, are enhancing the efficiency and reliability of power transmission, necessitating upgrades and new installations. Additionally, expanding the grid to rural and remote areas in developing countries is a significant growth driver.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of power transmission lines & towers industry was worth about USD 36.9 billion in 2023 and is anticipated to register 4.8% CAGR between 2024 and 2032, due to rapid integration for renewable energy sources to generate electricity.

The conventional segment in the power transmission lines & towers market is anticipated to reach USD 18 billion by 2032, driven by adoption of power transmission lines and towers and continuous investments in power infrastructure.

Asia Pacific power transmission lines & towers market is anticipated to reach USD 25 billion by 2032, due to increasing electricity demand from expanding urban areas and industrial sectors and government initiatives for rural electrification.

APAR Industries Ltd., Bekaert, CABCON India Private Limited., CMI Limited, CTC Global Corporation, Eland Cables, Elsewedy Electric, Gupta Power Infrastructure Ltd., KEI Industries Limited, and Kelani Cables, among others.