Home > Energy & Power > Electrical Equipment > Electrical Infrastructure > Transmission Towers Market

Transmission Towers Market Size

Report ID: GMI5263
Published Date: May 2022
Report Format: PDF

Download Free Sample

Transmission Towers Market Size

Transmission Towers Market size exceeded USD 17 billion in 2021 and is anticipated to grow at over 4% CAGR from 2022 to 2028. The shifting inclination toward secure & sustainable power networks in line with the ongoing modernization of conventional T&D structures will stimulate the industry outlook.

Rising construction activities across the commercial sector have influenced state utilities in terms of the installation of low & medium-voltage lines and other electrical structures. In addition, the development of smart grid networks combined with the growing requirement for a secure & reliable power supply will foster the market growth.

To get key market trends

Download Free Sample

Growing demand for the revamping & replacement of traditional aging infrastructures along with government policies & regulations for reduced emissions will sway the transmission towers market landscape. Rising construction activities across the commercial sector, followed by the continuous installation of low & medium voltage lines and other electrical equipment have instituted a favorable business scenario. For instance, as per the U.S. Central Bureau, the spending on commercial construction activities in the first 11 months of 2021 was USD 1,463 billion with an increase of around 7% compared to 2020.

Transmission Towers Market Report Attributes
Report Attribute	Details
Base Year:	2021
Transmission Towers Market Size in 2021:	17 Billion (USD)
Forecast Period:	2022 to 2028
Forecast Period 2022 to 2028 CAGR:	4%
2028 Value Projection:	24 Billion (USD)
Historical Data for:	2018 to 2021
No. of Pages:	300
Tables, Charts & Figures:	516
Segments covered:	Voltage, Structure
Growth Drivers:	North America and Europe Expansion of smart grid networks Refurbishment & retrofit of existing grid infrastructure Large-scale renewable integration Asia Pacific Rising peak load demand Expansion of micro-grid networks Grid stability & security of supply concerns Middle East, Africa, and Latin America Increasing electricity demand Integration of a sustainable electrical network
Pitfalls & Challenges:	High capital investments and associated replacement & maintenance costs

Learn more about the key segments shaping this market

Download Free Sample

Authors: Ankit Gupta, Shubhankar Dimri

Frequently Asked Questions (FAQ) :

The market size of transmission towers exceeded USD 17 billion in 2021 and is anticipated to record over 4% CAGR during the forecast period of 2022-2028.

132 kV to 220 kV transmission towers industry value is predicted to cross USD 2 billion by 2028 as the aging grid networks across several regions are being replaced and upgraded.

North America market will showcase more than 6% CAGR through 2028 due to the rapid development of new interstate transmission line networks across the region.

Utkarsh India Limited, Jyoti Structures Limited, QUANTA SERVICES, KEC International Ltd., Valard Construction, NEXANS, and Burns & McDonnell, among many others, are the prominent players in this market.