Electricity Transmission Towers Market | Contrive Datum Insights

The Global Electricity Transmission Towers Market Was Valued At $1.5 billion In 2022 And Is Expected To Expand  $1.8 Billion By 2030 at a CAGR Of 7.11% From 2023 To 2030

Electricity Transmission Towers Market Overview:

An electrical transmission tower is a device that supports transmission conductors, that is, overhead transmission lines between power plants and local termination substations. Transmission towers play an important role in transmitting power through overhead lines by structurally supporting high-voltage, heavy conductors. To transmit maximum power (over 110 kV) over overhead lines, towers are typically between 15 m and 55 m tall to withstand tension.

For heavy power transmission, high-voltage direct current (HVDC) technology is commonly used for long-distance transmission to reduce power loss and limit voltage drop. This DC conductor delivers a uniform voltage across its cross-sectional area. At maximum efficiency, the voltage at the sending end should equal the voltage at the receiving end with no voltage drop.

Electricity (both power and energy) is a commodity that can be traded in a market, such as the transmission of electricity to rural areas where the generated power is passed on to consumers known as end users and to manufacturing industries. In this process, transmission towers are essential to transport power, driving the transmission tower market. Aging tower infrastructure needs to be replaced with new towers, driving the transmission tower market.

Electricity Transmission Towers market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Electricity Transmission Towers market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Major Market Segments Covered in Electricity Transmission Towers Industry Research:

Market Key Players:
Zhejiang Shengda Steel Tower Co. Ltd., Prysmian S.p.A.,  Nanjing Daji Iron Tower Manufacturing Company Ltd.,  Weifang Changan Steel Tower Stock Company Ltd., Associated Power Structures Pvt. Ltd., Karamtara Engineering Pvt. Ltd., Sumitomo Electric Industries Ltd., and Nexans S.A.

Industry News:

• In May 2021, KEC International Ltd. announced that it has secured a new order valued at Rs 1,245 crore ($168 million) for the supply of transmission towers and related products in India and overseas.
• In March 2021, Kalpataru Power Transmission Ltd. announced that it has received new orders worth Rs 1,463 crore ($199 million) for the supply of transmission towers and related products in India and Africa.
• In January 2021, Power Grid Corporation of India Limited announced the commissioning of a new 400 kV transmission line and associated substations in the state of Gujarat to improve the reliability and efficiency of the power grid in the region.

By Type:

• AC
• DC

By Design:

• Lattice
• Tubular Steel
• Concrete
• Wood

By Application:

• Generating Station
• Mining Industry
• Manufacturing
• Others

By Region:

Developing countries in the APAC region, such as India and China are estimated to hold a relatively high market share due to power deficiency, and lack of power supply in rural areas. After Asia Pacific, Europe is forecasted to capture a relatively high market share due to a high necessity for power in the increasing number of industries.

North America and the Middle East collectively hold the third spot in terms of market share, owing to increase in industries, manufacturing, and oil and gas. Growing demand for electricity across the globe has created new opportunities for the global electricity transmission towers market.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Trends and Drivers

Growing demand for electricity in developing countries and increasing pace of industrialization drive the growth of the power transmission tower market. Aging infrastructure and increasing rates of long-distance mass transmission drive the growth of the transmission tower market. Different steel prices, steel availability, and import and export restrictions may affect the transmission tower market.

Electricity Transmission Towers Market report scope:

Key Takeaways from this Electricity Transmission Towers Report

• Estimate Electricity Transmission Towers market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Electricity Transmission Towers market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.