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Power Transmission Towers & Cables Market worth $45.14 billion by 2030, growing at a CAGR of 7.21% - Exclusive Report by 360iResearch
Power Transmission Towers & Cables Market | 360iResearch
The Global Power Transmission Towers & Cables Market to grow from USD 27.72 billion in 2023 to USD 45.14 billion by 2030, at a CAGR of 7.21%.
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The power transmission towers carry high-voltage transmission lines or cables to transport power from the generating station to electrical substations. Transmission towers support the overhead power lines' high-voltage conductors from the generating station switchyard to the source and satellite substations near populated areas. The growing inclusion of renewable power resources has been driving the market growth for the past few years due to the increased demand for new power infrastructure when renewable power integration occurs at a large scale. In addition, the transmission towers offer various advantages such as high resistance to corrosion and low sagging ability that help maintain the stability and reliability of the power system, contributing to the growth of the market. Furthermore, constant focus on advancements in high-voltage direct current (HVDC) transmission to transfer power over long distances encourages the increased deployment of transmission towers and cables. However, the upfront cost associated with HVDC transmission systems and obstructions due to continuous pathways for the line poses a challenge to the market's growth. In line with this, the worldwide government and key market vendors are collectively working on grid modernization and smart grid projects that can further help overcome the current challenges while creating an opportunistic landscape for the market to grow in the forthcoming years.
The Asia-Pacific region represents an evolving landscape for power transmission towers & cables characterized by the massive presence of raw materials and low-cost manufacturing procedures. The massive investments by the emerging economies to improve the transmission and distribution of electricity are expected to create growth opportunities for power transmission towers & cables in the APAC region. Europe, the Middle East, and Africa's power transmission towers & cables market is rapidly advancing due to the transition towards clean and renewable energy with heavy investments in modernizing aging electrical infrastructures. The power transmission towers & cables market in the Americas is highly developing owing to the players' multiple product development and expansion strategies to meet their increasing demand from the power and energy sector. The U.S. and Canada have initiated several power generation and grid modernization projects with government support, elevating the region's need for power transmission towers & cables.
Market Segmentation & Coverage:
This research report categorizes the Power Transmission Towers & Cables Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Voltage, market is studied across 132 kV to 220 kV, 221 kV to 660 kV, and > 660 kV. The > 660 kV is projected to witness significant market share during forecast period.
Based on Current, market is studied across HVAC and HVDC. The HVDC is projected to witness significant market share during forecast period.
Based on Type, market is studied across Power Transmission Cables and Power Transmission Towers. The Power Transmission Towers is further studied across Suspension Tower, Tension Tower, and Transposition Tower. The Power Transmission Cables is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Power Transmission Towers & Cables Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Power Transmission Towers & Cables Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Power Transmission Towers & Cables Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Al-Babtain Power & Telecommunication Co., Alfanar Group, Belden Inc., BTL EPC Ltd., Encore Wire Corporation, Fabrimet Inc., Finolex Cables Ltd., Galaxy Wire & Cable, Inc., Had Fab Ltd., Jiangsu Guohua Tube Tower Manufacture Co., Ltd., Jindal Power Corporation, Kalpataru Power Transmission Limited, Karamtara Engineering Pvt. Ltd., KEC International Ltd., Laser Power and Infra, Locweld Inc., Lyndon SGB, Nanjing Daji Steel Tower Manufacturing Co., Ltd., NEXANS SA, Prysmian S.p.A., Shah Infra Towers(P) Ltd., Shandong Dingchang Tower Manufacturing Co., Ltd., Siemens AG, Skipper Limited, Southwire Company, LLC, Sterlite Power, Sumitomo Electric Industries, Ltd., The Okonite Company, and ZMS Cable Company. Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Power Transmission Towers & Cables Market, by Voltage
7. Power Transmission Towers & Cables Market, by Current
8. Power Transmission Towers & Cables Market, by Type
9. Americas Power Transmission Towers & Cables Market
10. Asia-Pacific Power Transmission Towers & Cables Market
11. Europe, Middle East & Africa Power Transmission Towers & Cables Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Power Transmission Towers & Cables Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Power Transmission Towers & Cables Market?
3. What is the competitive strategic window for opportunities in the Power Transmission Towers & Cables Market?
4. What are the technology trends and regulatory frameworks in the Power Transmission Towers & Cables Market?
5. What is the market share of the leading vendors in the Power Transmission Towers & Cables Market?
6. What modes and strategic moves are considered suitable for entering the Power Transmission Towers & Cables Market?
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