Press release
Asia Pacific to Present Most Promising Opportunities for Development of Power Transmission Towers and Cables
The increasingly dynamic operating environment with the integration of renewable and distributed power resources in conventional grid infrastructure will have a major impact on the future development of the global power transmission towers and cables market states a recent report by Transparency Market Research (TMR). The vast number of companies operating in the highly fragmented marketplace will benefit from the rising demand for up gradation of old or technologically outdated grid infrastructures. Asia Pacific is home to some of the largest vendors in the power transmission towers and cables market, including Sumitomo Electric Industries Ltd., KEC International Ltd., ShanDong DingChang Tower Co. Ltd., Nanjing Daji Iron Tower Manufacturing Co. Ltd., Zhejiang Shengda Steel Tower Co. Ltd., and Kalpataru Power Transmission Ltd.Get the PDF Brochure for more Professional and Technical Industry Insights @:
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8965
Mounting Demand for Electricity to Lead to Expansion of Grid Networks
Uninterrupted and high quality electricity supply being central to several developments in today’s increasing-ly digitized world, the vast rise in the global demand for electricity forms the backbone of the global power transmission towers and cables market. In addition to this factor, rapid industrialization and urbanization will be the major factors encouraging developments in the market in the next few years.
The need to adapt to the dynamically changing grid infrastructures, owing to the rising integration of renew-able power sources in conventional grids, and dynamically changing load profiles will lead to technological advancements in the sector. The market will also witness significant development in response to the need for upgrading grid elements to technologically advanced ones, demand for which is driven by the increasing complexity of transmission networks and the constant rise in power flow.
However, the market will be hampered to a certain extent owing to the emergence of wireless power trans-mission technologies such as laser beaming and solar and magnetic resonant induction coupling in the next few years. Known to minimize electrical energy losses and grant increased convenience of energy transfer, these technologies will see increased adoption from utilities looking for ways of achieving increased power efficiency. Adoption of these technologies will, to an extent, limit the need for overhead cables and above-ground power transmission towers.
Browse The Research Report @:
http://www.transparencymarketresearch.com/power-transmission-towers-cables-market.html
Urgency for Grid Upgradation in Emerging Countries to be Key Enabler of Growth
The markets for power transmission towers and cables in developed regions will be driven majorly by the vast and rapid changes in power flows and operating environment associated with the rising inclusion of renewable and distributed power resources in grid infrastructure. Additionally, the aging of grid components in these regions will also be a major driver of the power transmission towers and cables market.
In developing regions such as Asia Pacific and Africa, limitations in existing grid infrastructure will lead to the increased demand for technologically advanced power transmission towers. Existing products in grid infrastructure in these regions, including circuit breakers, fixed shunt reactors, and conventional transform-ers, will not be able to deal with situations such as higher power and quality demands of modern digital de-vices, load variability, and increasingly complex and long interconnections. Thus, power transmission tow-ers will be subjected to numerous changes in regards with design, control mechanism, and safety and secu-rity features in the near future, driving increased demand for tower maintenance and up gradation services.
Asia Pacific will account for the largest share in the global market for power transmission towers and cables in terms of both volume and revenue generation, with nearly 44% and 49%, respectively, in the global mar-ket by 2023.
Transparency Market Research projects that the global market for power transmission towers and cables will tread along a healthy growth path over the next few years. Expected to exhibit a CAGR of 7.15% over the period between 2015 and 2023, the market will rise from a valuation of US$7.62 bn in 2014 to US$13.90 bn by 2023.
This review of the market is based on a recent market research report published by Transparency Market Research, titled “Power Transmission Towers and Cables Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 - 2023.”
For the study, the market is segmented as follows:
Global Power Transmission Towers and Cables Market: By Type
• Power Transmission Towers
• Power Transmission Cables
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business infor-mation reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyses information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
Visit Blog: http://globalresearchmarket.blogspot.in/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Asia Pacific to Present Most Promising Opportunities for Development of Power Transmission Towers and Cables here
News-ID: 368862 • Views: …
More Releases from TMR - Market Research
Printed Electronics Market: Future Forecast Assessed on the basis of how the Mar …
The global printed electronics market is moderately fragmented, with leading players focusing on mergers and acquisition as their strategic business alliances are helping them to acquire greater share in the market and making them formidable competition for others. The players within the printed electronics market are also fighting to gain leadership in the market by implementing the latest technologies and investing in research and development for coming up with product…
Internet of Things Market: Industry Analysis, Opportunity Assessment and Forecas …
The global internet of things market is thrived by players of all sizes, with a large chunk of them traditionally based in the area of consumer electronics or internet and communication technologies (ICT), notes Transparency Market Research (TMR). Some of the leading companies in the global internet of things market are Cisco Systems, Inc., Intel Corp, Amazon.com, Inc., Microsoft Corp., Apple, Inc., and Google, Inc.
Top players in this market focused…
Water Purifier Market: Projection of Each Major Segment over the Forecast Period
The top two players, Eureka Forbes and Kent Ro system Ltd., held a dominant share of 65% in the India water purifier market in 2015. The consolidated market is expected to see the entry of several small and big companies, which spells hope for competition in the coming years, observes Transparency Market Research. “The promise of offering exceptionally services to the end users and making pure water affordable are the…
Water Purifier Market: Projection of Each Major Segment over the Forecast Period
The global internet of things market is thrived by players of all sizes, with a large chunk of them traditionally based in the area of consumer electronics or internet and communication technologies (ICT), notes Transparency Market Research (TMR). Some of the leading companies in the global internet of things market are Cisco Systems, Inc., Intel Corp, Amazon.com, Inc., Microsoft Corp., Apple, Inc., and Google, Inc.
Top players in this market focused…
More Releases for Transparency
transparency market research
The global Custom Antibody Market market is estimated to attain a valuation of US$1 Billion by the end of 2033, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 0.085% during the forecast period, 2023 to 2033.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading…
Transparency Market Research
A belt drive is a type of power transmission device which is a looped belt wound around a pair of pulley so as to transmit power between two or more rotating shafts. Compared to other power transmitting devices, belt drives are more preferred in mechanical industry due to easy installation, numerous speed ratio selections, less power loss and comparative low price. Belt drive protects the rotating machinery from overload fluctuations…
Transparency Market Research
An ultrasonic motor is an electric motor which is driven by the ultrasonic vibration of a component. The stator of the motor is supported by piezoelectric components in ultrasonic frequency range which produces different types of vibrations depending on its arrangement. In other words, ultrasonic motor is a type of electric motor that transforms ultrasonic physical vibrations to linear motion, produced by a piezo-transducer. Ultrasonic motors therefore do not use…
More transparency in Engineering IT
CPO certification helps evaluate openness of IT systems
Digitalization is making openness in the linking of IT solutions increasingly important. The Code of PLM Openness (CPO), developed by the ProSTEP iViP Association, supplies a concrete approach for achieving precisely that. Fraunhofer IAO has now developed an effective certification for companies, which helps them comply with the CPO criteria.
Industrie 4.0 requires intensified collaboration between various tools and systems. Only when…
eDataCenterAnalyzer Increases Transparency in Data Centers
30 June 2016. Walldorf, Germany. – fluid Operations™ AG (fluidOps), a leader in semantic technologies, today launched eDataCenterAnalyzer™, an app that increases transparency in data centers. With the launch of this app and new releases of its Smart Data Platform Information Workbench™ and cloud management app eCloudManager™, the company has set the cornerstone for the future development of its product portfolio.
eDataCenterAnalyzer combines the full functionality of Information Workbench with innovative…
Transparency across the entire process chain
Leitner Spedition implements best4log-x
• Austrian trucking company uses arvato Systems solution
• End-to-end process management provides higher efficiency
(arvato Systems) Gütersloh / Unterpremstätten – Since the beginning of 2015, the Austrian trucking company Leitner Spedition has been working with the best4log-x transport management system. This SAP-based solution from arvato Systems provides an integrated digital information flow and supports mid-sized companies in achieving a transparent process design. Controlling and Reporting have seen a…
