Power Transmission Lines & Towers Market is predicted to grow at over 6% by 2024

Enhanced government efforts to upgrade existing power grid infrastructure is expected to spur Power Transmission Lines & Towers Market growth in the years ahead. Global warming, majorly caused due to fossil fuel emissions, has adversely impacted the human health and this has led to rising preference for green technologies, in turn creating lucrative growth opportunities for the business. In 2016, the U.S. energy department had declared clean line project funding of USD 2.5 billion for constructing power transmission line, carrying wind -generated power of nearly 4000 MW, from Oklahoma to Tennessee through Arkansas. The power transmission line construction will commence in 2017 and will be inducted in service by 2020.
Exponentially rising population has further added to growing power supply needs which will significantly leverage power transmission lines & towers industry development. In 2014, the U.S. government had announced a funding of USD 10 billion for enhancement of the power grid infrastructure in the rural areas.

Taking into consideration the topographical trends, France power transmission lines & towers industry, which accumulated a revenue of USD 450 million in 2015, is projected to grow prominently over the coming seven years. Stringent norms set by the government to minimize curtailment will contribute significantly towards the business revenue.

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Brazil power transmission lines & towers industry is forecast to hit the revenue of USD 1 billion by 2024. Heavy foreign investments in the business will drive the growth. Power transmission lines & towers market size in the UK is expected to grow at a CAGR of 5% over the period of 2016-2024, driven by the escalated demand for renewable energy.

China power transmission lines & towers industry is slated to surpass USD 7 billion by 2024, growing at a rate of 8% during the period from 2016 to 2024. The country aims to spend over USD 360 billion on green energy by 2020. Power transmission lines & towers market in India, which amassed a revenue of more than USD 1 billion in 2015, is expected to witness an enormous expansion over the next few years. Strict measures to reduce power cuts along with favorable schemes introduced by the government to link state and central power grid network will favor the business growth.


U.S. power transmission lines & towers market is projected to reach USD 1 billion by 2024, growing at a CAGR of 4% over the period of 2016-2024. Introduction of the beneficial policies by the state authorities to augment grid security will promote the industry growth in the region. Power transmission lines & towers industry in UAE, worth USD 175 million in 2015, is projected to observe a noteworthy growth over the coming timeframe. Supportive & cooperative government plans fulfilling the power supply requirements of the oil & gas industries will positively impact the regional growth.

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High tension power transmission lines & towers market, which was estimated at USD 7 billion in 2015, are expected to grow notably over the coming seven years. State power grid and national grid infrastructure integration are expected to enhance the industry size in the future. Extra high tension power transmission lines & towers industry is expected to record an annual growth of 6% over the period of 2016-2024.

Based on the current levels, power transmission lines & towers market is segmented into HVDC and HVAC Power Transmission Lines & Towers. HVDC power transmission lines & towers industry size, which was evaluated at USD 2 billion in 2015, is expected to record a CAGR of 8% over the next few years. High emphasis on transfer of power supply in bulk with minimal power losses is expected to upswing the industry size. Germany, UK, Brazil, and China are installing UHVDC systems on the large-scale and this will brighten the future business growth potential.

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