Infinium Global Research has added
a new report on Power
Transmission Towers and Cables Market. The report presents analysis of
global as well as regional markets of power transmission towers and cables
market over the period of 2016 to 2024. Power transmission towers and
cables are a pivotal part of the power transmission infrastructure. These
components are used for transmission and distribution of electricity from power
generation facilities to the end-users. Electricity can be transported over a
long distance through cables that serve as a medium for transporting the
electricity. When transmitting power, high-voltage transmission is preferred to
save energy. Air cannot conduct the heat dissipated by the electric cables that
is why cables are engineered in such a way that it offers no resistance to the
flow of electric current by increasing the diameter of the conductor. When the
weather is hot, the cables tend to be looser as the conductor will expand but
when it is cold, the cable will contract.
Need for a sustainable supply of electricity in a number of
industrialized nations is driving the growth of the power transmission towers
and cables market. In addition, rising investments to establish a sustainable
network along with satisfactory improvements pertaining to the integration of
grid integration of renewable systems and vast presence of distributed power
systems is boosting the growth of the power transmission towers and cables
market. The market for power transmission cables will also benefit the rising integration
of renewable energy resources and rising demand from the sectors of underground
and submarine power transmission. However, wireless transmission technologies
can overcome the constraints of wired transmission which in turn is likely to
hamper the growth of the power transmission towers and cables market.
Furthermore, newer technologies and advanced innovations have been adopted to
ensure sustainable power supply to demand centers and effective operation of
power transmission lines. This, in turn, has provided several growth
opportunities for the key players in the power transmission towers and cables
market over the years to come
Among the geographies, Asia Pacific held the major share in the power transmission towers and cables market followed by North America. China and India are the key countries driving the growth in the Asia Pacific regions due to the rapid expansion of ultra-high-tension (UHT) networks to sustain the losses accrued from the long-course electrical supply. Re-establishment of electric grid infrastructure across war affected GCC nations to sustain the economic growth is anticipated to gain a positive outlook for the power transmission towers and cables market. In addition, rising infrastructural investments along with rising energy consumption are anticipated to drive the North American regions. On the other hand,Huge investments in power transmission infrastructure by countries such as Saudi Arabia and others are expected to drive the demand for power transmission towers and cables market. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global power transmission towers and cables market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that
Asia Pacific dominated the global power transmission towers and cables market
over the last couple of years, while emerging markets of Asia-Pacific and Latin
America are anticipated to contribute significantly to the growth in the power
transmission towers and cables market worldwide.
The report segments the global
power transmission towers and cables market on the basis of Voltage,
Current and Type.
Global Power Transmission Towers
And Cables Market by Voltage
·
132 KV to 220 KV
·
221 KV to 660 KV
·
> 660 KV
Global Power Transmission Towers
And Cables Market by Current
·
HVAC
·
HVDC
Global Power Transmission Towers
And Cables Market by Type
·
Power Transmission Towers
·
Power Transmission Cables
Companies Profiled in the Report
·
ABB
·
Siemens
·
Kalpataru Power Transmission Ltd.
·
Sumitomo Electric Industries Ltd.
·
Southwire Company LLC
·
KEC International Ltd.
·
Nanjing Daji Iron Tower
Manufacturing Co. Ltd.
·
Sterling & Wilson
·
Southwire Company.
·
Arteche
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