Power Transmission Towers and Cables Market

21 Mar

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Power Transmission Towers and Cables Market Poised to Grow at a CAGR of 5.8% by 2024

  • By admin

  • January, 1970

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.

 

Get 15% discount for early purchase of global power transmission towers and cables market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1573

 

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

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.