Global Power Transmission Towers and Cables Industry 2018 Global Market Size, Technology Review, Cost Analysis and Demand Overview
Our latest research report entitled Power Transmission Towers and Cables Market (by voltage (132 KV to 220 KV, 221 KV to 660 KV and > 660 KV), current (HVAC, HVDC), type (power transmission towers, power transmission cables)) provides complete and deep insights into the market dynamics and growth of Power Transmission Towers and Cables. Latest information on market risks, industry chain structure Power Transmission Towers and Cables cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Power Transmission Towers and Cables growth factors.
The forecast Power Transmission Towers and Cables Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Power Transmission Towers and Cables on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to report the global power transmission towers and cables market is projected to grow at a CAGR of 5.8% over the forecast period of 2018-2024.
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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.
Market Segmentation by Voltage, Current and Type
The report on global power transmission towers and cables market covers segments such as, voltage, current and type. On the basis of voltage the global power transmission towers and cables market is categorized into 132 kv to 220 kv, 221 kv to 660 kv and > 660 kv. On the basis of current the global power transmission towers and cables market is categorized into hvac and hvdc. On the basis of type the global power transmission towers and cables market is categorized into power transmission towers and power transmission cables.
The report provides profiles of the companies in the global power transmission towers and cables market such as, 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. and Arteche.
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