The Global Electricity Transmission Towers Market size is expected to grow at a significant pace during the forecast period. The growth can be attributed to rising demand for electricity across various sectors such as manufacturing, mining, and others. Increasing adoption of renewable energy sources is also driving the demand for power generation equipment which in turn will propel growth in this market.
Electricity Transmission Towers are high-voltage transmission towers that carry electricity over long distances. Electricity is generated in generating stations and the distribution networks deliver it to homes, offices, factories, etc. Power lines can be underground or overhead wires but electric energy cannot be transmitted through them due to their low capacity for transmitting power without loss of voltage or even causing partial collapses. The use of transmission towers helps reduce these risks as they have a higher carrying capacity than wire cables which leads to fewer losses on account of resistance from conductors.
On the basis of Type, the market is segmented into AC towers, DC Towers.
AC towers are typically used in high voltage (HV) networks and DC transmission lines. The AC tower is the most common type of tower as it has a higher carrying capacity than wire cables which leads to fewer losses on account of resistance from conductors.DC Towers have lower costs for installation, operation as well as maintenance but they cannot be used at all voltages, unlike an AC Tower. In addition, their construction requires more space due to the lack of insulation between them during electric arc welding whereas AC towers can use insulating materials like oil or polyurethane foam with no need for additional space requirements because electricity flows through the air rather than metal.
DC Towers have lower costs for installation, operation as well as maintenance but they cannot be used at all voltages, unlike an AC Tower. In addition, their construction requires more space due to the lack of insulation between them during electric arc welding whereas AC towers can use insulating materials like oil or polyurethane foam with no need for additional space requirements because electricity flows through the air rather than metal wires found in DC Towers which means there isn't much risk of electric arc welding.
On the basis of Application, the market is segmented into Generating Station, Mining Industry, Manufacturing, and Others. The Electricity Transmission Towers market has been witnessing a steady growth in the manufacturing sector owing to its use for various purposes such as transmission lines to connect power stations with substations or between different parts of an industrial site.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Europe is expected to be a key contributor at 32% during the forecast period 2021-2028 due to growing demand for energy across European countries coupled with increasing investment from governments towards infrastructure development projects in order to meet air quality standards set by WHO which would further lead to increased investments towards the installation of electricity towers over these regions.
The Asia Pacific region is considered to be one of the fastest-growing regions in terms of demand for electricity transmission towers. The region has been witnessing an increase in its economic growth and industrialization, which is further driving up power generation. There have also been significant developments taking place by various countries such as Australia with regards to renewable energy sources like solar, wind, or hydro-power, leading to increased consumption and demands on electrical infrastructure within this region. Latin America has traditionally seen low rates of urbanization coupled with high population densities that make it difficult for governments to expand grids at a pace comparable to that in more developed markets around the world.
Up Market Research published a new report titled “Electricity Transmission Towers Market research report which is segmented by Types (AC, DC), By Applications (Generating Station, Mining Industry, Manufacturing, Others), By Players/Companies Zhejiang Shengda Steel Tower, Prysmian, Daji, Changan Steel Tower Stock, Associated Power Structures, Karamtara Engineering, Sumitomo Electric Industries, Nexans”.
|Report Attributes||Report Details|
|Report Title||Electricity Transmission Towers Market Research Report|
|By Type||AC, DC|
|By Application||Generating Station, Mining Industry, Manufacturing, Others|
|By Companies||Zhejiang Shengda Steel Tower, Prysmian, Daji, Changan Steel Tower Stock, Associated Power Structures, Karamtara Engineering, Sumitomo Electric Industries, Nexans|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||243|
|Number of Tables & Figures||171|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type AC, DC and By Application Generating Station, Mining Industry, Manufacturing, Others.
Some of the companies that are profiled in this report are:
Electricity Transmission Towers Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Electricity Transmission Towers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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