India Galvanized Steel Monopole Market Booming With CAGR Of 21.5% Till 2028 Stated By MarketResearch.Biz

The India galvanized steel monopole market is estimated to value at nearly US$ 0.01 Bn in 2019, and is expected to register a CAGR of 21.5 %.

MarketResearch.biz announces publication of its most recently generated research report titled, “India Galvanized Steel Monopole Market by Product Type (50m), by Application (Power transmission), and Region (North India, South India, East India, West India, Northeast India, and Central India) Forecast to 2028.”, which offers a holistic view of the India galvanized steel monopole market through systematic segmentation that covers every aspect of the target market.

The India galvanized steel monopole market is estimated to value at nearly US$ 0.01 Bn in 2019, and is expected to register a CAGR of 21.5 %. The first five-year cumulative revenue (2019–2023) is projected to be more than US$ 0.04 Bn, which is expected to increase relatively over the latter part of the five-year forecast period.

India Galvanized Steel Monopole Market: Definition

Monopoles are tubular structures with uniform taper throughout their length, with polygonal cross sections that are tapered with longitudinal welding. They are an ideal solution for Right of Way (RoW) challenges and corridor width issues currently faced in India, whereas lattice towers require a comparatively larger area for deployment. Monopoles are better option in highly populated cities as 60%–70% less space is required. Moreover, the flexible structure of monopoles makes it able to withstand winds as well as maintenance of steel monopoles are cost-effective as compared to that of lattice towers with a capacities ranging from 11 kVA to 400 kVA.

India Galvanized Steel Monopole Market: Market Dynamics

Major factor driving growth of the India galvanized steel monopole market is increasing initiatives by Indian government for growth of power transmission sector. Additionally, under the Saubhagya Scheme, the Government of India has made plans to invest US$ 2.15 Bn till December 2018, for providing electricity to approximately four crore rural households. This is expected to further result into high demand for inter-regional power transmission transactions and capacity enhancement of intra-regional power infrastructure. Moreover, favorable government policies & electrification initiatives as well as approval/ allowance of 100% FDI in power sector is expected to support growth of the industry resulting in high demand for galvanized steel monopoles in states of India over the forecast period.

Raising awareness among utility decision making committees about various advantages and benefits of galvanized steel monopoles in comparison to lattice towers is expected to support growth of the market significantly. The aforementioned is current trends witnessed in the target market.

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India Galvanized Steel Monopole Market: Market Forecast

The comprehensive research report comprises a complete forecast of the India galvanized steel monopole market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the India galvanized steel monopole market is expected to register a CAGR of 21.5% during the forecast period.

India Galvanized Steel Monopole Market: Segmental Snapshot

The market report has been segmented on the basis of product type, application, and region. The product type segment includes 50m. The application segment includes power transmission. The region includes the North India, South India, East India, West India, Northeast India, and Central India

By Product Type: The 40m-50m segment is expected to register highest CAGR of over 22.5% over the forecast period in the global market

By Application: The interventional trials segment is expected to register highest CAGR of over 21.2% over the next 10 years

By Region: The market in South India is expected to register highest CAGR of over 25.0% in the India galvanized steel monopole market

India Galvanized Steel Monopole Market: Competitive Analysis

The research report on the India galvanized steel monopole market includes profiles of some of the major companies such as MİTAŞ Energy and Metal Construction Inc., Falcon Steel America, LLC., Valmont Industries, Inc. (Valmont Structures Pvt. Ltd.), International Poles, Xinhang Tower Technology Co., Ltd., and Skipper Limited.

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The India Galvanized Steel Monopole Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the India galvanized steel monopole market for 2018–2028.

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