Global Transmission Towers Market to grow at a CAGR of 7.99% during the period 2017-2021. One trend in the market is transition to smart grid. Power generation is transitioning to low-carbon or no-carbon fuels. Therefore, utilities and energy companies are making efforts to accommodate these fuels by changing the functioning of grids and implementing new IT technology. The traditional power grid had linear power generation, a partial connection with its customers, and a one-way communication. —
According to the Transmission Towers Market Report, one driver in the market is need for flexible power systems and changing energy landscape. The demand for power has increased exponentially across the world. Furthermore, the growth in population and rise in the global economy are expected to drive this trend in the future as well. According to the World Bank, the world population is projected to increase from 7.5 billion in 2016 to 8.8 billion by 2035. At present, energy security is the national agenda for any country. From a power generation point of view, the International Energy Agency (IEA) estimates that the global generation of electricity from fossil fuels is expected to reach 61% by 2020.
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Further, Transmission Towers Market Report states that one challenge in the market is dependency on electrical equipment imports in emerging countries. India does not have sufficient capacity for manufacturing electrical equipment in large volumes. Hence, it is forced to import Chinese equipment, which come at a low cost. However, such devices pose a threat to the national security. As electrical distribution systems carry power to essential applications, such as telecommunication, water systems, and critical infrastructure, governments and military services adopting low-cost equipment could lead to the hacking of data and power disruption.
key players in the global transmission towers market: Kalpataru Power Transmission Limited, KEC International, and Nanjing Daji Group. Other Prominent Vendors in the Transmission Towers Market are: Associated Power Structures, Aster, BS Group, Changshu Fengfan Power Equipment, EMC, Ganges Internationale, IVRCL, Jyoti Structures, Jyoti Americas, Karamtara Engineering, Shandong Dingchang Steel Tower, Skipper, TATA Projects, Union Metal, Weifang Chang'an Steel Tower Stock, Zamil Towers & Galvanizing, and Zhejiang Shengda Steel Tower.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
List of Transmission Towers Market Exhibits are:
Exhibit 01: Factors affecting construction of transmission towers
Exhibit 02: Global transmission towers market: Overview
Exhibit 03: Global transmission towers market 2016-2021 ($ millions)
Exhibit 04: Global power outlook
Exhibit 05: Five forces analysis
Exhibit 06: Global transmission towers market: Segmentation by application 2016 and 2021 (%)
Exhibit 07: Global transmission towers market by AC transmission towers 2016-2021 ($ millions)
Exhibit 08: Global transmission towers market by DC transmission towers 2016-2021 ($ millions)
Exhibit 09: Global transmission towers market: Geographical segmentation
Exhibit 10: T&D line length addition and refurbishment in APAC 2014-2035 (thousand miles) and more...
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