Enjoy complimentary customisation on priority with our Enterprise License!
Want a bigger picture? Try a FREE sample of this report now!
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Research analysis on the global transmission towers market identifies that the T&D expansion leading to the rise in transmission tower installations will be one of the major factors that will have a positive impact on the growth of the market. Manufacturing sectors in APAC are significantly increasing resulting in demand for electricity that is driving the public and private power sector companies in numerous regions to start projects of scheduled network capacity expansion. These projects will raise the demand for electric power towers as they involve the setting up of numerous transmission towers for effective transmission of electric power, which in turn, will lead to the growth of the market. Countries such as China, India, Japan, Thailand, the Philippines, Vietnam, and Australia are witnessing substantial economic growth along with industrialization and commercialization. Our industry analysts predict that this market will grow at a CAGR of nearly 8% by 2021.
Modernization of power grids by adopting smart grids that use digital and IT to keep a track of the power flow efficiently and effectively are increasingly being used in the market. This is driving the need for smart grid T&D equipment, such as synchrophasor, HVDC, reclosers, and Volt-VAR control equipment. Moreover, upgrading technologies assist in collaborating and altering the grid to accommodate more number of low-carbon polluting technologies, such as renewables, distribution generation, and energy storage for power generation. The shift from traditional power grids to smart grid is expected to be one of the leading trends that will gain traction in the transmission towers market during the forecast period.
The transmission towers market consists of international, regional, and local vendors. Several local and regional vendors are offering high-tech and customized products at reasonable prices compared with international vendors. As a result, the new vendors entering the market are finding it hard to compete with prevailing vendors based on features, functionalities, quality, and services.
The leading vendors in the market are ?
The other prominent vendors in the 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.
Get more value with Technavio's INSIGHTS subscription platform! Gain easy access to all of Technavio's reports, along with on-demand services. Try the demo
The increased usage of AC transmission towers in countries such as Canada, Germany, and Scandinavia and the wide utilization of three-phase power systems will drive growth of the AC transmission towers segment. The high voltage paralleling circuits of 380 kV, 220 kV, and 110 kV-lines are designed to work on the AC transmission towers.
The high demand for electricity, rapid urbanization, and better living standards have enhanced electricity consumption in many major countries in APAC, such as China and India. Moreover, the rise in private participation and investments in the power T&D market will also result in a rise in the demand for transmission towers in the region.
Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
Technavio also offers customization on reports based on specific client requirement.
This new report by Technavio on the global transmission towers market is an essential part of the heavy industry portfolio under the fast-growing subdivision like unit operations. This report aims at estimating the major trends and market drivers that induce the growth of the unit operations industry. Addition and refurbishment of T&D lines are the major trends in this industry according to our Technavio's market research experts.
Our market research analysis includes primary and secondary research techniques like vendor briefings, telephone and online surveys, webinars, and podcasts, and industry journals and publications to help clients develop active growth strategies and keep pace with the frequently changing market landscape. Furthermore, vendors like Kalpataru, IVRCL and Skipper are covered under this upcoming industry research report on the global transmission towers market.
The growing offshore renewable energy installations and the increasing cross-border interconnections are factors which may influence the demand for transmission towers in the coming years as predicted by our market specialists. Furthermore, geographies like the Americas, APAC, and EMEA are covered by this report on the global transmission towers market to offer clients the scope to identify potential market opportunities and expand in niche markets.
The upcoming industry report on the global transmission towers market also offers insights into the challenges faced by this industry like, the increase in the distribution generation. Technavio also provides insights into the sectors such as tools and components and engineering tools.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.