Power Transmission Lines and Towers Market by Type and Geography - Forecast and Analysis 2020-2024

  • Published: Jul 2020
  • Pages: 120
  • SKU: IRTNTR44070
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The power transmission lines and towers market size has the potential to grow by USD 8.88 bn during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by type (HVAC and HVDC) and geography (APAC, Europe, North America, MEA, and South America). Also, the report analyzes the market's competitive landscape. It offers information on several market vendors, including ABB Ltd., AECOM, Arteche Group, Lamifil NV, MasTec Inc., MYR Group Inc., Nexans SA, Prysmian Spa, Quanta Services Inc., and Siemens AG.

Market Overview

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Market Competitive Analysis

The market is fragmented. ABB Ltd., AECOM, and Arteche Group are some of the major market participants. Although the Rapid growth in demand for high-voltage transmission lines in the utility sector will offer immense growth opportunities, the slowdown in manufacturing output will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this power transmission lines and towers market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this power transmission lines and towers market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • ABB Ltd.
  • AECOM
  • Arteche Group
  • Lamifil NV
  • MasTec Inc.
  • MYR Group Inc.
  • Nexans SA
  • Prysmian Spa
  • Quanta Services Inc.
  • Siemens AG

Power Transmission Lines and Towers Market: Segmentation by Geography

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APAC was the largest power transmission lines and towers market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The high use of transmission lines and towers will significantly drive power transmission lines and towers market growth in this region over the forecast period.

49% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for power transmission lines and towers in APAC. Market growth in this region will be faster than the growth of the market in Europe and North America.

Power Transmission Lines and Towers Market: Segmentation by Type

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High-voltage alternate current is one of the most demanded transmission technologies globally. The major advantages of HVAC transmission systems are a reduction in the cost of conductor and increased efficiency. Moreover, they are designed using steel lattices or trusses to transmit multiples of three conductors, mainly in countries, such as Canada, Germany, and Scandinavia.

Market growth in this segment will be slower than the growth of the market in the HDVC segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the power transmission lines and towers' market size.

Power Transmission Lines and Towers Market: Key Drivers and Trends

The rise in the penetration of data centers and large communication base stations has resulted in an increased demand for power, thereby resulting in a surge in demand for HV transmission lines. For instance, in 2018, the total primary energy consumption in the US was approximately 100 quadrillion Btu. HV transmission lines enable transmission of power at high voltages to fulfill business demands. Utilities consist of companies that provide basic amenities such as water, electricity, and natural gas. Power is recognized as one of the most substantial components of infrastructure, which is critical for the growth and development of any economy. Additionally, factors such as the low cost of labor and the availability of cheap raw materials have attracted major foreign companies to establish their production base in developing countries such as India and China. This has resulted in an increased demand for power, thereby augmenting the demand for HV transmission lines.

The need for flexible power systems and the changing energy landscape will also influence the growth of the market. The demand for power has increased exponentially across the world. Furthermore, the growth in population and the rise in the global economy are expected to drive this trend in the future as well. Currently, 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. This, however, depends on the actions and implementation of protocols regarding the creation of an environmentally sustainable system. Substantial amounts of power will be required to sustain the pace of economic growth, which is the result of an increasing population and rising developmental activities. The growing awareness of the benefits of renewable energy is leading to the construction and expansion of renewable power generation capacity. Such factors will drive market growth at a CAGR of over 5%.

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Power Transmission Lines and Towers Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive power transmission lines and towers market growth during the next five years
  • Precise estimation of the power transmission lines and towers market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the power transmission lines and towers market industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of power transmission lines and towers market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by type
  • HVAC - Market size and forecast 2019-2024
  • HVDC - Market size and forecast 2019-2024
  • Market opportunity by type

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • AECOM
  • Arteche Group
  • Lamifil NV
  • MasTec Inc.
  • MYR Group Inc.
  • Nexans SA
  • Prysmian Spa
  • Quanta Services Inc.
  • Siemens AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The power transmission lines and towers market growth will increase by $8883.30 million during 2019-2024.
The power transmission lines and towers market is expected to grow at a CAGR of 4.79% during 2019-2024.
Technavio has segmented the power transmission lines and towers market by type (HVAC and HVDC) and geographic (APAC, Europe, North America, MEA, and South America).
ABB Ltd., AECOM, Arteche Group, Lamifil NV, MasTec Inc., MYR Group Inc., Nexans SA, Prysmian Spa, Quanta Services Inc., Siemens AG are a few of the key vendors in the power transmission lines and towers market.
APAC will register the highest growth rate of 49.03% among the other regions. Therefore, the power transmission lines and towers market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the power transmission lines and towers market growth are:
  • Rapid growth in demand for high-voltage transmission lines in utility sector
The power transmission lines and towers market vendors should focus on grabbing business opportunities from the hvac segment as it accounted for the largest market share in the base year.
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