Global Transmission Towers Market Estimated to Surge at a Notable CAGR of 7.99% during 2017 - 2021

Published on : Oct 23, 2017

Albany, New York, October 23, 2017: Transmission tower is the main supporting structure for overhead lines. There are several different designs of transmission towers are in wide use in the world today. A fresh study, focusing on the global market for transmission towers has been added to the wide repository of Market Research Hub (MRH), which reveals that the increase in demand for electricity driven by the need for replacement of ageing transmission and distribution infrastructure and installation of new transmission and distribution infrastructure is expected to boost the growth of transmission tower market in the coming years. The research study is titled as “Global Transmission Towers Market 2017-2021”, which provides detailed analysis of the development status of the market during the forecast of 2017 to 2021. The report further comprises an inclusive market and vendor landscape as well as a SWOT analysis of the key companies.

Transmission towers are used to transmit signal wires and electrical current from place to place. They are most often used when there is a large amount of electrical current to be distributed, usually between 115,000 and 765,000 volts. It is known by different names in different parts of the world. For instance, in the UK and parts of Europe it is known as an electricity pylon, while in Canada it is called a hydro tower. These towers have to carry the heavy transmission conductor at an adequate height from ground. In addition to that, all towers have to sustain all kinds of natural calamities. On the basis of applications, AC and DC transmission towers are utilized.

Initially, the report states about the whole market outlook and its scope to identify the market size and its growth in future. As per the study evaluations, the global transmission towers market is all set to grow at a CAGR of 7.99% during the period 2017-2021. Transmission and Distribution (T&D) expansion leading to the rise in transmission tower installations will be one of the major features that will have a positive impact on the growth of the market. One driver in the transmission tower 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.

Moreover, the report studies the global transmission tower market across four key regions: Americas, EMEA and APAC. In terms of geography, 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, thus prompting the growth of transmission tower market.

Through the regional analysis, the report analyzes that the market is vastly combative in nature, with many leading players operating across various locations. Describing the competitive landscape, the report profiles some of the key players operating in global transmission tower market. Key vendors include Kalpataru Power Transmission Limited, Nanjing Daji Group and KEC International.

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