Power transmission lines and towers market size to grow by USD 11,951.5 million between 2022 and 2027; Growth driven by rapid growth in demand for high-voltage transmission lines in the utility sector

NEW YORK, April 25, 2023 /PRNewswire/ — The power transmission lines and towers market size is forecasted to increase by USD 11,951.5 million from 2022 to 2027, at a CAGR of 5.54%, according to the recent market study by Technavio. The growth of the market will be driven by the rapid growth in demand for high-voltage transmission lines in the utility sector, the need for flexible power systems and changing energy landscape, and increasing cross-border interconnections. Charts & data tables about market and segment sizes for a historic period (2017-2021) and forecast period (2023-2027) have been covered in this report. Download the Sample Report

Vendor Analysis

The global power transmission lines and towers market is fragmented. The market is characterized by the presence of large, small, and medium-sized vendors. Large and established players have extensive sales and distribution networks globally, whereas most small players are concentrated in regional markets. Vendors compete based on parameters such as price, quality, technology, brand identity, and distribution networks. Key vendors are opting for traditional strategies such as mergers and acquisitions to maintain a strong foothold in the market. Some of the key vendors covered in the report include:

• CTC Global Inc. – The company offers power transmission lines and towers such as ACCC Conductor.
• Eland Cables Ltd. – The company offers power transmission lines and towers such as Aerial Bundle Cables and Aluminum Conductor Steel Reinforced.
• Jiangsu Zhongtian Technology Co Ltd – The company offers power transmission lines and towers such as ACS wire, OPGW, and OPPC.
• Jyoti Structures Ltd. – The company offers power transmission lines and towers such as OPGW wire.
• Arrow Electronics Inc.
• Cabcon India Ltd.
• Gupta Power Infrastructure Ltd.
• Hindusthan Urban Infrastructure Ltd.
• KEC International Ltd.
• Lamifil NV
• MasTec Inc.
• Neccon Power and Infra Ltd.
• Nexans SA
• NV Bekaert SA
• Prysmian Spa

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Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Market Segmentation:

The market is segmented by product (transmission lines and transmission towers), type (HAVC and HVDC), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

• The market growth in the transmission lines segment will be significant over the forecast period. The growth of the segment is driven by the increasing number of grid expansion projects, grid interconnections projects between countries, and the significant addition of renewable power generation worldwide. The installation of new transmission lines and the integration of renewable energy are other factors driving the growth of the segment.

Market Dynamics:

• Rapid growth in demand for high-voltage transmission lines in the utility sector
• Need for flexible power systems and changing energy landscape
• Increasing cross-border interconnections

The market is driven by the rapid growth in demand for high-voltage transmission lines. Rising investments in data centers and large communication base stations have increased the demand for power. This has resulted in a surge in the demand for high-voltage transmission lines. Also, the growth of the construction of manufacturing units, retail brands, residential townships, and commercial establishments power sector in developing countries such as India and China has led to the growth of the power sector. This has augmented the demand for high-voltage lines, which is driving the growth of the market in focus.

Major Trends:

• Evolution of smart grids
• Expansion of T&D networks driving the demand for transmission towers
• Rising number of microgrid networks

Smart grids enable the efficient delivery of sustainable, secure, and economical electricity supply with the help of transmission lines. The adoption of smart grids is increasing with the growing need for the detection and reaction to local changes in power consumption. In addition, the modernization of the utility sector has increased the number of low-carbon polluting technologies, such as renewables, distribution generation, and energy storage for power generation. This is further increasing the adoption of smart grids, which is driving the growth of the market.

Key Challenges:

The need to meet government regulations and industry standards will challenge the growth of the market. Governments and regulatory authorities worldwide are implementing various policies regarding the generation and T&D of electricity. These regulations affect the use of electricity and its applications. For instance, with the implementation of the Public Utilities Regulatory Policy Act in the US in 1978, the generation of electricity has been shifting from utilities to industrial firms and non-utility generators (NUGs). NUGs prefer equipment that is suitable for small electricity-generating units, whereas utilities prefer equipment for large electricity-generating units. Such regulations make the generation of electricity less centralized and more complex. This will negatively affect the growth of the market in focus.

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What are the key data covered in this power transmission lines and towers market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the power transmission lines and towers market between 2023 and 2027
• Precise estimation of the size of the power transmission lines and towers market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the power transmission lines and towers market industry across APAC, Europe, North America, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of power transmission lines and towers market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global power transmission lines and towers market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on Global power transmission lines and towers market 2017 – 2021 ($ million)

• 4.2 Product Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 ($ million)

• 4.3 Type Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product – Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Transmission lines – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Transmission lines – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Transmission lines – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Transmission lines – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Transmission lines – Year-over-year growth 2022-2027 (%)

• 6.4 Transmission towers – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Transmission towers – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Transmission towers – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Transmission towers – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Transmission towers – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ million)
• Exhibit 43: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 44: Chart on Type – Market share 2022-2027 (%)
• Exhibit 45: Data Table on Type – Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 46: Chart on Comparison by Type
• Exhibit 47: Data Table on Comparison by Type

• 7.3 HVAC – Market size and forecast 2022-2027 
• Exhibit 48: Chart on HVAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on HVAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on HVAC – Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on HVAC – Year-over-year growth 2022-2027 (%)

• 7.4 HVDC – Market size and forecast 2022-2027 
• Exhibit 52: Chart on HVDC – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on HVDC – Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on HVDC – Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on HVDC – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 56: Market opportunity by Type ($ million)
• Exhibit 57: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC – Market size and forecast 2022-2027 
• Exhibit 63: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027 
• Exhibit 67: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 North America – Market size and forecast 2022-2027 
• Exhibit 71: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 75: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.7 South America – Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.8 China – Market size and forecast 2022-2027 
• Exhibit 83: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.9 India – Market size and forecast 2022-2027 
• Exhibit 87: Chart on India – Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on India – Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on India – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on India – Year-over-year growth 2022-2027 (%)

• 9.10 US – Market size and forecast 2022-2027 
• Exhibit 91: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.11 Germany – Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.12 UK – Market size and forecast 2022-2027 
• Exhibit 99: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

11 Vendor Landscape

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 3M Co.
• Exhibit 111: 3M Co. – Overview
• Exhibit 112: 3M Co. – Business segments
• Exhibit 113: 3M Co. – Key news
• Exhibit 114: 3M Co. – Key offerings
• Exhibit 115: 3M Co. – Segment focus

• 12.4 CG Power and Industrial Solutions Ltd. 
• Exhibit 116: CG Power and Industrial Solutions Ltd. – Overview
• Exhibit 117: CG Power and Industrial Solutions Ltd. – Business segments
• Exhibit 118: CG Power and Industrial Solutions Ltd. – Key offerings
• Exhibit 119: CG Power and Industrial Solutions Ltd. – Segment focus

• 12.5 CTC Global Inc.
• Exhibit 120: CTC Global Inc. – Overview
• Exhibit 121: CTC Global Inc. – Product / Service
• Exhibit 122: CTC Global Inc. – Key offerings

• 12.6 Eland Cables Ltd.
• Exhibit 123: Eland Cables Ltd. – Overview
• Exhibit 124: Eland Cables Ltd. – Product / Service
• Exhibit 125: Eland Cables Ltd. – Key offerings

• 12.7 Jiangsu Zhongtian Technology Co Ltd 
• Exhibit 126: Jiangsu Zhongtian Technology Co Ltd – Overview
• Exhibit 127: Jiangsu Zhongtian Technology Co Ltd – Product / Service
• Exhibit 128: Jiangsu Zhongtian Technology Co Ltd – Key offerings

• 12.8 Jyoti Structures Ltd. 
• Exhibit 129: Jyoti Structures Ltd. – Overview
• Exhibit 130: Jyoti Structures Ltd. – Product / Service
• Exhibit 131: Jyoti Structures Ltd. – Key offerings

• 12.9 KEC International Ltd. 
• Exhibit 132: KEC International Ltd. – Overview
• Exhibit 133: KEC International Ltd. – Business segments
• Exhibit 134: KEC International Ltd. – Key offerings
• Exhibit 135: KEC International Ltd. – Segment focus

• 12.10 Lamifil NV
• Exhibit 136: Lamifil NV – Overview
• Exhibit 137: Lamifil NV – Product / Service
• Exhibit 138: Lamifil NV – Key offerings

• 12.11 MasTec Inc.
• Exhibit 139: MasTec Inc. – Overview
• Exhibit 140: MasTec Inc. – Business segments
• Exhibit 141: MasTec Inc. – Key offerings
• Exhibit 142: MasTec Inc. – Segment focus

• 12.12 Neccon Power and Infra Ltd. 
• Exhibit 143: Neccon Power and Infra Ltd. – Overview
• Exhibit 144: Neccon Power and Infra Ltd. – Product / Service
• Exhibit 145: Neccon Power and Infra Ltd. – Key offerings

• 12.13 Nexans SA
• Exhibit 146: Nexans SA – Overview
• Exhibit 147: Nexans SA – Business segments
• Exhibit 148: Nexans SA – Key offerings
• Exhibit 149: Nexans SA – Segment focus

• 12.14 NV Bekaert SA
• Exhibit 150: NV Bekaert SA – Overview
• Exhibit 151: NV Bekaert SA – Business segments
• Exhibit 152: NV Bekaert SA – Key news
• Exhibit 153: NV Bekaert SA – Key offerings
• Exhibit 154: NV Bekaert SA – Segment focus

• 12.15 Skipper Ltd.
• Exhibit 155: Skipper Ltd. – Overview
• Exhibit 156: Skipper Ltd. – Business segments
• Exhibit 157: Skipper Ltd. – Key offerings
• Exhibit 158: Skipper Ltd. – Segment focus

• 12.16 Sumitomo Electric Industries Ltd. 
• Exhibit 159: Sumitomo Electric Industries Ltd. – Overview
• Exhibit 160: Sumitomo Electric Industries Ltd. – Business segments
• Exhibit 161: Sumitomo Electric Industries Ltd. – Key news
• Exhibit 162: Sumitomo Electric Industries Ltd. – Key offerings
• Exhibit 163: Sumitomo Electric Industries Ltd. – Segment focus

• 12.17 Tratos Cavi S.p.A.
• Exhibit 164: Tratos Cavi S.p.A. – Overview
• Exhibit 165: Tratos Cavi S.p.A. – Product / Service
• Exhibit 166: Tratos Cavi S.p.A. – Key offerings

13 Appendix

• 13.2 Inclusions and exclusions checklist 
• Exhibit 167: Inclusions checklist
• Exhibit 168: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 169: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 170: Research methodology
• Exhibit 171: Validation techniques employed for market sizing
• Exhibit 172: Information sources

• 13.5 List of abbreviations 
• Exhibit 173: List of abbreviations

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