Power Transmission Lines and Towers Market Trends and Projections to 2028


The market for power transmission lines and towers is expected to register substantial gains in the coming years due to an increasing demand for renewable energy. Increased infrastructure investment around the commercial and industrial sectors would also play a pivotal role in the outlook for the industry. Significant developments in the power transmission industry can also be attributed to growing consumer demand for smart grid infrastructure integrated with renewable technology.

Based on the product, the industrial scenario will be further boosted by spending on R&D, for creating and inventing environmentally friendly conductors with high capacity and affordable costs, and shifting regulators’ attention to improving the overload capacity and energy efficiency of transmission lines.

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According to the latest GMI report, the power transmission line and tower market is expected to grow at a rate of more than 4% by 2028.

Today, due to new developments in materials and technology, transportation services and regulators have a variety of options. One of these new materials are high-temperature low-sag conductors (HTLS), which are among the most recent advances in the power transmission line market.

HTLS conductors are made of specific alloys which can withstand temperatures above 210°C, these conductors can supposedly transfer more electric current than conventional conductors which have an allowable temperature between 80 and 90°C. New materials reduce driver sag and pull, allowing towers to adapt faster and avoid being replaced by taller towers.

In voltage, the > 660 kV segment should record significant gains due to its high resistance to corrosion and its low deflection capacity. These characteristics increase the demand for power transmission lines with higher voltage capabilities. Additionally, the ease with which these cables can be processed and recycled, along with the low short-circuit current and energy losses on transmission lines, would drive the demand for the products. in addition, the business landscape will also be positively influenced by ongoing urbanization in developing countries, as well as increased investment in network infrastructure.

In terms of power, business opportunities will be accelerated by continued technological advances in HVAC electrical distribution infrastructure, as well as the increasing use of renewable energy sources. Additionally, a global inclination towards smart grid networks would also play a role in increasing the landscape of the industry.

Based on the regional hierarchy, by 2028, the North America power transmission line industry is expected to be worth over USD 4 billion, growing at a CAGR of over 6% over the period. analysis. The adoption of the products will be facilitated by the rapid development of high and extra high voltage transmission and distribution networks in order to minimize electricity consumption in the industrial and commercial sectors.

The outlook for the transmission line and tower industry will also be boosted by favorable conditions, such as the continuous network upgrade and modernization efforts across the world. Recently, the Standing Committee of the Chinese Central Political Bureau announced that it is ready to establish new infrastructure projects to accelerate funding in seven priority areas. This includes a slew of UHV projects that will see the construction of over 12 transmission lines, totaling CNY 150 billion (~$23.4 billion) of investment.

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Nexans, Sumitomo Electric Industries, CG Power, Prysmian Group, Alfanar and Industrial Solutions are some of the major players in the sector. In 2020, the COVID-19 outbreak had a minor impact on overall industrial growth. However, with successful vaccination campaigns and gradual reopening efforts, most economies around the world are struggling to offset its effects, fostering an upward trend in the market.

Partial chapter of the table of contents

Chapter 2 Executive Summary

2.1 360 Power Transmission Lines and Towers Industry0 summary, 2018 – 2028

2.1.1 Trade trends

2.1.2 Product trends

2.1.3 Driver trends

2.1.4 Insulation tendencies

2.1.5 Voltage trends

2.1.6 Current trends

2.1.7 Application trends

2.1.8 Regional trends

Chapter 3 Power Transmission Lines and Towers Industry Outlook

3.1 Industry Segmentation

3.2 Industry Ecosystem Analysis

3.2.1 Supplier matrix

3.3 Innovation and technology landscape

3.3.1 CTC Global Inc.

3.3.2 Sterlite feed

3.3.3 LS Cable & System Ltd.

3.3.4 Prysmian Group

3.3.5 Nexans

3.3.6 Lamifil

3.4 Regulatory landscape

3.4.1 North America United States

3.4.2 Europe Regulation (EU) 2019/943 — Guidance on electricity transmission system management Regulation (EU) 2018/1999 — Guidance on electricity transmission system management The Energy Efficiency Directive (2012/27/EU) ROHS 2 Directive (Regulation 2011/65/EU) EC EMC directive Guidance on Environmental Impact Assessment Regulation (EU) 2017/1485 — Guidance on electricity transmission system management Safety standards for electrical installations and equipment in explosives installations (UK)

3.4.3 Asia-Pacific India China

3.4.4 Middle East and Africa WATER South Africa

3.4.5 Latin America Brazil

3.5 Impact of COVID-19 on Industry Outlook

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