Global Transmission Line Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

The Global Transmission Line Market size accounted USD XXX in 2020and is estimated to reach XXX by 2030 growing with a CAGR of XXX approximately during the forecast period.Transmission lines are electricity transferring systems used for the transmission of electrical energy from the generating station to the various substations, and from there to the final consumers. These lines are made up of mainly four components which includes resistance, capacitance, inductance, and shunt conductance. These are interconnected lines that enables the movement of electricity across the transmission infrastructure, from the generation site to the source of distribution.
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Market Dynamics and Factors:
Rapid urbanization, commercial development, and increasing investments towards transmission and distribution (T&D) infrastructure are the major factors driving the global transmission line market. For instance, in December 2019, General Electricals secured 1215 MW onshore wind farm project which will power 850,000 homes in China. A paradigm shift towards the integration of smart grid infrastructure across existing T&D networks along with growing customer preference over renewable energy resources will further augment the power transmission lines market growth. Furthermore, ongoing technological developments across electrical grid networks in line with growing infrastructural investments in developed and emerging economies will boost the market in the future. For instance, Arteche developed a smart VAR IC range combining harmonic filter and capacitor bank in ISO/DV standard in order to provide harmonic filtering and reactive power compensation across renewable power generation plants. However, certain factors like slow paced technological evolution and high dependency on imports are hindering the growth of the transmission line market globally.
Market Segmentation:
Global Transmission Line Market – By Product
By Conductor
Conventional
ACSR
ACAR
AAC
AACSR
AAAC
High Temperature
TAI
ZTAI
Others
ACCC
ACCR
ACFR
CRAC
Global Transmission Line Market – By Insulation
PVC
XLPE
Rubber
Global Transmission Line Market – By Voltage
132kv-220kv
221kv-660kv
>660kv
Global Transmission Line Market – By Current
HVAC
HVDC
Global Transmission Line Market – By Application
High Tension
Extra High Tension
Ultra High Tension
Global Transmission Line Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
Asia Pacific region is expected to dominate the global transmission line market in terms of market share during the forecast period followed by North America and Europe. Expansion of ultra-high tension grid infrastructure across the developing nations will complement the product demand in the APAC region. For instance, the Government of India created an investment plan of Rs 2.6 lakh crore in the transmission sector during the FY17- 22, out of which an estimated Rs 1.3 lakh crore had been allocated for intra-state transmission capacity. Apart from this government’s focus on railway electrification and providing last mile connectivity and electrifying villages to accomplish the set target has added to the market volume. Furthermore, growing inclination towards retrofitting & revamping of existing grid networks along with rising investments across sustainable energy industry will drive the business landscape. The U.K power transmission line market, across Europe is predicted to surpass an annual installation of 70 metric tons during the forecast period. Stringent energy efficiency norms in sync with growing renewable energy share including wind and solar farms will fuel the product demand in the region.
Competitive Scenario:
The key players operating in the global transmission line market are –
General Cable, Siemens, ABB, Prysmian, Nexans, Sterling & Wilson, Southwire, Sumitomo Electric, CG Power, KEC, Jyoti Structures.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Transmission Line industry, although key threats, opportunities and disruptive technologies that could shape the Global Transmission Line Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Transmission Line Market most.
The data analysis present in the Global Transmission Line Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Transmission Line Market business.
The 2021 Annual Global Transmission Line Market offers:
100+ charts exploring and analysing the Global Transmission Line Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Transmission Line Market type
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