Transmission Tower Market Scope
The transmission tower is also best-known by electricity pylon or electric pylon within the United Kingdom, North American country and other parts of Europe, is a tall structure, usually, a steel lattice tower accustomed support an overhead power line. The aim of a transmission line tower is to support conductors carrying electrical power and one or two ground wires at appropriate distances above the ground level and from one another.
According to AMA, the Global Transmission Tower market is expected to see growth rate of 21.7% Research Analyst at AMA estimates that India and China Manufacturers will contribute to the maximum growth of Global Transmission Tower market throughout the predicted period.
Kalpataru Power Transmission Limited (India), KEC International (India), Nanjing Daji Group (China), Associated Power Structures (India), Aster (India), BS Group (India), Changshu Fengfan Power Equipment (China), EMC Power (India), Ganges Internationale PVT LTD (India), IVRCL (India) and TATA Projects (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Karamtara Engineering (India), Shandong Dingchang Steel Tower (China) and Skipper (India).
Segmentation Overview
The study have segmented the market of Global Transmission Tower market by Type (AC and DC) and Region with country level break-up.
On the basis of geography, the market of Transmission Tower has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Transition to Smart Grid
Market Growth Drivers:
Growing Demand for Electricity, An Increased Rate of Industrialization in Developing Countries, Aging Infrastructure and Increasing Rate of Bulk Power Transmission across Long Distances
Challenges:
High capital investment and associated replacement and maintenance cost
Restraints:
Varying Steel Prices and Import and Export Restrictions
Opportunities:
Emerging Demand from Economies
Market Leaders and their Expansionary Development Strategies
In February 2020, KEC International Ltd, the Engineering, Procurement and Construction (EPC) arm of the RPG Group announced wholly announced subsidiary KEC Tower LLC has acquired transmission Power
In October 2023, Adani Energy Solutions Ltd on announced commissioning of the Karur Transmission Ltd (KTL) project in Tamil Nadu. The project includes the establishment of the 400/230 kV, 1000 MVA Karur Pooling Station and an associated transmission line spanning 8.51 circuit kilometers (CKM) in the state.
Key Target Audience
Transmission Tower Manufacturers, Transmission Tower Raw Material Suppliers, Transmission Tower Distributors, Transmission Tower Importer/Exporter, Regulatory & Government Bodies and Downstream vendors
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.