U.S. power transmission lines & towers market size is anticipated to exceed over USD 1 billion by 2024. - PowerPoint PPT Presentation

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U.S. power transmission lines & towers market size is anticipated to exceed over USD 1 billion by 2024.

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U.S. power transmission lines & towers market size is anticipated to exceed over USD 1 billion by 2024. Federal government initiatives towards enhancement of security features to the grid architecture will stimulate the industry growth. – PowerPoint PPT presentation

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Title: U.S. power transmission lines & towers market size is anticipated to exceed over USD 1 billion by 2024.


1
Power Transmission Lines Towers Market Outlook
2
Global Market Scenario of String Inverter
Industry
  • Power Transmission Lines Towers Market size is
    set to exceed USD 25 billion by 2024, according
    to a new research report by Global Market
    Insights, Inc.
  • Growing investments towards renovation and
    modernization of electric grid coupled with
    increasing demand for safe and reliable
    electricity supply will stimulate the power
    transmission lines towers market share over the
    forecast timeframe.
  • In 2017, U.S. based PJM Interconnection
    electricity utility announced the spend USD 1.5
    billion to upgrade aging gridline between Midwest
    to Northeast with advance security systems.
  • European countries including UK, Russia, France
    and Germany are also making significant
    investments towards the upgradation of their
    conventional electric grid architecture.

3
Continued...
  • Growing adoption of clean energy including solar,
    wind, and small hydro has significantly increased
    the demand for microgrid networks which in turn
    will positively influence the power transmission
    lines towers market.
  • In 2015, Government of India has announced to
    fund over USD 6 billion for the development of
    separate lines for transmitting green electricity
    to end consumer.
  • Power transmission lines towers market from
    ultra high tension is set to witness growth over
    9 by 2024. Rising investments to transmit
    generated electricity over long distance will
    embellish business growth. In 2016, Government of
    China announced spend over USD 85 billion towards
    the development of new UHT structures over the
    next four years.

4
Global Power Transmission Lines Towers Market,
By Voltage, 2013 - 2024 (USD Million)

5

Browse Full Market Research Report On Power
Transmission Lines Towers Market _at_
http//bit.ly/2pHGdXg Press Release _at_
http//bit.ly/2ppalud Request for a sample
of this research report _at_ http//bit.ly/2oU1ReA
6
360 Analysis
  • By Product
  • Market value for high tension power transmission
    lines towers 2015 was over USD 7 billion.
    Measures towards integration of small state grid
    infrastructures with the national grids will
    augment the business size over the forecast time.
    Extra high tension is anticipated to witness
    substantial growth of over 6 by 2024.
  • Regional Trends
  • The U.S. power transmission lines towers market
    share is expected to witness growth over 4 by
    2024. Numerous initiatives to reduce the line
    losses will propel the industry size.
  • For Europe, UK power transmission lines towers
    market share is anticipated to grow over 5 from
    2016 to 2024. Rising focus towards grid
    integration of renewable energy sources will
    complement the business growth.
  • China power transmission lines towers market is
    set to exceed USD 7 billion by 2024. In 2015,
    Government of China announced USD 315 billion in
    line of its grid enhancement program.


7
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