Transmission Towers Market Update, Analysis, Forecast, 2022 – 2028 - PowerPoint PPT Presentation

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Transmission Towers Market Update, Analysis, Forecast, 2022 – 2028

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The Transmission Towers Market research report analysis from recent past with an eye on coming years in this report that also offers projections towards industry targeted at helping in business decisions. Global transmission tower market size will record more than 4% CAGR during the forecast period of 2022-2028. – PowerPoint PPT presentation

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Title: Transmission Towers Market Update, Analysis, Forecast, 2022 – 2028


1
Transmission Towers Market Update, Analysis,
Forecast, 2022 2028
  • The Transmission Towers Market research report
    analysis from recent past with an eye on coming
    years in this report that also offers projections
    towards industry targeted at helping in business
    decisions. Global transmission tower market size
    will record more than 4 CAGR during the forecast
    period of 2022-2028.
  • Global transmission tower market has seen
    commendable progress due to the strong demand for
    a continuous supply of electricity across urban
    and rural areas. Governments are announcing
    supportive initiatives to expand the network of
    transmission distribution (TD) systems.
  • Power outage and poor functioning of grid
    networks have become some of the major causes of
    concern for developed and developing nations.
    With the rising establishment of industries and
    use of connected technologies, the pressure to
    keep up with the strong electricity demand has
    overwhelmed the power supply networks.

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  • These companies are launching new and improved
    versions of their products to expand their range
    of offerings. For instance, in August 2021, TATA
    Power announced plans to develop a 3-circuit
    high-tension transmission tower at a metro
    construction site in Mumbai, India. The tower
    will carry 220 kV of power lines and provide a
    continuous electricity supply during the
    construction work.
  • Electricity consumption has reached an all-time
    high in recent years due to the growing
    industrialization and urbanization. With the
    work-from-home trend picking up pace, especially
    since the COVID-19 pandemic period, the need for
    an uninterrupted supply of electricity has
    skyrocketed.
  • The rising adoption of wireless systems and
    advanced technologies like AI, machine learning,
    and IoT has significantly increased the
    installation of these facilities. According to
    reports, data centers consume nearly 200 terawatt
    hours (TWh) every year, which is more than the
    total energy consumption of some nations. This
    will further improve the demand for
    high-performing transmission lines.

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  • Regional Analysis
  • According to the National Bureau of Economic
    Research (NBER), U.S. citizens spent around USD 6
    billion more on residential energy consumption
    between April and July 2020 as compared to
    pre-COVID times. Over the next few years, the
    deployment of transmission towers to support
    incessant power demand will continue to see an
    uptick.
  • In December 2020, Mexico witnessed the failure of
    two major transmission lines, which disconnected
    8.7 GW of generation capacity. The incident left
    one-third of the country without power. Such
    mishaps have prompted organizations and
    governments to work on various ways to enhance
    the load-bearing capacity of transmission towers
    and fulfill peoples electricity needs.
  • Competitive Analysis
  • QUANTA SERVICES, Utkarsh India Limited, Jyoti
    Structures Limited, Valard Construction, NEXANS,
    Burns McDonnell, Power Line Services, Inc, and
    Wilson Construction, among others

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