Farmington, April 25, 2023 (GLOBE NEWSWIRE) -- The Global Electricity Transmission Towers Market Was Valued At $1.5 billion In 2022 And Is Expected To Expand $1.8 Billion By 2030 at a CAGR Of 7.11% From 2023 To 2030. Power plants and local terminating substations are connected by means of transmission conductors, which are held aloft by transmission towers. Overhead electricity lines rely heavily on transmission towers, which provide structural support for high-voltage, heavy cables. Towers typically range in height from 15 meters to 55 meters so that enough stress can be applied to the lines to carry the highest power possible (over 110 kilovolts). In order to prevent voltage drop and minimize power loss during long-distance transmission of large loads, high-voltage direct current (HVDC) technology is frequently employed. This DC conductor has a voltage distribution that is constant over its whole cross section. No voltage drop between the sending and receiving ends is optimal for transmission efficiency. Whether it's the distribution of electricity to rural regions, where it's used to power homes and businesses, or the transmission of electricity to factories, electricity is a commodity that may be exchanged in a market. Transmission towers play a crucial role in this procedure, propelling the transmission tower industry. The transmission tower industry is being propelled by the need to replace aging tower infrastructure. Sales volume (in kilounits) and revenue (in millions of US dollars) are presented for the Electricity Transmission Towers market from 2017 to 2030, utilizing 2022 as the base year for the analysis. In-depth analysis of the worldwide Electricity Transmission Towers market is provided in this study. We also provide regional product market sizes broken down by category, use case, and industry player. Our analysis of the market size included the effects of both COVID-19 and the conflict between Russia and Ukraine.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 7.11% from 2023 to 2030. |
| Revenue Forecast by 2030 | $1.8 Billion |
| By Type | AC, DC |
| By Application | Generating Station, Mining Industry, Manufacturing, Others |
| By Companies | Zhejiang Shengda Steel Tower Co. Ltd., Prysmian S.p.A., Nanjing Daji Iron Tower Manufacturing Company Ltd., Weifang Changan Steel Tower Stock Company Ltd., Associated Power Structures Pvt. Ltd., Karamtara Engineering Pvt. Ltd., Sumitomo Electric Industries Ltd., and Nexans S.A. |
| Regions and Countries Covered |
|
| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Key Segments Covered:
Top Market Players:
- Zhejiang Shengda Steel Tower Co. Ltd.
- Prysmian S.p.A.
- Nanjing Daji Iron Tower Manufacturing Company Ltd.
- Weifang Changan Steel Tower Stock Company Ltd.
- Associated Power Structures Pvt. Ltd.
- Karamtara Engineering Pvt. Ltd.
- Sumitomo Electric Industries Ltd.
- Nexans S.A.
By Type:
- AC
- DC
By Design:
- Lattice
- Tubular Steel
- Concrete
- Wood
By Application:
- Generating Station
- Mining Industry
- Manufacturing
- Others
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
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