According to the
report, the global power
transmission towers and cables market stood at US$7.62 bn in 2014
and is likely to reach US$13.90 bn by 2023, expanding at a CAGR of
7.15% between 2015 and 2023.
The global power
transmission towers and cables market was dominated by Asia Pacific
in 2014. Demand for power transmission towers and cables is
anticipated to be high in the region due to expansion and
construction of power transmission infrastructure. Power transmission
towers and cables are vital components of power transmission
infrastructure. Countries such as China and India are expanding their
power transmission infrastructure to provide electricity throughout
the residential, commercial, and industrial sectors.
Factors such
increasing demand for electricity and increasing share of renewable
energy sources in total power generation mix are anticipated to boost
the power transmission towers and cables market in Asia Pacific in
the near future. However, higher capital costs and installation costs
have hampered the growth of the power transmission towers and cables
market in the region.
North America was
the second-largest market globally in terms of sales revenue of power
transmission towers and cables in 2014. Power transmission cables
segment accounted for the major share of the market in North America
in 2014. The U.S. was the leading player in terms of sales revenue of
power transmission towers and cables in North America. Growing need
for replacement of ageing power transmission infrastructure and
increasing share of renewable energy sources in total power
generation mix have boosted the demand for power transmission towers
and cables in North America.
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Middle East and
Africa power transmission towers and cables market is one of the
fastest growing market due to increasing activities in power
transmission infrastructure. Saudi Arabia is expected to be the
leading player in the power transmission towers and cables market in
Middle East and Africa in the near future. Europe accounted for more
than 12% of the global power transmission towers and cables market in
2014. Europe power transmission towers and cables market is expected
to grow during the forecast period due to increasing number of
expansion and refurbishment activities in existing power transmission
infrastructure. Latin and Central Americas accounted for the least
share of the global power transmission towers and cables market in
2014.
Key participants in
the global power transmission towers and cables market include
Kalpataru Power Transmission Ltd., Zhejiang Shengda Steel Tower Co.
Ltd., Nanjing Daji Iron Tower Manufacturing Co. Ltd., ShanDong
DingChang Tower Co. Ltd., KEC International Ltd., Prysmian S.p.A.,
Nexans S.A., General Cable Technologies Corporation, Sumitomo
Electric Industries Ltd., and Southwire Company LLC. The report
provides an overview, financial revenues (on availability), business
strategies, and recent developments of these companies. The global
power transmission towers and cables market has been segmented as
follows:
Global Power
Transmission Towers and Cables Market: By Type
- Power Transmission Towers
- Power Transmission Cables
Global Power
Transmission Towers and Cables Market: By Region
North America
- The U.S.
- Canada
- Mexico
Europe
- CIS countries
- Germany
- The U.K
- Rest of Europe
Asia Pacific
- China
- India
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Latin and Central
Americas
- Brazil
- Argentina
- Rest of Latin and Central Americas
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