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Global Transmission Towers Market 2017-2021

Global Transmission Towers Market 2017-2021

About Transmission Towers

A transmission tower is the main supporting structure of overhead transmission lines. It is known by diverse names across the world. In Europe, transmission towers are better known as electricity pylon, while they are called hydro towers in Canada. Three disciplines of engineering are majorly involved in the design of a transmission tower, namely: Civil, Electrical, and Mechanical. It supports electrical wires that are heavy and are needed to be connected at a certain height above the ground. It is necessary that these towers are able to withstand natural calamities, such as storms.

Technavio’s analysts forecast the global transmission towers market to grow at a CAGR of 7.99% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global transmission towers market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Transmission Towers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Kalpataru Power Transmission Limited
  • KEC International
  • Nanjing Daji Group
Other prominent vendors
  • Associated Power Structures
  • Aster
  • BS Group
  • Changshu Fengfan Power Equipment
  • EMC
  • Ganges Internationale
  • IVRCL
  • Jyoti Structures
  • Jyoti Americas
  • Karamtara Engineering
  • Shandong Dingchang Steel Tower
  • Skipper
  • TATA Projects
  • Union Metal
  • Weifang Chang'an Steel Tower Stock
  • Zamil Towers & Galvanizing
  • Zhejiang Shengda Steel Tower
Market driver
  • Need for flexible power systems and changing energy landscape
  • For a full, detailed list, view our report
Market challenge
  • Dependency on electrical equipment imports in emerging countries
  • For a full, detailed list, view our report
Market trend
  • Transition to smart grid
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Transmission Towers Market 2017-2021

Technavio recognizes the following companies as the key players in the global transmission towers market: Kalpataru Power Transmission Limited, KEC International, and Nanjing Daji Group.

Other Prominent Vendors in the market are: Associated Power Structures, Aster, BS Group, Changshu Fengfan Power Equipment, EMC, Ganges Internationale, IVRCL, Jyoti Structures, Jyoti Americas, Karamtara Engineering, Shandong Dingchang Steel Tower, Skipper, TATA Projects, Union Metal, Weifang Chang'an Steel Tower Stock, Zamil Towers & Galvanizing, and Zhejiang Shengda Steel Tower.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is transition to smart grid. Power generation is transitioning to low-carbon or no-carbon fuels. Therefore, utilities and energy companies are making efforts to accommodate these fuels by changing the functioning of grids and implementing new IT technology. The traditional power grid had linear power generation, a partial connection with its customers, and a one-way communication.”

According to the report, one driver in the market is need for flexible power systems and changing energy landscape. The demand for power has increased exponentially across the world. Furthermore, the growth in population and rise in the global economy are expected to drive this trend in the future as well. According to the World Bank, the world population is projected to increase from 7.5 billion in 2016 to 8.8 billion by 2035. At present, energy security is the national agenda for any country. From a power generation point of view, the International Energy Agency (IEA) estimates that the global generation of electricity from fossil fuels is expected to reach 61% by 2020.

Further, the report states that one challenge in the market is dependency on electrical equipment imports in emerging countries. India does not have sufficient capacity for manufacturing electrical equipment in large volumes. Hence, it is forced to import Chinese equipment, which come at a low cost. However, such devices pose a threat to the national security. As electrical distribution systems carry power to essential applications, such as telecommunication, water systems, and critical infrastructure, governments and military services adopting low-cost equipment could lead to the hacking of data and power disruption.

Companies Mentioned

Kalpataru Power Transmission Limited, KEC International, Nanjing Daji Group, Associated Power Structures, Aster, BS Group, Changshu Fengfan Power Equipment, EMC, Ganges Internationale, IVRCL, Jyoti Structures, Jyoti Americas, Karamtara Engineering, Shandong Dingchang Steel Tower, Skipper, TATA Projects, Union Metal, Weifang Chang'an Steel Tower Stock, Zamil Towers & Galvanizing, and Zhejiang Shengda Steel Tower.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Factors affecting construction of transmission towers
  • Market landscape
    • Market overview
      • Table Global transmission towers market: Overview
    • Market size and forecast
      • Table Global transmission towers market 2016-2021 ($ millions)
    • Global power outlook
      • Table Global power outlook
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Market overview
      • Table Global transmission towers market: Segmentation by application 2016 and 2021 (%)
    • Global transmission towers market by AC transmission towers
      • Table Global transmission towers market by AC transmission towers 2016-2021 ($millions)
    • Global transmission towers market by DC transmission towers
      • Table Global transmission towers market by DC transmission towers 2016-2021 ($millions)
  • Geographical segmentation
    • Market overview
      • Table Global transmission towers market: Geographical segmentation
    • Transmission towers market in APAC
      • Table T&D line length addition and refurbishment in APAC 2014-2035 (thousand miles)
      • Table Transmission towers market in APAC 2016-2021 ($ millions)
    • Transmission towers market in EMEA
      • Table T&D line length addition and refurbishment in EMEA 2014-2035 (thousand miles)
      • Table Transmission towers market in EMEA 2015-2020 ($ millions)
    • Transmission towers market in Americas
      • Table T&D line refurbishment and length addition in Americas 2014-2035 (thousand miles)
      • Table Transmission towers market in Americas 2016-2020 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global net electricity generation by fuel 2012, 2020, and 2025 (trillion kilowatt hours)
      • Table Capacity additions of renewable energy in EU 2015
      • Table Country-specific renewable energy targets in Europe
      • Table Benefits of interconnected systems
      • Table PCI projects 2013 and 2015 (%)
    • Market challenges
      • Table Electrical equipment imports to India 2013-2014 (%)
      • Table Benefits of distribution generation
  • Market trends
    • Transition to smart grid
      • Table Traditional power grid
      • Table Smart grid technology application areas
    • Expansion of renewable power generation capacity
    • Reforms within emerging nations making them investment hotspots
      • Table Notable deals in emerging markets (2016)
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
  • Key vendor analysis
    • Kalpataru Power Transmission Limited (KPTL)
    • KEC International
    • Nanjing Daji Group
  • Appendix
    • List of abbreviations
  • Explore Technavio

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