Power Transmission Tower Market Size (2024 - 2029)

The Power Transmission Tower market is anticipated to experience growth driven by the increasing demand for new infrastructure, particularly due to the integration of renewable power on a global scale. The market size is influenced by factors such as the aging power infrastructure in various countries and the limited access to electricity in regions like Western and Central Africa and parts of South America. Despite advancements in smart grid technologies reducing the immediate need for infrastructure upgrades, the demand for power transmission towers is expected to rise, especially in the Middle-East and African regions, where there is a significant gap between power transmission capacity and demand.

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Market Size of Power Transmission Tower Industry

Power Transmission Tower Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR 6.00 %
Fastest Growing Market Middle East and Africa
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Power Transmission Tower Market Major Players

*Disclaimer: Major Players sorted in no particular order

Power Transmission Tower Market Analysis

The Power Transmission Tower market is expected to grow with a CAGR of more than 6% during the forecast period. The COVID-19 pandemic has drastically affected the power transmission and distribution sector, with the crashed power demand and DISCOMs facing huge revenue losses in FY2020. But the post-COVID-19 era saw a rebound again with increased power demand and new power transmission projects.

  • Over the long term, the power transmission tower market is expected to have an elevation in the near future due to the aging power infrastructure in many countries and less access to electricity in several regions like Western and Central Africa and some South American countries.
  • On the other hand, smart technologies for grid transmission management create less need for infrastructure renovation for a long time, which makes a once-in-industry situation for transmission towers for a long time.
  • Nevertheless, the growing trend of renewable power integration at the global level places a tremendous opportunity for the power transmission tower market due to the increased demand for new power infrastructure when renewable power integration happens at a large scale. For example, India's recent global power grid project, OSOWOG (One Sun, One World, One Grid), which aims to build an interconnected global solar power grid in cooperation with Britain, places an opportunity for the demand for transmission towers.
  • Middle-East and African regions are expected to have a significant market share due to the need for high power transmission capacity, which is far less than the demand.

Power Transmission Tower Industry Segmentation

Power transmission towers are tall steel lattice structures that are erected to support the high-voltage conductors of overhead power lines from the generating station to the source substations and satellite substations. The power transmission tower market is segmented by structure type, number of circuits, and angle of deviation. The structure type is segmented into Waist Type Tower, Guyed-V-Tower, Tubular Steel Pole, Guyed Cross-Rope Suspension Tower, and Crossings. The number of circuits is segmented into Double Circuit, 3-Circuit, and 4-Circuit, and the angle of deviation is segmented into A-type, B-type, C-type, and D-type. The report also covers the market size and forecasts for the Power Transmission Tower market across major countries. For each segment, the market size and forecasts have been done based on revenue (in USD billion).

Structure Type
Waist Type Tower
Guyed-V-Tower
Tubular Steel Pole
Guyed Cross-Rope Suspension Tower
Crossings
Number of Circuits
Double-Circuit
3-Circuit
4-Circuit
Angle of Deviation
A-Type
B-Type
C-Type
D-Type
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
Italy
France
United Kingdom
Russian Federation
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle East and Africa
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Power Transmission Tower Market Size Summary

The power transmission tower market is poised for significant growth, driven by the increasing demand for electricity and the need to upgrade aging infrastructure in various regions. The market is experiencing a resurgence post-COVID-19, with new power transmission projects emerging to meet the rising power demand. The integration of renewable energy sources globally presents a substantial opportunity for the market, as large-scale renewable projects necessitate the development of new power infrastructure. Regions such as the Middle East and Africa are expected to capture a significant share of the market due to their growing power transmission capacity needs, which currently fall short of demand. The trend towards smart grid technologies, while reducing the immediate need for infrastructure renovation, also underscores the long-term necessity for robust transmission towers.

In developing countries, the expansion of power transmission networks is driven by economic growth and population increases, with countries like India leading the way in transmission network development. The preference for double-circuit towers in the power industry is notable due to their technical advantages, such as cost-effectiveness and reliability during high load conditions. Large-scale projects, such as those in the United States and Ghana, highlight the ongoing investment in power transmission infrastructure. These developments are expected to bolster the market for power transmission towers, with key players like Skipper Limited and Tata Power Company Limited actively participating in the sector. The market's fragmented nature suggests a competitive landscape, with various companies contributing to the expansion and modernization of power transmission systems worldwide.

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Power Transmission Tower Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Structure Type

      1. 2.1.1 Waist Type Tower

      2. 2.1.2 Guyed-V-Tower

      3. 2.1.3 Tubular Steel Pole

      4. 2.1.4 Guyed Cross-Rope Suspension Tower

      5. 2.1.5 Crossings

    2. 2.2 Number of Circuits

      1. 2.2.1 Double-Circuit

      2. 2.2.2 3-Circuit

      3. 2.2.3 4-Circuit

    3. 2.3 Angle of Deviation

      1. 2.3.1 A-Type

      2. 2.3.2 B-Type

      3. 2.3.3 C-Type

      4. 2.3.4 D-Type

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Rest of North America

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 Italy

        3. 2.4.2.3 France

        4. 2.4.2.4 United Kingdom

        5. 2.4.2.5 Russian Federation

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 India

        3. 2.4.3.3 Japan

        4. 2.4.3.4 South Korea

        5. 2.4.3.5 Rest of Asia-Pacific

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 United Arab Emirates

        3. 2.4.5.3 South Africa

        4. 2.4.5.4 Rest of Middle East and Africa

Power Transmission Tower Market Size FAQs

The Power Transmission Tower Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Skipper Limited , Ramboll Group A/S, Nanjing Daji Iron Tower Manufacturing Co. Ltd, KEC International Ltd. and Tata Power Company Limited are the major companies operating in the Power Transmission Tower Market.

Power Transmission Tower Report Snapshots

Power Transmission Tower Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)