Power Transmission Lines and Towers Market Overview
“The Global Power Transmission Lines and Towers Market is expected to grow rapidly at a 7.2% CAGR consequently, it will grow from its existing size of from $28 billion in 2023 to $52.85 billion by 2030.”
What Is a Transmission Tower?
Transmission towers support overhead power lines. Transmission towers can also be called power transmission towers or electricity pylons. Transmission towers are used to carry high-voltage lines to transport electricity from generating stations to electrical substations. Electrical substations deliver power to end users via distribution lines. Utility poles are used to carry low-voltage conductors on the distribution line.
Transmission towers must be able to safely support the transmission conductors, which are heavy. All towers must also be able to withstand all types of natural disasters. The transmission tower is a complex engineering task that requires civil, mechanical and electrical engineering principles to be applied.
Transmission towers: 4 different types and their applications
Every high voltage transmission line is supported by a transmission tower. Transmission towers (also called power towers, transmission towers, or electricity poles) are tall structures (usually made of steel lattice) that support high-voltage conductors on overhead power lines. Transmission towers are different from traditional power poles because they carry bulk electricity over long distances from multiple high-voltage lines, as opposed to a single pole that provides local delivery.
Transmission towers are available in different types.
The following list is an overview of the different types of transmission towers, based on their technical background.
Take a closer look at them all one by one.
Suspension Towers
The high voltage suspension towers can only support the weight of a conductor when it is positioned in an upright position. The conductors of suspension towers are held in place either by V or I strings. Transmission towers suspended from the ceiling run in straight lines when there is a maximum of a 5 degree angle deviation.
Transposition Towers
These towers are commonly used in three-phase systems to support and maintain transmission lines. The weight of the line in the middle puts great stress on the structure. The body, cage and peak of a transposition tower are all supported. The conductors and the lines are placed at a distance to prevent contact between the tower cross arms.
Tension/Angle Towers
The towers are designed to support the change in direction of transmission lines at turning points with an angle greater than 5 degrees. Anchors are used to reinforce the tower in order to resist pressure against the angle. A section is the transmission line connecting two angle towers. The length of a section is determined by the location, easements and possible placement options, as well as the final destination.
Special Towers
When environmental conditions require a large amount of support or a change in the angle, custom towers can be built. Transmission towers are affected by a variety of factors, including heavy winds, porous soils, freezing rain and more. These towers can also be used for areas such as long-span rivers crossings, valley crossings, power lines crossings above or below existing lines.
Power transmission lines are electricity-transferring systems used for the transmission of electrical energy from generating substations to various distribution stations. These lines consist of four main components: resistance, capacitance inductance and shunt conductance.
Interconnected lines allow electricity to be moved from the generator site to the distribution point. Transmission towers can also be used for high-voltage AC or DC applications, to carry heavy and safety-critical conductors.
Transmission towers must be able to support the heavy conductors at a height that is both safe and cost-effective. Transmission towers must therefore be designed to withstand normal calamities. These towers are primarily used by distribution companies to generate, distribute, and transmit generated power.
The transmission towers are made of high-tensile steel and designed according to the supply frequency and control rating for the conductor. This allows them to withstand normal temperatures and calamities without any losses. After calculating the SAG, transmission towers that carry high-tension conductors and have ground-level clearance should be designed appropriately.
Demand Outlook
The industry will be positively impacted by the growing demand for electricity and the favorable standards of the government in relation to the development of smart networks. A critical increase in speculations towards cross-border networks in accordance with the growing integration of renewable energy across the globe, will also positively impact business outlook.
Transmission & Distribution industry growth will be boosted by a worldview shift towards the development of current network infrastructure, as well as positive client attitudes regarding the integration of artificial insight systems. The application of IT to the control industry is also expected to create smart networks that will in turn complement the need for efficient transmission systems.
The business outlook is also driven by increasing investment in transmission lines infrastructure. The 221 kV - 660 kV power transmission line & towers segment will see a boost due to the deployment of high voltage electric networks in developing countries, coupled with the rapid urbanization. In December 2019 GE secured a project for a 1215 MW wind farm in China that will provide electricity to 850,000 homes. The industry will also benefit from the refurbishment and upgrading of T&D network across developed nations.
To meet the growing energy demand in the commercial and mechanical divisions, the development of ultra-high and extra-high tension transmission foundations will complement HVDC control line trade development.
Grid Solutions, a division of GE Renewable Energy, along with EDF Renewables & ESB, won an order in 2020 to supply 450 MW of low-carbon energy on Scottish electricity grids by 2023. The key factors driving product penetration are low short-circuiting current, marginal line losses, and greater controllability.
The electricity transmission towers industry may be affected by factors like varying steel prices and availability, as well as import and export restrictions. Over the forecast period, it is expected to slow down the growth of the market globally. The market is also expected to benefit from the increasing demand for transmission towers.
Growing interest in adopting a renewable energy mix and increased demand for efficient lines and towers with low energy losses drive market growth.
The market is expected to grow due to the increasing power consumption, and the favorable government policies that encourage the construction of smart grids. An increase in investment in grid networks across borders. Global integration of renewable energy networks may be beneficial to the market.
Market growth is likely to be boosted by a paradigm shift towards expanding the existing grid infrastructure, and positive consumer attitudes towards integrating artificial intelligence technology. IT applications for the power industry will also likely contribute to the advancement of smart grids. This is expected to increase the demand for transmission systems.
Power transmission lines are systems that transport electricity from a substation, to multiple distribution stations. These lines are primarily composed of inductance components, resistance components, shunt conductance components, and capacitance. These are interconnected cables that allow for proper movement of electricity from the generator site to the distribution point.
Business growth will be driven by the rising trend towards the adoption of renewable energy mixes, coupled with a growing demand for lines and towers that are efficient with minimal energy loss. The industry will also benefit from increasing investments in the refurbishment and retrofitting existing transmission & delivery infrastructure, as well as increased installations of power infrastructure throughout developing nations.
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Power Transmission Lines and Towers Market Dynamics
Growth Drivers
Integration of sustainable electrical networks, and an increase in demand for electricity. The demand for peak loads is also expected to drive the market growth between 2023 and 2033.
Power transmission towers and lines are growing in demand due to the rising electricity demand. Both developed and emerging economies invest in and update urban infrastructure. According to estimates, many smart city projects in emerging economies will increase power consumption and drive the market.
The increase in demand for peak loads is another factor that has led to the growth of the market. The increase in disposable income has changed the living standards of people, allowing them to purchase all the consumer goods they desire or need to be comfortable.
The increased level of luxury in the lives of people increases demand for peak loads. Urbanization is also increasing peak load in developed and emerging countries.
The market for power transmission towers and lines is expected to grow due to the integration of electrical networks.
Several regional governments allowed the key players on the market to upgrade and expand their existing power setups. Government agencies have developed long-term strategies for increasing reliance on renewable grids. They are also accelerating the development of power transmission lines, towers and other market segments.
Limitations
The market may be affected by the slow technological development of developing countries as well as fluctuating steel prices, availability and import and export restrictions.
In emerging regions, the main problem is infrastructural issues that can limit market growth. The key players on the market are therefore focusing more on urbanization and infrastructural developments than technological advancement.
To ensure safety and save money, hydro or power transmission towers need to hold the heavy conductor at an appropriate height above the ground. Transmission towers are built to withstand natural disasters, and they must be properly planned.
Opportunities
Investment in infrastructure and urbanization is required to improve and upgrade electricity transmission lines.
The market is expected to grow as governments, both in developed and emerging economies, invest in and update urban infrastructure. It is estimated that many smart city projects in emerging nations will increase the demand for transmission towers and power lines.
Market Segment Analysis
What is the segmentation outlook for the market?
The traditional sector will have a large share in 2020. It is estimated that it will be around 58.69 %. This is due to its low tensile and electrical conductivity.
PVC was expected to represent 47.28 percent in 2020. PVC is popular for several reasons, such as its high mechanical strength and flame retardant properties.
What application segment has the highest growth potential in the market?
Globally, the ultra-high tension application segment leads. Market penetration is driven by attributes such as negligible short circuit current, minor losses in line, and improved controllability.
The expansion of HVDC powerlines may be accompanied by the expansion of transmission infrastructure at extra- and ultrahigh tensions to meet the increased energy demands in the commercial and industrial sectors.
What product segment is leading the market?
The sector of transmission lines is expected to grow rapidly during the forecast period. Market outlook is driven by increased transmission line infrastructure spending.
According to estimates, the 221 kV - 660 kV segment of the market will gain momentum due to increased urbanization and continued expansion of HV electric networks in emerging nations.
Demand for power transmission towers and lines may rise as a result of the ongoing repair and rebuilding T&D network in industrialized countries.
Competitive Landscape of the Power Transmission Lines and Towers Market
- Gupta Power Infrastructure
- LUMPI BERNDORF
- ZMS Cable
- Hindustan Urban Infrastructure
- Midal Cables
- Alfanar
- CABCON India
- Prysmian Group
- Tropical Cable and Conductors
- Sterlite Power
- Galaxy Transmissions
- Arrow Cables
- Kelani Cables PLC
- CMI Limited
- Tokyo Electric Power Company Holdings
- SAE Towers
- ZTT International
- Sumitomo Electric Industries
- Lamifil
- Bekaert
- Eland Cables
- Tratos
- KEC International
- Skipper Limited
- Jyoti Structures
- CG Power and Industrial Solutions
- MasTec
- Nexans
- CTC Global
- Neccon
- 3M
Recent Developments in Power Transmission Lines and Towers Market
In September 2022, UGL Limited completed the construction of three transmission towers which were a part of the project to connect Neoen's Kaban Green Power Hub to the main electricity grid in Queensland, Australia. The company had been working to construct a 257kV switching station that connects the Hub to Powerlink Queensland's network.
In November 2021, the United States House of Representatives passed the USD 1.2 trillion Investment Infrastructure and Jobs Act, which also includes plans to build new power infrastructure by establishing new, resilient power transmission lines to support the expansion of renewables and clean energy.
In October 2021, Reliance Industries Ltd’s entirely subsidiary Reliance New Energy Solar Ltd agreed to acquire up to a 40% risk in Sterling & Wilson Solar for approximately Rs. 2,845 crores.
In May 2021, Salasar announced a contract worth INR 238.65 crore (USD 32 million) from Power Grid to construct transmission lines and substations in Arunachal Pradesh. The contract includes the construction of a transmission line network of 132KV type and the substations of Extra High Voltage capacity.
In September 2021, India and Nepal have agreed to develop a second transnational transmission line with a capacity of 20,000 MW. The agreement has been signed between both the countries to construct this project which will supply 20,000 MW of electricity.
In December 2020, Siemens Smart Infrastructure launched new the PowerLink CM, a predictive maintenance solution for high-voltage AC and DC transmission lines. To verify reliable electricity supply, optimize grid usage, and protect against blackouts, the technology can system depends largely on transmitting grid disturbances and continuously monitoring line conditions.
In collaboration with EDF Renewables and ESB, GE Renewable Energy's Grid Solutions won a contract in 2020. To offer 450 MW of low-carbon energy across Scottish power grid networks by 2023.
In December 2019, GE acquired a 1215 MW onshore wind farm project in China to power 850,000 residences.
Nexans signed a contract for more than US$ 240 million with Ariadne Interconnection, a transmission system operator, for Greece's electricity grid in May 2020. Under the contract, the company estimated to design, supply, install, and commission a 500 kV HVDC cable system along a 335-kilometer route.
Power Transmission Lines and Towers Market Regional Insights
What is the demand analysis for the Middle East Asia Market?
The market for power transmission towers and lines in the Middle East and Africa will be worth more than US$ 2.5 billion by 2022. The global market may be strengthened by increasing technological advancements in power industry to meet the rising energy demand.
The regional market will likely benefit from the integration of smart grid technology throughout T&D networks and customer attitudes that are favorable to renewable technologies.
Saudi Arabia's market is expected to grow at a CAGR of more than 3 percent, and exceed US$875 million in 2030. Government energy efficiency rules and an increase in renewable electricity. Solar and wind farms are expected to increase the demand for power transmission towers and lines throughout the country.
Segments Covered in the Power Transmission Lines and Towers Market
Power Transmission Lines and Towers Market By Product
- Transmission Lines
- Transmission Towers
Power Transmission Lines and Towers Market By Conductor
- Conventional
- High Temperature
- Others
Power Transmission Lines and Towers Market By Insulation
Power Transmission Lines and Towers Market By Voltage
- 132 kV to 220 kV
- 221 kV to 660 kV
- > 660 kV
Power Transmission Lines and Towers Market By Current
Power Transmission Lines and Towers Market By Application
- High Tension
- Extra High Tension
- Ultra High Tension
Power Transmission Lines and Towers Market By Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa
Frequently Asked Questions:
Which industry is the key consumer of Power Transmission Lines and Towers Market?
The primary consumer for Power Transmission Lines and Towers is the power utility industry.
How much can the Power Transmission Lines and Towers Market grow?
Global Power Transmission Lines and Towers Market is expected to grow rapidly at a 7.2% CAGR consequently, it will grow from its existing size of from $28 billion in 2023 to $52.85 billion by 2030.
Which end-use industry holds lucrative opportunities?
The renewable energy sector holds high revenue potential.
- SUMMARY
1.1. Power Transmission Lines and Towers Market Overview
1.2. Key Insights
1.3. Report Scope
1.4. Research Methodology
1.5. Frequently Asked Questions
1.6. Chapter Outlines
- DECISION-MAKING SUMMARY
- INTRODUCTION
3.1. Overview of Power Transmission Lines and Towers
3.2. Key Historical Events
3.3. Structure
3.4. Biochemical Interaction
3.5. Target Indications
3.6. Advantages of Power Transmission Lines and Towers
3.7 Challenges associated with Power Transmission Lines and Towers
3.8. Future Perspectives.
- MARKET LANDSCAPE
4.1. Methodology
4.2 Power Transmission Lines and Towers: Developer Landscape
4.2.1. Analysis by Year of Establishment
4.2.2. Analysis by Company Size
4.2.3. Analysis by Location of Headquarters (Region-wise)
4.2.4. Analysis by Location of Headquarters (Country-wise)
4.2.5. Analysis by Year of Establishment, Company Size and Location of Headquarters (Region-wise)
4.2.6. Most Active Players
- COMPANY
5.1. Company Overview
5.1.2 Management Team
5.1.3. Product Portfolio
5.1.4. Recent Developments and Future Outlook
- PARTNERSHIPS AND COLLABORATIONS
6.1. Partnership Models
6.2. Power Transmission Lines and Towers: Partnerships and Collaborations
6.2.1. Analysis by Year of Partnership
6.2.2. Analysis by Type of Partnership
6.2.3. Analysis by Year and Type of Partnership
6.2.4. Analysis by Type of Partner
6.2.5. Analysis by Year of Partnership and Type of Partner
6.2.6. Analysis by Type of Partnership and Type of Partner
6.2.7. Analysis by Type of Partner and Parent Company Size
- ACADEMIC GRANTS ANALYSIS
7.1. Methodology and Key Parameters
7.2. Power Transmission Lines and Towers: Academic Grants Analysis
7.2.1. Analysis by Year of Grant Award
7.2.2. Analysis by Amount Awarded
7.2.3. Analysis by Funding Institute Center
7.2.4. Analysis by Support Period
7.2.5. Analysis by Funding Institute Center and Support Period
7.2.6. Analysis by Type of Grant Application
7.2.7. Analysis by Purpose of Grant
- PUBLICATION ANALYSIS
8.1. Analysis Methodology and Key Parameters
8.2. Power Transmission Lines and Towers: Publication Analysis
8.2.1. Analysis by Year of Publication
8.2.2. Analysis by Type of Publication
8.2.3. Analysis by Type of Conjugate
8.2.4. Analysis by Target Indication
8.2.5. Analysis by Copyright Holder
8.2.6. Word Cloud: Emerging Focus Area
8.2.7. Most Active Publishers: Analysis by Number of Publications
- SUCCESS PROTOCOL ANALYSIS
9.1. Methodology and Key Parameters
9.2. Key Assumptions and Scoring Criteria
9.3. Success Protocol Analysis
9.4. Assessment of Approved Power Transmission Lines and Towers
- Appendix 1: Tabulated Data
- Appendix 2: List of Companies
- Gupta Power Infrastructure
- LUMPI BERNDORF
- ZMS Cable
- Hindustan Urban Infrastructure
- Midal Cables
- Alfanar
- CABCON India
- Prysmian Group
- Tropical Cable and Conductors
- Sterlite Power
- Galaxy Transmissions
- Arrow Cables
- Kelani Cables PLC
- CMI Limited
- Tokyo Electric Power Company Holdings
- SAE Towers
- ZTT International
- Sumitomo Electric Industries
- Lamifil
- Bekaert
- Eland Cables
- Tratos
- KEC International
- Skipper Limited
- Jyoti Structures
- CG Power and Industrial Solutions
- MasTec
- Nexans
- CTC Global
- Neccon
- 3M
