The Europe power transmission lines & towers market share is set to grow on account of increasing electricity demand and favorable government regulations toward development of smart grid networks. Ongoing investments toward the refurbishment and revamping of existing T&D infrastructure will further boost the industry growth. In addition, growing integration of renewable energy sources along with the emphasis on developing sustainable grid structure will propel the product adoption in the region.
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Conventional conductor is set to witness substantial growth on account of its efficient electrical conductivity and lower tensile strength. Integration of technologically advanced smart systems across the supply network will further proliferate the product adoption.
Investments toward expansion of extra high tension and ultra-high-tension transmission infrastructure to effectively transmit power over long distance will drive the power transmission lines & towers market in Europe. Higher transmission efficiency and minimal line losses are some of the paramount features favoring the technology adoption over the forecast timeframe.
Increasing investments to effectively transmit electricity from various high capacity renewable facilities will drive the market. For instance, according to European Network of Transmission System Operators for Electricity (ENTSOE), net generation from renewable sources in 2018 was 1,300 TWh, accounting for 35.5% of the total energy generation in Europe.
Growing regulatory inclination toward the integration of various artificial intelligence systems to effectively cater the increasing line losses will augment the business outlook. Ongoing adoption of IOT systems will further augment the industry outlook substantially.
France power transmission line and tower industry is set to witness significant growth on account of adoption of stringent standards and mandates aimed toward enhancing the transmission system efficiency. Increasing investments toward the development of new grid networks to effectively transmit the power from high capacity clean energy systems will propel the industry statistics. For instance, as per the ENTSOE 2018 statistics, France generated total electricity of 548.6 TWh in 2018, of which, 108.8 TWh is generated with renewable sources including solar, wind, hydro amongst others.
Companies operating across the industry include Sterling and Wilson, Skipper limited., KEC International Limited, Prysmian Group, Sumitomo Electric Industries, Ltd., Nexans, CG Power and Industrial Solutions Ltd., ABB Limited, General Electric, Siemens AG, Arteche amongst others.