By 2026, Europe Power Transmission Lines & Towers Market to Make Great Impact

Published Date: 2020-03-05

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According to the Graphical Research new growth forecast report titled “Europe Power Transmission Lines & Towers Market By Voltage (132 kV to 220 kV, 221 kV to 660 kV, > 660 kV), By Current (HVAC, HVDC), By Product (Transmission Lines [By Conductor (Conventional {ACSR, ACAR, AAC, AACSR, AAAC}, High Temperature {TAl, ZTAl}, Others {ACCC, ACCR, ACFR, Gap, CRAC}), By Insulation (PVC, XLPE, Rubber)], Transmission Towers), By Application (High Tension, Extra High Tension, Ultra High Tension), Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2020 – 2026”, to Make Great Impact by 2026.

Europe power transmission lines & towers market is anticipated to witness significant growth on account of rising electricity demand from residential and commercial sectors. Introduction of favorable government policies and norms for the development of smart grid networks along with the growing investment toward the revamping and refurbishment of existing T&D infrastructure will further enhance the industry landscape. Moreover, ongoing technological advancement in grid systems coupled with the integration of cutting-edge power solutions across the supply network are some of the key underlaying factors boosting the business growth.

The conventional conductor market will grow on account of its efficient electrical conductivity and lower tensile strength when compared to other available alternatives. Easy installation, low maintenance requirement and superior performance are some of the key features augmenting the product demand across the region. In addition, integration of advanced transmission systems across the electricity supply network will further proliferate the product adoption in the forthcoming years.

Rising investment towards the installation of efficient transmission lines to maintain a steady flow of electricity will augment the Europe power transmission lines & towers market growth. Ongoing investments toward development of T&D networks along with the enactment of stringent regulations pertaining to efficient power transmission will stimulate the industry outlook. For instance, in 2013, EU adopted a new regulation named TEN-E Regulation (EU) No. 347/2013 for the implementation of efficient power infrastructure across the region.

High efficiency coupled and reduced transmission cost of high-tension lines & towers are some of the paramount features driving the product deployment. The paradigm shift towards the adaption of clean energy resources for power generation along with the increasing demand for efficient lines & towers with minimal energy losses will further fuel the product demand.

Germany power transmission lines & towers market is set to witness substantial growth on account of growing regulatory efforts to develop a smart grid infrastructure across the country. For instance, as per the Germany’s Grid Development Plan, the installation of more than 6,670 Km of new AC/DC grid network will be achieved by 2030. Moreover, increasing share of renewables in energy basket coupled with incentives toward the non-conventional energy production will further stimulate the business outlook across the country.

Key industry players operating across the Europe power transmission lines & towers market includes Skipper limited, Sterling and Wilson, Prysmian Group, KEC International Limited, Nexans, Sumitomo Electric Industries Ltd., ABB Limited, CG Power and Industrial Solutions Ltd., Siemens AG, Arteche, General Electric amongst others.