ALBANY, New York, March 1, 2016 /PRNewswire/ --
This research report defines and segments the power transmission towers and cables market, providing analysis and forecasts of the global sales volume and revenue. According to the report, the global power transmission towers and cables market stood at US$7.62 billion in 2014 and is likely to reach US$13.90 billion by 2023, expanding at a CAGR of 7.15% between 2015 and 2023.
The global power transmission towers and cables market has been segmented on the basis of type into power transmission towers and power transmission cables. Power transmission towers and power transmission cables are utilized for transmitting electricity from power generation facilities to power distribution centers and end-users. Power transmission towers and power transmission cables are vital components of power transmission infrastructure. Overall, increasing demand for electricity, growing need for replacement of ageing power transmission infrastructure, and increasing share of renewable energy sources in total power generation mix have boosted the global power transmission towers and cables market. Additionally, increasing adoption of newer technologies in power transmission infrastructure have augmented the demand for power transmission towers and cables. However, higher initial capital and installation costs are anticipated to hamper the global power transmission towers and cables market in the near future. Power transmission cables market was the largest type segment of the global power transmission towers and cables market, accounting for more than 70% of the market share in 2014.
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In terms of geography, the global power transmission towers and cables market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin and Central Americas. Asia Pacific accounted for more than 35% of the global power transmission towers and cables market share in 2014. North America accounted for around 20% of the market share in 2014. The power transmission towers and cables market in Asia Pacific is anticipated to grow at the fastest rate, followed by Middle East and Africa during the forecast period.
Some of the leading companies in the global power transmission towers and cables market include Kalpataru Power Transmission Ltd., Zhejiang Shengda Steel Tower Co. Ltd., Nanjing Daji Iron Tower Manufacturing Co. Ltd., ShanDong DingChang Tower Co. Ltd., KEC International Ltd., Prysmian S.p.A., Nexans S.A., General Cable Technologies Corporation, Sumitomo Electric Industries Ltd., and Southwire Company LLC. The report provides an overview of these companies, followed by their financial revenues (on availability), business strategies, and recent developments.
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The global power transmission towers and cables market has been segmented as follows:
Global Power Transmission Towers and Cables Market: By Type
- Power Transmission Towers
- Power Transmission Cables
Global Power Transmission Towers and Cables Market: By Region
- The U.S.
- CIS countries
- The U.K
- Rest of Europe
- Rest of Asia Pacific
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Latin and Central Americas
- Rest of Latin and Central Americas
Browse In Detail Regional Analysis: http://www.europlat.org/power-transmission-towers-and-cables.htm
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