A transmission line is a mechanism for transporting electricity that is frequently employed to move electrical energy from generating substations to distribution networks. Inductance, resistance, capacitance, and shunt conductance are the four elements that make up these lines. These lines can also be thought of as interconnecting lines that allow electricity to pass through the system's infrastructure from the site of generation to the point of distribution.
MARKET DYNAMICS
Asia Pacific, Europe, and other regions have all seen significant increases in energy use. The expansion of the industrial industry, economic expansion, population growth, and an increase in data centres are the primary causes of the sharp increase in power consumption. Due to expanding and developing infrastructure, developing regions in particular have significant electricity demand. The demand for energy generation rises as a result of industrialization, urbanization, and improving living standards.
MARKET SCOPE
The "Global Transmission Line Market Analysis to 2028" is a specialized and in-depth study of the transmission line market with a special focus on the global market trend analysis. The report aims to provide an overview of the transmission line market with detailed market segmentation by type, voltage, application, and geography. The global transmission line market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading transmission line market players and offers key trends and opportunities in the transmission line market.
MARKET SEGMENTATION
The global transmission line market is segmented based on type, voltage and application. Based on type, transmission line market is segmented into overhead, underground and submarine. Based on voltage, transmission line market is segmented into 130KV-220KV, 221KV-660KV and above 660KV. Based on application, transmission line market is segmented into industrial and utility.
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IMPACT OF COVID-19 ON TRANSMISSION LINE MARKET
Most nations in the world have experienced the COVID-19 pandemic's spread. The oil and gas, logistics, hotel, transportation, and aviation industries, among others, have all been touched by this pandemic. Many governments had to put their citizens under lockdown in order to stop the virus from spreading further; however, the restrictions had a devastating effect on economies all around the world. As governments in numerous nations announced lockdowns and issued travel restrictions, the pandemic's outbreak also affected supply lines. This causes delays in numerous projects and a manpower scarcity. Because many industries were shut down during the lockdown, there was a worldwide decrease in the demand for electricity from the industrial sector.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Transmission Line Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Transmission Line Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Transmission Line Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the transmission line market in these regions.
MARKET PLAYERS
The reports cover key developments in the transmission line market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from transmission line market are anticipated to lucrative growth opportunities in the future with the rising demand for transmission line market. Below mentioned is the list of few companies engaged in the transmission line market.
The report also includes the profiles of key transmission line market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Nexans
- ABB
- General Electric
- Prysmian Group
- Sumitomo Electric
- Valard
- Arteche Group
- MYR Group
- Kiewit
- Burns & McDonnell