Transmission Line Market By Product, By Type, By Voltage, By End User : Global Opportunity Analysis and Industry Forecast, 2023-2032

List of Tables

The global transmission line market was valued at $41.5 billion in 2022, and is projected to reach $80.9 billion by 2032, growing at a CAGR of 7.2% from 2023 to 2032.

Transmission line is conductive paths used to move power or electrical signals across vast distances with minimal loss. They have characteristics such as capacitance and impedance that are essential to signal integrity. In addition, they are essential for power distribution, renewable energy integration, and telecommunications in modern infrastructure. Transmission lines typically consist of copper or fiber optics.

Rise in adoption of electric vehicles (EVs) and electrified transportation systems is expected to propel the growth of the transmission line market

Increase in the adoption of EVs and electrified transportation systems drives the growth of the transmission line market. According to the International Energy Agency (IEA), sales of electric cars accounted for 4.6% of total car sales globally. Electric vehicles that run on grid energy are growing in demand as the globe moves away from fossil fuels and toward more environmentally friendly transportation options. However, widespread adoption of EVs necessitates significant upgrades to the existing electrical grid infrastructure to support the increased electricity demand for charging these vehicles.

Transmission lines play a significant role in facilitating the distribution of electricity from power generation sources to charging stations located in urban centers, highways, and residential areas. The expansion and reinforcement of transmission networks are required to accommodate the additional load imposed by EV charging infrastructure. Moreover, electrified transportation systems such as electric buses, trains, and trams also rely on transmission lines to supply the necessary electricity for operation. According to IEA, India introduced the National Electric Bus Program in 2022 with an ambitious goal of deploying 50,000 electric buses over the next five years. In addition, India aims to replace 800,000 diesel buses with electric buses within the next seven years. Currently, there are approximately 4,000 e-buses on Indian roads.

The growth of the transmission line market is further fueled by the need to integrate renewable energy sources into the grid to power electric vehicles sustainably. Renewable energy generation sites, such as wind and solar farms, are often located in remote areas with abundant natural resources but limited existing infrastructure for transmitting electricity to urban centers where EV charging demand is concentrated. The development of new transmission lines is essential to connect these renewable energy sources to the grid and ensure a reliable and resilient supply of clean electricity for powering electric vehicles. Thus, rise in the adoption of EVs and electrified transportation systems is expected to boost the growth of the transmission line market during the forecast period.

Regular maintenance of transmission lines hinders market growth. However, while maintenance is crucial for the reliability and safety of transmission infrastructure, it also poses constraints on the growth of the transmission line market. Frequent maintenance activities often require downtime for specific segments of the transmission network, resulting in temporary disruptions to power transmission. These interruptions may inconvenience consumers and lead to economic losses for industries reliant on continuous electricity supply. In addition, the costs associated with routine maintenance, including labor, equipment, and material expenses, impose financial burdens on utility companies and grid operators. These expenses may divert resources away from investment in new transmission infrastructure or technological innovations aimed at enhancing grid efficiency and resilience.

Also, the need for regular maintenance highlights the challenges associated with aging infrastructure. As transmission line age, they become more susceptible to wear and tear, corrosion, and structural degradation, necessitating increased maintenance efforts to uphold performance standards. Furthermore, the frequency and intensity of maintenance activities is influenced by factors such as weather conditions, environmental regulations, and technological advancements, further complicating maintenance planning and execution. Thus, regular maintenance of transmission line limits the growth potential of the transmission line market.

Technological advancements in transmission lines presented an excellent growth opportunity for the transmission line market. Traditional transmission line was composed of overhead conductors supported by towers or poles, but advancements in materials, design, and construction techniques have revolutionized the industry. One key technological advancement is the development of high-voltage direct current (HVDC) transmission systems. HVDC lines offer several advantages over traditional alternating current (AC) lines, including lower transmission losses, increased capacity over long distances, and the ability to interconnect asynchronous AC grids.

Furthermore, the evolution of conductive materials has led to the adoption of high-temperature superconducting (HTS) cables and composite materials, which offer higher efficiency, greater power carrying capacity, and reduced environmental impact compared to conventional conductors. HTS cables allow for compact underground or underwater installation, minimizing visual and environmental disruptions associated with overhead lines.

Advancements in monitoring and control technologies have enhanced the efficiency and reliability of transmission systems. Remote sensing technologies, such as LiDAR and drones, enable utilities to conduct aerial inspections and identify potential issues without the need for costly and time-consuming manual inspections. In addition, the integration of advanced sensors and data analytics facilitates real-time monitoring of line conditions, enabling proactive maintenance and fault detection, thereby reducing downtime, and enhancing grid reliability. Thus, technological advancements presented a lucrative growth opportunity for the expansion of the transmission line market during the forecast period.

The transmission line market is segmented on the basis of product, type, voltage, end user, and region. Based on product, the market is bifurcated into AC transmission line and DC transmission line. On the basis of type, the market is segregated into overhead transmission line, underground transmission line, and submarine transmission line. By voltage, the market is divided into high voltage, extra high voltage, and ultra high voltage. Depending on end user, the market is classified into utility, telecommunication, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global transmission line market are ABB, ARTECHE, General Electric, Hitachi Energy Ltd., MYR Group Inc., NEXANS, Prysmian Group, Salasar Techno Engineering Ltd., Sumitomo Electric Industries, Ltd., and Valard.

Other players include AECOM, Beta Engineering, Burns & McDonnell, Jyoti Structures Ltd., Kiewit Corporation, LS CABLE & SYSTEM, Siemens Energy, and Southwire Company, LLC.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the transmission line market analysis from 2022 to 2032 to identify the prevailing transmission line market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the transmission line market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global transmission line market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
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Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Product Benchmarking / Product specification and applications
Product Life Cycles
Senario Analysis & Growth Trend Comparision
Upcoming/New Entrant by Regions
New Product Development/ Product Matrix of Key Players
Regulatory Guidelines
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
List of customers/consumers/raw material suppliers- value chain analysis
SWOT Analysis

Key Market Segments

By Type

Overhead Transmission Lines
Underground Transmission Lines
Submarine Transmission Line

By End User

Utility
Telecommunication
Others

By Voltage

High Voltage
Extra High Voltage
Ultra High Voltage

By Product

AC Transmission Lines
DC Transmission Lines

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of Latin America

Key Market Players:

ABB
Arteche
GENERAL ELECTRIC
Hitachi Energy Ltd.
MYR Group Inc.
Nexans
Prysmian Group
Salasar Techno Engineering Ltd.
Sumitomo Electric Industries, Ltd.
Valard.

Product Code: A46372

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
3.5. Value Chain Analysis
3.6. Key Regulation Analysis

CHAPTER 4: TRANSMISSION LINE MARKET, BY PRODUCT

4.1. Overview
- 4.1.1. Market size and forecast
4.2. AC Transmission Lines
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. DC Transmission Lines
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: TRANSMISSION LINE MARKET, BY TYPE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Overhead Transmission Lines
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Underground Transmission Lines
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Submarine Transmission Line
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: TRANSMISSION LINE MARKET, BY VOLTAGE

6.1. Overview
- 6.1.1. Market size and forecast
6.2. High Voltage
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Extra High Voltage
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Ultra High Voltage
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country

CHAPTER 7: TRANSMISSION LINE MARKET, BY END USER

7.1. Overview
- 7.1.1. Market size and forecast
7.2. Utility
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
7.3. Telecommunication
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
7.4. Others
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country

CHAPTER 8: TRANSMISSION LINE MARKET, BY REGION

8.1. Overview
- 8.1.1. Market size and forecast By Region
8.2. North America
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by Product
- 8.2.3. Market size and forecast, by Type
- 8.2.4. Market size and forecast, by Voltage
- 8.2.5. Market size and forecast, by End User
- 8.2.6. Market size and forecast, by country
  - 8.2.6.1. U.S.
  - 8.2.6.1.1. Market size and forecast, by Product
  - 8.2.6.1.2. Market size and forecast, by Type
  - 8.2.6.1.3. Market size and forecast, by Voltage
  - 8.2.6.1.4. Market size and forecast, by End User
  - 8.2.6.2. Canada
  - 8.2.6.2.1. Market size and forecast, by Product
  - 8.2.6.2.2. Market size and forecast, by Type
  - 8.2.6.2.3. Market size and forecast, by Voltage
  - 8.2.6.2.4. Market size and forecast, by End User
  - 8.2.6.3. Mexico
  - 8.2.6.3.1. Market size and forecast, by Product
  - 8.2.6.3.2. Market size and forecast, by Type
  - 8.2.6.3.3. Market size and forecast, by Voltage
  - 8.2.6.3.4. Market size and forecast, by End User
8.3. Europe
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by Product
- 8.3.3. Market size and forecast, by Type
- 8.3.4. Market size and forecast, by Voltage
- 8.3.5. Market size and forecast, by End User
- 8.3.6. Market size and forecast, by country
  - 8.3.6.1. Germany
  - 8.3.6.1.1. Market size and forecast, by Product
  - 8.3.6.1.2. Market size and forecast, by Type
  - 8.3.6.1.3. Market size and forecast, by Voltage
  - 8.3.6.1.4. Market size and forecast, by End User
  - 8.3.6.2. UK
  - 8.3.6.2.1. Market size and forecast, by Product
  - 8.3.6.2.2. Market size and forecast, by Type
  - 8.3.6.2.3. Market size and forecast, by Voltage
  - 8.3.6.2.4. Market size and forecast, by End User
  - 8.3.6.3. France
  - 8.3.6.3.1. Market size and forecast, by Product
  - 8.3.6.3.2. Market size and forecast, by Type
  - 8.3.6.3.3. Market size and forecast, by Voltage
  - 8.3.6.3.4. Market size and forecast, by End User
  - 8.3.6.4. Italy
  - 8.3.6.4.1. Market size and forecast, by Product
  - 8.3.6.4.2. Market size and forecast, by Type
  - 8.3.6.4.3. Market size and forecast, by Voltage
  - 8.3.6.4.4. Market size and forecast, by End User
  - 8.3.6.5. Spain
  - 8.3.6.5.1. Market size and forecast, by Product
  - 8.3.6.5.2. Market size and forecast, by Type
  - 8.3.6.5.3. Market size and forecast, by Voltage
  - 8.3.6.5.4. Market size and forecast, by End User
  - 8.3.6.6. Rest of Europe
  - 8.3.6.6.1. Market size and forecast, by Product
  - 8.3.6.6.2. Market size and forecast, by Type
  - 8.3.6.6.3. Market size and forecast, by Voltage
  - 8.3.6.6.4. Market size and forecast, by End User
8.4. Asia-Pacific
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by Product
- 8.4.3. Market size and forecast, by Type
- 8.4.4. Market size and forecast, by Voltage
- 8.4.5. Market size and forecast, by End User
- 8.4.6. Market size and forecast, by country
  - 8.4.6.1. China
  - 8.4.6.1.1. Market size and forecast, by Product
  - 8.4.6.1.2. Market size and forecast, by Type
  - 8.4.6.1.3. Market size and forecast, by Voltage
  - 8.4.6.1.4. Market size and forecast, by End User
  - 8.4.6.2. Japan
  - 8.4.6.2.1. Market size and forecast, by Product
  - 8.4.6.2.2. Market size and forecast, by Type
  - 8.4.6.2.3. Market size and forecast, by Voltage
  - 8.4.6.2.4. Market size and forecast, by End User
  - 8.4.6.3. India
  - 8.4.6.3.1. Market size and forecast, by Product
  - 8.4.6.3.2. Market size and forecast, by Type
  - 8.4.6.3.3. Market size and forecast, by Voltage
  - 8.4.6.3.4. Market size and forecast, by End User
  - 8.4.6.4. South Korea
  - 8.4.6.4.1. Market size and forecast, by Product
  - 8.4.6.4.2. Market size and forecast, by Type
  - 8.4.6.4.3. Market size and forecast, by Voltage
  - 8.4.6.4.4. Market size and forecast, by End User
  - 8.4.6.5. Australia
  - 8.4.6.5.1. Market size and forecast, by Product
  - 8.4.6.5.2. Market size and forecast, by Type
  - 8.4.6.5.3. Market size and forecast, by Voltage
  - 8.4.6.5.4. Market size and forecast, by End User
  - 8.4.6.6. Rest of Asia-Pacific
  - 8.4.6.6.1. Market size and forecast, by Product
  - 8.4.6.6.2. Market size and forecast, by Type
  - 8.4.6.6.3. Market size and forecast, by Voltage
  - 8.4.6.6.4. Market size and forecast, by End User
8.5. LAMEA
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by Product
- 8.5.3. Market size and forecast, by Type
- 8.5.4. Market size and forecast, by Voltage
- 8.5.5. Market size and forecast, by End User
- 8.5.6. Market size and forecast, by country
  - 8.5.6.1. Brazil
  - 8.5.6.1.1. Market size and forecast, by Product
  - 8.5.6.1.2. Market size and forecast, by Type
  - 8.5.6.1.3. Market size and forecast, by Voltage
  - 8.5.6.1.4. Market size and forecast, by End User
  - 8.5.6.2. Saudi Arabia
  - 8.5.6.2.1. Market size and forecast, by Product
  - 8.5.6.2.2. Market size and forecast, by Type
  - 8.5.6.2.3. Market size and forecast, by Voltage
  - 8.5.6.2.4. Market size and forecast, by End User
  - 8.5.6.3. South Africa
  - 8.5.6.3.1. Market size and forecast, by Product
  - 8.5.6.3.2. Market size and forecast, by Type
  - 8.5.6.3.3. Market size and forecast, by Voltage
  - 8.5.6.3.4. Market size and forecast, by End User
  - 8.5.6.4. Rest of Latin America
  - 8.5.6.4.1. Market size and forecast, by Product
  - 8.5.6.4.2. Market size and forecast, by Type
  - 8.5.6.4.3. Market size and forecast, by Voltage
  - 8.5.6.4.4. Market size and forecast, by End User

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Product mapping of top 10 player
9.4. Competitive dashboard
9.5. Competitive heatmap
9.6. Top player positioning, 2022

CHAPTER 10: COMPANY PROFILES

10.1. ABB
- 10.1.1. Company overview
- 10.1.2. Key executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Business performance
- 10.1.7. Key strategic moves and developments
10.2. Arteche
- 10.2.1. Company overview
- 10.2.2. Key executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Business performance
- 10.2.7. Key strategic moves and developments
10.3. GENERAL ELECTRIC
- 10.3.1. Company overview
- 10.3.2. Key executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Business performance
- 10.3.7. Key strategic moves and developments
10.4. Hitachi Energy Ltd.
- 10.4.1. Company overview
- 10.4.2. Key executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Business performance
- 10.4.7. Key strategic moves and developments
10.5. MYR Group Inc.
- 10.5.1. Company overview
- 10.5.2. Key executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.5.6. Business performance
- 10.5.7. Key strategic moves and developments
10.6. Nexans
- 10.6.1. Company overview
- 10.6.2. Key executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.6.6. Business performance
- 10.6.7. Key strategic moves and developments
10.7. Prysmian Group
- 10.7.1. Company overview
- 10.7.2. Key executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.7.6. Business performance
- 10.7.7. Key strategic moves and developments
10.8. Salasar Techno Engineering Ltd.
- 10.8.1. Company overview
- 10.8.2. Key executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.8.6. Business performance
- 10.8.7. Key strategic moves and developments
10.9. Sumitomo Electric Industries, Ltd.
- 10.9.1. Company overview
- 10.9.2. Key executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.9.6. Business performance
- 10.9.7. Key strategic moves and developments
10.10. Valard.
- 10.10.1. Company overview
- 10.10.2. Key executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Business performance
- 10.10.7. Key strategic moves and developments