Transmission Line Market to USD 138.99 Billion by 2028 Driven by the Increasing Number of Industrial Manufacturing Units, says Fortune Business Insights™

Companies Profiled in the Transmission Line Market Are Nexans (France), ABB (Switzerland), General Electric (U.S.), Prysmian Group (Italy), Sumitomo Electric (Japan), Valard (Canada), Arteche Group (Spain), MYR Group (U.S.), Kiewit (U.S.), Burns & McDonnell (U.S.), AECOM (U.S.), Salasar (India)


Pune, India, Feb. 20, 2022 (GLOBE NEWSWIRE) -- The Global Transmission Line Market size was USD 81.39 billion in 2020. The market is expected to grow from USD 86.88 billion in 2021 to USD 138.99 billion in 2028 at a growth rate of 6.9% in the 2021-2028 period. This information is provided by Fortune Business Insights, in its report, titled, “Transmission Line Market, 2021-2028.”

According to our analysts, the market is expected to gain traction on account of the factor that smart grids are extending across the globe as the capitalization in smart grids networks is progressively rising. Moreover, the government is also emphasizing smart grid expansion in various nations.

Request to Sample PDF Brochure:

Companies Profiled in the Transmission Line Market:

  • Nexans (France)
  • ABB (Switzerland)
  • General Electric (U.S.)
  • Prysmian Group (Italy)
  • Sumitomo Electric (Japan)
  • Valard (Canada)
  • Arteche Group (Spain)
  • MYR Group (U.S.)
  • Kiewit (U.S.)
  • Burns & McDonnell (U.S.)
  • AECOM (U.S.)
  • Salasar (India)

COVID-19 Impacts:

COVID-19 Pandemic Impacts Majorly on Power Projects, set to Hinder Economy

The COVID-19 pandemic has spread across the world, thus hampering the global economy.  The pandemic has influenced numerous business sectors, such as production, hospitality, oil & gas, aviation, and others. Moreover, governments of numerous nations had deployed national lockdowns and imposed stringent guidelines in order to curb the spread. The outbreak of pandemic has also interrupted supply chains as the government made declarations regarding lockdowns and employed travel restrictions.

To get to know more about the short-term and long-term impact of COVID-19 on this market,

Please Visit:


Report CoverageDetails
Forecast Period2021-2028
Forecast Period 2021-2028 CAGR6.9%
2028 Value Projection138.99 billion
Base Year2020
Market Size in 202081.39 billion
Historical Data for2017-2019
No. of Pages210
Segments coveredType, Voltage, Application, Region
Growth DriversIncreasing Energy Demand to Augmentn Market Growth
Expansion of Smart Grids and Micro-grids Network Propel Growth in Market
Rising Retrofit and Refurbishment of Existing Infrastructure Augmented Market Growth
Pitfalls & ChallengesHigher Dependency on Import May Hinder Market Growth


Type, Voltage, Application, and Region are studied for the Market

On the basis of type, the market is classified into underground, overhead, and submarine.

In terms of voltage, the market is categorized into 130kV – 220kV, 221kV – 660kV, and above 600kV.

By application, the market is segregated into industrial and utility. The utility segment held a leading share of the market in 2020 and is anticipated to extend at a substantial CAGR during the forecast.

Geographically, the global market has been branched across five vital regions, comprising North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Report Coverage:

The report offers a rounded study of the transmission line market along with latest trends and impending predictions to institute approximate investment gains. An expansive review of any forthcoming prospects, jeopardies, competitions or driving aspects is also stated in the report. Moreover, an in-depth regional examination is also mentioned. The COVID-19 influences have been added to the report to aid investors and business experts to comprehend the jeopardies in an augmented manner. The key companies functioning in the market are acknowledged, and their tactics to boost the market growth are described in the report.

Ask for Customization:

Drivers and Restraints:

Extension of Smart Grids and Micro-Grids Network to Bolster Market Growth

Smart grids are extending across the globe as the investment in smart grids networks is broadly surging. Governments are also emphasizing on smart grid expansion in numerous nations. The investment in cross-border grid networks is also growing across the globe. Besides smart grid, the micro-grid network is also noted to expand massively across the globe. The rising power consumption surges the demand for network infrastructure for the transmission of electricity throughout the globe. This is expected to bolster the transmission line market growth.

Regional Insights:

Asia Pacific is projected to hold the largest transmission line market share over the forecast period. The demand for electricity is expansively rising in this region, owing to the growing population. Urbanization and industrialization are also registered to be elevating.

Europe is probable to grow at a considerable rate during the forecast period. This region is incessantly extending its electricity generation capacity, owing to rising demand for continual power supply.

North America is anticipated to record considerable growth during the forecast period. The region is presently experiencing high power utilization and major penetration of electronic equipment.

Competitive Landscape:

Various Contract Declarations by Crucial Players to Boost Market Growth

The vital companies present in the market embrace numerous tactics to boost their position in the market as dominating companies. One such important tactic is procuring companies to reinforce the brand value among users. Another effective strategy is announcing diverse contracts achieved publically and preserving the prestige among audience.

Industry Developments:

May 2021: Salasar declared a contract worth INR 238.65 crore from Power Grid to build transmission lines and substations based in Arunachal Pradesh. This agreement involves the construction of a transmission line network of 132KV type and the substations of extra high voltage capacity.

Quick Buy -Transmission Line Market Report:

Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Emerging Trends – For Major Countries
    • Latest Technological Advancement
    • Regulatory Landscape
    • Porter’s Five Forces Analysis
  • Qualitative Analysis – Impact of COVID-19
    • Impact of COVID-19 on the Transmission Line Market
    • Steps Taken by the Government to Overcome the Impact
    • Key Developments in the Industry in Response to COVID-19
    • Potential Opportunities and Challenges due to COVID-19 Outbreak
  • Global Transmission Line Market Analysis (USD Billion), Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Type
      • Underground
      • Overhead
      • Submarine
    • Market Analysis, Insights and Forecast – By Voltage
      • 130kV – 220kV
      • 221kV – 660kV
      • Above 660kV
    • Market Analysis, Insights and Forecast – By Application
      • Utility
      • Industrial
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa

TOC Continued.

Speak to Our Analyst:

Have a Look at Related Research Insights:

Digital Power Utility Market Size, Share & COVID-19 Impact Analysis, By Technology (Hardware and Software & Services), By Sector (Power Generation, Transmission & Distribution, and Power Consumption) and Regional Forecasts, 2021-2028

Cryogenic Equipment Market Size, Share & COVID-19 Impact Analysis, By Product (Tank, Valve, Vaporizer, Pump, Actuator, Bayonet Connection, and Others), By Cryogen Type (Nitrogen, Oxygen, Argon, Liquefied Natural Gas, Hydrogen, Helium, and Others), By End User (Oil & Gas, Metallurgy, Power Generation, Chemical & Petrochemical, Marine, and Others), and Regional Forecast, 2021-2028

Distribution Automation Market Size, Share & COVID-19 Impact Analysis, By Utility (Private Utility and Public Utility), By Component (Field Devices, Software, and Services), and Regional Forecast, 2021-2028

Power Monitoring System Market Growth, Size, Share, and COVID-19 Impact Analysis, By Component (Hardware, Software, Services), By Application (Utilities & Renewables, Manufacturing & Process Industry, Datacenters, Public Infrastructure, and Others), and Regional Forecast, 2021-2028

Smart Infrastructure Market Size, Share & COVID-19 Impact Analysis, By Type (Smart Grid, Smart Water Network, Intelligent Buildings, Intelligent Transportation Network, and Others), and by End-user (Utility, Transport, Communications, and The Built Environment) and Regional Forecast, 2021-2028

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.


US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245