Business Opportunities in Energy Sector. Business Ideas in Power Sector Projects.
Power Project, Power Generation Plants, Hydroelectric Power, Gas-Fired Power Station, Coal, Thermal, Water, Hydro, Wind, Solar, Agro, Biogas Based Power Plants, Electrical Power Industry, Alternative, Renewable Power Generation, Electricity Generation
Power is one of the most critical components of infrastructure crucial for the economic growth and welfare of nations. The existence and development of adequate infrastructure is essential for sustained growth of the Indian economy.
India’s power sector is one of the most diversified in the world. Sources of power generation range from conventional sources such as coal, lignite, natural gas, oil, hydro and nuclear power to viable non-conventional sources such as wind, solar, and agricultural and domestic waste. Electricity demand in the country has increased rapidly and is expected to rise further in the years to come. In order to meet the increasing demand for electricity in the country, massive addition to the installed generating capacity is required.
A transmission tower is a structure which supports and conveys electric transmission lines. Transmission tower are the supporting structure for overhead lines and carry the transmission conductor above the ground level. The rising demand for electricity, need for replacement of ageing infrastructure and installation of new transmission and distribution infrastructure is expected to drive the growth of transmission tower market. However, varying raw material prices, especially steel, and export and import restrictions may hinder the future potential of this market.
Transmission towers are used in high voltage AC and DC applications to carry safety critical and heavy conductor. Thus, transmission towers need to be able to withstand natural calamities and must be designed accordingly.
Developing nations such as India and China are the key markets driving the growth of this market whereas in developed economies such the North American and European regions presents new growth avenues with respect to the technological developments and replacement demand. However, fluctuating steel prices, and import/export regulations are key restraints for the global transmission towers market.
It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to transmission tower market.