|[August 20, 2014]
Research and Markets: Global Transmission Tower Market Report 2014-2018 - ABB, Crompton Greaves, Siemens & Tebian Electric Apparatus Stock Dominate the Industry
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/4979kb/global)
has announced the addition of the "Global
Transmission Tower Market 2014-2018" report to their offering.
The analysts forecast the Global Transmission Tower market will grow at
a CAGR of 7.98 percent over the period 2013-2018.
This report considers the present scenario and forecasts the growth
prospects of the Global Transmission Tower market for the period
2014-2018. To calculate the size of the market, the report considers
revenue generated from the total sales of transmission towers globally.
Initially, North American and Western European countries were dominating
the Transmission Tower market but the trend is now shifting to Southeast
Asian, South Asian, Eastern European, and Latin American countries,
where the economies are gradually developing. There is a growing demand
for power in these countries due to increased urbanization and
availability of cheap resources and labor. Therefore, in the near
future, these parts of the world are going to dominate the Transmission
According to the report, the market is mainly driven by an increase in
industrialization in developing countries such as India and China. This
leads to increased demand for electricity in these countries and, hence,
the demand for transmission towers.
Further, the report states that declining profit margins of vendors is
one of the major challenges. As a result of the presence of numerous
local and international vendors in the market, they are offering similar
products at competitive prices. This leads to a decline in profit
The study was conducted using an objective combination of primary and
secondary information including inputs from key participants in the
industry. The report contains a comprehensive market and vendor
landscape in addition to a SWOT analysis of the key vendors.
Key Market Drivers
Increasing Demand for Towers in APAC Region
T&D Infrastructure Renovation and Expansion
Increased Industrialization in Developing Economies
Key Market Challenges
Declining Profit Margin of Vendors
Need to Meet Government Regulations and Industry Standards
Substantial Investment of Resources
Key Market Trends
Asian Economies Growing Steadily
Shift of T&D market from North America and Western Europe to
South-East Asia, South Asia, Eastern Europe, and Latin American
Expected Boom in Exports
Crompton Greaves Ltd.
Siemens AG (News - Alert)
Tebian Electric Apparatus Stock Co. Ltd.
Other Prominent Vendors
Associated Power Structures Pvt. Ltd.
Changshu Fengfan Power Equipment Co. Ltd.
Kalpataru Power Transmission Ltd.
Karamtara Engineering Pvt. Ltd.
KEC International Ltd.
Nanjing Daji Iron Tower Manufacturing Co. Ltd.
Shandong Dingchang Tower Co. Ltd.
Weifang Changan Steel Tower Stock Co. Ltd.
Zhejiang Shengda Steel Tower Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/4979kb/global
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