The power transmission lines and towers market is estimated to register substantial growth by 2028 owing to prevalent electricity demand in varied industry verticals across the globe. Moreover, surging need for electricity in remote areas is also expected to foster market outlook over the forecast period.

The electrical transmission system in combination with distribution systems, power plants, and sub-stations constitute the electrical grid. This grid fulfills the electricity needs of the society, getting the electrical power to its end-use. As power plants are often built outside densely populated areas, large transmission systems are vital for power transmission, which has been favorable for product penetration in key regions.

Following the COVID-19 outbreak, power transmission gained massive prominence as there was an upsurge in the need for seamless power supply to support diverse operations as well as remote work infrastructures worldwide, which has positively impacted product outlook during the pandemic. Moreover, a robust power transmission system is considered crucial for the future of clean energy, which has also boosted product demand in recent years.

Furthermore, industry players have been investing in novel projects to fortify their industry standing, thereby enhancing overall market dynamics. For instance, in October 2021, Manitoba Hydro, the Canada-based supplier of electric power and natural gas, announced that it had begun work on a new 230-kilovolt hydro transmission line as part of the St. Vital Transmission Complex with the aim to accommodate increased demand and improve system reliability.

The power transmission lines and towers market has been segmented on the basis of conductor, product, insulation, current, voltage, application, and region. In terms of conductor, the market has further been divided into high temperature, conventional, and others. The others conductor segment was valued at over USD 1 billion in 2020 and is calculated to grow at a notable pace through 2028.

Based on insulation, the market has been categorized into XLPE, PVC, and others. The XLPE insulation segment is anticipated to expand at a rate of approximately 4% through the assessment timeframe to reach a sizable valuation by the end of 2028. The power transmission lines and towers industry from the others insulation segment is set to be valued at more than USD 6 billion by 2028.

In the regional landscape, the Europe power transmission lines and towers market is projected to observe strong growth to surpass a valuation of USD 4 billion by 2028, progressing at a considerable CAGR through the study timeline. The Latin America power transmission lines and towers industry share is anticipated to register steady growth rate to be valued at above USD 195 billion by 2028.