DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/f45clp/transmission) has announced the addition of the "Transmission Towers for Electric Power, 2014 Update - Global Market Size, Average Pricing, Equipment Market Share to 2020" report to their offering.
There has been an increasing demand for electricity globally, mostly in emerging economies such as China, India, Eastern Europe and Latin America, due to the increased pace of industrial activity in these regions. Traditionally, the global Transmission and Distribution (T&D) markets were concentrated in the regions of North America and Western Europe. However, in recent years there has been a change in this trend, and the focus of activities in the global T&D market has shifted to the South-East Asian, South Asian, Eastern European and Latin American nations.
This trend has developed for two main reasons: first, the low-cost advantage that companies can derive by shifting some of their operations to these countries; and second, the growing domestic demand in these emerging economies for increased industrial and commercial production. To meet the growing demand for power, countries will require increased investments in electricity infrastructure. Such growth in the installed capacity will require additional infrastructure investments for installing new T&D infrastructure, increasing the demand for transmission towers.
The installation of new T&D infrastructure depends upon the country's economic growth. Many developing countries such as India and China have shown increased economic and population growth rates. To maintain the economic growth rate and to satisfy the electricity need of the rising population, the governments of these countries plan to invest in building energy infrastructure. The growth rate of new installations of T&D infrastructure has been slow in most developed countries.
In these developed countries, new opportunities are expected to come from upcoming technologies, and the maintenance and replacement of old T&D infrastructure. This is particularly the case in North American and European markets, which have traditionally been the major markets for most T&D equipment manufacturing companies. With the rise of new and developing economies that are witnessing higher economic growth rates and lower labor cost, the growth of the T&D markets in developed countries is slow by comparison, having reached a state of relative maturation.
Key Topics Covered:
List of Tables
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Global, Transmission Towers Market
US, Transmission Towers Market
China, Transmission Towers Market
India, Transmission Towers Market
Indonesia, Transmission Towers Market
Brazil, Transmission Towers Market
Australia, Transmission Towers Market
South Africa, Transmission Towers Market
Norway, Transmission Towers Market
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