The US Transmission Line Market Based on Product Type (AC Transmission Lines, DC Transmission Lines), Based on Medium (Overhead Transmission Lines, Underground Transmission Lines) and by Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

The US Transmission Line Market Overview:

The transmission line market in the US was valued at USD 2,407.7 Мn in 2020 and is projected to register а САGR of 5.8% by 2030.

“US Transmission Line Market” is the title of an upcoming market report compiled by Market. The US. Aside from vital statistics and relevant material, the report will include major developments (both current and future), factors projected to affect market progress, and prospects for potential revenue generation in unoccupied regions/countries.

The associated report will include an in-depth review of sales, market trends, and tactics by major market players, as well as valuable insights and viewpoints into various facets of the sector. This study would also address imminent risks or obstacles posed by established competitors as well as emerging market entrants. This report will include data, facts, and inputs from both primary and secondary data sources, all of which have been checked and authenticated by industry experts.

Additionally, this document will cover imminent threats or challenges from existing contenders, as well as new industry entrants. The transmission line market in the US will be presented on the basis of product type, mediums, as well as regions/countries.

The transmission line of an electrical transmission system is a simple yet crucial component. An electrical transmission network transports a large amount of electricity from a source, such as power stations, to various areas of end-use application, be it residential, commercial, or industrial.

Dynamics:

Increased research & development activities, as well as numerous advances in transmission technology, are leading to the adoption of newer approaches that can minimize power losses. In order to address this problem, the US government is implementing policies that include incentives and discounts for manufacturers. This factor is expected to fuel improved business prospects for key players in this market.

Additionally, rapid urbanization levels, particularly in developing areas of the US, are resulting in an increase in the demand for electricity for various applications such as the development of infrastructure, transportation, manufacturing, etc. There has been an increase in population figures, as well as the subsequent expansion of cities, and skilled workforce in this country. This has resulted in high demand for electricity to ensure work cycles remain uninterrupted.

However, the ongoing Coronavirus crisis has caused unprecedented economic damage across the US, which in turn, is about to result in severe negative impacts for various sectors. Manufacturers across several countries have shut down their plants, adversely affecting the supply of transmission lines in the process. This factor is expected to hinder the generation of additional revenue for this market to a certain extent.

Nonetheless, the increasing adoption of clean energy, including solar, wind, and small-scale hydropower systems, has all resulted in a significant increase in the demand for micro-grids, which in turn is anticipated to positively impact the demand for transmission lines.

Segmentation of the US transmission line market is as follows:

With respect to ‘product type’ market segmentation, in 2020, the AC transmission line sub-segment accounted for the highest number of revenue shares (85.6%) of the transmission line market in the US and is anticipated to register a CAGR of 5.9% over the forecast period.

On the basis of ‘medium’ market segmentation, the overhead transmission line sub-segment achieved the highest attractiveness index of 9.6 and is expected to achieve a CAGR of 6% by 2030.

Regional Segmentation and Analysis:

Markets in the south of the US accounted for the highest percentage of revenue shares (38.4%) generated by this industry in 2020, and are expected to register a CAGR of 5.9% over the forecast period.

The US transmission line market report is segmented on the basis of product type, medium, and region. Product type segments mainly include ac transmission and dc transmission lines. These lines are sub-segmented under ac transmission lines as short, medium, and long transmission lines. The ac transmission line segment currently accounts for the largest revenue share in the US transmission line market.

Long transmission lines have a large revenue share amongst the ac transmission line sub-segment. On the basis of medium, the market is segmented into overhead transmission lines and underground transmission lines. The overhead transmission line is commonly used because they are easy and less costly to construct as compared to underground transmission lines. Hence, this segment accounts for a significant revenue share in the US transmission line market.

Based on region, the US transmission line market is segmented into south, mid-west, north-east, and West regions of the USA. Amongst these, the south region accounts for the largest revenue growth, as this region consists of major states that have high GDP and higher concentration of industries and these are likely to create potential growth in the market.

Segmentation of the US Transmission Line Market:

Based on Product Type

• AC Transmission Lines
• DC Transmission Lines

Based on Medium

• Overhead Transmission Lines
• Underground Transmission Lines

Based on Region

• South
• Midwest
• Northeast
• West

Key Players:

• AECOM
• Quanta Services Inc. (M.J. Electric LLC)
• Prysmian Group
• Kiewit Corporation
• LS Corp.
• Michels Corporation
• MYR Group Inc.
• Burns & McDonnell
• Wilson Construction Company
• Electrical Manufacturing Company Limited (EMC)