Overview of Report:
As India falls under the category of developing nations, the demand for electricity to support economic growth is on a continuous rise. There is a need for substantial growth in the transmission sector to support the growing load and to provide connectivity to generation projects. India has emerged as the second-largest transmission market after China. India contributes over 15% of the global transmission tower market. According to CII, Prime Minister Narendra Modi's vision of a 5 trillion-dollar economy will require an estimated investment of Rs 5 lakh crore in the transmission sector over the next few years. India will be consuming 1.8 trillion units by 2025 as India's growth trajectory accelerates, and this requires large investments in the transmission sector, particularly at the state level.
In the recent past, India increased its focus on the transmission sector. Due to this, the transmission sector has witnessed significant growth. The transmission line length (at 220kV and above voltages) in the country stood at 425,770 ckt. km as of May 2020, growing at a CAGR of 6.5% between 2014 and 2020. Of this, 54.1% is owned by the state sector and 38.4% by the central sector. The remaining 7.5% is held by the private sector, which has grown from 4.5% in 2013-14. Transmission towers are an integral part of a transmission network that works as the main supporting unit of overhead transmission lines used to carry high voltage AC and DC systems and keeping them at a safe height above the ground. Growing investments towards building a viable electricity network and supporting regulatory reforms to integrate renewable technologies in the grid will fuel the market.
The Government of India's focus to strengthen the power T&D system opens up ample opportunities for the towers market. The government has anticipated an investment plan of Rs 2.6 lakh crore in the transmission sector during the financial year 2017- 22, of which an estimated Rs 1.3 lakh crore has been allocated for intra-state transmission capacity. The government is focusing on railway electrification, providing last-mile connectivity, and electrifying villages. These can accomplish the set target for the sector. As per the National Infrastructure Pipeline, a CAPEX of Rs. 3040 billion is expected in the transmission segment from 2020 to 2025. The state sector would account for a major share in the total CAPEX followed by Powergrid and the private sector. There is a strong pipeline of transmission projects at over 86,000 CKT-KM of lines and 315 GVA of substation capacity under development.
The anticipated growth for the transmission sector is driven by a greater emphasis on grid reliability and the spread of new load centers arising from urbanization and rural electrification. Further, the renewable sector would generate raw potential and demand for the transmission sector in the coming years. The growth of the transmission tower market is directly proportionate to the growth of transmission lines. Thus, the rising demand for electricity, the need for replacement of aging infrastructure, and the installation of new transmission and distribution infrastructure are expected to drive the growth of the transmission line and tower market. This research report 'Power Transmission Tower Market Opportunity by 2025, in India, Middle East, Africa & SAARC region' provides detailed information about transmission line and tower market trends in India as the report focuses on market dynamics, regulatory landscape, segmentation, and key players performing in the transmission market as well as the export opportunity to the Middle East, Africa, and the SAARC region. The report aims to provide indispensable information and insights for better demand planning and accordingly optimize or expand the manufacturing capacity.
Key Questions Answered
- What is the total demand for transmission towers in India?
- How many CKT-KM of transmission project is expected to fructify in India over the next 5 years?
- What is the competitive landscape in the power transmission tower manufacturing market in India?
- What is the share of exports in the total revenue pie of tower manufacturing company?
- What is the total power transmission tower manufacturing capacity in India?
- What is the total annual and projected demand for galvanized steel by power transmission tower manufacturers in India?
- How many towers are used in a typical power transmission project?
- What is the tower procurement process followed by private and public sector companies developing power transmission projects?
- What is the projected demand for power transmission towers in the Middle East, Africa, and SAARC region countries?
Table of Contents
1. Executive Summary
2. Research Approach & Methodology
3. Power Transmission Sector in India
4. Power Transmission Line Tower Market Landscape in India
- Inter-State and Intra-state Transmission companies
- Key OEMs
- Key Transmission Project Developers
5. Transmission Towers Manufacturing Factories in India
6. Annual Demand for Power Transmission Line Towers in India
- By Tower Type
- Lattice Type
- Delta configuration towers
- Chainette towers
- By HT, EHT, UHT
- By Inter-state and intra-state projects
- By PGCIL and private transmission companies
- By OEM
- By Region
7. Transmission Tower Procurement Process
- By PGCIL
- By Private EPC
8. Annual demand for Galvanized Steel for making Transmission Tower
9. Capex analysis of PGCIL and Private Transmission Companies in India
- By 2025
10. Key Demand Drivers & Restraints
11. M&A in Power Transmission Tower Manufacturing
12. Capacity expansion plan of power transmission tower manufacturers in India
13. Projected Demand for Power Transmission Line Tower in India
14. Power Transmission Tower R&M Opportunity in India
15. Projected Demand for Galvanized Steel for making Transmission Tower
16. Power Transmission Line Tower Market Opportunity in the Middle East
17. Power Transmission Line Tower Market Opportunity in Africa
18. Power Transmission Line Tower Market Opportunity in SAARC Region
19. Proposed and Planned Power Transmission Projects
- Middle East
- SAARC Region
A selection of companies mentioned in this report includes:
- Adani Transmission Ltd
- Essar Steel India Ltd
- GE T&D India Ltd
- Jindal Steel and Power Ltd
- JSW Energy
- JSW Steel Ltd
- Jyoti Structures ltd
- Kalpataru Power Transmission Limited
- KEC International
- Neueon Towers Ltd
- Powergrid Corporation India Ltd
- Rashtriya Ispat Nigam Ltd
- Skipper India Ltd
- Steel Authority of India Ltd
- Sterlite Power
- Tarapur Transformers Ltd
- Tata Power
- Tata Steel
- Torrent Power
- Transformers and Rectifier India Ltd
- UjaasEnergy Ltd
- Unitech Power Transmission Ltd
- Voltmap Transformers Limited