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Power Transmission Towers and Cables Market Worth US $14 Billion by 2023

Market Research Engine has published a new report titled as “Power Transmission Towers and Cables Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 – 2023”
Deerfield Beach, FL -- (SBWIRE) -- 11/16/2016 -- The power transmission towers and cables market is expected to exceed more than US$ 14 billion by 2023 Growing at a CAGR of more than 7.0% in the given forecast period 2015 and 2023.
Power transmission towers and cables are used to transmit and distribute or broadcast the electricity to all the end user from power production unit. The important supporting element of transmission line is transmission tower. It is a fundamental part of global power transmission infrastructure. These power transmission line tower having variety of design, shape and located at an suitable height from land. These towers are made up of different materials includes steel, concrete, lattice and wood. For transmitting power to a particular location it uses transmission lines which having heavy conductor and various types of cable. The Power Transmission Tower and cables has view increase growth in the current period, as growing requirement for electricity in all over world. It changes the old power transmission tower and cable infrastructure into latest version. 

The major driving factors of transmission towers and cables market are as follows:

-Require for efficient transmission scheme
-Rising demand for electricity across the world

The restraints factors of transmission towers and cables market are as follows:

-Complex development and approval procedures holdup projects
This report provides:

1) An overview of the global market for transmission towers and cables and related technologies.

2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2023.

3) Identifications of new market opportunities and targeted promotional plans for transmission towers and cables 

4) Discussion of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry.