The Global Transmission Tower market is expected to grow at a CAGR of 7.98 percent during the period of 2013-2018
London, 31 July 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on Global Transmission Tower Market 2014-2018.
The market is currently witnessing the emergence of many positive trends. Since the recession, Asian countries have been experiencing steady growth and a shift of the transmission and distribution market to Southeast Asian, South Asian, Eastern European, and Latin American countries is an exciting trend in the market.
An increase in industrialization in various developing countries such as India, China, Brazil, Russia, and South Africa is one of the major driving forces of the Global Transmission Tower Market. Industrialization has led to the demand for electricity in these countries, and as a result, the governments in these areas countries have begun to expand the electrification process to meet demand.
“As a result of the better economies and large populations in the Asia Pacific region, there is a huge demand for electricity in this area, especially in countries such as China and India. This is spurring growth in the transmission tower market as a way to see to increase electricity demands,” says Faisal Ghaus, Vice President of TechNavio Research.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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