Wednesday 25 March 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Transmission Tower Market: Kalpataru Power Transmission Ltd. (KPTL), KEC International Ltd. and Nanjing Daji Iron Tower Manufacturing Co. Ltd.
Other Prominent Vendors in the market are: Associated Power Structures, Changshu Fengfan Power Equipment, Karamtara Engineering, Shandong Dingchang Tower, Weifang Changan Steel Tower Stock, and Zhejiang Shengda Steel Tower.
The report said: “Initially, North American and Western European countries were dominating the Transmission Tower market but the trend is now shifting to Southeast Asian, South Asian, Eastern European, and Latin American countries, where the economies are gradually developing. There is a growing demand for power in these countries due to increased urbanization and availability of cheap resources and labor. Therefore, in the near future, these parts of the world are going to dominate the Transmission Tower market.”
According to the report, the market is mainly driven by an increase in industrialization in developing countries such as India and China. This leads to increased demand for electricity in these countries and, hence, the demand for transmission towers.
Further, the report states that declining profit margins of vendors is one of the major challenges. As a result of the presence of numerous local and international vendors in the market, they are offering similar products at competitive prices. This leads to a decline in profit margins.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.