U.S. Transmission Lines Market Size - By Voltage (132 kV to 220 kV, 221 kV to 660 kV, > 660 kV), By Conductor (Conventional, High Temperature), Growth Opportunities & Forecast, 2023 - 2032

U.S. Transmission Lines Market Size - By Voltage (132 kV to 220 kV, 221 kV to 660 kV, > 660 kV), By Conductor (Conventional, High Temperature), Growth Opportunities & Forecast, 2023 - 2032

U.S. Transmission Lines Market size will demonstrate 25.9% CAGR from 2023 to 2032, attributed to the increasing energy demand. According to the U.S. Energy Information Administration, In 2022, the United States saw a historic high in electricity consumption, totaling approximately 4.05 trillion kWh, a staggering 14-fold increase compared to the electricity usage recorded in 1950. Also, the overall electricity consumption for end-use purposes in the U.S. in 2022 witnessed a modest 2.6% increase compared to the previous year. Specifically, retail electricity sales to residential customers saw a 3.5% rise in 2022 compared to 2021, while retail electricity sales to the commercial sector also experienced a 3.4% uptick during the same period.

As the nation's population grows, industries expand, and renewable energy sources become more prevalent, there is a pressing need to upgrade and expand the electrical grid infrastructure. This demand for improved transmission and distribution capabilities is likely to spur investments in new transmission lines and related technologies, creating opportunities for market expansion and innovation.

The overall U.S. transmission lines market is categorized based on voltage, conductor, and region.

The >66kV segment could dominate the transmission lines market share in the U.S., primarily due to the need for efficient long-distance power transmission. >66kV transmission lines are essential for transmitting electricity from remote power generation sources, such as wind farms and solar facilities, to urban centers and industrial hubs. Additionally, the growing adoption of renewable energy and the need to strengthen the grid for resilience against extreme weather events contribute to the demand for >66kV transmission lines.

The other conductor segment will contribute decently to the U.S. transmission lines industry size through 2032, driven by a quest for enhanced efficiency and sustainability. New materials like carbon fiber composite conductors offer reduced electrical losses and increased capacity, aligning with the goals of a more reliable and environmentally friendly grid. Furthermore, these alternative conductors can help alleviate congestion on the existing grid and enable the integration of renewable energy sources, making them an attractive choice for grid modernization initiatives.