Emergency Response System Towers Market To Be Driven By Rapid Growth Of The Global Oil & Gas Industry
According to a new market research report published by Credence Research “Emergency Response System Towers Market (Type – Waist Type, Guyed V Type and Others; Application – Oil & Gas, Marine and Others) by – Growth, Future Prospects and Competitive Analysis, 2019 - 2027”, the overall emergency response system towers market worldwide was valued at US$ 3.70 Bn in 2018 and is set to grow with a CAGR of 5.4% during the forecast period.
Normally, unexpected service disruptions caused by storm, flood or fire toppled transmission towers could mean a long-term outage situation. It will take weeks or even months, depending on the time of year, to rebuild affected line sections with towers of the same types as those often damaged. Fortunately, thanks to the development of emergency response systems (ERS), which can be installed in a matter of hours, usual service can be quickly restored even when work proceeds to finish whatever repairs are essential for the affected sections.
The ERS structures are designed to quickly bypass permanent transmission towers at any voltage in any terrain. Towers can be damaged or destroyed by soil erosion, storms, earthquakes, ice, willing acts and flooding. ERS structures are crafted to return lines to service quickly. ERS structures allow the user to replace or rebuild the permanent structures despite any time constraints by quickly and safely bypassing damaged permanent structures. The motivation of power supply companies to restore service after line structure collapses as quickly as possible goes far beyond monetary considerations alone.
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There are also potential political and social repercussions, such as the risk of unrest, when for extended periods local populations are deprived of power. All these issues affect the power system operator and require them to restore service as soon as possible. ERS application is not limited to calamitous events that damage sections of the line. Sometimes an existing line needs to be re-routed for a short period of time to cater to a construction project or to enable sustained power flow when a line is somehow being upgraded.
Some of the key manufacturers operating in the global power connectors market include SBB, Lindsey, Mannvit Engineering, Roda SpA, GAM Industrial Company among others. Major players are adopting several marketing strategies such as acquisitions & mergers, product launch, product innovation, geographical expansion and partnerships in order to maintain their goodwill in the ever competitive market.