The Global Power Transmission Components Market was worth USD 54.23 billion in 2014 and is expected to reach approximately USD 92.81 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.15% during the forecast period. The persistently expanding interest for energy has been the essential development driver for the worldwide power transmission components market. The obstacles encountered by service providers in power transmission over long separations are yet another factor driving the selection of these parts in the past years. In this manner, with an end goal to curb the loss of energy through powerful energy transmission and diminishing the carbon impression is expected to expand the organization of modern transmission segments in the coming years.
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Power Transmission Components – Competitive Insights:
The leading players in the market are ABB Group, Emerson Electric, Schneider Electric, TBEA Co, Mitsubishi Electric, Hitachi, Siemens, General Electric and Toshiba. The market is observing a high degree of competition owing to the existence of a large number of players. To keep the edge over others, players are focusing on integration and product innovation that will ensure additional energy savings in the near future.
Power Transmission Components – By Region:
North America – U.S, Canada, Mexico
Europe – Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific – Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World – Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Power Transmission Components – Regional Outlook and Trend Analysis:
Geographically, the power transmission components market has a existence crosswise over districts of North America, Europe, South and Central America, the Middle East and Africa, and North America. In 2014, North America held a main share of 26.50 percent and is foreseen to compare to 25.57 percent by 2023. Regardless of the minor drop in rate, this provincial market will exceed expectations because of expanding interests in redesigning existing power transmission components. The activities by governments to reduce the carbon outflow and nullify the carbon impression are likewise anticipated that would help the power transmission components market in North America.
Power Transmission Components – Component Outlook and Trend Analysis:
Based on components the market is segmented into transformers, switchgears & circuit breakers, capacitors & insulators, and others. Switchgears and circuit breakers are significant components of power transmission as they are designed to reduce the loss of energy amid transmission. They are imperative in reducing electric failures and ensuring constant flow of current through the circuit. Due to these factors the enhanced switchgears and circuit breakers that render high voltage will be used majorly in power grids in the near future.
Power Transmission Components – By Component:
Transformers
Capacitors & Insulators
Switchgears & Circuit Breakers
Others (Power Convertors, & Relays etc.)
Power Transmission Components – By Current:
High Voltage Direct Current (HVDC)
High Voltage Alternating Current (HVAC)
Power Transmission Components – Current Outlook and Trend Analysis:
On the basis of current the market is segmented into High Voltage Alternating Current (HVAC) and High Voltage Direct Current (HVDC). Modern power transmission segments are intended to render long haul investment funds by giving continuous power supply. With this support, governments over the globe are boosting establishments of new-age control transmission segments to accomplish critical vitality reserve funds. This move comes as world pioneers are formulating approaches to accomplish financial development through feasible means.
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Power Transmission Components – List of Tables:
Table: Global Power Transmission Components Market, By Components Type, 2014-2023($Million)
Table: Switchgears & Circuit Breakers Market, By Region, 2014-2023($Million)
Table: Transformers Market, By Region, 2014-2023($Million)
Table: Capacitors & Insulators Market, By Region, 2014-2023($Million)
Table: Other Components Types Market, By Region, 2014-2023($Million)
….
Power Transmission Components – List of Figures:
Figure: Global Power Transmission Components Market Share, By Components Type, 2014 & 2023
Figure: Global Power Transmission Components Market, By Current Type, 2014 & 2023 ($Million)
Figure: Global Power Transmission Components Market, By Region, 2014 & 2023 ($Million)
Figure: ABB Group: Net Revenues, 2014-2016 ($Million)
Figure: ABB Group: Net Revenue Share, By Segment, 2016
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FEATURES OF THE REPORT:
1. The analysis of Power Transmission Components market, their Growth, Demand, position, size and share from different regions are mentioned in detailed.
2. The key players in the market and their share in the global market are discussed.
3. The new strategic plan and suggestions that will help old as well as new market players to maintain the competitiveness are also discussed.
4. The latest trends that are being followed in the market are included along with an example.
5. How technological advancement and research, as well as development activities, are impacting the market is explained in detail.
6. The development plans and policies are discussed as well as manufacturing processes and cost structures too are discussed.
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As the report further, it explains developing plans and policies, making processes, cost structures of Power Transmission Components market as well as the leading players. It also concentrates on the aspects like company profile, product images, supply chain relationship, import/export details of Power Transmission Components market, market statistics of Power Transmission Components market, upcoming development plans, market gains, contact details, consumption ratio. Ultimately, the report includes an in-depth analysis of sub-segments, market dynamics, feasibility study, key strategies used by leading players, market share study and growth prospects of the industry. The report also evaluates the growth established by the market during the forecast period and research conclusions are offered.
Continued…
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