Power Transmission Components Market Worth USD 92.81 Billion By 2023 With Major Players: ABB Group, Emerson Electric, Schneider Electric, TBEA Co, Mitsubishi Electric, Hitachi, Siemens, General Electric and Toshiba

The detailed report of Power Transmission Components Market evaluated by skilled experts is segmented into Application and Product. The Power Transmission Components Market is anticipated to witness considerable development in the following years from 2018-2023.

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Industry Trend Analysis:
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.

Major Key Players:
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.

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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.

By Component: Transformers, Capacitors & Insulators, Switchgears & Circuit Breakers & Others (Power Convertors, & Relays etc.)

By Current: High Voltage Direct Current (HVDC) and High Voltage Alternating Current (HVAC)

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) and Rest of the World: (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates & Others)

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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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology

Chapter 2. Executive Summary
2.1. Key Highlights

Chapter 3. Market Overview
3.1. Introduction
3.2. Market Dynamics

Chapter 4. Power Transmission Components Market, By Components Type
4.1. Introduction
4.2. Power Transmission Components Market Assessment and Forecast, By Components Type, 2014-2023
4.3. Switchgears & Circuit Breakers
4.4. Transformers
4.5. Capacitors & Insulators
4.6. Other Component Types

Chapter 5. Power Transmission Components Market, By Current Type
5.1. Introduction
5.2. The Power Transmission Components Market Assessment and Forecast, By Current Type, 2014-2023
5.3. HVAC (High Voltage Alternating Current)
5.4. HVDC (High Voltage Direct Current)

Chapter 6. Power Transmission Components Market, By Region
6.1. Introduction
6.2. Power Transmission Components Market Assessment and Forecast, By Components Type, 2014-2023($Million)
6.3. Power Transmission Components Market Assessment and Forecast, By Current Type , 2014-2023($Million)
6.4. North America
6.5. Europe
6.6. Asia-Pacific
6.7. Rest of the World

Chapter 7. Company Profiles
7.1. ABB Group
7.2. Eaton Corporation Plc
7.3. Emerson Electric Company
7.4. General Electric Company
7.5. Hitachi, Ltd.
7.6. Mitsubishi Electric Corporation
7.7. Schneider Electric SE
7.8. Siemens AG
7.9. Tebian Electric Apparatus Stock Co., Ltd.

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)

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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