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Global Power Transmission Component Market 2019 Top Players are: ABB, Siemens, Schneider, Emerson, General Electric, Eaton, Crompton Greaves, Toshiba, Sterlite and Hitachi

02-07-2019 08:18 AM CET | Energy & Environment

Press release from: Market Research Future

Power Transmission Component Market

Power Transmission Component Market

Power Transmission Components Market revenue will witness a high surge over the coming years, driven by the increasing power supply needs of the exponentially rising global population. The global power transmission component market is projected to grow at a high rate during the forecast period, mainly due to the expansion of smart grid networks and refurbishment of existing grid infrastructure. According to International energy Agency (IEA), US would need to invest USD 2.1 trillion by 2035 to modernize the grid infrastructure, including 579 GW of new generating capacity, and extensive refurbishment of transmission network. Similarly, India established National Smart Grid mission which would lead to huge investments in smart grid infrastructure in India. These initiatives would in turn boost the growth of power transmission component market.

Key Players

The key players of the global power transmission component market are ABB (Switzerland), Siemens (Germany), Schneider (France), Emerson (US), General Electric (US), Eaton (Ireland), Crompton Greaves (India), Toshiba (Japan), Sterlite (India), and Hitachi (Japan), among others

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Transmission component refers to the products that are used in systems with moving parts from a power generating site such as a power plant to an electrical substation. Power transmission components are designed to render long-term savings by providing uninterrupted power supply. The power transmission component market would experience growth subject to the ongoing refurbishment and retrofitting of existing grid infrastructure across the globe.

Segmentation

By Component
• Transformer
• Circuit Breaker
• Isolator
• Insulator
• Arrestor
• Transmission line
• Transmission Tower

By Voltage
• 132 kV
• 220 kV
• 440 kV
• 660 kV
• >764 kV

By Current Level
• HVAC
• HVDC

By Regions
• North America
• Asia-Pacific
• Europe
• Middle East & Africa
• South America

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North America accounts for the largest market share whereas Asia-Pacific is the fastest growing region.
Region wise, North America held the largest market share of the global power transmission component market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment in smart grids and investment in refurbishment of existing grid infrastructure.

List Of Tables

Table 1 Global Power Transmission Component Market, By Region, 2016-2023 (USD Million)
Table 2 North America Power Transmission Component Market, By Country, 2016-2023 (USD Million)
Table 3 Europe Power Transmission Component Market, By Country, 2016-2023 (USD Million)
Table 4 Asia-Pacific Power Transmission Component Market, By Country, 2016-2023 (USD Million)
Table 5 Middle East & Africa Power Transmission Component Market, By Country, 2016-2023 (USD Million)
Table 6 South America Power Transmission Component Market, By Country, 2016-2023 (USD Million)
Table 7 Global Power Transmission Component Market, By Component, 2016-2023 (USD Million)
Table 8 North America Power Transmission Component Market, By Component, 2016-2023 (USD Million)
Table 9 Europe Power Transmission Component Market, By Component, 2016-2023 (USD Million)
Table 10 Asia-Pacific Power Transmission Component Market, By Component, 2016-2023 (USD Million)
Table 11 Middle East & Africa Power Transmission Component Market, By Component, 2016-2023 (USD Million)
Table 12 South America Power Transmission Component Market, By Component, 2016-2023 (USD Million)
Continue…

List Of Figures

Figure 1 Research Process Of MRFR
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Continue…

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

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