Power Transmission Component Market Eminent participants across the industry include Toshiba, ABB, EATON, Siemens, Crompton Greaves, General Electric, Hitachi, Schneider, Mitsubishi, Hyundai, BHEL, Emerson, Apar, Sterlite, KEC International, SAE, and Aste
Ongoing expansion of utility-based transmission networks coupled with rising investments toward the refurbishment of the existing grid infrastructure will augment the power transmission component market. Accruing AT&C and coalited losses pertaining to the lack of effective grid infrastructure across emerging electricity markets will further complement the business outlook.
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China power transmission component market is set to exceed USD 30 Billion by 2024. Favorable regulatory reforms pertaining to the integration of a sustainable electric network along with ongoing expansion of cross-border interconnections will positively influence the industry growth. Rapid industrial expansion to fortify volume manufacturing by industry players coupled with inclination towards the assimilation of renewable energy infrastructure will further stimulate the product demand.
Stringent energy efficiency protocol along with advancing smart monitoring & control technologies will fuel the power transmission component market growth. Perpetual auxiliary capacity addition with an aim to integrate a sustainable energy mix coupled with enhancing distributed generation technologies will further complement the business outlook. Furthermore, ongoing expansion of high-tension DC electrical networks along with positive outlook towards energy efficiency to curb the accumulating losses will foster the business growth.
≥ 765 kV will grow on account of rapid industrialization coupled with ongoing expansion of high-tension networks to curb overall AT&C losses. Extension of utility aided grid networks along with favorable regulatory inclinations toward cross border transmission interconnection will drive the power transmission component market.
Power transmission component market research report includes in-depth coverage of the industry with estimates & forecast in terms of USD from 2013 to 2024, for the following segments:
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Power Transmission Component Market, By Component
• Circuit Breaker
• Transmission line
• Transmission tower
Browse key industry insights spread across 250 pages with 354 market data tables & 10 figures & charts from the report @ https://www.gminsights.com/industry-analysis/power-transmission-components-market
Power Transmission Component Market, By Voltage Level
• 132 kV
• 220 kV
• 440 kV
• 660 kV
• ≥ 765 kV
Power Transmission Component Market, By Current Level
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