Press release
Power Transmission Components Market 2019 Growth Strategies, Opportunity, Challenges, Rising Trends and Revenue Analysis
Power Transmission Component Market is predicted to reach over USD 100 billion by 2024. Growing spending toward the replacement and renovation of existing electrical grid infrastructure along with expansion of utility transmission network will drive the industry outlook. Accruing coalited and AT&C losses related to lack of grid infrastructure across developing nations will further propel the industry growth.
Technological advancement in smart monitoring and control technologies coupled with strict energy efficiency protocol will stimulate power transmission component market Increasing demand for distributed generation technologies along with continuing capacity addition to integrate renewable energy mix will further stimulate business outlook. Moreover, increasing focus toward adoption of energy efficient technologies to curb losses along with expansion of high tension DC network will stimulate the industry growth.
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China power transmission component market predicted to witness substantial growth on account of. Growing investment towards expansion of cross border interconnection. Further government measures to promote the development of integration of sustainable electric network will stimulate the business outlook.Favourable government measures towards the cross-border electricity transmission interconnection along with ongoing development of utility grid networks will stimulate the power transmission component market share of ≥ 765 kV. Establishment of high tension networks to reduce overall AT&C losses coupled with rapid industrialization will complement the business growth.
Growing investment toward retrofitting of existing electrical infrastructure across the nation will propel the U.S. power transmission component market Introduction of peninsula electrification program along with growing investment toward infrastructure sector will further complement the business outlook. In 2017, regulators announced to fund over USD 100 million to strengthen the electricity infrastructure across the U.S.
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Increasing demand for continuous and reliable power supply coupled with rapid expansion of microgrid will augment the South Africa power transmission component market. Growing infrastructural investments from public and private entities including International Finance Corporation and African Development Bank across the region will stimulate the industry growth. In 2017, ABB proposed to invest more than USD 10 billion to realize the energy demand across the region.
Growing deployment of smart grid network along with favourable policy interventions will stimulate Europe's power transmission component market share. In 2017, Germany, Italy, Sweden, France and UK announced to invest more than USD 100 billion to promote the adoption of smart grid network. Growing focus to maintain energy conservation along with government measures to ensure energy security will further expand the industry growth.
Partial Table of Contents (ToC) of the report:
Chapter 4. Power Transmission Component Market, By Component
4.1. Power transmission component market share by component, 2016 & 2024
4.2. Transformer
4.2.1. Market estimates and forecast, 2013 – 2024
4.3. Circuit Breaker
4.3.1. Market estimates and forecast, 2013 – 2024
4.4. Isolator
4.4.1. Market estimates and forecast, 2013 – 2024
4.5. Insulator
4.5.1. Market estimates and forecast, 2013 – 2024
4.6. Arrestor
4.6.1. Market estimates and forecast, 2013 – 2024
4.7. Transmission Line
4.7.1. Market estimates and forecast, 2013 – 2024
4.8. Transmission Tower
4.8.1. Market estimates and forecast, 2013 – 2024
Chapter 5. Power Transmission Component Market, By Voltage level
5.1. Power transmission component market share by voltage level, 2016 & 2024
5.2. 132 kV
5.2.1. Market estimates and forecast, 2013 – 2024
5.3. 220 kV
5.3.1. Market estimates and forecast, 2013 – 2024
5.4. 440 kV
5.4.1. Market estimates and forecast, 2013 – 2024
5.5. 660 kV
5.5.1. Market estimates and forecast, 2013 – 2024
5.6. ≥ 765 kV
5.6.1. Market estimates and forecast, 2013 – 2024
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/power-transmission-components-market
Major players across the power transmission component marketinclude Eaton, Siemens, General Electric, Hitachi, Crompton Greaves, BHEL, Emerson, Aster, Sterlite, ABB, Toshiba, ZTT, KEC International, Hyundai, Schneider, L&T, Tebian Electric Apparatus Stock, Apar, Mitsubishi and SAE.
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: mailto:sales@gminsights.com
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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