Press release
What's Driving the Power Transmission Components Market Trends? ABB, Toshiba, EATON, Siemens, Crompton Greaves, General Electric, Hitachi, Schneider Electric, Mitsubishi
Power Transmission Components Market
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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.
Key Players of Power Transmission Components Market:
o ABB
o Toshiba
o EATON
o Siemens
o Crompton Greaves
o General Electric
o Hitachi
o Schneider Electric
o Mitsubishi
o Hyundai
o BHEL
o Emerson
o ZTT
o Larson &Toubro
o Tebian Electric Apparatus Stock
o APAR Industries
o Sterlite
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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Growth Drivers:
o North America and Europe
o Stringent energy efficiency reforms
o Expansion of smart grid networks
o Refurbishment & retrofitting of existing grid infrastructure
o Asia Pacific
o Rising peak load demand
o Expansion of micro-grid networks
o Grid stability & security of supply concerns
o Middle East Africa and Latin America
o Increasing electricity demand
o Integration of a sustainable electrical network
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.
Table of content:
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
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