Press release
Power Transmission Components Market to grow at over 6% CAGR by 2024.
The report “Power Transmission Components Market Size By Product (Transformers, Circuit Breakers, Isolators, Insulators, Transmission Towers), Regional Outlook (U.S., Canada, Mexico, UK, France, Germany, Russia, China, India, Japan, South Korea, Australia, Saudi Arabia), global Forecast, 2016 – 2024” Power Transmission Components Market size is set to exceed USD 35 billion by 2024, according to a new research report by Global Market Insights, Inc.Rising investment towards expansion of existing grid infrastructure coupled with growing electricity demand from rural areas will stimulate the power transmission components market share over the forecast period. In 2015, the National Energy Administration of China had released the transmission grid construction and reform plan with the aim to invest USD 280 billion towards the upgradation of UHV, HV and MV transmission lines.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1151
Increasing adoption of renewable energy including solar, wind, biomass and small hydro will increase the demand for small grid networks, which will drive the positively power transmission components market. Countries including the U.S., UK, China, and India are making significant investments towards the development of microgrid structure to supply electricity across remote areas.
Power transmission components market size from transmission towers segment is set to witness strong growth by 2024. Deployment of multi circuit tower structures by various developed countries including the U.S. and UK to carry long distances overhead lines will favor the business growth. Transformer is predicted to surpass USD 2 billion by 2024.
Growing concern towards the upgradation of aging infrastructure will positively impact the business growth.
HVDC is anticipate to reach over USD 7 billion by 2024. Growing investments towards the development of long distance EHV and UHV network on account of safe and reliable electricity will positively drive the power transmission components market share. However, high initial cost may hamper the industry growth.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1151
U.S. power transmission component market share is predicted to grow over 4% over the forecast timeframe. Government measures towards reduction of T&D losses along with energy conservation will further complement the industry outlook.
For Europe, France power transmission components market size for 2015 was valued over USD 700 million. Growing measures to reduce the frequent blackouts owing to grid failures will stimulate the business growth. In 2016, Government of France announced to build 150-mile undersea transmission network with the aim to provide reliable electricity supply.
China power transmission components market size is anticipated to witness a substantial growth of over 8% over the forecast period. Government of China is inherently working with the private players to enhance the capability of existing grid infrastructure to cater the growing electricity demand. India is predicted to exceed USD 4 billion by 2024. Government of India has introduced numerous initiatives to integrate the state and central grid to achieve single tariff structure. Ongoing program including rural electrification will further complement the business landscape.
Brazil power transmission components market size was valued over USD 1 billion in 2015.In 2016, Brazil’s non-state-owned company CPFL Energia signed USD 13 billion strategic alliance with the State Grid Corp. of China.
Key industry player includes Eaton, General Electric Company, Hitachi, ABB, Mitsubishi Electric Corporation, Siemens AG, Schneider Electric, Emerson, Tebian Electric Apparatus Stock, and Toshiba.
Power transmission components market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2013 to 2024, for the following segments:
Global Power Transmission Components, By Product
• Transformers
• Circuit Breakers
• Isolators
• Insulators
• Arrestors
• Transmission lines
• Transmission towers
Global Power Transmission Components, By Current Level
• HVAC
• HVDC
Global Power Transmission Components, By Voltage Level
• 132 kV
• 220 kV
• 440 kV
• 660 kV
• 765 kV & Above
The above information is provided on a regional and country basis for the following:
• North America
• US
• Canada
• Mexico
• Europe
• UK
• France
• Germany
• Russia
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
• Latin America
• Brazil
• Argentina
• Peru
Browse Related Reports:
• String Inverter Market Size, By Product (Standalone, On-grid), By Phase (Single, Three), By Power Rating (10KW, 11KW-40KW, 41KW–80KW, Over 80KW), By Application (Residential, Commercial, Utility), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, Spain, France, Netherland, China, India, Japan, Australia, South Korea, UAE, South Africa, Brazil, Chile), Price Trends, Competitive Market Share & Forecast, 2016 – 2024
https://www.gminsights.com/industry-analysis/string-inverter-market
• Circuit Breakers Market Size, By Technology (Air, Vacuum, Oil, SF6), By Voltage Level (LV, MV, HV), By End-Use (Power Transmission, Power Distribution), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, France, Germany, Russia, China, India, Japan, South Korea, Australia, Saudi Arabia, UAE, South Africa, Brazil, Argentina, Peru), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
https://www.gminsights.com/industry-analysis/circuit-breakers-market
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.
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Power Transmission Components Market to grow at over 6% CAGR by 2024. here
News-ID: 463184 • Views: …
More Releases from Global Market Insights, Inc.

Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…

Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
More Releases for Power
Thermal power Market is Gaining Momentum with Enel, TATA Power, Reliance Power
The Latest Released Thermal power market study has evaluated the future growth potential of Thermal power market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges,…
Japan Power Market Outlook to 2030, Update 2018 – The Kansai Electric Power, C …
Japan Power Market
This report elaborates Japan's power market structure and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. Detailed analysis of the Japanese power market's regulatory structure, import and export trends, competitive landscape, and power projects at various stages of the supply chain is provided. The report also gives a snapshot of the power sector in Japan on broad parameters of macroeconomics, supply security, generation…
Global Power Rental Market Insight Report 2018 - Rental Power Solutions, Power E …
The global "Power Rental" Market research report gives point to point breakdown along with the data of Power Rental market’s analytical study, regional analysis, growth factors and leading companies. The research report about the market provides the data about the aspects which drive the expansion of Power Rental industry. The Power Rental market consists of large key companies who play a vital role in the production, manufacturing, sales and distribution…
Japan: Geothermal Power Market Power Plants, Regulations and Company Profiles 20 …
"Geothermal Power in Japan, Market Outlook to 2030, Update 2018-Capacity, Generation, Power Plants, Regulations and Company Profiles", is the latest report from Publisher, the industry analysis specialists that offer comprehensive information and understanding of the Geothermal market in Japan.
The report provides an in-depth analysis on global renewable power market and global Geothermal market with forecasts up to 2030. The report analyzes the power market scenario in Japan (includes conventional Hydro,…
Fluid Power Systems Market SWOT Analysis by Key Players: Parker, Eaton, Tokyo Ke …
QY Research has lately published a new report on “Global Fluid Power Systems Market: Industrial Chain Market Insights, Growth Trends and Competitive Analysis 2025,” for the forecasted period 8-years, i.e. between 2017 and 2025.
The Fluid Power Systems market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered…
New research on Medical Power Supply Market To 2022 Profiling SL Power Electroni …
This Global Medical Power Supply market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this…