openPR Logo
Press release

Power Transmission Components Market - Global Industry Analysis & Forecast | 2025

07-26-2017 05:24 PM CET | Energy & Environment

Press release from: Transparecny Market Research

Power Transmission Components Market - Global Industry

Consistently Increasing Energy Demand Encourages Adoption of Power Transmission Components

The relentlessly increasing demand for energy has been the primary growth driver for the global power transmission components market, observes Transparency Market Research. The hurdles faced by service providers in power transmission over long distances is yet another factor propelling the adoption of these components in the recent past. Thus, in an effort to cut down the energy losses through effective transmission of energy and reducing the carbon footprint is anticipated to increase the deployment of sophisticated transmission components in the coming years. With these unwavering market drivers, the global power transmission components market is expected to be worth US$102,574.8 mn by 2023 as compared to US$64,155.6 mn in 2015, expanding at CAGR of 6.0% between 2014 and 2023.

This 99 page report gives readers a comprehensive overview of the Power Transmission Components Market. Browse through to unlock the hidden opportunities in this market @
http://www.transparencymarketresearch.com/power-transmission-components-market.html

It is a well-known fact that modern power transmission components are designed to render long-term savings by providing uninterrupted power supply. With this backing, governments across the globe are incentivizing installations of new-age power transmission components to achieve significant energy savings. This move comes as world leaders are devising ways to achieve economic growth through sustainable means. Furthermore, the need to upgrade the old power plant infrastructure also has a positive impact on the market. However, the high cost of initial investment is discouraging power plants from investing in these components.

Government Initiatives to Reduce Carbon Footprint in North America Prove Favorable for Demand

Geographically, the power transmission components market has a presence across regions of Asia Pacific, Europe, North America, the Middle East and Africa, and South and Central America. As of 2014, North America held a leading share of 26.50% and is expected to equate to 25.57% by 2023. Despite the minor drop in percentage, this regional market will excel due to increasing investments in upgrading existing power transmission components. The initiatives by governments to curb the carbon emission and negate the carbon footprint is also expected to boost the power transmission components market in North America. Efforts in regions such as Asia Pacific to upgrade their facilities to smart grid infrastructure will also propel the adoption of new transmission components in the region.

Switchgears and Circuit Breakers Segment Expected to Exhibit Strong Growth

Switchgears and circuit breakers are critical components of power transmission as they are installed to minimize the loss of electricity during transmission. They are important in limiting electric failures and ensuring seamless current flow through the circuit. Owing to these reasons the advanced switchgears and circuit breakers that deliver high voltage will be used extensively in power grids in the near future. During the forecast period of 2014 and 2023, the switchgears and circuit breakers segment will continue to surge at a CAGR of 5.6%.

Transformers also hold a promise of a steady growth rate due to an exponentially increasing demand for energy due to industrialization. The rapidly growing population will also make a significant contribution to energy demand, thereby driving the transformers segment at a 5.5% CAGR between 2014 and 2023.

Get accurate market forecast and analysis on the Power Transmission Components Market. Request a sample to stay abreast on the key trends impacting this market @
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7132

Some of the key companies operating in the global power transmission components market are Emerson Electric Company, ABB Group, Eaton Corporation Plc, Hitachi, Ltd., General Electric Company, Mitsubishi Electric Corporation, Siemens AG, and Schneider Electric SE. The market is witnessing a high degree of competition due to the presence of a large number of players. To keep the edge over others, players are striving for rigorous forward integration and product innovation that will ensure additional energy savings in the near future.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.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 - Global Industry Analysis & Forecast | 2025 here

News-ID: 643481 • Views:

More Releases from Transparecny Market Research

HAZMAT Packaging Market Share, Trends, Growth, Forecast By 2027
HAZMAT Packaging Market Share, Trends, Growth, Forecast By 2027
The global HAZMAT Packaging Market is estimated to flourish at a CAGR of 5.8% from 2024 to 2027. The overall HAZMAT Packaging industry delivers an in-depth systematic framework and competitive outlook of the HAZMAT Packaging Market from a worldwide perspective. The report starts with a summary of the market, chain structure, and the past as well as current market size. Also, the growth opportunities prevalent in the market in the coming
Push Pull Closures Market Will Generate New Growth Opportunities by 2027 with Top Key Players - Closure Systems International, Inc., O. Berk Company, LLC, Silgan Plastic Closures Solutions
Push Pull Closures Market Will Generate New Growth Opportunities by 2027 with To …
The global Push Pull Closures Market is estimated to flourish at a CAGR of 4.8% from 2024 to 2027. The overall Push Pull Closures industry delivers an in-depth systematic framework and competitive outlook of the Push Pull Closures Market from a worldwide perspective. The report starts with a summary of the market, chain structure, and the past as well as current market size. Also, the growth opportunities prevalent in the market
PET Preform Machines Market Estimated to Touch USD 14.1 billion at a CAGR of 6.0% by 2031
PET Preform Machines Market Estimated to Touch USD 14.1 billion at a CAGR of 6.0 …
The global PET Preform Machines Market has been sailing through robust waters, witnessing a valuation of US$ 8.3 Bn 2022. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 6.0% from 2023 to 2031. By the end of 2031, the industry is expected to anchor at an impressive US$ 14.1
Flexible Packaging Paper Market Share, Trends, Growth, Forecast By 2029
Flexible Packaging Paper Market Share, Trends, Growth, Forecast By 2029
The global Flexible Packaging Paper Market has been sailing through robust waters, witnessing a valuation of US$ 47.5 Bn 2021. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 4.1% from 2023 to 2029. By the end of 2029, the industry is expected to anchor at an impressive US$ 65.2

All 5 Releases


More Releases for Power

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,
Temporary Power Generation/Power Rental Market Analysis by Leading Manufacturers …
A new research study from HTF MI with title Global Temporary Power Generation/Power Rental Market Size, Status and Forecast 2025 provides an in-depth assessment of the Temporary Power Generation/Power Rental including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. The research study provides forecasts for Temporary Power Generation/Power Rental investments till 2022. Access Sample Copy @: https://www.htfmarketreport.com/sample-report/1191683-global-temporary-power-generation-power-rental-market-2 If you are involved in
DC Power Connectors ,DC Power Connectors industry, DC Power Connectors market tr …
Global DC Power Connectors Industry New Study on “2018-2025 DC Power Connectors Market Global Key Player, Demand, Growth, Opportunities and Analysis Forecast” added to Wise Guy Reports Database This report studies the global DC Power Connectors market status and forecast, categorizes the global DC Power Connectors market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other
Global Temporary Power Generation/Power Rental Market 2017 - Aggreko, HSS, Power …
Increasing power consumption for industrial and commercial applications has built up a demand-supply gap in the power market. This gap is even more evident during the peak hours for electricity consumption. This has led to the development of power rental systems which are capable of providing temporary power during phases of the low power supply. Scope of the Report: This report focuses on the Temporary Power Generation/Power Rental in Global market, especially