Pune, India -- (SBWire) -- 08/30/2018 --Enhancement of bulk transmission capability to promote growth in the Power Transmission Components market
Increasing demand for safe and reliable power along with rising urban population are the factors driving the growth of the power transmission components market. In addition, rising inclination towards the enhancement of bulk transmission capability of grid infrastructure and ongoing electrification in untapped region particularly in underdeveloped and developed regions is further anticipated to boost the power transmission components market. On the other hand, up gradation of aging networks is anticipated to drive the transformers industries along with growing concern about the safety will boost the demand for circuit breakers and isolators' Limited budget allocation of developing and underdeveloped nations restricts the widespread adopted of power transmission infrastructure. This, in turn, is likely to restrain the growth of the power transmission components market during the forecast period. Furthermore, government across the globe are providing incentives for installations of new age power transmission components to achieve significant energy savings this is providing several growth opportunities for the key players in the power transmission components market over the upcoming years.
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North America region to contribute to growth in the global Power Transmission Components market
North America held the leading share in the power transmission components market. The initiatives by the government to control the carbon emission and Presence of components manufacturing companies in this region is anticipated to boost the power transmission components in the North American region. Moreover, growing energy demand across emerging electricity markets including India along with rising investments to integrate a sustainable grid infrastructure will drive the industry growth in the Asia Pacific regions.
Schaeffler acquired drive-by-wire technology
In Aug 2018-A joint venture between Schaeffler Group and Paravan was established .Schaeffler Paravan Technologie GmbH & Co. KG was signed to acquire SPACE DRIVE drive-by-wire technology from Paravan and Mover activities from Schaeffler. As part of the transaction, the joint venture will acquire Paravan's SPACE DRIVE technology.
European Energy Tech Company CESI Acquired Enernex
In July 2018- CESI, an energy technology consulting company headquartered in Europe and EnerNex have announced a partnership through which EnerNex will be operating under the CESI umbrella. The acquisition brings together two stable and profitable companies with complementary portfolios to provide utilities, energy investors, and regulatory bodies around the world with engineering and consulting services related to cutting-edge, technology-driven energy solutions.
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Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global power transmission components market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of power transmission components market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the power transmission components market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the power transmission components market to understand the present and future trends in this market and formulate their strategies accordingly.
Power Transmission Components Market Growth Report 2024 Global Analysis and Forecasts Influenced by Sterlite, Tebian Electric Apparatus Stock, L&T, Emerson, Mitsubishi,
The Infinium Global Research has announced the addition of the “Power Transmission Components Market to 2024 – Global Analysis and Forecasts by Type and Product” to its research database.