Global Power Transmission Components Market to Exhibit 6% CAGR During 2015-2023 Due to Growing Demand for HVAC Current Systems
According to a recent market research report published by Transparency Market Research, the global power transmission components market is estimated to expand at a CAGR of 6% during the period between 2015 and 2023. The report, titled "Power Transmission Components Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023," projects the global power transmission components market to be worth US$102.6 bn by 2023. The overall market stood at a valuation of US$60.5 b in 2014.
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