Global Electrical Equipment Market for Power Distribution Industry Will Grow Steadily at a CAGR of 8.9% During the Period 2016-2020
Electrical equipment in the power industry is dependent on electric current or electromagnetic field involved in generation, transmission, and distribution of electricity. In the recent years, the transformation of the global power distribution sector through reforms and infrastructure upgrades has triggered the demand for electrical equipment. Rise in environmental concerns has led to significant growth of the renewable energy sector across utilities, residential, and commercial segments worldwide.
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