Power Transmission Components Market - Rising Demand for Renewable Energy Fuel the Market Growth

Transmission infrastructure in emerging markets is developing rapidly with increasing investments in order to fulfil rising demand for power in the wake of growing economy. Power transmission components primarily consist of switchgears, circuit breakers, transformers, capacitors, insulators, power convertors, and relays which are used to transmit power to users.


Albany, NY -- (SBWIRE) -- 06/30/2016 -- This research study analyzes the market for power transmission components in terms of revenue (US$ Mn). The power transmission components market has been segmented on the basis of type of component, type of current, and geography. The regional segment has been further divided into five sub-segments that comprise twelve countries, which are major players in the global power transmission components market. For the research, 2014 has been taken as the base year, while all forecasts have been given for the period from 2015 to 2023. Market data for all the segments has been provided at the regional as well as country-specific level from 2015 to 2023. The report provides a broad competitive analysis of companies engaged in the power transmission components business. The report also includes the key market dynamics, such as drivers, restraints, and opportunities, affecting the global power transmission components market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the global power transmission components market with the help of Porter's Five Forces model. This analysis helps in understanding the five major forces that affect the market structure and market profitability. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.

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The high-level analysis in the report provides detailed insights into the power transmission components business globally. There are currently numerous drivers of the market. One of the most prominent drivers is the increase in demand for energy across the globe and modernization of transmission infrastructure for reliable electric supply. Market attractiveness analysis was carried out for the power transmission components market on the basis of geography. Market attractiveness was estimated on the basis of common parameters that directly impact the market in different regions.

The power transmission components market was segmented on the basis of type of components (switchgears & circuit breakers, transformers, capacitors & insulators, and others (power convertors, relays, etc.)) and by current (HVAC and HVDC). Power transmission components vary according to the voltage requirement and quality of components used in manufacturing. The power transmission components market was analyzed across five geographies: Asia Pacific, North America, Europe, Middle East and Africa, and South and Central America. Regional data has been provided for each sub-segment of the power transmission components market. Key players in the power transmission components market include ABB Group, Eaton Corporation Plc, Emerson Electric Company, General Electric Company, Hitachi, Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, Tebian Electric Apparatus Stock Co., Ltd., and Toshiba Corporation. The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments.

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