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Power Transmission and Components Market Analysis And Forecast 2015 - 2023

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Power transmission aids in smooth electricity transmission, and distribution services. These services are offered to residential, commercial and industrial end users. Power generation utilities produce electricity, which is sold to power transmissio
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REPORT DESCRIPTION
Power transmission aids in smooth electricity transmission, and distribution services. These services are
offered to residential, commercial and industrial end users. Power generation utilities produce electricity,
which is sold to power transmission utilities for further downstream distribution. Power transmission
companies generate revenue by selling procured electricity to end users. Electricity is transmitted through
transmission lines in high-voltage direct current (HVDC) or high-voltage alternating current (HVAC). Power
transmission system includes transmission lines, transformer stations, and distribution substations that
deliver the electricity to the end users. The power transmission components include power conductors,
capacitors, power convertors, switchgears, voltage regulators, clutches, chains, sprockets, and couplings.
In-depth research report on Power Transmission and Components Market with Full TOC at :
http://www.transparencymarketresearch.com/power-transmission-components-market.html
The power transmission and components market is matured in developed countries that has been one of
the major reasons for a slow paced market growth in such countries. Europe and North America hold
substantial market share of global power transmission and components market. Asia Pacific and Latin
America are developing markets for power transmission and components. The market for power
transmission and components is lucrative in developing countries such as China and India.
The global power transmission and components market is segmented on the basis of type of current,
components type and geography. Power is transmitted through transmission lines in two types of current
including high-voltage alternating current (HVAC) and high-voltage direct current (HVDC). HVAC is widely
used as power generation utilities provide it in AC form directly from generator turbines. HVDC has some
advantages over HVAC such as power flow control, transient stability improvement, power oscillation
damping, voltage stability and control. Various kinds of transmission components include power
convertors, power conductors, capacitors, switchgears, voltage regulators, clutches, chains, sprockets, and
couplings. Convertors are used to convert AC current to DC current and vice-versa. Power conductors and
capacitors are utilized to transmit electricity efficiently and as per specified requirements. Switchgears
perform the function of switching and transferring current between different transmission lines. Voltage
regulators normalize the voltage across the transmission lines and substations. Clutches, chains,
sprockets, and couplings are used for mechanical functions in the power transmission systems. North
America and Europe have a huge chunk of the global power transmission and components market share.
The U.S, U.K, France, Germany, Canada and Italy are some of the key power transmission and components
markets.
Asia Pacific, Middle East and Latin America have substantial markets for power transmission and
components. Countries such as China, Brazil, Argentina, Saudi Arabia, Iran, Japan, South Korea and India
are major markets for power transmission and components. Asia Pacific is the fastest growing market and
holds a huge potential market for power transmission and components through countries such as China
and India.
Power transmission and components market is primarily driven by increased demand for electricity across
the globe, which is mainly fuelled by industrialization. Increasing population, industrial activities and
modernization have raised the overall demand for electricity. Introduction of smart grid has further boosted
the power transmission and components market. New technological advancements such as wireless power
transmission are expected to further augment the demand for power transmission and components.
However, high infrastructure costs involved in power transmission setups may hinder the growth of power
transmission and components market. The shifted focus towards renewable energy, grid interconnections,
economic development and industrial development are likely to drive the demand for power transmission
and components across the globe.
Some of the key players in the power transmission and components market include Alstom, General Cable,
SKF Group, Unitech Power Transmission Ltd.,ABB Ltd., Hitachi Ltd., Mitsubishi Electric Corporation,
Schneider Electric, Siemens AG and The Timken Company.
This research report analyzes this market on the basis of its market segments, major
geographies, and current market trends. Geographies analyzed under this research report
include
•
North America
•
Asia Pacific
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Europe
•
Middle East and Africa
•
Latin America
This report provides comprehensive analysis of
•
Market growth drivers
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Factors limiting market growth
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Current market trends
•
Market structure
•
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market players and new entrants
along with detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
•
It provides a forward looking perspective on different factors driving or restraining market growth
•
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
•
It helps in understanding the key product segments and their future
•
It provides pin point analysis of changing competition dynamics and keeps you ahead of
competitors
•
It helps in making informed business decisions by having complete insights of market and by
making in-depth analysis of market segments
•
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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Transparency Market Research (TMR) is a market intelligence company providing global business research
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TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with
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