Power Transmission Components Market

25 Feb


Power Transmission Components Market Poised to Grow at a CAGR of 5.3% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Power Transmission Components Market . The report presents analysis of global as well as regional markets of power transmission components market over the period of 2016 to 2024. Electric power transmission is the bulk movement of electrical energy from a generating site, such as a power plant, to an electrical sub-station. The interconnected lines that facilitate this movement are known as a transmission network. Power transmission devices are very commonly used to transmit power from one shaft to another. The power is transmitted from one shaft to the other by means of belts, chains, and gears. The belts and ropes are flexible members that are used where the distance between the two shafts is large.

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. Among the geographies, 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. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global power transmission components market  but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.


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The recent report identified that North America dominated the global power transmission components market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the power transmission components market worldwide.

The report segments the global power transmission components market on the basis of Component, Voltage Level and Current.


Global Power Transmission Components Market by Component

·         Transformer

·         Switchgears & Circuit Breakers

·         Insulators And Capacitors

·         Others(Power Convertors And Relays)


Global Power Transmission Components Market by Voltage Level

·         132 KV

·         220 KV

·         440 KV

·         660 KV, 765 KV


Global Power Transmission Components Market by Current

·         HVDC

·         HVAC


Companies Profiled in the Report

·         Sterlite

·         Tebian Electric Apparatus Stock

·         L&T

·         Emerson

·          Mitsubishi

·         BHEL

·         KEC International

·         Hitachi

·         Tebian Electric Apparatus Stock

·          Hyundai


About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.