Power Transmission Components - Worldwide Market Overview & Outlook 2018-2024: CAGR of 5.3% is Projected - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 24, 2018--The “Power Transmission Components Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024” report has been added to ResearchAndMarkets.com’s offering.
The report predicts the global power transmission components market to grow with a CAGR of 5.3% over the forecast period of 2018-2024.
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 regions, particularly in underdeveloped and developed regions, is further anticipated to boost the power transmission components market.
On the other hand, upgradation of aging networks is anticipated to drive the transformers industries, along with growing concern about 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.
Companies ProfiledSterlite Tebian Electric Apparatus Stock L&T Emerson Mitsubishi BHEL KEC International Hitachi Tebian Electric Apparatus Stock Hyundai
Key Topics Covered
2. Executive Summary
3. Global Power Transmission Components Market Overview
4. Power Transmission Components Market Macro Indicator Analysis
5. Global Power Transmission Components Market by Component
6. Global Power Transmission Components Market by Voltage Level
7. Global Power Transmission Components Market by Current
8. Global Power Transmission Components Market by Region 2018-2024
9. Company Profiles and Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/q8hjm6/power?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180924005716/en/
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INDUSTRY KEYWORD: ENERGY UTILITIES
SOURCE: Research and Markets
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PUB: 09/24/2018 11:57 AM/DISC: 09/24/2018 11:57 AM