Growing Regulatory Support to Environmental Conservation Propels Global Power Transmission Components Market
Transparency Market Research has released a new market report titled “Global Power Transmission Components Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023”. According to this report, the global power transmission components market was valued at US$ 60,493.2 Mn in 2014 and is projected to reach US$ 102,574.8 Mn by 2023, at a CAGR of 6% from 2015 to 2023.
Complete Report Power Transmission Components Market with TOC : http://www.transparencymarketresearch.com/power-transmission-components-market.html
Transmission infrastructure in emerging markets is witnessing an influx of investments for development in order to support the growing demand for power and economic growth. Rising demand for renewable energy and its subsequent development have emerged as a major catalyst driving the global power transmission components market. This is due to the fact that numerous renewable power generation plants are stationed at remote locations and require setting-up of new transmission infrastructure. It is anticipated that during the forecast period, the market would be supported by favorable industrial growth in emerging nations. This is likely to boost the number of power plants, which is the major prerequisite for the growth of power transmission components market.
The power transmission components market has been segmented into five regions: Asia Pacific, North America, Europe, Middle East and Africa, and South and Central America. In 2014, Asia Pacific held the largest share of 34% of the global power transmission components market.Regulatory mandates to reduce carbon footprint across the globe are a major driver for the growth of power transmission components market. North America held the second-largest share in the power transmission components market in 2014. The market in South and Central America has exhibited slow growth in the past, but it anticipated that environmental regulatory norms would drive market growth this region in the near future.
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Demand for power transmission components is expected to increase gradually in the future as these components offer energy savings which contribute to revenue growth. The power transmission components market has been segmented as follows:
Power Transmission Components Market: By Components Type
Switchgears & Circuit Breakers
Transformers
Capacitors & Insulators
Others (Power Convertors, Relays etc.)
Power Transmission Components Market: By Current Type
HVAC (High Voltage Alternating Current)
HVDC (High Voltage Direct Current)
Power Transmission Components Market: By Region
Asia Pacific
China
India
Rest of Asia Pacific
North America
U.S.
Canada
Mexico
Europe
CIS
Germany
U.K.
Rest of Europe
Middle East and Africa
Kingdom of Saudi Arabia
South Africa
Rest of Middle East and Africa
South and Central America
Brazil
Argentina
Rest of South and Central America
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Mr.Sudip.S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
Visit : http://researcherville.blogspot.in/
Complete Report Power Transmission Components Market with TOC : http://www.transparencymarketresearch.com/power-transmission-components-market.html
Transmission infrastructure in emerging markets is witnessing an influx of investments for development in order to support the growing demand for power and economic growth. Rising demand for renewable energy and its subsequent development have emerged as a major catalyst driving the global power transmission components market. This is due to the fact that numerous renewable power generation plants are stationed at remote locations and require setting-up of new transmission infrastructure. It is anticipated that during the forecast period, the market would be supported by favorable industrial growth in emerging nations. This is likely to boost the number of power plants, which is the major prerequisite for the growth of power transmission components market.
The power transmission components market has been segmented into five regions: Asia Pacific, North America, Europe, Middle East and Africa, and South and Central America. In 2014, Asia Pacific held the largest share of 34% of the global power transmission components market.Regulatory mandates to reduce carbon footprint across the globe are a major driver for the growth of power transmission components market. North America held the second-largest share in the power transmission components market in 2014. The market in South and Central America has exhibited slow growth in the past, but it anticipated that environmental regulatory norms would drive market growth this region in the near future.
Get FREE Sample PDF file of : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7132
Demand for power transmission components is expected to increase gradually in the future as these components offer energy savings which contribute to revenue growth. The power transmission components market has been segmented as follows:
Power Transmission Components Market: By Components Type
Switchgears & Circuit Breakers
Transformers
Capacitors & Insulators
Others (Power Convertors, Relays etc.)
Power Transmission Components Market: By Current Type
HVAC (High Voltage Alternating Current)
HVDC (High Voltage Direct Current)
Power Transmission Components Market: By Region
Asia Pacific
China
India
Rest of Asia Pacific
North America
U.S.
Canada
Mexico
Europe
CIS
Germany
U.K.
Rest of Europe
Middle East and Africa
Kingdom of Saudi Arabia
South Africa
Rest of Middle East and Africa
South and Central America
Brazil
Argentina
Rest of South and Central America
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Mr.Sudip.S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
Visit : http://researcherville.blogspot.in/