Power Transmission Components Market 2018- Revenue, Price and Gross Margin Research Report 2025

Power Transmission Components Market by Components Type and Current Type – Global Industry Analysis and Forecast to 2023: Industry Trend Analysis

The global Power Transmission Components Market was worth USD 54.23 billion in 2014 and is expected to reach approximately USD 92.81 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.15% during the forecast period. The persistently expanding interest for energy has been the essential development driver for the worldwide power transmission components market. The obstacles encountered by service providers in power transmission over long separations are yet another factor driving the selection of these parts in the past years. In this manner, with an end goal to curb the loss of energy through powerful energy transmission and diminishing the carbon impression is expected to expand the organization of modern transmission segments in the coming years.

Component Outlook and Trend Analysis

Based on components the market is segmented into transformers, switchgears & circuit breakers, capacitors & insulators, and others. Switchgears and circuit breakers are significant components of power transmission as they are designed to reduce the loss of energy amid transmission. They are imperative in reducing electric failures and ensuring constant flow of current through the circuit. Due to these factors the enhanced switchgears and circuit breakers that render high voltage will be used majorly in power grids in the near future.

Current Outlook and Trend Analysis

On the basis of current the market is segmented into High Voltage Alternating Current (HVAC) and High Voltage Direct Current (HVDC). Modern power transmission segments are intended to render long haul investment funds by giving continuous power supply. With this support, governments over the globe are boosting establishments of new-age control transmission segments to accomplish critical vitality reserve funds. This move comes as world pioneers are formulating approaches to accomplish financial development through feasible means.

Regional Outlook and Trend Analysis

Geographically, the power transmission components market has a existence crosswise over districts of North America, Europe, South and Central America, the Middle East and Africa, and North America. In 2014, North America held a main share of 26.50 percent and is foreseen to compare to 25.57 percent by 2023. Regardless of the minor drop in rate, this provincial market will exceed expectations because of expanding interests in redesigning existing power transmission components. The activities by governments to reduce the carbon outflow and nullify the carbon impression are likewise anticipated that would help the power transmission components market in North America.

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Competitive Insights

The leading players in the market are ABB Group, Emerson Electric, Schneider Electric, TBEA Co, Mitsubishi Electric, Hitachi, Siemens, General Electric and Toshiba. The market is observing a high degree of competition owing to the existence of a large number of players. To keep the edge over others, players are focusing on integration and product innovation that will ensure additional energy savings in the near future.

The Power Transmission Components Market is segmented as follows-

By Component:

  • Transformers
  • Capacitors & Insulators
  • Switchgears & Circuit Breakers
  • Others (Power Convertors, & Relays etc.)

By Current:

  • High Voltage Direct Current (HVDC)
  • High Voltage Alternating Current (HVAC)

By Region

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • United Arab Emirates
  • Others

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Table of Contents:

1. Introduction

1.1. Report Description

1.2. Research Methodology

2. Executive Summary

2.1. Key Highlights

3. Market Overview

3.1. Introduction

3.1.1. Market Definition

3.1.2. Market Segmentation

3.2. Market Dynamics

3.2.1. Drivers

3.2.1.1. Expansion of Smart Grid Networks

3.2.1.2. Rising Peak Load Demand

3.2.2. Restraints

3.2.2.1. High Dependency on Imports

3.2.3. Opportunities

3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities

4. Power Transmission Components Market, By Components Type

4.1. Introduction

4.2. Power Transmission Components Market Assessment and Forecast, By Components Type, 2014-2023

4.3. Switchgears & Circuit Breakers

4.3.1. Market Assessment and Forecast, By Region, 2014-2023($Million)

4.4. Transformers

4.4.1. Market Assessment and Forecast, By Region, 2014-2023($Million)

4.5. Capacitors & Insulators

4.5.1. Market Assessment and Forecast, By Region, 2014-2023($Million)

4.6. Other Component Types

4.6.1. Market Assessment and Forecast, By Region, 2014-2023($Million)

5. Power Transmission Components Market, By Current Type

5.1. Introduction

5.2. The Power Transmission Components Market Assessment and Forecast, By Current Type, 2014-2023

5.3. HVAC (High Voltage Alternating Current)

5.3.1. Market Assessment and Forecast, By Region, 2014-2023($Million)

5.4. HVDC (High Voltage Direct Current)

5.4.1. Market Assessment and Forecast, By Region, 2014-2023($Million)

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