In the world economic growth, the Electric Power Transmission Equipment industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Electric Power Transmission Equipment market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Electric Power Transmission Equipment market size will be further expanded, we expect that by 2024, The market size of the Electric Power Transmission Equipment will reach XXX million $.
Electric power transmission and distribution systems are the means of transmitting power from a generating source to various load centers. Electric power transmission is the process by which electricity is transported over long distances to consumers. The system provides electricity to individual consumer premises. Power transmission equipment are used to transmit power from one place to another. Cables, switches, conductors, circuits, capacitors, meters, breakers, transformers, convertors, etc., of varying capacities and characteristics, are some of the basic equipment/components used during the process.
Market Drivers:
Increasing demand for electricity or increasing consumption of electricity across the world is expected to augment growth of the global electric power transmission equipment market over the forecast period. For instance, according to the Central Electricity Authority, India, the total power generating capacity of (utilities & non-utilities) has increased from a meagre 1362 MW in 1947 to about 448.11 GW at the end of March, 2020. The per capita electricity consumption which was a mere 16.3 units in 1947, has increased to 1208 units in 2019-20. This in turn is expected to drive growth of the global electric power transmission equipment market.
Moreover, aging infrastructure, increasing use of renewable energy sources, and rise in need to improve transmission efficiency and energy security are some major factors expected to aid in growth of the global electric power transmission equipment market.
Regional Insights:
Among regions, North America is expected to witness robust growth in the global electric power transmission equipment market due to increasing consumption of electricity, investment in transmission and distribution infrastructure, and increasing use of renewable energy sources. The Government of India’s focus on attaining ‘Power for all’ has accelerated capacity addition in the country. For instance, in as of June 2019, the Government of India launched US$ 5 billion of transmission-line tenders in phases and has set a target of 175 GW by 2022. The target for renewable energy has been increased to 227 GW by 2022.
Competitive Section:
Major companies involved in the global electric power transmission equipment market are Hitachi, Toshiba, Eaton, Siemens, Schneider, GE, ABB, Alstom, Mitsubishi Electric, CHINT Group, NHVS, BTW group, Tatung, MEIDEN, Hubbell, Fuji Electric, Pinggao Electric, JSHP Transformer, TBEA, and China XD Group, among others.
For instance, in December 2019, L&T bagged orders to design and construct two 132/11kV substations in Dubai, UAE.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
Alstom
ABB
GE
Schneider
Siemens
Eaton
Mitsubishi Electric
Toshiba
Hitachi
Fuji Electric
Hubbell
MEIDEN
Tatung
China XD Group
TBEA
BTW group
JSHP Transformer
Pinggao Electric
NHVS
CHINT Group
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Transformers
High-voltage Switchgears
Vacuum Circuit Breakers
Lightning Arresters
Industry Segmentation
Residential Power Systems
Commercial Power Systems
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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