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Power Transmission Component Market Share
- Report ID: GMI1151
- Published Date: Jun 2022
- Report Format: PDF
Power Transmission Component Market Share
Key companies across the power transmission component market include
- Toshiba Energy Systems & Solutions Corporation
- Siemens Energy
- Hitachi Energy
- General Electric
- CG Power & Industrial Solutions
- Schneider Electric
- ZTT
- Mitsubishi Electric Corporation
- Sterlite Power
- Eaton
- Bharat Heavy Electricals Limited
- Hyundai Electric & Energy Systems
- KEC International
- Larsen & Toubro Limited
- Elsewedy Electric
- Hyosung Heavy Industries
- WEG
- Raychem RPG Private
- IMEFY GROUP
- ARTECHE
Frequently Asked Questions (FAQ) :
The market size of power transmission component was worth USD 34.4 billion in 2023 and is poised to record a growth rate of over 7.1% through 2032, owing to rising indoor and outdoor applications for ensuring effective conductivity.
The > 132 kV to ? 220 kV voltage segment exceeded USD 11 billion in 2021 due to the rising adoption of renewable sources in the residential sector coupled with the strong expansion of micro-grid networks.
The transformers segment is expected to record close to USD 27 billion by 2030 impelled by the rise in technological advancements and capital-intensive specifications.
Europe accounted for close to 40% of the market share in 2021 driven by the provision of favorable government policies for adopting energy-efficient and the higher adoption of advanced technologies and the integration of renewable energy sources.
Power Transmission Component Market Scope
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