Power Transmission Component Market Size To Expand at a Notable CAGR Of 6.5% During 2022-2030

Pune, India, January 2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Power Transmission Component Market

Market Highlights

Transmission component refers to the products that are used in systems with moving parts from a power generating site such as a power plant to an electrical substation. Power transmission components are designed to render long-term savings by providing uninterrupted power supply. The power transmission component market would experience growth subject to the ongoing refurbishment and retrofitting of existing grid infrastructure across the globe. 

Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Power Transmission Component Market Trends

Based on component, the market is segmented as transformer, circuit breaker, isolator, insulator, arrestor, transmission line, transmission tower. Circuit Breaker segment is estimated to dominate the market during the forecast period s they are installed to minimize the loss of electricity during transmission. Considering the voltage, the market is segmented as 132 kV, 220 kV, 440kV, 660kV, and >764 kV. 132 kV power transmission component market is expected to be the largest during the forecast period. Ongoing commercial establishments and urbanization coupled with ongoing expansion of smart grid networks will positively influence the product demand.

The global power transmission component market is expected to grow at ~ 6.5% CAGR during the forecast period.Drivers

Market Research Analysis

North America accounts for the largest market share whereas Asia-Pacific is the fastest growing region.

Region wise, North America held the largest market share of the global power transmission component market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment in smart grids and investment in refurbishment of existing grid infrastructure.

GLOBAL POWER TRANSMISSION COMPONENT MARKET 2022-2030

Scope of the Report

This report provides an in-depth analysis of the global power transmission component market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the power transmission component market by its component, voltage, current level, and by region.

• By Component


• Transformer


• Circuit Breaker


• Isolator


• Insulator


• Arrestor


• Transmission line


• Transmission Tower

• By Voltage


• 132 kV


• 220 kV


• 440 kV


• 660 kV


• >764 kV 

• By Current Level


• HVAC


• HVDC

• By Regions


• North America 


• Asia-Pacific 


• Europe


• Middle East & Africa


• South America

Key Players

The key players of the global power transmission component market are ABB (Switzerland), Siemens (Germany), Schneider (France), Emerson (US), General Electric (US), Eaton (Ireland), Crompton Greaves (India), Toshiba (Japan), Sterlite (India), and Hitachi (Japan), among others