Electric Power Transmission Equipment Market Technology Innovations, Trends and Demand 2021 to 2027| Hitachi (ABB), Siemens, GE, Schneider Electric
Electric Power Transmission Equipment Market research performs thorough market analysis and uses a variety of sources to provide key players with wide-ranging knowledge about industry strategies. This analysis concentrates more on current trends, market scenario along with depicting dynamic methods and key advancements. All these factors greatly help leading industries to get an advantage over competitive market and leverage their position in the market. Key players of the market focus on following some key strategies such as mergers, acquisitions, collaborations and novel product launches. It further captures actions and plans followed by the competitors in the market to make their business gainful. Electric Power Transmission Equipment Market study discusses about how COVID-19 pandemic affected market growth globally.
The Global Electric Power Transmission Equipment market is expected to register a CAGR of 8.34 % during the forecast period (2021- 2027).
The report introduces the market competition landscape and a detailed analysis of the major suppliers/key players in the market.
Top companies in the global Electric Power Transmission Equipment market: Hitachi (ABB), Siemens, GE, Schneider Electric, Eaton, BHEL, TBEA, HYOSUNG, China XD Group, Mitsubishi Electric, Toshiba, Crompton Greaves, SPX Transformer Solutions, Fuji Electric, Shanghai Electric, Baoding Tianwei
Hitachi has acquired 16 companies, including 5 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 5 assets.
Hitachi’s largest acquisition to date was in 2021, when it acquired Thales’s Ground Transportation Systems for $1.9B. It’s largest disclosed sale occurred in 2011, when it sold HGST to Western Digital for $4.3B. Hitachi has acquired in 4 different US states, and 10 countries. The Company’s most targeted sectors include information technology (38%) and business services (13%).
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The global electric power transmission and distribution equipment market is anticipated to grow at a lucrative rate during the forecast period. Transmission of electric power is the transfer of bulk electrical energy to substations from power generating plants. Substations/population centers are located near demand centers and electrical energy is further delivered through a distribution system network, distribution being the final stage in the delivery of electricity to consumers. Electrical transmission is distinct from electrical distribution, in terms of carrying large quantities of high voltage power over large distances; thus there are differences in the equipment used for each
The global Electric Power Transmission Equipment market is divided by product type and application:
The report breaks down the global Electric Power Transmission Equipment market according to the following types:
According to the application, the global Electric Power Transmission Equipment market can be subdivided into:
Fossil Fuel Fired Power
Regional Outlook of the Electric Power Transmission Equipment market:
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia and Italy)
Asia Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE) , Egypt, Nigeria and South Africa)
These regional markets accounting for a combined market size of US$33 Billion in the year 2020 will reach a projected size of US$47.6 Billion by the close of the analysis period. China will remain among the fastest-growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.7 Billion by the year 2026, while Latin America will expand at a 8.34% CAGR through the analysis period.
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The Influence of the Electric Power Transmission Equipment market report:
-Comprehensive assessment of all opportunities and risks in the Electric Power Transmission Equipment market.
-The latest innovations and major events in the Electric Power Transmission Equipment market.
-Research in detail the business strategy of leading enterprises in the Electric Power Transmission Equipment market.
-Conclusive research on the growth chart of the Electric Power Transmission Equipment market in the next few years.
-In-depth understanding of the Electric Power Transmission Equipment market, especially the driving factors, constraints and major micro-markets.
-Have a good impression on the important technologies of the Electric Power Transmission Equipment market and the latest market trends.
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Key Highlights of the Electric Power Transmission Equipment Market Report
Market Segments and other perspectives have been studied across 3600 perspectives
Both Supply and Demand-side mapping has been done to understand the market scenario
We have used data triangulation to derive the market numbers
Our data and analysis have been verified through C-level Executives while conducting primary interviews
Porter’s Five Forces Analysis, Swot, Analysis, PEST Analysis, Value Chain Analysis and Market Attractiveness would be an added advantage in the report
Historical Year: 2016; Base Year: 2021; Forecast Years: 2021 – 2027
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