Increasing use of
renewable energy sources, aging infrastructure, and rising demand for
electricity are encouraging the need to improve transmission efficiency and
energy security, thus contributing to the growth of electrical transmission and
distribution market. This market is forecasted to reach the market value of
$33.45 billion by the end of the year 2012 owing to the technological
developments in transmission grid technology.
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Most regions and countries
are expected to experience strong growth in electric power transmission
industry as governments of most countries are engaging in upgrading and
expanding the transmission and distribution infrastructure. Emerging economies
in power transmission and distribution equipment market are expected to drive
the growth of this market, while the US and European nations are expected to
remain major contributors due to their tremendous need for electrical power.
This industry is further expected to witness market growth as economies continue
to invest heavily in electricity generation, transmission, and distribution
networks.
As national, regional, and
continental electricity grids are interconnected, growth in national and
regional markets is also expected to increase significantly. With the
introduction of new entrants in the market competition is getting intense thus
resulting in the improvement of product quality and features.
This research report
analyzes this market depending on its market segments and major geographies.
Geographies analyzed under this research study are North America, Asia Pacific,
Europe, and Rest of the World. This research report provides complete analysis
of major market segments, current market trends, factors driving market growth,
restraints, industry structure, and market projections for upcoming years. This
report also provides analysis of technological improvements in this industry,
Porter’s five force model analysis, and complete company profiles of top market
players. It provides review of micro and macro factors significant for existing
market players and new entrants along with detailed value chain analysis.
Major Players
Some of the key players
dominating this market are ABB (Asea Brown Boveri) Ltd, Alstom, BICC Cables,
Ceram, Groupe Schneider SA, NKF Kabel BV, NKT Cables AS, Pirelli SPA, Siemens
EV AG, Smit Transformatoren BV, and others.
Reasons for Buying this
Report
- This research report provides an
in-depth analysis of major factors responsible for driving and limiting
market growth
- It provides technological growth map
over time and explains its impact on industry
- It provides pin point analysis of
changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business
decisions by having complete insights of market and by making in-depth
analysis of market segments
- It provides clear understanding of key
product segments and competitive environment
- It provides up-to-date analysis of
latest trends in market
- It provides distinctive graphics and
exemplified SWOT analysis of major market segments
- It provides complete analysis of major
competitors and their strategies
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