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Published Date: 2015-12-10Number of Pages: 99

Power Transmission Components Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023

Consistently Increasing Energy Demand Encourages Adoption of Power Transmission Components

The relentlessly increasing demand for energy has been the primary growth driver for the global power transmission components market, observes Transparency Market Research. The hurdles faced by service providers in power transmission over long distances is yet another factor propelling the adoption of these components in the recent past. Thus, in an effort to cut down the energy losses through effective transmission of energy and reducing the carbon footprint is anticipated to increase the deployment of sophisticated transmission components in the coming years. With these unwavering market drivers, the global power transmission components market is expected to be worth US$102,574.8 mn by 2023 as compared to US$64,155.6 mn in 2015, expanding at CAGR of 6.0% between 2014 and 2023.

It is a well-known fact that modern power transmission components are designed to render long-term savings by providing uninterrupted power supply. With this backing, governments across the globe are incentivizing installations of new-age power transmission components to achieve significant energy savings. This move comes as world leaders are devising ways to achieve economic growth through sustainable means. Furthermore, the need to upgrade the old power plant infrastructure also has a positive impact on the market. However, the high cost of initial investment is discouraging power plants from investing in these components.

 

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Government Initiatives to Reduce Carbon Footprint in North America Prove Favorable for Demand

Geographically, the power transmission components market has a presence across regions of Asia Pacific, Europe, North America, the Middle East and Africa, and South and Central America. As of 2014, North America held a leading share of 26.50% and is expected to equate to 25.57% by 2023. Despite the minor drop in percentage, this regional market will excel due to increasing investments in upgrading existing power transmission components. The initiatives by governments to curb the carbon emission and negate the carbon footprint is also expected to boost the power transmission components market in North America. Efforts in regions such as Asia Pacific to upgrade their facilities to smart grid infrastructure will also propel the adoption of new transmission components in the region.

Switchgears and Circuit Breakers Segment Expected to Exhibit Strong Growth

Switchgears and circuit breakers are critical components of power transmission as they are installed to minimize the loss of electricity during transmission. They are important in limiting electric failures and ensuring seamless current flow through the circuit. Owing to these reasons the advanced switchgears and circuit breakers that deliver high voltage will be used extensively in power grids in the near future. During the forecast period of 2014 and 2023, the switchgears and circuit breakers segment will continue to surge at a CAGR of 5.6%.

Transformers also hold a promise of a steady growth rate due to an exponentially increasing demand for energy due to industrialization. The rapidly growing population will also make a significant contribution to energy demand, thereby driving the transformers segment at a 5.5% CAGR between 2014 and 2023.

Some of the key companies operating in the global power transmission components market are Emerson Electric Company, ABB Group, Eaton Corporation Plc, Hitachi, Ltd., General Electric Company, Mitsubishi Electric Corporation, Siemens AG, and Schneider Electric SE. The market is witnessing a high degree of competition due to the presence of a large number of players. To keep the edge over others, players are striving for rigorous forward integration and product innovation that will ensure additional energy savings in the near future.

Section 1 Preface

  • Report Description
  • Market Segmentation
  • Research Scope
  • Research Methodology

Section 2 Executive Summary

  • Executive Summary

Section 3 Industry Analysis

  • Introduction
  • Market Dynamics
    • Market Drivers
    • Market Restrains
    • Market Opportunities
  • Porter’s Five Forces Analysis
    • Bargaining Power of Suppliers
    • Bargaining Power of Buyers
    • Threat of Substitutes
    • Threat of New Entrants
    • Degree of Competition
  • Company Market Share-Power Transmission Components Market, 2014
  • Market Attractiveness Analysis- Power Transmission Components Market, By Region
  • Value Chain Analysis 

Section 4 Power Transmission Components Market – Component Segment, by Revenue, 2014 – 2023 (US$ Mn)

  • Overview
  • Switchgears & Circuit Breakers
  • Transformers
  • Insulators and Capacitors
  • Others (Power Convertors, and Relays, etc.)

Section 5 Global Power Transmission Components Market – By Current, by Revenue, 2014 – 2023 (US$ Mn)

  • Overview
  • HVDC
  • HVDC

Section 6 Global Power Transmission Components Market – Regional Analysis, by Revenue, 2014 – 2023 (US$ Mn)

  • Asia Pacific
    • Asia Pacific Power Transmission Components Market
    • China Power Transmission Components Market
    • India Power Transmission Components Market
    • Rest of Asia Pacific Power Transmission Components Market
  • North America
    • North America Power Transmission Components
    • U.S. Power Transmission Components Market
    • Canada Power Transmission Components Market
    • Mexico Power Transmission Components Market
    • Rest of North America Power Transmission Components Market 
  • EUROPE
    • Europe Power Transmission Components Market
    • CIS Power Transmission Components Market
    • Germany Power Transmission Components Market
    • U.K. Power Transmission Components Market
    • Rest of Europe Power Transmission Components Market
  • Middle East and Africa
    • Middle East and Africa Power Transmission Components Market
    • Kingdom of Saudi Arabia Power Transmission Components Market
    • South Africa Power Transmission Components  Market
    • Rest of Middle East and Africa Power Transmission Components Market
  • South America ANd central America
    • Middle East and Africa Power Transmission Components Market
    • Brazil Power Transmission Components Market
    • Argentina Power Transmission Components Market
    • Rest of South and Central America Power Transmission Components Market

Section 8 Company Profiles

  • ABB Group
  • Eaton Corporation Plc
  • Emerson Electric Company
  • General Electric Company
  • Hitachi, Ltd.
  • Mitsubishi Electric Corporation
  • Schneider Electric SE
  • Siemens AG
  • Tebian Electric Apparatus Stock Co., Ltd.
  • Toshiba Corporation

List of Figures

Figure 1. Global Power Transmission Components  Market, Estimates and Forecast, by Revenue, 2014–2023 (USS Mn)
Figure 2. Global Power Transmission Components  Market,  %Market Share, By Component, by Region, 2014
Figure 3. Total World Energy Consumption, by Source, 2014
Figure 4. World Carbon Emissions Sector Wise, 2014
Figure 5. Global T & D Capital Expenditure (US$ Bn) , 2014-2023
Figure 6. Market Attractiveness Analysis of Power Transmission Components Market, 2014
Figure 7. Global Power Transmission Components, Company Market Share (%) (2014)
Figure 8. Global Power Transmission Components Market Value, By Component, 2014 and 2023
Figure 9. Global Power Transmission Components Market, Estimates and Forecast, By Switchgears and Circuit Breakers, 2014–2023 (US$ Mn)
Figure 10. Global Power Transmission Components Market, Estimates and Forecast, By Transformers, 2014–2023 (US$ Mn)
Figure 11. Global Power Transmission Components Market, Estimates and Forecast, By Insulators and Capacitors, 2014–2023 (US$ Mn)
Figure 12. Global Power Transmission Components Market, Estimates and Forecast, By Other Components, 2014–2023 (US$ Mn)
Figure 13. Global Power Transmission Components Market Value, by Current Type, 2014 and 2023
Figure 14. Global Power Transmission Components Market, Estimates and Forecast, by HVAC Current, 2014–2023 (US$ Mn)
Figure 15. Global Power Transmission Components Market, Estimates and Forecast, by HVDC Current, 2014–2023 (US$ Mn)
Figure 16. Global Power Transmission Components Market Share, by Region, 2014 and 2023
Figure 17. Asia Pacific Power Transmission Components Market Share, by Country, 2014 and 2023
Figure 18. Power Transmission Components Market – Asia Pacific, By Current, 2014–2023 (US$ Mn)
Figure 19. Power Transmission Components Market – Asia Pacific, By Components, 2014–2023 (US$ Mn)
Figure 20. North America Power Transmission Components Market Share, by Country, 2014 and 2023
Figure 21. Power Transmission Components Market – North America, By Current, 2014–2023 (US$ Mn)
Figure 22. Power Transmission Components Market – North America, By Components, 2014–2023 (US$ Mn)
Figure 23. Europe Power Transmission Components  Market Share, by Country, 2014 and 2023
Figure 24. Power Transmission Components Market – Europe, By Current, 2014–2023 (US$ Mn)
Figure 25. Power Transmission Components Market – Europe, By Components, 2014–2023 (US$ Mn)
Figure 26. MEA Power Transmission Components  Market Volume Share, by Country, 2014 and 2023
Figure 27. Power Transmission Components Market – Middle East and Africa, By Current, 2014–2023 (US$ Mn)
Figure 28. Power Transmission Components Market – Middle East and Africa, By Component, 2014–2023 (US$ Mn)
Figure 29. SCA Power Transmission Components  Market Share, by Country, 2014 and 2023
Figure 30. Power Transmission Components Market – South and Central America, By Current, 2014–2023 (US$ Mn)
Figure 31. Power Transmission Components Market – South and Central America, By Components, 2014–2023 (US$ Mn)
Figure 32. ABB Group, Revenue by Business Segment, 2014
Figure 33. ABB Group, Revenue by Region, 2014
Figure 34. Eaton Corporation Plc, Revenue by Business Segment, 2014
Figure 35. Eaton Corporation Plc, Revenue by Region, 2014
Figure 36. Emerson Electric Company, Revenue by Business Segment, 2014
Figure 37. Emerson Electric Company, Revenue by Region, 2014
Figure 38. General Electric , Revenue by Business Segment, 2014
Figure 39. General Electric, Revenue by Region, 2014
Figure 40. Hitachi, Ltd., Revenue by Business Segment, 2014
Figure 41. Hitachi, Ltd., Revenue by Region, 2014
Figure 42. Mitsubishi Electric Corporation, Revenue by Business Segment, 2014
Figure 43. Mitsubishi Electric Corporation, Revenue by Region, 2014
Figure 44. Schneider Electric SE, Revenue by Business Segment, 2014
Figure 45. Schneider Electric SE, Revenue by Region, 2014
Figure 46. Siemens AG, Revenue by Business Segment, 2014
Figure 47. Siemens AG, Revenue by Region, 2014
Figure 48. Toshiba Corporation, Revenue by Business Segment, 2014
Figure 49. Toshiba Corporation, Revenue by Region, 2014

List of Tables

Table 1. Global Power Transmission Components Market: Snapshot
Table 2. Global Power Transmission Components Market, Estimates and Forecast, By Component, 2014–2023 (US$ Mn)
Table 3. Global Power Transmission Components Market, Estimates and Forecast, by Current Type, 2014–2023 (US$ Mn)
Table 4. China Power Transmission Components Market, By Components, 2014–2023 (US$ Mn)
Table 5. India Power Transmission Components Market, By Components, 2014–2023 (US$ Mn)
Table 6. Rest of Asia Pacific Power Transmission Components Market, By Components, 2014–2023 (US$ Mn)
Table 7. U.S. Power Transmission Components Market, By Components, 2014–2023 (US$ Mn)
Table 8. Canada Power Transmission Components Market, By Components, 2014–2023 (US$ Mn)
Table 9. Mexico Power Transmission Components Market, By Components, 2014–2023 (US$ Mn)
Table 10. CIS Power Transmission Components Market, By Components, 2014–2023 (US$ Mn)
Table 11. Germany Power Transmission Components Market, By Components, 2014–2023 (US$ Mn)
Table 12. U.K. Power Transmission Components Market, By Components, 2014–2023 (US$ Mn)
Table 13. Rest of Europe Power Transmission Components Market, By Components, 2014–2023 (US$ Mn)
Table 14. Kingdom of Saudi Arabia Power Transmission Components Market, By Component, 2014–2023 (US$ Mn)
Table 15. South Africa Power Transmission Components Market, By Component, 2014–2023 (US$ Mn)
Table 16. Rest of MEA Power Transmission Components Market, By Component, 2014–2023 (US$ Mn)
Table 17. Brazil Power Transmission Components Market, By Components, 2014–2023 (US$ Mn)
Table 18. Argentina Power Transmission Components Market, By Components, 2014–2023 (US$ Mn)
Table 19. Rest of SCA Power Transmission Components Market, By Components, 2014–2023 (US$ Mn)

 

This research study analyzes the market for power transmission components in terms of revenue (US$ Mn). The power transmission components market has been segmented on the basis of type of component, type of current, and geography. The regional segment has been further divided into five sub-segments that comprise twelve countries, which are major players in the global power transmission components market. For the research, 2014 has been taken as the base year, while all forecasts have been given for the period from 2015 to 2023. Market data for all the segments has been provided at the regional as well as country-specific level from 2015 to 2023. The report provides a broad competitive analysis of companies engaged in the power transmission components business. The report also includes the key market dynamics, such as drivers, restraints, and opportunities, affecting the global power transmission components market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the global power transmission components market with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the market structure and market profitability. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.

The high-level analysis in the report provides detailed insights into the power transmission components business globally. There are currently numerous drivers of the market. One of the most prominent drivers is the increase in demand for energy across the globe and modernization of transmission infrastructure for reliable electric supply. Market attractiveness analysis was carried out for the power transmission components market on the basis of geography. Market attractiveness was estimated on the basis of common parameters that directly impact the market in different regions. 

The power transmission components market was segmented on the basis of type of components (switchgears & circuit breakers, transformers, capacitors & insulators, and others (power convertors, relays, etc.)) and by current (HVAC and HVDC). Power transmission components vary according to the voltage requirement and quality of components used in manufacturing. The power transmission components market was analyzed across five geographies: Asia Pacific, North America, Europe, Middle East and Africa, and South and Central America. Regional data has been provided for each sub-segment of the power transmission components market. Key players in the power transmission components market include ABB Group, Eaton Corporation Plc, Emerson Electric Company, General Electric Company, Hitachi, Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, Tebian Electric Apparatus Stock Co., Ltd., and Toshiba Corporation. The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments.

Power Transmission Components Market: By Components Type

  • Switchgears & Circuit Breakers
  • Transformers
  • Capacitors & Insulators
  • Others (Power Convertors, & Relays etc.)

Power Transmission Components Market: By Current Type

  • HVAC (High Voltage Alternating Current)
  • HVDC (High Voltage Direct Current)

Power Transmission Components Market: By Region

  • Asia Pacific
    • China
    • India
    • Rest of Asia Pacific
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • CIS
    • Germany
    • U.K.
    • Rest of Europe
  • Middle East and Africa
    • Kingdom of Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa
  • South and Central America
    • Brazil
    • Argentina
    • Rest of South and Central America


 
 
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