USD 74.12 Billion
Global Power Transmission Components Market Size, Share, Growth Analysis, By Component Type(Transformers, Transmission Lines), By Voltage Level(High Voltage (HV), Medium Voltage (MV)), By Material Type(Aluminum, Copper) - Industry Forecast 2024-2031
Report ID:
SQMIG55A2039 |
Region:
Global |
Published Date: July, 1990
Pages:
182
|
Tables:
94 |
Figures:
76
Global Power Transmission Components Market Insights
Global Power Transmission Components Market size was valued at USD 74.12 Billion in 2022 and is poised to grow from USD 80.79 Billion in 2023 to USD 160.98 Billion by 2031, at a CAGR of 9.00% during the forecast period (2024-2031).
In current years, the global Power Transmission Components market features a numerous range of products and solutions crucial for the efficient and dependable transmission of electrical energy. Key drivers encompass the non-stop increase in energy call for, urbanization, and industrialization. The call for for clever grids and the combination of renewable strength resources further make a contribution to market expansion. Power Transmission Components which include transformers, transmission strains, and switchgear play vital roles in modernizing and optimizing energy transmission infrastructure.
However, challenges consisting of the high initial fee of device, regulatory complexities, and the want for grid modernization pose restraints. Regional dynamics, which include investments in strength infrastructure and authorities initiatives, additionally have an impact on market developments. The ongoing transition toward sustainable and resilient power structures is likely to shape the destiny of the worldwide Power Transmission Components market.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Transformers
Fastest Growth
Capacitors
Growth Rate
9.00% CAGR
Global Power Transmission Components Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Power Transmission Components Market By Component ($ Bn)
Global Power Transmission Components Market By Component (%)
To get more reports on the above market click here to Buy The Report
Global Power Transmission Components Market Segmental Analysis
The global Power Transmission Components market is segmented into four major segments i.e. by Component Type, Voltage Level, Material Type, and region. Based on Component, it is divided into Transformers, Transmission Lines, Switchgear, Capacitors, Insulators, Circuit Breakers, Arresters. Based on Voltage Leve, it is bifurcated as High Voltage (HV), Medium Voltage (MV), Low Voltage (LV). Based on Material Type it is segregated into, Aluminum, Copper, Composite. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Analysis by Component
Transformers are probable to dominate the market. Transformers play a important role in electricity transmission, facilitating voltage conversion and retaining grid balance. As grids go through modernization and expansion, the call for for transformers is anticipated to stay high, specifically with the developing emphasis on smart grids, renewable energy integration, and efficient power distribution.
Capacitors may want to experience fast boom. The growing want for reactive power compensation, grid stabilization, and improved electricity nice drives the demand for capacitors. As renewable electricity assets, consisting of solar and wind, contribute a larger share to the energy blend, capacitors end up essential in managing fluctuations and making sure grid reliability.
Analysis by Material
Copper is probable to dominate the marketplace. Copper has historically been a preferred cloth for strength transmission additives due to its awesome electric conductivity and reliability. Its sizeable use in conductors and different crucial components contributes to its dominance. While aluminum is also extensively used, mainly in overhead transmission strains for its lighter weight, copper's advanced conductivity frequently makes it the material of desire in key additives.
Composite substances should experience fast increase. Composite substances, which include fiber-bolstered polymers, are gaining traction because of their light-weight, excessive energy, and corrosion resistance. These materials offer benefits in phrases of decreasing transmission line sag, enhancing durability, and minimizing protection necessities.
Global Power Transmission Components Market By Component, 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Power Transmission Components Market Regional Insights
Asia-Pacific is probably to dominate the market. Rapid industrialization, urbanization, and infrastructural improvement in countries like China and India had been using massive demand for power transmission additives. Government initiatives to upgrade strength infrastructure and meet growing strength wishes make contributions to the dominance of the Asia-Pacific location.
Africa might be a hastily growing area. As many African nations go through financial improvement and electrification efforts, there is a growing need for strong and giant electricity transmission infrastructure. Investments in renewable electricity projects and efforts to enhance get entry to to strength in underserved regions contribute to the potential for speedy increase inside the electricity transmission components market in Africa.
Global Power Transmission Components Market By Region, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Power Transmission Components Market Dynamics
Drivers
Increasing Modernization of Power Infrastructure
- The continuous growth and modernization of energy infrastructure globally, spurred by means of the increasing call for for power pushed by way of populace boom, urbanization, and industrialization. The integration of renewable strength assets, inclusive of wind and solar, into power grids similarly amplifies the call for for modern-day transmission components able to successfully managing various strength inputs.
Restraints
High Sugar Content and Consumer Spending Constraints
- One of the main marketplace restraints is the high preliminary capital investments for the set up and improve of strength transmission infrastructure pose a good sized barrier, particularly in areas with budgetary constraints. Regulatory complexities and allowing demanding situations can lead to venture delays and preclude the overall pace of development. Additionally, the enterprise contends with the need for continuous advancements in era to fulfill evolving power demands and environmental requirements.
Request Free Customization of this report to help us to meet your business objectives.
Global Power Transmission Components Market Competitive Landscape
The competitive environment of the Power Transmission Components market is dynamic and characterised by using a dynamic interaction amongst key enterprise gamers and emerging market entrants. The enterprise leaders offer a comprehensive portfolio of energy transmission additives, such as transformers, transmission strains, and switchgear. The market is marked by ongoing mergers, acquisitions, and strategic collaborations as corporations try to expand their product offerings and support their global footprint.
Top Player’s Company Profiles
- ABB Ltd.
- Siemens AG
- Schneider Electric SE
- Eaton Corporation PLC
- General Electric Company
- Mitsubishi Electric Corporation
- Hitachi Ltd.
- Emerson Electric Co.
- Rockwell Automation, Inc.
- Itron, Inc.
- Nexans
- NKT A/S
- Prysmian Group
- Terna SpA
- WEG Industries S.A.
- Hubbell Incorporated
- Andritz AG
- Toshiba Corporation
- TE Connectivity Ltd.
- Southwire Company
Recent Developments
- March 2023: Regal Rexnord Corporation (NYSE: RRX) has finalized the acquisition of Altra Industrial Motion Corp. (Nasdaq: AIMC), CEO Louis Pinkham expressed exhilaration approximately welcoming Altra associates to Regal Rexnord and the predicted accomplishments as a united and reinforced team.
- March 2023: IndiGrid India's inaugural indexed strength sector infrastructure funding agree with (InvIT), has successfully concluded the acquisition of 100% ownership and economic stake in KTL from SPTL.
Global Power Transmission Components Key Market Trends
- Rising Integration of Digital Technologies : Rising Integration of Digital Technologies : The increasing integration of virtual technologies and clever grid solutions is a outstanding fashion, improving the performance and reliability of strength transmission infrastructure. There is a growing emphasis on renewable strength integration, riding call for for additives which can accommodate the variety associated with assets like wind and sun.
Global Power Transmission Components Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Power Transmission Components marketplace analysis exhibits a dynamic marketplace with a number of standout tendencies and difficulties. The marketplace is pushed by way of the increasing demand for power, urbanization, and renewable energy integration. However, high preliminary capital requirements and regulatory complexities pose restraints. Product-smart, transformers and smart grid technologies are pivotal.
Regionally, Asia-Pacific dominates because of speedy industrialization, while Africa reveals capability for growth. Key trends encompass the adoption of digital technology, sustainable substances, and advancements in High Voltage Direct Current (HVDC) generation, reflecting the enterprise's dedication to enhancing performance and resilience in energy transmission infrastructure.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 74.12 Billion |
| Market size value in 2031 | USD 160.98 Billion |
| Growth Rate | 9.00% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Power Transmission Components Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Power Transmission Components Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Power Transmission Components Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Power Transmission Components Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Power Transmission Components Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Power Transmission Components Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Power Transmission Components Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
