Research and Markets Adds Report: Global Electric Power Transmission and Distribution Equipment Market 2011-2015
Jan 18, 2013 (Close-Up Media via COMTEX) --
Research and Markets has announced the addition of the "Global Electric Power Transmission and Distribution Equipment Market 2011-2015" report to its offerings.
In a release, Research and Markets noted that report highlights include:
TechNavio's analysts forecast the Global Electric Power Transmission and Distribution Equipment market to grow at a CAGR of 4.75 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increase in industrialization in developing countries. The Global Electric Power Transmission and Distribution Equipment market has also been witnessing the emergence of smart grids. However, the lack of product differentiation could pose a challenge to the growth of this market.
The key vendors dominating this market space are ABB, Siemens AG, GE Co., and Schneider Electric SA.
The other vendors mentioned in the report are Alstom Grid, Xian Electric Engineering Co., Actuant Corp., Bharat Heavy Electricals, EMCO, IMP Power, Voltamp Transformer, Hubbell Inc., and Acme Electric Corp.
Commenting on the report, an analyst from TechNavio's Engineering team said: ''The Global Smart Grid market is expected to increase tremendously by 2015. The smart grid system incorporates the latest communication technology and IT to integrate the various components of a power grid such as transformers, generating stations, and distribution facilities. Smart grids ensure a consistent supply of electrical power to meet the overall demand for electricity. They also have intelligent functions that help reduce the overall greenhouse gas (GHG) emissions and improve energy efficiency. In addition, the implementation of smart grids gives rise to a variety of new services and industries, thereby generating a demand for electric power transmission and distribution (TandD) equipment. Thus, the emergence of smart grids leads to the growth of the Global Electric Power TandD Equipment market.''
According to the report, one of the main drivers is the increase in industrialization in developing countries. The increase in industrialization in countries such as India and China leads to demand for electricity.
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