The Business Research Company’s power
generation, transmission and control manufacturing global market report, covers the year-on-year
growth of the global power
generation, transmission and control manufacturing market
historic and forecast growth. It also includes chapters on the power
generation, transmission and control manufacturing market trends, geographical analysis, and
competitive landscape.
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the report at:
The global power generation, transmission and
control manufacturing market size is expected to reach $500 billion by 2022,
significantly growing at a CAGR of around 4.5% during the forecast period.
Power
Generation, Transmission And Control Manufacturing Market Trends
The
power generation, transmission and control manufacturing market consist of
sales of power generation, transmission and control equipment by entities
(organizations, sole traders and partnerships) that produce power,
distribution, and specialty transformers; electric motors, generators, and
motor generator sets; switchgear and switchboard apparatus; relays; and
industrial controls.
The
relay and industrial control industry is increasingly adopting SCADA
(Supervisory control and data acquisition) systems to enhance process
efficiency and productivity. SCADA systems are used to remotely control
industrial processes such as power generation, fabrication and refining through
coded signals over cloud channels. The applications of these SCADA systems is
expected to rise mainly due to their scalability, ease of upgrading, emergence
of global smart grid projects and increased use of cloud technologies. The
market is also benefitting from high demand for energy and renewable resource
projects. The SCADA systems market is estimated to grow at a CAGR of 7.2% from
2014 to 2020.
The global power generation,
transmission and control manufacturing market is primarily driven by rise in
disposable income, increase in investments in this sector in recent years and
increasing market demand.
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a sample of the report:
The global power generation, transmission
and control manufacturing market report covers the following regions under the geographical
analysis section: Asia Pacific, Western Europe, North America, Middle East,
Africa, South America, and Eastern Europe. Major countries under each of these
regions are also covered under the country analysis chapters.
With increase in economic growth and rising
demand of power generation, the global power generation, transmission and
control manufacturing market is expected to increase in potential and scope.
TBRC’s report also covers the power generation, transmission and control
manufacturing drivers and restraints in the market.
The global power generation,
transmission and control manufacturing market’s segment shares in each geographic
region are mentioned in the report, along with the historic and forecast growth
rates for each segment presented visually with supporting reasons to justify
the growth rates.
The top companies included in the global power
generation, transmission and control manufacturing market report are Siemens
AG, ABB Ltd, Schneider Electric SA, General Electric Corporation, Mitsubishi
Electric Corporation.
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