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Home>Global T&D Equipment Market 2017-2021: Increased Demand for Power Generation - Research and Markets

Global T&D Equipment Market 2017-2021: Increased Demand for Power Generation - Research and Markets

Global T&D Equipment Market 2017-2021: Increased Demand for Power Generation - Research and Markets

10/05/2017

Global T&D Equipment Market 2017-2021: Increased Demand for Power Generation - Research and Markets

The "Global T&D Equipment Market 2017-2021" report has been added to Research and Markets' offering.

The global T&D equipment market is forecast to grow at a CAGR of 6.90% during the period 2017-2021.

The report, Global T&D Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

The latest trend gaining momentum in the market is the growing focus on energy efficiency. Energy efficiency requires energy to be used efficiently throughout the energy chain from production to consumption. In a power grid, the power, in terms of quantity received, is always lower than the power produced at source, this is due to thermal losses owing to electrical resistivity and conductivity of the transmitting material.

According to the report, one of the major drivers for this market is the increased demand for power generation. The demand for power has increased exponentially all over the globe, driven by increasing population and rapid urbanization and industrialization. There has been a substantial increase in the rate of urbanization with urban population exceeding rural population for the first time back in 2007. Since then, the rural to urban migration has been steady.

Key vendors

  • ABB
  • General Cable Technologies
  • Nexans
  • Prysmian
  • Siemens

Other prominent vendors

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