- The key vendors in the global T&D equipment market 2015-2019 are ABB, GE, General Cable Technologies, Schneider Electric and Siemens.
London, 11 September 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global T&D equipment market 2015-2019. Rise in demand for high temperature superconducting cables is one of the major trends emerging in the market. Superconducting cables offer lower transmission losses, lighter weights, and compact dimensions as compared to conventional cables. The global T&D equipment market is expected to grow at a CAGR of 7.24% during the forecast period of 2015-2019.
Rising demand from developing countries such as India and China is one of the major driving forces in the market. Developing countries are seeing growing government spending on infrastructure, which further boosts demand for T&D equipment. Most vendors are focusing on developing countries, especially in APAC, to tap into early market opportunities.
“The growing consumption for electricity is boosting installed power generation capacities, which necessitates the modernization and expansion of existing power transmission networks,” says Faisal Ghaus, Vice President of Technavio Research.
“Developing countries are continuously expanding electrification to meet the growing demand. Such expansion leads to heavy investments in technologically advanced T&D equipment.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
