TechNavio today launched its report, Global Electric Power Transmission and Distribution Equipment Market 2011-2015, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
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.
Further, the report reveals that one of the main challenges is the lack of product differentiation in the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit www.technavio.com/content/global-electric-power-transmission-and-distrib…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Electric Power Transmission and Distribution Equipment Market 2011-2015
