London, 21 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global High Voltage Transmission Systems Market 2014-2018, which is expected to post a CAGR of 9.68 percent during the period 2014-2018.
High Voltage Transmission Systems are made up of all the major equipment used to carry out the entire task of electric power transmission. They mainly comprise HVAC equipment that includes high-voltage switchgear and circuit breakers, FACTS, HVDC transmission equipment, submarine cables, and some parts of substation automation equipment and monitoring.
“Several electric utility and non-utility generators are replacing their conventional equipment such as T&D transformers, switchgears, circuit breakers, and pole and line hardware with advanced technology T&D equipment,” says Faisal Ghaus, Vice President of TechNavio.
“The use of legacy T&D equipment leads to huge power losses, thereby reducing the overall organizational productivity and also increasing the overall operational cost.”
Key Market Drivers
- Demand from Replacement Activities
- Growth in Demand for Electricity
- Demand from Developing Countries
Key Market Trends
- Focus on R&D Activities
- Mergers and Acquisitions
- Adopting New Technology
Key Market Vendors
- ABB Ltd.
- Alstom SA
- GE Energy
- Siemens AG
To define the market circumstances 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%…
