TechNavio recognizes the following companies as the key players in the Global Power Products Market: ABB Ltd., Siemens AG, Schneider Electric SA, and Alstom SA.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”A major trend in the Global Power Products market is the increase in investments in renewable energy. As GHG emission has become a major concern across the world, the governments of several developed and developing countries have taken various initiatives to reduce these emissions. As a result, they have started focusing more on renewable energy sources such as solar and wind energy. In addition, the adoption of renewable energy is expected to increase the demand for circuit breakers and other power products. This equipment ensures the safety, stability, and reliability of the electricity-generating units.”
According to the report, the Global Power Products market is witnessing many growth drivers such as the increase in industrialization in developing countries. Several organizations across various industries are expanding their manufacturing plants, thereby creating significant opportunities for the power products vendors across the globe.
Further, the report states that one of the major challenges in this market is the lack of product differentiation. The Global Power Products market is home to several local and regional vendors that provide similar products at competitive prices. This forces the vendors to differentiate their products so that they can gain a competitive edge in the market.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are GE Co., Areva SA, Bharat Heavy Electricals Ltd., Megawin Switchgear Pvt. Ltd., HPL Group, C and S Electric Ltd.
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 https://www.technavio.com/content/global-power-products-market-2012-2016
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 Power Products Market 2012-2016
