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Power Generation, Transmission And Control Manufacturing Global Market Report 2019

Starting Price : $ 4000.00 | Pages : 300 | Published : January 2019 | SKU CODE : 5266 | Format :


Power Generation, Transmission And Control Manufacturing Market Characteristics

The power generation, transmission and control manufacturing market consist of sales of power generation, transmission and control equipment by entities (organizations, sole traders and partnerships) that produce power, distribution, and specialty transformers; electric motors, generators, and motor generator sets; switchgear and switchboard apparatus; relays; and industrial controls.

Competitive Landscape of the Power Generation, Transmission And Control Manufacturing Market

Major players in the global power generation, transmission and control manufacturing market include Siemens AG, ABB Ltd, Schneider Electric SA, General Electric Corporation, Mitsubishi Electric Corporation.

Power Generation, Transmission And Control Manufacturing Market Size

The power generation, transmission and control manufacturing market size is expected to reach $500 billion by 2022, significantly growing at a CAGR of around 4.5% during the forecast period. The growth in the power generation, transmission and control manufacturing market is due to increase in investments in this sector in recent years and increasing market demand.

However, the market for power generation, transmission and control manufacturing is expected to face certain restraints from several factors such as rising costs and decreasing margins and increasing government regulations.

Power Generation, Transmission And Control Manufacturing Market Segmentation

The global power generation, transmission and control manufacturing market is further segmented based on type and geography.
By Type - The power generation, transmission and control manufacturing market is segmented into transformer manufacturing, motor and generator manufacturing, switchgear and switchboard apparatus, relay and industrial control manufacturing among these segments, the transformer manufacturing market accounts for the largest share in the global power generation, transmission and control manufacturing market.
By Geography - The global power generation, transmission and control manufacturing is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global power generation, transmission and control manufacturing market.
Trends in the Power Generation, Transmission And Control Manufacturing Market
The relay and industrial control industry is increasingly adopting SCADA (Supervisory control and data acquisition) systems to enhance process efficiency and productivity. SCADA systems are used to remotely control industrial processes such as power generation, fabrication and refining through coded signals over cloud channels. The applications of these SCADA systems is expected to rise mainly due to their scalability, ease of upgrading, emergence of global smart grid projects and increased use of cloud technologies. The market is also benefitting from high demand for energy and renewable resource projects. The SCADA systems market is estimated to grow at a CAGR of 7.2% from 2014 to 2020. Potential Opportunities in the Power Generation, Transmission And Control Manufacturing Market With increase in economic growth and rising demand of power generation the scope and potential for the global power generation, transmission and control manufacturing market is expected to significantly rise in the forecast period.

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