Global Power Generation, Transmission And Control Equipment Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

The Global Power Generation, Transmission And Control Equipment Market Report by The Business Research Company covers power generation, transmission and control equipment market drivers and restraints, power generation, transmission and control equipment market size, major players, and the impact of COVID-19 on the power generation, transmission and control equipment market.

The power generation, transmission and control equipment market consists 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. The power generation, transmission and control equipment market is segmented into transformer, motor and generator, switchgear and switchboard apparatus and relay and industrial controls.

 

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 global power generation, transmission and control equipment market is expected to grow from $450.24 billion in 2020 to $487.7 billion in 2021 at a compound annual growth rate (CAGR) of 8.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $615.02 billion in 2025 at a CAGR of 6%.

 

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Some power generation, transmission and control equipment market trends include the relay and industrial control industry 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.

Global power generation, transmission and control equipment market segments include:

1) By Type: Transformer, Electric Motor And Generator, Switchgear And Switchboard Apparatus, Relay And Industrial Controls.

2) By End User Sector: Private, Public.

Subsegments Covered:
Low Power Transformers (100 MVA to 500 MVA), Medium Power Transformers (501 MVA to 800 MVA), High Power Transformers (801 MVA to 1200 MVA), Electric Motors, Electric Generators, Switchboard, Switchgear, Relays, Industrial Controls.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global power generation, transmission and control equipment market share.

Read More On The Power Generation, Transmission And Control Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030 At:
https://www.thebusinessresearchcompany.com/report/power-generation-transmission-and-control-equipment-global-market-report-2020-30-covid-19-impact-and-recovery

 

The Power Generation, Transmission And Control Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides power generation, transmission and control equipment market overviews, analyzes and forecasts market size, share, power generation, transmission and control equipment market players, power generation, transmission and control equipment market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The power generation, transmission and control equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Power Generation, Transmission And Control Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: Siemens AG, ABB Ltd, Schneider Electric SA, General Electric Corporation, Mitsubishi Electric Corporation.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing
: Data and analysis throughout the report are sourced using end notes.


Strategies For Participants In The power generation, transmission and control equipment Industry:
The report explains a number of strategies for companies in the market, based on industry trends and company analysis.


Opportunities For Companies In The power generation, transmission and control equipment Sector:
The report reveals where the global industry will put on most $ sales up to 2023.


Interested to know more about The Business Research Company?

The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx


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