Key players in EHV transmission market are General Electric Company (U.S.), Hitachi Ltd. (Japan), Siemens (Germany), ABB Ltd. (Switzerland), Mitsubishi Electric (Japan), among others
(PRWEB) August 24, 2014
EHV Transmission Market report defines and segments the "EHV Transmission Market by System and Geography - Global Trends & Forecasts to 2019", into systems and geography with analysis and forecasts of the global revenue. The global EHV transmission market is estimated to grow from over $10 billion in 2014 to nearly $14 billion by 2019 at a CAGR of over 5%.
Browse 49 Market Tables and 10 Figures Spread Through 220 Pages On "EHV Transmission Market - Global Trends & Forecasts to 2019"
Early buyers will receive 10% customization on reports.
The increase in the demand for electricity in almost all the major regions has increased the EHV transmission market for long distances with higher voltage level.
Currently, Asia-Pacific is the largest market due to the rise in population, demand for electricity in industrial and commercial sectors, and increase in disposable income. This market is growing and will maintain its status until 2019. The Middle East & Africa holds the second position in the EHV transmission market.
Increase in power generation capacity, modernization of grids, increase in power demand, and low power transmission losses have accelerated growth and boosted production process, resulting in higher revenue growth.
Asia-Pacific and Americas are the biggest markets for EHV transmission. The leading players of the EHV transmission market are General Electric Co. (U.S.), Hitachi Ltd. (Japan), Siemens (Germany), ABB Ltd. (Switzerland), and Mitsubishi Electric (Japan).
Continuous increase in demand for power and government incentive policy to reduce carbon emissions have further boosted the EHV market and created new revenue opportunity for the companies. These revenue pockets are further complemented by the emergence of new safer and more efficient technological enhancements.
Asia-Pacific is expected to exhibit a high growth in the EHV transmission market. Apart from the region mentioned above, other areas are also expected to demonstrate significant movement in the forecast period of the market, which is from 2014 to 2019.
The report analyzes and projects the EHV transmission market by system and geography. The EHV transmission market by system includes transmission line equipment: transmission towers and substation: transformers. The market by geography includes Asia-Pacific, Europe, the Middle East and Africa, and Americas.
The report also includes market share, supply chain and value chain analyses, Porters Five Forces analysis, and market metrics such as drivers, restraints, burning issues, winning imperative, and opportunities. In addition, it presents a competitive landscape and company profiles of the 10 key players in the market that include major companies of the EHV transmission market.
General Electric is a market leader and has a strong presence globally, in terms of revenue generation. The company generated $146.1 billion in 2013.
The innovative technological ability and strong product line-up keeps Hitachi Ltd. ahead in the market. The company’s technology, growth strategy, products and services, coupled with strong brand name, provide it an edge over other competitors. The company continues to enhance its technology and increase business revenue by signing contracts. In 2013, the company’s revenue was worth $109 billion.
Siemens is a major player and has a strong brand positioning in the field of manufacturing and supply of EHV transmission. With the help of its strong distribution network, the company has positioned itself ahead of all its competitors. The company is targeting high growth through mergers and acquisition, joint ventures, and signing contracts with some of the major players of equipment supply.
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