DUBLIN, Dec. 10, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/b42c6m/global_tandd) has announced the addition of the "Global T&D Equipment Market 2015-2019" report to their offering.
The global T&D equipment market to grow at a CAGR of 8.28% over the period 2014-2019
The report presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market. The market includes three product segments: power cable, switch gear and control gear, and transformers. To calculate the market size and vendor share, the report considers the revenue generated from the sales of these products. In addition, the report discusses the major drivers influencing market growth and the challenges faced by vendors and the market as a whole.
Copper windings, electrical steel, oil, and insulation materials are the major raw materials used to manufacture transformers. These account for more than 50% of the total cost of large power transformers. Of these, copper windings and electrical steel together constitute more than 40% of the total cost of a transformer. The declining prices of these two raw materials should reduce manufacturing costs, which in turn will likely ease costs for end-users such as utilities, industrial, and commercial.
According to the report, surging industrialization in developing countries such as India, China, Brazil, Russia, and South Africa is one of the major driving forces in the T&D equipment market. We expect the rising pace of industrialization and urbanization to drive demand for electricity worldwide. The growing appetite for electricity is also boosting installed power generation capacities, which necessitates the modernization and expansion of existing power transmission networks.
Further, the report states that the low scope for product differentiation in T&D equipment lowers the bargaining power of manufacturers in the market, and many vendors are trying to offer reliable equipment at cheaper rates to stay ahead of the competition.
- General Cable Technologies
- General Electric
- Schneider Electric
Other prominent vendors
- Bharat Heavy Electricals
- Furukawa Electric
- General Electric
- Larsen & Toubro
- LS Cable & Systems
- Sumitomo Electric Industries
- Zhejiang Chint Electrics
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
Part 15: Appendix
For more information visit http://www.researchandmarkets.com/research/b42c6m/global_tandd
Laura Wood, +353-1-481-1716, email@example.com
SOURCE Research and Markets