The
power generation, transmission and control manufacturing market includes
companies manufacturing motors and generators, power, distribution and
specialty transformers, relay and industry control and switchgears and
switchboards.
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The
power generation, transmission and control manufacturing market is valued at
$433 billion in 2017 due to the growth in renewable power generation and
increasing investments in transmission infrastructure. Asia Pacific was the
largest region in the power generation, transmission and control manufacturing
market in 2017, accounting for almost half of the market share.
The
global power generation, transmission and control manufacturing market in The
Business Research Company’s report is segmented into switchgear &
switchboard apparatus; motor & generator; relay and industrial control and
power, distribution, and specialty transformer. While the first two segments
account for almost 75% of the market share, the remaining is attributed to the
relay and industrial control and power, distribution, and specialty transformer
segments.
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China
was the largest country in the power generation, transmission and control
manufacturing market in 2017, accounting for almost one-third of the market
share. China was followed by Germany and the USA.
Siemens
AG was the largest competitor in the power generation, transmission and control
manufacturing market in 2017, followed by ABB Ltd and Schneider Electric S.A.
Siemens AG is headquartered in Munich, Germany. It is a technology company with
operations in the fields of power generation, automation, medical technology,
railways, building technologies and others.
About The Business Research Company.
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Business Research Company is a Business Intelligence Company which excels in
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