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Follow on Google News |  Electric Power Transmission & Distribution Equipment Market ProspectsBharatbook.com announces a new report on "World Electric Power Transmission & Distribution Equipment" which gives the demand and growth of the electric power transmission and distribution equipment market.
By: Bharat Book Bureau World demand to rise 6.7% annually through 2017 Global demand for electric transmission and distribution equipment is forecast to rise 6.7 percent per year to nearly $178 billion in 2017. Sales growth will accelerate relative to the 2007-2012 period, aided by both continued strong growth in electricity consumption in developing regions and economic recovery in developed countries. China, which accounted for 32 percent of global demand in 2012, will continue to be the largest and fastest growing national market for electric transmission and distribution equipment. Offshore wind turbines market to boost niche demand Offshore wind power installations are becoming increasingly common, especially in the North Sea. Such projects consume a variety of electric transmission and distribution equipment, including power transformers and distribution transformers. Offshore wind projects also commonly are linked to high voltage direct current (HVDC) transmission lines, which consume specialized transformers and advanced switchgear. Industrial, nonutility markets to outpace electric utilities in developed areas At the global level, gains in demand in the key electric utilities market will be similar to gains in the industrial and nonutility generators market. However, these markets will typically exhibit different trends in developed regions than in developing regions. In developed areas, particularly North America and Western Europe, gains are expected to be fastest for industrial and nonutility generators, as independent power producers (IPPs) flourish. In developing regions, investment in large-scale expansion of basic electrification infrastructure will drive above-average gains in the electric utilities market (http://www.bharatbook.com/ Asia/Pacific region to remain fastest growing market The Asia/Pacific region, led by China, will continue to post the fastest gains in consumption of electric transmission and distribution equipment. India and Indonesia will also see rapid increases, ranking second and third, respectively, for projected demand growth through 2017. These countries will benefit from both expansion of basic electrification infrastructure and increased electricity consumption in their industrial and manufacturing sectors. Japan, which held the world’s fourth largest market for electric transmission and distribution equipment in 2012, will see improved gains through 2017, though growth will continue to be well below the regional average. For more information kindly visit : http://www.bharatbook.com/ About Bharat Book Bureau: Bharat Book Bureau is the leading market research information provider for market research reports, company profiles, industry analysis , country reports , business reports, newsletters and online databases Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology. In case the reports don’t match your requirement then we can do a specialized Custom Research for you. Our multifarious capabilities, cross-sector expertise and detailed knowledge of various markets, put us in a unique position to take up Custom Research demands of yourself. Contact us at : Bharat Book Bureau Tel: +91 22 27810772 / 27810773 Toll Free No for USA/Canada : 1-866-279-8368 Call UK +44 7405 208461 Email: Website: Follow us on twitter: https:// Follow us on linkedin : http://www.linkedin.com/ Our Blog : http://blog.bharatbook.com/ End
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