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Follow on Google News | Global Power Transmission Market: Insights and Forecast with Impact of COVID-19 (2021-2026)The Power Transmission Market has been analysed By Region (Americas, Europe, Asia Pacific, MEA) and By Country (United States, Canada, Mexico, Brazil, Germany, United Kingdom, France, China, Japan, India).
By: Azoth Analytics The major factors driving the market for Power Transmission is the growing urbanization across the world and various initiatives undertaken by governments of various regions to establish home-grown industries where power transmission is necessary. An increasing number of large power infrastructure investments in both developed and developing countries is also one of the major factors amplifying the demand for power transmission. The outbreak of Coronavirus disease (COVID-19) has acted as a significant restraint on the power transmission market in 2020 as demand for utility services from industrial and commercial establishments decreased due to trade restrictions and lockdowns imposed by governments globally. Many manufacturing facilities globally halted operations to contain the spread of the virus among their workforce, thereby limiting the need for utility services such as electricity and wastewater treatment. Scope of the Report
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