Power Transmission Components Market
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<strong>Power</strong> <strong>Transmission</strong> <strong>Components</strong> <strong>Market</strong><br />
REPORT DESCRIPTION<br />
<strong>Power</strong> <strong>Transmission</strong> <strong>Components</strong> <strong>Market</strong> - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 -<br />
2023<br />
Consistently Increasing Energy Demand Encourages Adoption of <strong>Power</strong> <strong>Transmission</strong> <strong>Components</strong><br />
The relentlessly increasing demand for energy has been the primary growth driver for the global power transmission<br />
components market, observes Transparency <strong>Market</strong> Research. The hurdles faced by service providers in power<br />
transmission over long distances is yet another factor propelling the adoption of these components in the recent past.<br />
Thus, in an effort to cut down the energy losses through effective transmission of energy and reducing the carbon<br />
footprint is anticipated to increase the deployment of sophisticated transmission components in the coming years. With<br />
these unwavering market drivers, the global power transmission components market is expected to be worth<br />
US$102,574.8 mn by 2023 as compared to US$64,155.6 mn in 2015, expanding at CAGR of 6.0% between 2014 and<br />
2023.<br />
This 99 page report gives readers a comprehensive overview of the <strong>Power</strong> <strong>Transmission</strong> <strong>Components</strong> <strong>Market</strong>. Browse<br />
through 19 data tables and 49 figures to unlock the hidden opportunities in this market @<br />
http://www.transparencymarketresearch.com/power-transmission-components-market.html<br />
It is a well-known fact that modern power transmission components are designed to render long-term savings by<br />
providing uninterrupted power supply. With this backing, governments across the globe are incentivizing installations of<br />
new-age power transmission components to achieve significant energy savings. This move comes as world leaders are<br />
devising ways to achieve economic growth through sustainable means. Furthermore, the need to upgrade the old power<br />
plant infrastructure also has a positive impact on the market. However, the high cost of initial investment is discouraging<br />
power plants from investing in these components.<br />
Government Initiatives to Reduce Carbon Footprint in North America Prove Favorable for Demand<br />
Transparency <strong>Market</strong> Research<br />
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