DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Top 10 High & Medium Voltage Products Market - Global Forecast to 2021" report to their offering.
Top 10 high voltage and medium voltage Products market is expected to reach USD 320.53 billion by 2021.
The demand for top 10 high voltage and medium voltage products can be directly linked to the development of generation, transmission and distribution infrastructure. The demand for these products is also driven by growth in renewable power generation and upgradation of old power infrastructure. However, factors such as fluctuating raw material prices and increasing competition from unorganized sector could restrain the market growth. On the other hand, adoption of smart grid technology and growth of offshore wind farms represent promising growth opportunities for the market.
In terms of market, by type of medium voltage product, the ring main unit market is expected to grow at the fastest pace during the forecast period. Developing countries such as Brazil and India offer high growth opportunities to the suppliers of ring main units. These regions have capacity addition plans due to continuously increasing electricity demand. Apart from that, factors such as growing share of renewable sources in the power generation mix and demand for uninterrupted power from the transport sector would impart growth in the ring main unit market.
- Abb Ltd.
- Bharat Heavy Electricals Limited
- Crompton Greaves Limited
- Eaton Corporation Plc.
- General Cable Corporation
- General Electric
- Hitachi Limited
- Hyundai Heavy Industries Co., Ltd.
- Mitsubishi Electric Corporation
- Nexans S.A.
- Nkt Cables
- Prysmian S.P.A
- Schneider Electric
- Siemens Ag
Key Topics Covered:
2 Research Methodology
3 Executive Summary & Premium Insights
4 High Voltage And Medium Voltage Products Market
5 Competitive Landscape
6 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/zjzdth/top_10_high_and