LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global T&D equipment market 2017-2021 report. This market research report also lists 29 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the degree of competition within the global T&D equipment market varies according to the operating segments and product lines offered by market vendors. However, in general, T&D equipment manufacturing industry is mature and cost driven. The primary competitive factors for products vary across different product categories. However, the primary aspects influencing competition include price, quality, the range of products, inventory, delivery time, customer service, the environmental impact of the products, and the ability to meet customers' requirements.
“The presence of well-diversified international, regional, and local vendors characterizes the market. At present, several local and regional vendors provide high-tech, highly customized products at relatively economical prices compared with that of international vendors. Although several new vendors are foraying into the market, they find it difficult to compete with existing vendors in terms of quality, features, functionalities, and services,” says Thanikachalam Chandrasekaran, a lead power research analyst from Technavio.
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Technavio market research analysts identify the following key vendors:
ABB provides automation and power technologies to diverse industries including utilities, transport, and infrastructure. It offers low-voltage circuit breakers, switches, control products, automation and distribution enclosures, installation materials, and wiring accessories to protect and secure electrical equipment and installations from electrical overload. It serves residential and commercial contractors, rail equipment manufacturers, manufacturing companies, process industries, and renewable energy suppliers.
General Cable Technologies
General Cable Technologies is one the prominent players in the power cables market. The company provides a broad range of cable wires such as portable and temporary power cords and cord sets products. It also offers multi-conductor controls and power cables, low-voltage power cables, medium-voltage industrial cables in the range of 2.4 kV to 35 kV, and industrial automation cables. The company serves key markets such as commercial, electric utilities, industrial, telecommunications, governments, OEMs, electrical and communications, and retail.
Nexans offers an extensive range of cables and cabling systems for power transmission, energy, and communication networks, besides building and construction. It is one of the major players in the power cables market. The company provides outdoor energy cables such as low voltage (LV) underground power cables, medium-voltage (MV) underground power cables, land high-voltage (HV) cables, overhead lines, and submarine MV cables. Its cables are used in applications such as fire safety engineering systems, energy networks with sudden load changes in residential or industrial areas, and for installation underground in ducts.
Prysmian manufactures and supplies power cables in the global T&D equipment market. The company designs, produces, distributes, and installs cables and systems for the transmission of power at low, medium, and high voltages. For the telecom industry, the company manufactures all types of copper and fiber cable systems, and accessories for video and data transmission. It offers a broad range of power cables such as low-voltage cables, medium-voltage cables, high-temperature overhead lines, sector and main cables, submarine systems, and underground systems.
Siemens in the global T&D equipment market offers medium-voltage switchgears that include air-insulated switchgear for primary and secondary distribution systems and GIS for secondary and primary distribution systems. It also offers low-voltage switchgear products that include standard low-voltage switchgear, arc resistant low-voltage switchgear, smart low-voltage switchgear, and low-voltage switchgear arc flash hazard solutions.
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