DUBLIN--(BUSINESS WIRE)--The "Global Medium Voltage Transformer Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
With urbanization, growing population, and increasing per capita income particularly in emerging countries, coupled with technological advancements in the electronic equipment industry, the demand for power is increasing, and requirements for the electricity are changing. This has forced utility companies to renovate and transform their existing transmission network and also expand the transmission and distribution network.
During 2006-2016, the share of Asia-Pacific in total global power generation has increased from 33.7% to 43.9%. China, India, Indonesia, and South Korea are the major drivers of the power generation growth. The power generation growth is a result of increasing power demand supported by the growing industrial sector, growing population, urbanization, and increasing middle class in the region, particularly in the emerging countries. Many of the emerging countries cannot meet the domestic electricity demands.
Dubai is hosting the World Expo event, to be held in 2020. The construction projects related to Expo 2020 gained complete momentum during 2017. Dubai is considered one of the most stable markets in the region. Expo 2020 is expected help attract more Foreign Direct Investment, particularly in the construction sector. It is estimated that Expo 2020 project will create about 300,000 direct jobs and hence, a large influx of immigrants is expected to fill the required workforce, which in turn is expected to drive the demand for residential construction projects. Another driver for the construction market in the country is oil price recovery. Government spending dominates the construction industry in the country.
- Schneider Electric
- General Electric
- CG Power and Industrial Solutions Limited
- Emerson Electric Co.
- Hammond Power Solutions
- Mitsubishi Electric Corporation
- Siemens Industry Inc.
- Eaton S.A.Solar Technology AG
- Kirloskar Electric Company
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Market Dynamics
5. Value Chain Analysis
6. Industry Attractiveness - Porter's Five Force Analysis
7. Market Segmentation and Analysis
8. Regional Market Analysis
9. Key Company Analysis
10. Competitive Landscape
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