Thursday 9 April 2015, Amsterdam
The new report recognizes the following companies as the key players in the Global High Voltage Transmission System Market: ABB Ltd., Alstom SA, GE Energy and Siemens AG.
Other Prominent Vendors in the market are: Adani Power, American Electric Power, BHEL, Crompton Greaves, Eaton, Hyosung, Mitsubishi Electric, Schneider Electric, Toshiba and Xian Electric.
Commenting on the report, an analyst from the report's team said: “One of the major trends in this market is the focus on R&D activities. Several organizations involved in the business of electric power transmission prefer innovative high-voltage equipment over conventional equipment to improve their organizational efficiency and also to reduce power transmission losses.”
According to the report, one of the main drivers of the market is the demand from replacement activities worldwide. With existing age-old infrastructure becoming a major concern, it drives the need for replacement activities. This in turn drives the demand for high-voltage transmission systems across the world.
Further, the report states that one of the main challenges in this market is the need for effective product differentiation. There is limited product differentiation in a situation of heavy price wars among the existing competitors in the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.