Electrical Equipment Market Analysis, Demand, Size and Forecasts to 2020

Technavio Announces the Publication of its Research Report Global Electrical Equipment Market for Power Distribution Industry 2016-2020

Technavio recognizes the following companies as the key players in the global electrical equipment market for power distribution industry: ABB, Eaton, Emerson Electric, Schneider Electric, and Siemens.

Other Prominent Vendors in the market are: Aggreko, Carling Technologies, General Electric, Honeywell, Universal Electric, and 3M.

Browse full report with TOC@ https://marketreportscenter.com/reports/388361/global-electrical-equipment-market-for-the-power-distribution-industry-2016-2020

Commenting on the report, an analyst from Technavios team said: One of the key trends for market growth will be the delay in commissioning of power projects in India. India has a large scope for upgrading distribution networks, as the country’s T&D and AT&C losses is one of the highest in the world. India's AT&C losses stand at 22.7% and T&D losses stand at about 21.46%. Though the government had launched several schemes such as IPDS and R-APDRP in the past, implementation of power projects is delayed due to delay in transmission and sub-transmission projects. These projects are delayed due to various reasons such as the need for environmental clearances, land acquisitions, signing of PPAs, and the high cost of finance. In addition, the DISCOMs in India are not financially strong, which is one of the key reasons for implementation of projects. Distribution is considered to be the weakest link in the value chain, with DISCOM losses mounting upto $64 billion as of March 2015. The delay in commissioning of projects or hindrances at various stages will affect the revenues of companies that are involved in the contracts.”

According to the report, growing implementation of smart grid technology will be a key driver for market growth. The global electricity sector is transforming from centralized power generation to decentralized distributed...