Electric Power Transmission and Distribution Equipment Market Expected To Reach 154 $Billion By 2020 With A CAGR of 4.3% Over 2016-2020

Date: 2016-09-12

Urbanization drives the growth of global Electric Power Transmission and Distribution Equipment Market. 

Even though over past several years, the downturn in economy’s growth across the world led to a sharp fall in electricity demand and Electric Power Transmission and Distribution Equipment sales in the last few years. However, as the global economy recovers so will the demand for electrical transmission and distribution equipment. 

According the research, global Electric Power Transmission and Distribution Equipment Market Expected to Reach 154 $Billion by 2020 With A CAGR of 4.3% Over 2016-2020. The Asia is expecting the hold the position of the fast growing market across the world as its positive economy and expansion of urbanization, such as in China, Vietnam, Malaysia and other Southeast Asian countries.

How the Electric Power Transmission and Distribution works
The process of electricity transmission and distribution encompasses everything between a generation plant and a residential or commercial electricity end user. The transmission of electricity involves high voltage bulk transfer of electrical power from power plants to substations, after which the electricity is distributed to consumers through lower voltage lines, transformers and other equipment.

Electric Power Transmission and Distribution Equipment market share by region as following:

electric-power-transmission-and-distribution-equipment

Read Full Report:  http://www.gosreports.com/global-electric-power-transmission-and-distribution-equipment-industry-2015-market-research-report-2/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 001-510-400-8520
Web: www.gosreports.com
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