Global Power Transmission Chains Market by Type (Transformer, Circuit Breaker, Isolator, Insulator, Arrestor, Transmission Line, Transmission Tower), By Application (Commercial, Industrial) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Power Transmission Chains Market size is projected to grow at a CAGR of 3.5% during the forecast period, 2018-2028. The market is driven by factors such as increasing demand for electricity and growing need for power generation & transmission infrastructure in emerging economies amongst others.

Power transmission chains are used in various industrial applications. These circuits use power transmission, feeder busbar, and distribution boards to transfer electric power from one point to another. The major end-users of these products include railroads, utilities, energy companies among others. Power transmission chains are used to provide electricity from the power generation plant to the consumer. These types of electrical chains consist of a group of conductors and insulators that transmit electric current through them as per demand.

On the basis of Type, the global power transmission chains market is segmented into transformer, circuit breaker, isolator, and insulator among others.

Transformer:

The transformer type of power transmission chain is the most commonly used type. It helps in converting high-voltage electricity to a lower voltage for further distribution. Transformers can be oil-cooled or air-cooled and are either single-phase or three-phase. The main types of transformers are: Distribution transformers, which are used to step down the voltage of electricity for distribution and Power transformers or generators, which are used to bring up high-voltage power.

Circuit Breaker:

Circuit breaker type of power transmission chains consists of a triggering mechanism for interrupting the circuit due to excessive current or voltage. The most common types are thermal and magnetic, where in general it is an advantage if these two triggers have different characteristics so that they do not trigger at the same time. This gives more reliable protection from short-circuit currents. They help in automatically breaking the circuit so that the equipment does not get damaged. These chains also have a number of other features such as voltage regulation, overcurrent protection, and harmonic filtering. This helps in improving the performance of the system and also protects it from any damages.

Isolator:

An isolator is a device used to electrically isolate two or more parts of an electrical circuit from each other. An isolator allows current to flow in only one direction and blocks the flow of current in the opposite direction. They are commonly used in switches, relays, and circuit breakers. There are two types of isolators: electromechanical and electrical. Electromechanical isolators use a physical barrier such as a spring-loaded arm to block the current. Electrical isolators use an electronic circuit to block the current.

Insulator:

Insulator type of power transmission chains is used to protect the conductor from physical and electrical contact with other objects. They are also used as a means of insulation between two conductors. The most common insulators used in electrical power transmission are porcelain, glass, and plastic. They are made up of porcelain, polymer, and glass. These insulators have high resistance to electric current and voltage surge. They also have high mechanical strength which makes them suitable for outdoor applications. The other features of these insulators include low cost, easy installation, and corrosion resistance.

On the basis of Application, the global power transmission chains market is segmented into commercial and industrial.

Commercial:

Commercial application of power transmission chains is in the form of electricity for various commercial purposes such as street lighting, railways, airports, and others. In addition, these chains are also used in large office buildings, hospitals, and retail stores. Commercial establishments use a large amount of power to run their operations and require an uninterrupted supply of electricity. Hence, the installation of power transmission chains is a must to ensure a continuous flow of electricity.

Transmission:

Power transmission chains are used in industries such as the manufacturing industry, automotive and transportation sector, etc. for various applications that include cranes & hoists, conveyor belts, and drive systems of vehicles. These industries use power transmission chains to link different components together so they can transfer motion from one part to another. In the automotive and transportation sector, power transmission chains are used in engines, transmissions, steering systems, and brake systems. They help to transmit power from the engine to the wheels of a vehicle and allow it to move forwards or backward. In the manufacturing industry, they are used in machines such as lathes, mills, and stamping presses to transmit motion between the driveshaft and the workpiece.

On the basis of Region, the global power transmission chains market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In North America, the market status of power transmission chains is promising as major countries such as the U.S., Canada and Mexico are investing significant capital in upgrading their infrastructure to meet the increasing demand for energy sources along with the growing population across different regions. In 2021, Asia Pacific is expected to dominate the market with the highest share. The growth of this region can be attributed to the increasing demand for electricity and rising investments in power transmission infrastructure. The power transmission chains market in the Middle East & Africa is expected to grow at a CAGR of over 11% during the year 2022. The market is expected to be dominated by the Transformer type segment, followed by the Circuit Breaker and Isolator segments. The Transmission Line and Tower segments are also expected to grow at a significant rate during the forecast period.

Growth Factors For The Global Power Transmission Chains Market:

The key factor that drives the power transmission chains market is surging demand from end-use industries such as oil & gas, petrochemicals, and chemicals. In addition, growing electricity consumption in residential housing due to the higher disposable income of consumers further fuels the global power transmission chains market over the forecast period. Other growth factors include the increasing demand for electric vehicles and renewable energy sources.

Up Market Research published a new report titled “Power Transmission Chains Market research report which is segmented by Types (Transformer, Circuit Breaker, Isolator, Insulator, Arrestor, Transmission Line, Transmission Tower), By Applications (Commercial, Industrial), By Players/Companies Toshiba, ABB, Raton, Siemens, Crompton Greaves, General Electric, Hitachi, Schneider, Mitsubishi, Hyundai, BHEL, Emerson, ZTT, L&T, Tebian Electric, Apar, Sterlite, KEC International, SAE, Aster”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Power Transmission Chains Market Report Segments:

The market is segmented by Type Transformer, Circuit Breaker, Isolator, Insulator, Arrestor, Transmission Line, Transmission Tower and By Application Commercial, Industrial.

Some of the companies that are profiled in this report are:

1. Toshiba
2. ABB
3. Raton
4. Siemens
5. Crompton Greaves
6. General Electric
7. Hitachi
8. Schneider
9. Mitsubishi
10. Hyundai
11. BHEL
12. Emerson
13. ZTT
14. L&T
15. Tebian Electric
16. Apar
17. Sterlite
18. KEC International
19. SAE
20. Aster

Power Transmission Chains Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Power Transmission Chains Market

Overview of the regional outlook of the Power Transmission Chains Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Power Transmission Chains Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Power Transmission Chains Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Transformer

                2. Circuit Breaker

                3. Isolator

                4. Insulator

                5. Arrestor

                6. Transmission Line

                7. Transmission Tower

                1. Commercial

                2. Industrial

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Power Transmission Chains Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Power Transmission Chains Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.