What is the size of the Global Power Transmission Equipment Market?

The Global Power Transmission Equipment Market was valued at USD 229 billion in 2023 and is projected to reach a market size of USD 342.06 billion by the end of 2030. Over the forecast period of 2024-2030, the market is estimated to grow at a CAGR of 5.9%.

What are the Global Power Transmission Equipment Market drivers?

The growing urbanization is propelling the Global Power Transmission Equipment Market.

What are the segments under the Global Power Transmission Equipment Market?

Global Power Transmission Equipment Market is segmented based on Product, Sales Channel, and Region.

Which is the most dominant region for the Global Power Transmission Equipment Market?

Asia-Pacific is the most dominant region for the Global Power Transmission Equipment Market.

Who are the leading players in the Global Power Transmission Equipment Market?

ABB Ltd., Mitsubishi Electric, Larsen & Turbo, Schneider Electric, Siemens, and Kirloskar Group are a few of the key players operating in the Global Power Transmission Equipment Market.