Power Transmission Components Market Is Projected to Reach US $102.6 Bn - 2023
The top five players to have marked their leadership in the global power transmission components market are ABB Group, Mitsubishi Electric Corporation, Eaton Corporation, Siemens, and Emerson Electric Company. The cumulative share of these companies in the market accounted for 61.8% in 2014. The stronghold of these companies is explained by Transparency Market Research to be a result of their product innovation that is aimed towards reducing downtime of power transmission systems in end user industries.
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