DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/ckz898/global_power) has announced the addition of the "Global Power Products Market 2012-2016" report to their offering.
One of the key factors contributing to this market growth is the increase in industrialization in developing countries. The Global Power Products market has also been witnessing the increase in mergers and acquisitions. However, the lack of effective product differentiation could pose a challenge to the growth of this market.
The key vendors dominating this market space are ABB Ltd., Siemens AG, Schneider Electric SA, and Alstom SA.
The other vendors mentioned in the report are GE Co., Areva SA, Bharat Heavy Electricals Ltd., Megawin Switchgear Pvt Ltd., HPL Group, and C and S Electric Ltd.
Commenting on the report, an analyst from TechNavio's Engineering team said: ''A major trend in the Global Power Products market is the increase in investments in renewable energy. As GHG emission has become a major concern across the world, the governments of several developed and developing countries have taken various initiatives to reduce these emissions. As a result, they have started focusing more on renewable energy sources such as solar and wind energy. In addition, the adoption of renewable energy is expected to increase the demand for circuit breakers and other power products. This equipment ensures the safety, stability, and reliability of the electricity-generating units.''
According to the report, the Global Power Products market is witnessing many growth drivers such as the increase in industrialization in developing countries. Several organizations across various industries are expanding their manufacturing plants, thereby creating significant opportunities for the power products vendors across the globe.
For more information visit http://www.researchandmarkets.com/research/ckz898/global_powe
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