The global electric transmission and distribution equipment market is expected to reach an estimated $312.8 billion by 2026, with a compound annual growth rate (CAGR) of 4,8% over this period, according to a recent report. But like every other industry, this one too is a subject of disruption.
Until recently, the original equipment manufacturers (OEMs) took care of everything from conveyors to automated storage and stretch wrapping equipment. They were the ones that chose the power transmission equipment needed for a specific job and assured that the equipment was reliable and cost-effective. Therefore, business owners or managers did not have much to do with it. Let’s be honest: what you need to do is just turn on the power transmission equipment. After that, it runs by itself. Continuously. Easy for you, right?
But some trends have begun to conquer this market. And even though the operating specifics haven’t changed, some major shifts are prone to change the power transmission equipment as we used to know it. Let’s have a look at three of them.
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