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"The lack of a sturdy electrification grid in several countries such asIndonesia, the Philippines, Myanmar, Vietnam, and theSarawak region of Malaysia have prompted power utility companies to budget for grid installations and expansions. The electrification expansion programs of utilities in most of these countries are giving a huge boost to the transformers market in the region. "

Renewable energy and hybrid systems for rural electrification

Laboratory evaluation of stand-alone renewable energy products for rural electrification

Light weighting as a strategy to combat emission and mileage targets has carved a niche corner in automotive original equipment manufacturers' (OEMs') and supplier's research and development. Almost all OEMs have been working on ambitious weight reduction strategies to adhere to future regulations. Light weighting has a profound effect as a long-term strategy, as OEMs transit from making ICE-powered vehicles to battery electric and fuel-cell vehicles. Light weighting as a strategy has implications in other industries such as aviation and power generation. This market insight provides insights on the key factors such as emissions, mileage targets, emission test cycles, electrification, urbanization, and cost and their influence on OEM light weighting strategies.

"The traction transformer market in North America is driven by the increase in electrification of railways and high deployment of high speed trains in this region. Also the enhancement in the government spending in rail infrastructure is fostering the growth of the North America traction transformers market."

"Safety-related electrical and electronic systems are an increasingly important aspect of automotive product development - a trend accelerated by the increasing electrification of vehicle architectures and the implementation of new innovations in intelligent transport technologies.

"Geographic regions will vary significantly in their rates of investment. Emerging markets will represent the largest growth in T&D spending, with Africa and Southeast Asia the fastest growing regions as they build out new infrastructure to boost their electrification rates. However, North America and Europe will see lackluster growth in traditional T&D infrastructure spending of around 1%, but will account for the majority of smart grid spending. The individual country with the largest amount of traditional T&D spending will be India, which will outpace China by 2024. Smart grid annual spending on distribution automation will be concentrated in Europe ($11.5bn per year), followed by North America ($7.5bn) and East Asia ($6.1bn), as these regions modernize their existing electric infrastructure."