Microwave Power Transmission Market Regional Analysis:
APAC Market Insights
Asia Pacific industry is expected to hold largest revenue share of 44% by 2035. India has made significant urban progress as more people move there in pursuit of employment opportunities. The rising urban population is expected to increase the consumption of energy in the region, which may drive the demand for microwave power transmission.
Lately, India has a population of around 1200 million people, with over 30% urbanization rate.
North American Market Insights
The North America microwave power transmission market is estimated to hold the second largest of 24%, during the forecast timeframe led by the presence of extreme climatic conditions. Moreover, the world's most extreme weather conditions which includes which include heat waves, cold waves, and significant precipitation or storm events such as tropical cyclones can be found in North America, particularly in the USA. As a result, power disruptions from severe weather have increased over the previous 20 years across the US. This is expected to significantly drive the demand for microwave power transmission to ensure constant energy transmission in such conditions.
