This report encompasses an overall analysis of the impact that Covid-19 will have on the power grid market of different economies around the world. The influence of Covid-19 has been multi-dimensional, intricate, and far-reaching globally.
Press Release Insights
Commercial & Off-Highway Vehicle market: COVID-19 to affect next 18-24 months for conventional (ICE), but BEV growth remains strong through 2025
Despite COVID, Trucks, Buses, and LCVs continue to be electrified.
GE is relying on its investments in offshore win energy to pay off.
ABB takes massive cost cutting initiatives in the face of Covid-19 and reports a 30% loss in net profit in Q2 of 2020
The company took cost cutting initiatives as early as January 2019, where it reduced the headcount at its corporate offices.
A greater shift towards ester oil distribution transformers from dry type transformers is to be expected – Power Technology Research
Ester oil distribution transformers market to experience a hike as major utilities and industries shift their focus to Green Transformers.