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Electricity Transmission and Distribution Equipment-Global Market Insights and Sales Trends 2025
Synopsis
Electricity Transmission and Distribution systems consist of many devices used in power transmission and distribution. Such devices include switchgears, transformers, Transmission Tower, Power Cables and Wires and so on.
The global Electricity Transmission and Distribution Equipment market size is expected to reach US$ 42960 million by 2029, growing at a CAGR of 4.4% from 2023 to 2029. The market is mainly driven by the significant applications of Electricity Transmission and Distribution Equipment in various end use industries. The expanding demands from the Residential, Industrial and Agriculture, Commercial and Other, are propelling Electricity Transmission and Distribution Equipment market. Transformers, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Switchgears segment is estimated at % CAGR for the next seven-year period.
Global Electricity Transmission and Distribution key players include West Europe, North America, Far East and Southeast Asia, Latin America, India Peninsula, etc. Global top five players hold a share about 60%.
Western Europe is the largest market, with a share about 20%, followed by North America and Far East and Southeast Asia, having a total share about 30 percent.
In terms of product, Power Cables and Wires is the largest segment, with a share about 20%. And in terms of application, the largest application is Indutrial and Agiculture, followed by Residential and Commercial.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electricity Transmission and Distribution Equipment, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electricity Transmission and Distribution Equipment market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electricity Transmission and Distribution Equipment market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electricity Transmission and Distribution Equipment sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electricity Transmission and Distribution Equipment covered in this report include ABB, SIEMENS, Alstom, Schneider, TOSHIBA, GE, Hitachi, Fuji Electric and Mitsubishi Electric, etc.
The global Electricity Transmission and Distribution Equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
SIEMENS
Alstom
Schneider
TOSHIBA
GE
Hitachi
Fuji Electric
Mitsubishi Electric
TBEA
China XD Group
SYOSUNG
Global Electricity Transmission and Distribution Equipment market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electricity Transmission and Distribution Equipment market, Segment by Type:
Transformers
Switchgears
Transmission Tower
Power Cables & Wires
Others
Global Electricity Transmission and Distribution Equipment market, by Application
Residential
Industrial and Agriculture
Commercial
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electricity Transmission and Distribution Equipment manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electricity Transmission and Distribution Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Electricity Transmission and Distribution systems consist of many devices used in power transmission and distribution. Such devices include switchgears, transformers, Transmission Tower, Power Cables and Wires and so on.
The global Electricity Transmission and Distribution Equipment market size is expected to reach US$ 42960 million by 2029, growing at a CAGR of 4.4% from 2023 to 2029. The market is mainly driven by the significant applications of Electricity Transmission and Distribution Equipment in various end use industries. The expanding demands from the Residential, Industrial and Agriculture, Commercial and Other, are propelling Electricity Transmission and Distribution Equipment market. Transformers, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Switchgears segment is estimated at % CAGR for the next seven-year period.
Global Electricity Transmission and Distribution key players include West Europe, North America, Far East and Southeast Asia, Latin America, India Peninsula, etc. Global top five players hold a share about 60%.
Western Europe is the largest market, with a share about 20%, followed by North America and Far East and Southeast Asia, having a total share about 30 percent.
In terms of product, Power Cables and Wires is the largest segment, with a share about 20%. And in terms of application, the largest application is Indutrial and Agiculture, followed by Residential and Commercial.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electricity Transmission and Distribution Equipment, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electricity Transmission and Distribution Equipment market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electricity Transmission and Distribution Equipment market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electricity Transmission and Distribution Equipment sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electricity Transmission and Distribution Equipment covered in this report include ABB, SIEMENS, Alstom, Schneider, TOSHIBA, GE, Hitachi, Fuji Electric and Mitsubishi Electric, etc.
The global Electricity Transmission and Distribution Equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
SIEMENS
Alstom
Schneider
TOSHIBA
GE
Hitachi
Fuji Electric
Mitsubishi Electric
TBEA
China XD Group
SYOSUNG
Global Electricity Transmission and Distribution Equipment market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electricity Transmission and Distribution Equipment market, Segment by Type:
Transformers
Switchgears
Transmission Tower
Power Cables & Wires
Others
Global Electricity Transmission and Distribution Equipment market, by Application
Residential
Industrial and Agriculture
Commercial
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electricity Transmission and Distribution Equipment manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electricity Transmission and Distribution Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Electricity Transmission and Distribution Equipment Market Overview
1.1 Electricity Transmission and Distribution Equipment Product Overview
1.2 Electricity Transmission and Distribution Equipment Market Segment by Type
1.2.1 Transformers
1.2.2 Switchgears
1.2.3 Transmission Tower
1.2.4 Power Cables & Wires
1.2.5 Others
1.3 Global Electricity Transmission and Distribution Equipment Market Size by Type
1.3.1 Global Electricity Transmission and Distribution Equipment Market Size Overview by Type (2018-2029)
1.3.2 Global Electricity Transmission and Distribution Equipment Historic Market Size Review by Type (2018-2023)
1.3.3 Global Electricity Transmission and Distribution Equipment Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Electricity Transmission and Distribution Equipment Sales Breakdown by Type (2018-2023)
1.4.2 Europe Electricity Transmission and Distribution Equipment Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Electricity Transmission and Distribution Equipment Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Electricity Transmission and Distribution Equipment Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Electricity Transmission and Distribution Equipment Sales Breakdown by Type (2018-2023)
2 Global Electricity Transmission and Distribution Equipment Market Competition by Company
2.1 Global Top Players by Electricity Transmission and Distribution Equipment Sales (2018-2023)
2.2 Global Top Players by Electricity Transmission and Distribution Equipment Revenue (2018-2023)
2.3 Global Top Players by Electricity Transmission and Distribution Equipment Price (2018-2023)
2.4 Global Top Manufacturers Electricity Transmission and Distribution Equipment Manufacturing Base Distribution, Sales Area, Product Type
2.5 Electricity Transmission and Distribution Equipment Market Competitive Situation and Trends
2.5.1 Electricity Transmission and Distribution Equipment Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Electricity Transmission and Distribution Equipment Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Electricity Transmission and Distribution Equipment as of 2022)
2.7 Date of Key Manufacturers Enter into Electricity Transmission and Distribution Equipment Market
2.8 Key Manufacturers Electricity Transmission and Distribution Equipment Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Electricity Transmission and Distribution Equipment Status and Outlook by Region
3.1 Global Electricity Transmission and Distribution Equipment Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Electricity Transmission and Distribution Equipment Historic Market Size by Region
3.2.1 Global Electricity Transmission and Distribution Equipment Sales in Volume by Region (2018-2023)
3.2.2 Global Electricity Transmission and Distribution Equipment Sales in Value by Region (2018-2023)
3.2.3 Global Electricity Transmission and Distribution Equipment Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Electricity Transmission and Distribution Equipment Forecasted Market Size by Region
3.3.1 Global Electricity Transmission and Distribution Equipment Sales in Volume by Region (2024-2029)
3.3.2 Global Electricity Transmission and Distribution Equipment Sales in Value by Region (2024-2029)
3.3.3 Global Electricity Transmission and Distribution Equipment Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Electricity Transmission and Distribution Equipment by Application
4.1 Electricity Transmission and Distribution Equipment Market Segment by Application
4.1.1 Residential
4.1.2 Industrial and Agriculture
4.1.3 Commercial
4.1.4 Other
4.2 Global Electricity Transmission and Distribution Equipment Market Size by Application
4.2.1 Global Electricity Transmission and Distribution Equipment Market Size Overview by Application (2018-2029)
4.2.2 Global Electricity Transmission and Distribution Equipment Historic Market Size Review by Application (2018-2023)
4.2.3 Global Electricity Transmission and Distribution Equipment Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Electricity Transmission and Distribution Equipment Sales Breakdown by Application (2018-2023)
4.3.2 Europe Electricity Transmission and Distribution Equipment Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Electricity Transmission and Distribution Equipment Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Electricity Transmission and Distribution Equipment Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Electricity Transmission and Distribution Equipment Sales Breakdown by Application (2018-2023)
5 North America Electricity Transmission and Distribution Equipment by Country
5.1 North America Electricity Transmission and Distribution Equipment Historic Market Size by Country
5.1.1 North America Electricity Transmission and Distribution Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Electricity Transmission and Distribution Equipment Sales in Volume by Country (2018-2023)
5.1.3 North America Electricity Transmission and Distribution Equipment Sales in Value by Country (2018-2023)
5.2 North America Electricity Transmission and Distribution Equipment Forecasted Market Size by Country
5.2.1 North America Electricity Transmission and Distribution Equipment Sales in Volume by Country (2024-2029)
5.2.2 North America Electricity Transmission and Distribution Equipment Sales in Value by Country (2024-2029)
6 Europe Electricity Transmission and Distribution Equipment by Country
6.1 Europe Electricity Transmission and Distribution Equipment Historic Market Size by Country
6.1.1 Europe Electricity Transmission and Distribution Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Electricity Transmission and Distribution Equipment Sales in Volume by Country (2018-2023)
6.1.3 Europe Electricity Transmission and Distribution Equipment Sales in Value by Country (2018-2023)
6.2 Europe Electricity Transmission and Distribution Equipment Forecasted Market Size by Country
6.2.1 Europe Electricity Transmission and Distribution Equipment Sales in Volume by Country (2024-2029)
6.2.2 Europe Electricity Transmission and Distribution Equipment Sales in Value by Country (2024-2029)
7 Asia-Pacific Electricity Transmission and Distribution Equipment by Region
7.1 Asia-Pacific Electricity Transmission and Distribution Equipment Historic Market Size by Region
7.1.1 Asia-Pacific Electricity Transmission and Distribution Equipment Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Electricity Transmission and Distribution Equipment Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Electricity Transmission and Distribution Equipment Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Electricity Transmission and Distribution Equipment Forecasted Market Size by Region
7.2.1 Asia-Pacific Electricity Transmission and Distribution Equipment Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Electricity Transmission and Distribution Equipment Sales in Value by Region (2024-2029)
8 Latin America Electricity Transmission and Distribution Equipment by Country
8.1 Latin America Electricity Transmission and Distribution Equipment Historic Market Size by Country
8.1.1 Latin America Electricity Transmission and Distribution Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Electricity Transmission and Distribution Equipment Sales in Volume by Country (2018-2023)
8.1.3 Latin America Electricity Transmission and Distribution Equipment Sales in Value by Country (2018-2023)
8.2 Latin America Electricity Transmission and Distribution Equipment Forecasted Market Size by Country
8.2.1 Latin America Electricity Transmission and Distribution Equipment Sales in Volume by Country (2024-2029)
8.2.2 Latin America Electricity Transmission and Distribution Equipment Sales in Value by Country (2024-2029)
9 Middle East and Africa Electricity Transmission and Distribution Equipment by Country
9.1 Middle East and Africa Electricity Transmission and Distribution Equipment Historic Market Size by Country
9.1.1 Middle East and Africa Electricity Transmission and Distribution Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Electricity Transmission and Distribution Equipment Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Electricity Transmission and Distribution Equipment Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Electricity Transmission and Distribution Equipment Forecasted Market Size by Country
9.2.1 Middle East and Africa Electricity Transmission and Distribution Equipment Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Electricity Transmission and Distribution Equipment Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB Electricity Transmission and Distribution Equipment Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Electricity Transmission and Distribution Equipment Products Offered
10.1.5 ABB Recent Development
10.2 SIEMENS
10.2.1 SIEMENS Company Information
10.2.2 SIEMENS Introduction and Business Overview
10.2.3 SIEMENS Electricity Transmission and Distribution Equipment Sales, Revenue and Gross Margin (2018-2023)
10.2.4 SIEMENS Electricity Transmission and Distribution Equipment Products Offered
10.2.5 SIEMENS Recent Development
10.3 Alstom
10.3.1 Alstom Company Information
10.3.2 Alstom Introduction and Business Overview
10.3.3 Alstom Electricity Transmission and Distribution Equipment Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Alstom Electricity Transmission and Distribution Equipment Products Offered
10.3.5 Alstom Recent Development
10.4 Schneider
10.4.1 Schneider Company Information
10.4.2 Schneider Introduction and Business Overview
10.4.3 Schneider Electricity Transmission and Distribution Equipment Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Schneider Electricity Transmission and Distribution Equipment Products Offered
10.4.5 Schneider Recent Development
10.5 TOSHIBA
10.5.1 TOSHIBA Company Information
10.5.2 TOSHIBA Introduction and Business Overview
10.5.3 TOSHIBA Electricity Transmission and Distribution Equipment Sales, Revenue and Gross Margin (2018-2023)
10.5.4 TOSHIBA Electricity Transmission and Distribution Equipment Products Offered
10.5.5 TOSHIBA Recent Development
10.6 GE
10.6.1 GE Company Information
10.6.2 GE Introduction and Business Overview
10.6.3 GE Electricity Transmission and Distribution Equipment Sales, Revenue and Gross Margin (2018-2023)
10.6.4 GE Electricity Transmission and Distribution Equipment Products Offered
10.6.5 GE Recent Development
10.7 Hitachi
10.7.1 Hitachi Company Information
10.7.2 Hitachi Introduction and Business Overview
10.7.3 Hitachi Electricity Transmission and Distribution Equipment Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Hitachi Electricity Transmission and Distribution Equipment Products Offered
10.7.5 Hitachi Recent Development
10.8 Fuji Electric
10.8.1 Fuji Electric Company Information
10.8.2 Fuji Electric Introduction and Business Overview
10.8.3 Fuji Electric Electricity Transmission and Distribution Equipment Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Fuji Electric Electricity Transmission and Distribution Equipment Products Offered
10.8.5 Fuji Electric Recent Development
10.9 Mitsubishi Electric
10.9.1 Mitsubishi Electric Company Information
10.9.2 Mitsubishi Electric Introduction and Business Overview
10.9.3 Mitsubishi Electric Electricity Transmission and Distribution Equipment Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Mitsubishi Electric Electricity Transmission and Distribution Equipment Products Offered
10.9.5 Mitsubishi Electric Recent Development
10.10 TBEA
10.10.1 TBEA Company Information
10.10.2 TBEA Introduction and Business Overview
10.10.3 TBEA Electricity Transmission and Distribution Equipment Sales, Revenue and Gross Margin (2018-2023)
10.10.4 TBEA Electricity Transmission and Distribution Equipment Products Offered
10.10.5 TBEA Recent Development
10.11 China XD Group
10.11.1 China XD Group Company Information
10.11.2 China XD Group Introduction and Business Overview
10.11.3 China XD Group Electricity Transmission and Distribution Equipment Sales, Revenue and Gross Margin (2018-2023)
10.11.4 China XD Group Electricity Transmission and Distribution Equipment Products Offered
10.11.5 China XD Group Recent Development
10.12 SYOSUNG
10.12.1 SYOSUNG Company Information
10.12.2 SYOSUNG Introduction and Business Overview
10.12.3 SYOSUNG Electricity Transmission and Distribution Equipment Sales, Revenue and Gross Margin (2018-2023)
10.12.4 SYOSUNG Electricity Transmission and Distribution Equipment Products Offered
10.12.5 SYOSUNG Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Electricity Transmission and Distribution Equipment Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Electricity Transmission and Distribution Equipment Industrial Chain Analysis
11.4 Electricity Transmission and Distribution Equipment Market Dynamics
11.4.1 Electricity Transmission and Distribution Equipment Industry Trends
11.4.2 Electricity Transmission and Distribution Equipment Market Drivers
11.4.3 Electricity Transmission and Distribution Equipment Market Challenges
11.4.4 Electricity Transmission and Distribution Equipment Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Electricity Transmission and Distribution Equipment Distributors
12.3 Electricity Transmission and Distribution Equipment Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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