PUBLISHER: Lucintel | PRODUCT CODE: 1079274
PUBLISHER: Lucintel | PRODUCT CODE: 1079274
The future of the electric transmission and distribution equipment market looks promising with opportunities in the power utilities, residential, commercial, and industrial sectors. The global electric transmission and distribution equipment market is expected to reach an estimated $381 billion by 2027 with a CAGR of 5.4% from 2021 to 2027. The major drivers for this market are increasing demand for electricity, new power generation capacity additions, and the expansion of transmission and distribution infrastructure.
Emerging trends, which have a direct impact on the dynamics of the electric transmission and distribution equipment industry, include growing implementation of smart grid technology, implementation of advanced metering infrastructure, and transition from conventional to modular switchgears.
A total of 135 figures / charts and 115 tables are provided in this 190-page report to help in your business decisions. Sample figures with insights are shown below. To learn the scope of benefits, companies researched, and other details of the electric transmission and distribution equipment market report, please download the report brochure.
In this market, utilities are the largest end use market, whereas the wire and cable segment is the largest market by product type. Growth in various segments of the electric transmission and distribution equipment market is shown in the figure given below.
By End Use Industry [$M shipment analysis for 2016 - 2027]:
By Product Type [$M shipment analysis for 2016 - 2027]:
By Voltage [$M shipment analysis for 2016 - 2027]:
By Region [$M shipment analysis for 2016 - 2027]:
Some of the electric T&D companies profiled in this report include ABB, Siemens AG, Mitsubishi Electric Corp., Schneider Electric, General Electric, Xian XD Switchgear Electric, and Crompton Greaves.
Lucintel forecasts that the wire and cable segment will remain the largest segment due to increasing electricity access to residential and commercial buildings. The transformer segment is expected to witness the highest growth over the forecast period, supported by government spending in electrical infrastructure and growth in housing demand in emerging markets.
Utilities are expected to remain the largest end use market due to the replacement and upgradation of existing infrastructure and increasing focus on renewable energy. Lucintel predicts that the residential end use segment is likely to experience the highest growth over the forecast period, supported by growth in low voltage equipment, including cables and switchgears.
Asia Pacific is expected to remain the largest market by value; it is also expected to witness the highest growth over the forecast period because of growth in construction activities, increasing electric access, urbanization, and rapid industrialization.
Features of the Electric Transmission and Distribution Equipment Market