PUBLISHER: Lucintel | PRODUCT CODE: 1153859
PUBLISHER: Lucintel | PRODUCT CODE: 1153859
Electric Transmission and Distribution Equipment Market Trends and Forecast
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 $381 billion by 2027 with a CAGR of 5.4% from 2021 to 2027. The major drivers for this market are increasing demand for electricity, new power generation capacity additions, and the expansion of transmission and distribution infrastructure.
Emerging Trends in the Electric Transmission and Distribution Equipment Market
Emerging trends, which have a direct impact on the dynamics of the electric transmission and distribution equipment industry, include growing implementation of smart grid technology, implementation of advanced metering infrastructure, and transition from conventional to modular switchgears.
A total of 135 figures / charts and 115 tables are provided in this 190-page report to help in your business decisions. Sample figures with insights are shown below. To learn the scope of benefits, companies researched, and other details of the electric transmission and distribution equipment market report.
Electric Transmission and Distribution Equipment Market by Segment
By End Use Industry [$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]:
List of Electric Transmission and Distribution Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric transmission and distribution equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric transmission and distribution equipment companies profiled in this report includes.
Electric Transmission and Distribution Equipment Market Insight
Features of Electric Transmission and Distribution Equipment Market
FAQ
Q1. What is the electric transmission and distribution equipment market size?
Answer:The global electric transmission and distribution equipment market is expected to reach an estimated $381 billion by 2027
Q2. What is the growth forecast for electric transmission and distribution equipment market?
Answer:The electric transmission and distribution equipment market is expected to grow at a CAGR of 5.4% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the electric transmission and distribution equipment market?
Answer: The major drivers for this market are increasing demand for electricity, new power generation capacity additions, and the expansion of transmission and distribution infrastructure.
Q4. What are the major applications or end use industries for electric transmission and distribution equipment?
Answer:Utilities and industrial are the major end use industries for electric transmission and distribution equipment market.
Q5. What are the emerging trends in electric transmission and distribution equipment market?
Answer: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.
Q6. Who are the key electric transmission and distribution equipment companies?
Answer:Some of the key electric transmission and distribution equipment companies are as follows:
Q7. Which electric transmission and distribution equipment product segment will be the largest in future?
Answer: Lucintel forecasts that the wire and cable segment will remain the largest segment due to increasing electricity access to residential and commercial buildings.
Q8. In electric transmission and distribution equipment market, which region is expected to be the largest in next 5 years?
Answer:Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.