PUBLISHER: The Business Research Company | PRODUCT CODE: 1769943
PUBLISHER: The Business Research Company | PRODUCT CODE: 1769943
Electric power infrastructure refers to the extensive network of systems and equipment that generate, transmit, and distribute electricity from power plants to end users. Its core objective is to ensure a reliable, efficient, and secure delivery of electrical energy to meet contemporary energy demands.
The primary categories of electric power infrastructure include generation infrastructure, transmission infrastructure, distribution infrastructure, renewable energy infrastructure, and non-renewable energy infrastructure. Generation infrastructure consists of power plants that transform various energy sources into electricity, serving as the backbone of the power supply system. It operates across different voltage levels low voltage (LV), medium voltage (MV), high voltage (HV), and extra high voltage (EHV) and is utilized in a wide range of applications, such as residential, commercial, industrial, utility, transportation, and others.
The electric power infrastructure market research report is one of a series of new reports from The Business Research Company that provides electric power infrastructure market statistics, including the electric power infrastructure industry global market size, regional shares, competitors with the electric power infrastructure market share, detailed electric power infrastructure market segments, market trends, opportunities, and any further data you may need to thrive in the electric power infrastructure industry. This electric power infrastructure market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The electric power infrastructure market size has grown strongly in recent years. It will grow from $265.75 billion in 2024 to $284.32 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%.The growth during the historic period can be attributed to accelerated urbanization, expanding industrial activity, increasing energy consumption, the development of renewable energy sources, and continued population growth.
The electric power infrastructure market size is expected to see strong growth in the next few years. It will grow to $367.38 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%.The projected growth in the forecast period can be attributed to the increasing integration of renewable energy, the expansion of electric vehicle charging infrastructure, rising investments in energy storage solutions, a heightened emphasis on energy efficiency, and growing demand for sustainable infrastructure. Key trends expected during this period include technological advancements in software systems, progress in energy storage technologies, the development of smart grids, innovations in grid management solutions, and ongoing research and development in renewable energy.
The growing demand for electricity is expected to drive the expansion of the electric power infrastructure market in the coming years. Electricity, a form of energy generated by the movement of charged particles, is essential for powering various devices, machines, and systems. As industries and households increasingly adopt energy-intensive technologies, the strain on existing power infrastructure intensifies, creating a pressing need for modernization and expansion. Electric power infrastructure facilitates the reliable generation, transmission, and distribution of electricity from power plants to homes and businesses, ensuring consistent energy access. For instance, in December 2023, the U.S. Energy Information Administration (EIA) reported that total electricity end-use consumption in the United States rose by 3.2% in 2022 compared to 2021, with retail electricity sales to the residential sector increasing by 2.6%. Thus, the rising demand for electricity is a key factor driving the growth of the electric power infrastructure market.
Key players in the electric power infrastructure market are focusing on the development of autonomous grid management systems to enhance grid flexibility and advance digital transformation across utilities. These systems use sophisticated software and real-time data integration to monitor, control, and optimize grid operations with minimal human intervention. For example, in February 2024, Siemens AG, a Germany-based automation and industrial solutions provider, introduced Gridscale X a modular software platform designed to rapidly expand grid capacity and manage complex distributed energy resources. The platform enhances grid planning and operations through improved visibility and centralized network model management. Built with cybersecurity, interoperability, and scalability in mind, Gridscale X integrates seamlessly with existing IT and OT infrastructure to support grid modernization efforts.
In October 2024, Iberdrola, a Spain-based electric utility company, acquired an 88% stake in Electricity North West (ENW) for approximately $5.59 billion (€5 billion). This acquisition is part of Iberdrola's strategy to enhance its footprint in the UK energy sector and support the shift toward a smarter and more sustainable power network in North West England. Electricity North West is a UK-based provider of electric power infrastructure.
Major players in the electric power infrastructure market are Hitachi Ltd., Siemens Energy, Quanta Services, The AES Corporation, Mastec Inc., Nexans S.A, Tata Power Company Limited, Power Grid Corporation of India Ltd., Elecnor Group, MYR Group Inc., Hyosung Heavy Industries Corporation, NextEra Energy Partners LP, Adani Green Energy Ltd., Ormat Technologies, Sterlite Power, KEPCO E&C, LS Power, AMP Energy, Vena Energy, ENGIE UK.
Asia-Pacific was the largest region in the electric power infrastructure market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in electric power infrastructure report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the electric power infrastructure market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The electric power infrastructure market consists of revenues earned by entities by providing services such as grid modernization, transmission system upgrades, and electricity distribution management. The market value includes the value of related goods sold by the service provider or included within the service offering. The electric power infrastructure market includes sales of generators, turbines, wind turbine components and solar panels and inverters. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Electric Power Infrastructure Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on electric power infrastructure market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for electric power infrastructure ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electric power infrastructure market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.