Electric Power Transmission and Distribution Equipment Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Product, By End-User, By Region, By Competition, 2020-2030F

Description

The Electric Power Transmission and Distribution Equipment Market was valued at USD 200.56 Billion in 2024 and is projected to reach USD 282.86 Billion by 2030, expanding at a CAGR of 5.74%. This market represents the global industry engaged in producing and deploying infrastructure that transmits and distributes electricity from power generation sites to end-users across residential, commercial, and industrial segments. It includes key components like transformers, switchgear, circuit breakers, insulators, relays, capacitors, arresters, and overhead or underground lines. Transmission equipment handles high-voltage electricity over long distances, while distribution equipment manages the medium to low voltage supply to consumers. Market growth is fueled by rising electricity demand, rapid urbanization, industrial expansion, aging grid infrastructure, and the increasing integration of renewable energy sources. Furthermore, digital transformation through smart grids and automation technologies is enhancing grid efficiency and resilience, creating fresh opportunities for modern transmission and distribution equipment worldwide.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 200.56 Billion
Market Size 2030	USD 282.86 Billion
CAGR 2025-2030	5.74%
Fastest Growing Segment	Switchgear
Largest Market	North America

Key Market Drivers

Rising Global Electricity Demand and Urbanization

Global electricity demand is surging due to population growth, expanding industrial activity, and the increasing electrification of homes and businesses. Rapid urbanization, especially in emerging economies, is contributing significantly to higher energy consumption, necessitating the expansion and modernization of transmission and distribution networks. As cities become denser, reliable and efficient power supply becomes crucial to support essential services and infrastructure. According to the International Energy Agency, electricity consumption is projected to rise at double the pace of total energy demand through 2040, further propelling investment in grid infrastructure. Upgrades to aging systems and network expansions are essential to maintain system reliability, especially with the growing adoption of electric vehicles, smart city developments, and digital devices. The deployment of advanced equipment like intelligent transformers and smart switchgear is enabling real-time monitoring, fault detection, and improved system control. In 2024, more than half of the world's population resides in urban areas, and this figure is expected to rise to nearly 70% by 2050, primarily across Asia and Africa, underscoring the critical need for robust and scalable T&D systems.

Key Market Challenges

Aging Infrastructure and Modernization Constraints

A significant challenge in the Electric Power Transmission and Distribution Equipment Market is the widespread presence of outdated infrastructure in developed regions. Many of the systems currently in operation were constructed decades ago and are now experiencing declining efficiency and increased risk of failure. Components such as aged transformers, corroded lines, and obsolete switchgear present reliability issues and are unable to accommodate the demands of modern energy systems or renewable integration. The process of upgrading these legacy systems is expensive and logistically complex, often constrained by limited budgets, regulatory barriers, and societal resistance, particularly in urban and environmentally sensitive areas. Moreover, a lack of standardization and interoperability among existing systems further complicates modernization efforts. These constraints delay the transition to more resilient and intelligent grids, especially as new energy demands and technologies push existing infrastructure to its limits.

Key Market Trends

Integration of Smart Grid Technologies and Advanced Monitoring Systems

A prominent trend shaping the Electric Power Transmission and Distribution Equipment Market is the integration of smart grid technologies and digital monitoring systems. These innovations are transforming traditional grids into intelligent networks capable of real-time data analysis, automated responses, and enhanced efficiency. Technologies such as smart meters, SCADA (Supervisory Control and Data Acquisition), IoT-enabled sensors, and advanced communication protocols allow utilities to optimize grid operations, detect and resolve faults rapidly, and improve load balancing. The integration of Geographic Information Systems (GIS) and digital twin models is further enhancing asset management and grid planning. These developments are particularly crucial as intermittent renewable sources like solar and wind become more prevalent. Smart T&D systems enable dynamic adjustments and distributed energy resource management, ensuring reliability in the face of changing energy flows. Governments worldwide are investing in grid modernization as part of broader energy transition and sustainability initiatives, accelerating the adoption of intelligent T&D solutions.

Key Market Players

ABB Ltd
Siemens AG
General Electric Company
Schneider Electric SE
Eaton Corporation plc
Mitsubishi Electric Corporation
Hyundai Electric & Energy Systems Co., Ltd.
Crompton Greaves Consumer Electricals Limited

Report Scope:

In this report, the Global Electric Power Transmission and Distribution Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Electric Power Transmission and Distribution Equipment Market, By Product:

Transformer
Switchgear
Insulators & Fittings
Cables & Lines

Electric Power Transmission and Distribution Equipment Market, By End-User:

Energy & Utilities
Industrial
Commercial
Residential

Electric Power Transmission and Distribution Equipment Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
- Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Electric Power Transmission and Distribution Equipment Market.

Available Customizations:

Global Electric Power Transmission and Distribution Equipment Market report with the given Market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
1.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Formulation of the Scope
2.4. Assumptions and Limitations
2.5. Sources of Research
- 2.5.1. Secondary Research
- 2.5.2. Primary Research
2.6. Approach for the Market Study
- 2.6.1. The Bottom-Up Approach
- 2.6.2. The Top-Down Approach
2.7. Methodology Followed for Calculation of Market Size & Market Shares
2.8. Forecasting Methodology
- 2.8.1. Data Triangulation & Validation

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. Voice of Customer

5. Global Electric Power Transmission and Distribution Equipment Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Product (Transformer, Switchgear, Insulators & Fittings, Cables & Lines)
- 5.2.2. By End-User (Energy & Utilities, Industrial, Commercial, Residential)
- 5.2.3. By Region
5.3. By Company (2024)
5.4. Market Map

6. North America Electric Power Transmission and Distribution Equipment Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Product
- 6.2.2. By End-User
- 6.2.3. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Electric Power Transmission and Distribution Equipment Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Product
    - 6.3.1.2.2. By End-User
- 6.3.2. Canada Electric Power Transmission and Distribution Equipment Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Product
    - 6.3.2.2.2. By End-User
- 6.3.3. Mexico Electric Power Transmission and Distribution Equipment Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Product
    - 6.3.3.2.2. By End-User

7. Europe Electric Power Transmission and Distribution Equipment Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Product
- 7.2.2. By End-User
- 7.2.3. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Electric Power Transmission and Distribution Equipment Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Product
    - 7.3.1.2.2. By End-User
- 7.3.2. United Kingdom Electric Power Transmission and Distribution Equipment Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Product
    - 7.3.2.2.2. By End-User
- 7.3.3. Italy Electric Power Transmission and Distribution Equipment Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Product
    - 7.3.3.2.2. By End-User
- 7.3.4. France Electric Power Transmission and Distribution Equipment Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Product
    - 7.3.4.2.2. By End-User
- 7.3.5. Spain Electric Power Transmission and Distribution Equipment Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Product
    - 7.3.5.2.2. By End-User

8. Asia-Pacific Electric Power Transmission and Distribution Equipment Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Product
- 8.2.2. By End-User
- 8.2.3. By Country
8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Electric Power Transmission and Distribution Equipment Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Product
    - 8.3.1.2.2. By End-User
- 8.3.2. India Electric Power Transmission and Distribution Equipment Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Product
    - 8.3.2.2.2. By End-User
- 8.3.3. Japan Electric Power Transmission and Distribution Equipment Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Product
    - 8.3.3.2.2. By End-User
- 8.3.4. South Korea Electric Power Transmission and Distribution Equipment Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Product
    - 8.3.4.2.2. By End-User
- 8.3.5. Australia Electric Power Transmission and Distribution Equipment Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Product
    - 8.3.5.2.2. By End-User

9. South America Electric Power Transmission and Distribution Equipment Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Product
- 9.2.2. By End-User
- 9.2.3. By Country
9.3. South America: Country Analysis
- 9.3.1. Brazil Electric Power Transmission and Distribution Equipment Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Product
    - 9.3.1.2.2. By End-User
- 9.3.2. Argentina Electric Power Transmission and Distribution Equipment Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Product
    - 9.3.2.2.2. By End-User
- 9.3.3. Colombia Electric Power Transmission and Distribution Equipment Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Product
    - 9.3.3.2.2. By End-User

10. Middle East and Africa Electric Power Transmission and Distribution Equipment Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Product
- 10.2.2. By End-User
- 10.2.3. By Country
10.3. Middle East and Africa: Country Analysis
- 10.3.1. South Africa Electric Power Transmission and Distribution Equipment Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Product
    - 10.3.1.2.2. By End-User
- 10.3.2. Saudi Arabia Electric Power Transmission and Distribution Equipment Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Product
    - 10.3.2.2.2. By End-User
- 10.3.3. UAE Electric Power Transmission and Distribution Equipment Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Product
    - 10.3.3.2.2. By End-User
- 10.3.4. Kuwait Electric Power Transmission and Distribution Equipment Market Outlook
  - 10.3.4.1. Market Size & Forecast
    - 10.3.4.1.1. By Value
  - 10.3.4.2. Market Share & Forecast
    - 10.3.4.2.1. By Product
    - 10.3.4.2.2. By End-User
- 10.3.5. Turkey Electric Power Transmission and Distribution Equipment Market Outlook
  - 10.3.5.1. Market Size & Forecast
    - 10.3.5.1.1. By Value
  - 10.3.5.2. Market Share & Forecast
    - 10.3.5.2.1. By Product
    - 10.3.5.2.2. By End-User

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Company Profiles

13.1. ABB Ltd
- 13.1.1. Business Overview
- 13.1.2. Key Revenue and Financials
- 13.1.3. Recent Developments
- 13.1.4. Key Personnel/Key Contact Person
- 13.1.5. Key Product/Services Offered
13.2. Siemens AG
13.3. General Electric Company
13.4. Schneider Electric SE
13.5. Eaton Corporation plc
13.6. Mitsubishi Electric Corporation
13.7. Hyundai Electric & Energy Systems Co., Ltd.
13.8. Crompton Greaves Consumer Electricals Limited