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DUBLIN--(BUSINESS WIRE)--Aug 15, 2022--
The "Electric Power Transmission and Distribution Equipment Market: Trends, Opportunities and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
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 future of the electric transmission and distribution equipment market looks promising with opportunities in the power utilities, residential, commercial, and industrial sectors. 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.
In this market, utilities are the largest end use market, whereas the wire and cable segment is the largest market by product type.
The analyst 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. The analyst 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.
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.
Features of the Electric Transmission and Distribution Equipment Market
3. Market Trends and Forecast Analysis from 2016 to 2027
3.2: Global Electric Transmission and Distribution Equipment Market Trends and Forecast
3.3: Global Electric Transmission and Distribution Equipment Market by Product Type
3.4: Global Electric Transmission and Distribution Equipment Market by End Use
3.5: Global Electric Transmission and Distribution Equipment Market by Voltage
4. Market Trends and Forecast Analysis by Region
4.1: Global Electric Transmission and Distribution Equipment Market by Region
4.2: North American Electric Transmission and Distribution Equipment Market
4.2.1: North American Market by Product Type
4.2.2: United States Electric Transmission and Distribution Equipment Market
4.2.3: Canadian Electric Transmission and Distribution Equipment Market
4.2.4: Mexican Electric Transmission and Distribution Equipment Market
4.3: European Electric Transmission and Distribution Equipment Market
4.4: APAC Electric Transmission and Distribution Equipment Market
4.5: ROW Electric Transmission and Distribution Equipment Market
7. Growth Opportunities and Strategic Analysis
7.1.1: Growth Opportunities for the Global Electric Transmission and Distribution Equipment Market by Product Type
7.1.2: Growth Opportunities for the Global Electric Transmission and Distribution Equipment Market by Voltage
7.1.3: Growth Opportunities for the Global Electric Transmission and Distribution Equipment Market by End Use
7.1.4: Growth Opportunities for the Global Electric Transmission and Distribution Equipment Market by Region
7.2: Emerging Trends of the Global Electric Transmission and Distribution Equipment Market
7.3.2: Capacity Expansion of the Global Electric Transmission and Distribution Equipment Market
7.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Electric Transmission and Distribution Equipment Market
8. Company Profiles of Leading Players
For more information about this report visit https://www.researchandmarkets.com/r/tfkh6b
View source version on businesswire.com:https://www.businesswire.com/news/home/20220815005381/en/
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