Electricity Transmission and Distribution Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Electricity Transmission and Distribution Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Electricity Transmission And Distribution Market

The electricity transmission and distribution market size was valued at USD 317.89 billion in 2022, and the market is now projected to grow from USD 329.47 billion in 2023 to USD 429.43 billion by 2030, exhibiting a CAGR of 3.9% during the forecast period of 2024-2032.

Due to lockdowns and mobility regulations, many creation projects for new electricity transmission and distribution infrastructure faced delays. These delays led to improved fees and reduced returns on funding. The team of workers changed into also substantially impacted, further exacerbating the state of affairs. Consequently, the timeline for task completions extended, affecting normal project efficiency and monetary effects.

Rising call for power, driven by urbanization and populace growth, fuels investments in strength infrastructure. Emerging nations, specifically in Asia Pacific and Africa, are experiencing fast population increase and urbanization, necessitating the growth of recent transmission and distribution strains. Governments in those regions are investing in infrastructure to enhance energy get admission to, with India enforcing tasks such as Pradhan Mantri Sahaj Bijli Har Ghar Yojana and Deendayal Upadhyaya Gram Jyoti Yojana to decorate rural electrification.

There is a growing trend in renewable electricity infrastructure funding. As renewable energy assets such as solar and wind strength benefit recognition, the want for transmission infrastructure to switch power from source to clients has accelerated. This has shifted investment patterns in the direction of excessive-voltage transmission traces and infrastructure accommodating renewable strength's variable nature. Additionally, integrating renewable energy into the grid has boosted funding in microgrids, smart grids, and different distribution infrastructures, moving investment from traditional to renewable electricity distribution infrastructure.

Comprehensive Analysis of Electricity Transmission And Distribution Market

The electricity transmission and distribution market growth is rising at an exponential rate due to its market segmentation. This marketplace enlargement successfully affords an in-depth local exam thinking about the dominant deliver and demand forces that effect the enterprise. These segmentations are methodically segregated by asset type analysis and by end-user analysis. By asset type analysis include, transmission line and distribution line. By end- user analysis include, electric utility, industrial, and renewables.

The Asia Pacific region lead the electricity transmission and distribution market share by benefitting a market size of USD 133.46 billion in 2022 due to rapid industrialization, urbanization, and increasing demand for electricity.

The pinnacle players inside the market play a critical function in the enterprise assuring market growth and placing marketplace requirements. These players include, Major electricity infrastructure companies include Duke Energy Corporation (U.S.), National Grid plc (U.K.), Enel SpA (Italy), E. ON SE (Germany), NextEra Energy, Inc. (U.S.), Dominion Energy, Inc. (U.S.), Tokyo Electric Power Company Holdings (Japan), American Electric Power Company, Inc. (U.S.), Power Grid Corporation of India (India), and State Grid Corporation of China (China). These market players provide a level-playing competitive landscape.

In January 2023, The non-regulated business logo of the U.S. Utility Duke Energy (NYSE: DUK), referred to as Duke Energy Sustainable Solutions (DESS), has recently bought a a hundred seventy five-MW sun mission positioned in Colorado from the U.S. Subsidiary of German solar developer Juwi, that's based in Colorado.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 3.9% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Asset Type, By End-user, and By Geography

Segmentation By Asset Type

Transmission Line

Distribution Line

By End-user

Electric Utility

- Public Utility

- Private Utility

Industrial

Renewables

By Region

North America (By Asset Type, End-User, and Country)

- U.S.

- Canada

Europe (By Asset Type, End-User, and Country)

- U.K.

- Germany

- France

- Italy

- Spain

- Russia

- Rest of Europe

Asia Pacific (By Asset Type, End-User, and Country)

- China

- India

- Japan

- Australia

- Southeast Asia

- Rest of Asia Pacific

Latin America (By Asset Type, End-User, and Country)

- Brazil

- Mexico

- Rest of Latin America

Middle East & Africa (By Asset Type, End-User, and Country)

- GCC

- South Africa

- Rest of Middle East and Africa


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