Electric Power Transmission and Distribution Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Electric Power Transmission and Distribution Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

The global electric power transmission and distribution equipment market is expected to exhibit a CAGR of 4.7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Electric transmission and distribution equipment (T&D equipment) is used for transferring power and electrical energy between a power generation plant and an electrical substation located in another place. This set of equipment primarily involves switchgears, switchboards, basic and advanced meters, belts and chains, along with interconnected lines, known as transmission network, that facilitates the flow of electrical energy. It also includes cables, switches, transformers, conductors, circuits, converters, insulators and capacitors. These components are undergoing consistent technological upgradation, owing to the increasing demand for more efficient, safer and reliable transmission and distribution equipment.

The growing energy demand from residential, commercial and industrial sectors is the key factor driving the growth of the market. Widespread installation of electrical appliances such as air conditioners, ventilators, and lighting systems in commercial and residential spaces is further fueling the demand for electric power T&D equipment. Moreover, the advent of smart cities has led to the modernization of electrical grids, which is another crucial factor contributing to the market growth. Additionally, the increasing investments in renewable energy facilities and awareness regarding the need to reduce energy losses are encouraging the adoption of technologically improved equipment across the globe. Furthermore, market players are emphasizing on providing equipment at competitive prices. The lower prices will also assist in minimizing the operational costs for the end users. Other factors contributing to the market growth include rapid urbanization, increased research and development (R&D) in transformer production and prioritization of domestic energy infrastructure development by governments of several nations.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global electric power transmission and distribution equipment market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on equipment type, powerline installation type, voltage and end-use industry.

Breakup by Equipment Type:

Wire and Cable
Switchgear and Switchboard
Transformer
Power
Distribution
Specialty
Meters
Basic Meter
Smart Meter
Insulator & Capacitor
Others

Breakup by Powerline Installation Type:

Underground Installation
Overhead Installation

Breakup by Voltage:

Low Voltage Distribution
Medium Voltage Distribution
High Voltage Distribution

Breakup by End-Use Industry:

Utilities
Industrial
Residential
Commercial

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being ABB Ltd., Alstom SA, CG Power and Industrial Solutions Limited, Eaton Corporation, EMCO Limited, General Electric, Hubbell Incorporated, Itron Incorporated, Kohler Company, Larsen & Toubro Limited, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, TBEA Co., Ltd., etc.
Key Questions Answered in This Report:
How has the global electric power transmission and distribution equipment market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global electric power transmission and distribution equipment market?
What is the breakup of the market based on the equipment type?
What is the breakup of the market based on the powerline installation type?
What is the breakup of the market based on the voltage?
What is the breakup of the market based on the end-use Industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global electric power transmission and distribution equipment market and who are the key players?
What is the degree of competition in the industry?