Global Electric Power Transmission Equipment Market Growth 2025-2031

Global Electric Power Transmission Equipment Market Growth 2025-2031

The global Electric Power Transmission Equipment market size is predicted to grow from US$ 23200 million in 2025 to US$ 28400 million in 2031; it is expected to grow at a CAGR of 3.4% from 2025 to 2031.

The Electric Power Transmission Equipment industry can be broken down into several segments, Transformers, Switchgear, etc.

Transmission of electric power is transfer of bulk electrical energy to substations from power generating plants. Electrical transmission is distinct from electrical distribution, in terms of carrying large quantities of high voltage power over large distances; thus there are differences in the equipment used for each. In this report, products demanded are transformers and switchgear and many other products.

The global electric power transmission equipment industry mainly concentrates in North America, Europe, Asia-pacific. Asia-Pacific occupied the largest revenue market share with about 41% in 2019. It is followed by Europe and North America, while other regions have smaller market.

For the major players of Electric Power Transmission Equipment, Hitachi (ABB) maintained its first place in the ranking in 2019, followed by Siemens, GE, Schneider Electric and Eaton, The top 5 players accounts for about 56% of global market value.

LP Information, Inc. (LPI) ' newest research report, the “Electric Power Transmission Equipment Industry Forecast” looks at past sales and reviews total world Electric Power Transmission Equipment sales in 2024, providing a comprehensive analysis by region and market sector of projected Electric Power Transmission Equipment sales for 2025 through 2031. With Electric Power Transmission Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Power Transmission Equipment industry.

This Insight Report provides a comprehensive analysis of the global Electric Power Transmission Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Power Transmission Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Power Transmission Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Power Transmission Equipment and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Power Transmission Equipment.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Power Transmission Equipment market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Transformers
Switchgear
Others

Segmentation by Application:
Fossil Fuel Fired Power
Renewable Energy
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Hitachi (ABB)
Siemens
GE
Schneider Electric
Eaton
BHEL
TBEA
HYOSUNG
China XD Group
Mitsubishi Electric
Toshiba
Crompton Greaves
SPX Transformer Solutions
Fuji Electric
Shanghai Electric
Baoding Tianwei

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Power Transmission Equipment market?

What factors are driving Electric Power Transmission Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Power Transmission Equipment market opportunities vary by end market size?

How does Electric Power Transmission Equipment break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.