Global Smart Grid Transmission and Distribution Equipment Market Growth 2023-2029

Global Smart Grid Transmission and Distribution Equipment Market Growth 2023-2029

Power is generated at a power plant, and the T&D equipment infrastructure is used to transport the generated power to substations and then to electric utility transformers, which deliver electricity to domestic, commercial, and industrial end-users. Components such as power substations, transmission lines, power cables, switchgears, and power transformers are extensively used in power grids and electricity distribution systems. Therefore, they make primary building blocks in a T&D infrastructure. The market is segmented into power cables, transformers, and switchgears.

LPI (LP Information)' newest research report, the “Smart Grid Transmission and Distribution Equipment Industry Forecast” looks at past sales and reviews total world Smart Grid Transmission and Distribution Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart Grid Transmission and Distribution Equipment sales for 2023 through 2029. With Smart Grid Transmission and Distribution Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Grid Transmission and Distribution Equipment industry.

This Insight Report provides a comprehensive analysis of the global Smart Grid Transmission and Distribution 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 Smart Grid Transmission and Distribution Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Smart Grid Transmission and Distribution Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Grid Transmission and Distribution 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 Smart Grid Transmission and Distribution Equipment.

The global Smart Grid Transmission and Distribution Equipment market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The increasing demand for power generation is one of the major factors that have a positive impact on the growth of the market during the next few years. With the increasing population and the rise in rapid urbanization and industrialization, the demand for power will considerably increase in the coming years. This will drive the need for new manufacturing plants and the expansion of existing plants to meet the growing demand, which will subsequently drive the need for T&D equipment.

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

Market Segmentation:

Segmentation by type
High-Voltage Direct Current (HVDC)
Flexible AC Transmission System (FACTS)
Synchrophasors

Segmentation by application
Power Station
Transformer Substation
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 analyzing the company's coverage, product portfolio, its market penetration.
ABB
Emerson
Omron
Prysmian
NARI Group
S & C Electric

Key Questions Addressed in this Report

What is the 10-year outlook for the global Smart Grid Transmission and Distribution Equipment market?

What factors are driving Smart Grid Transmission and Distribution Equipment market growth, globally and by region?

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

How do Smart Grid Transmission and Distribution Equipment market opportunities vary by end market size?

How does Smart Grid Transmission and Distribution Equipment break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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