Global Electric Power Distribution Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electric Power Distribution Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Electric power distribution equipment is used to get electric power from power-station generators, from transformers, or converters in converter substations, and to appropriate it among different buyers.

Electric power distribution equipment is responsible for safely transporting and delivering electrical energy from the utility generating station all the way to your outlet or light fixture.

The majority of this type of equipment is not visible to the end user with the exception of a light switch or outlet. Electric power distribution equipment contains electric switches, detaching switches, flow and voltage transformers, estimating instruments, transports, dischargers, and electric reactors. To permit the upkeep of the distribution equipment of the electric-power network without the interference of administration, the transport framework is separated into various components.

Market Overview:

The latest research study on the global Electric Power Distribution Equipment market finds that the global Electric Power Distribution Equipment market reached a value of USD 113272.31 million in 2022. It’s expected that the market will achieve USD 138650.88 million by 2028, exhibiting a CAGR of 3.43% during the forecast period.

The development of product integration

With the development of various power transmission and distribution equipment and related technologies to a certain extent, the diversification of user needs and the pursuit of increased investment economic requirements, in order to reduce the cost of product design, production and after-sales service, improve response speed and service quality, Companies not only use modularization, assembly, and system design and development to integrate product technology types; they will also use a unified technology platform to form product standardization and serialization, improve the complete set of products, etc., to provide users with an overall solution is the future development trend.

Large investment amount and high capital barriers

The general quality guarantee deposit system for power grid company equipment bidding requires suppliers to have sufficient working capital to ensure the sustainability of production and sales.
In many countries, the equipment procurement and payment settlement of the power industry comply with strict capital budget management systems. There is no advance payment after the contract is signed, and the warranty period is about 24 months. This has an adverse effect on the capital turnover speed of production enterprises, and creates financial pressure on the continuous production and operation of enterprises.

Region Overview:


Geographically, Asia Pacific held the largest market share-- 27.14% in 2021.

Company Overview:

Schneider Electric is one of the major players operating in the Electric Power Distribution Equipment market, holding a share of 8.6% in 2022.

Schneider Electric

Schneider Electric SE (Societas Europaea) is a French multinational company providing energy and automation digital solutions for efficiency and sustainability. It addresses homes, buildings, data centers, infrastructure and industries, by combining energy technologies, real-time automation, software and services. The company has operations in over 100 countries and employs 135,000+ people.

GE

No other American company can claim a heritage of innovation as deep and broad as GE. From Thomas Alva Edisons first incandescent light bulb to the latest jet engine brimming with internet-connected sensors and 3D-printed parts, GE has pioneered technologies that have spurred world-transforming changes and improved the lives of billions.

Segmentation Overview:

Among different product types, Switchgears segment is anticipated to contribute the largest market share in 2027.

Transformers

A transformer is defined as a passive electrical device that transfers electrical energy from one circuit to another through the process of electromagnetic induction. It is most commonly used to increase (step up) or decrease (step down) voltage levels between circuits.

Switchgears

In an electric power system, switchgear is composed of electrical disconnect switches, fuses or circuit breakers used to control, protect and isolate electrical equipment. Switchgear is used both to de-energize equipment to allow work to be done and to clear faults downstream. This type of equipment is directly linked to the reliability of the electricity supply.
The term switchgear is a generic term that includes a wide range of switching devices like circuit breakers, switches, switch fuse units, off-load isolators, HRC fuses, contactors, miniature circuit breakers, ELCBs, GFCIs, etc.
It also includes the combination of these switching devices with associated control, measuring, protecting and regulating equipment. The switchgear devices and their assemblies are used in connection with the generation, transmission, distribution, and conversion of electrical energy.

Others

Generators, power lines, circuit breakers, distribution boards, control boxes, etc.

Application Overview:

The market's largest segment by application is the segment Industrial and Agriculture, with a market shareof 48.73%in 2021.

Residential

A residential area is land used in which housing predominates, as opposed to industrial and commercial areas.
Housing may vary significantly between, and through, residential areas. These include single-family housing, multi-family residential, or mobile homes. Zoning for residential use may permit some services or work opportunities or may totally exclude businesses and industries. It may permit high-density land use or only permit low-density uses. Residential zoning usually includes a smaller FAR (floor area ratio) than business, commercial or industrial/manufacturing zoning. The area may be large or small.

Industrial and Agriculture

Industrial agriculture is the large-scale, intensive production of crops and animals, often involving chemical fertilizers on crops or the routine, harmful use of antibiotics in animals (as a way to compensate for filthy conditions, even when the animals are not sick). It may also involve crops that are genetically modified, heavy use of pesticides, and other practices that deplete the land, mistreat animals, and increase various forms of pollution. In recent decades, consolidation in the industry has intensified as agriculture has undergone what is known as vertical integration, a transition from small, diverse farms producing a variety of crops and livestock to an industrialized system dominated by big multinational corporations. These corporations reap the benefits while farmers, growers, and their workers see their profits evaporate, even as the health burdens of industrial practices increase.

Commercial

Electric power distribution equipment is currently needed in commercial buildings such as office buildings, medical centers, hotels, shopping malls, retail stores, warehouses and garages

Key Companies in the global Electric Power Distribution Equipment market covered in Chapter 3:

GE
Mitsubishi Electric
Hyundai
Schneider Electric
Hitachi
Siemens
ABB
Eaton
China XD Group
Toshiba
Hyosung
Fuji Electric
TBEA

In Chapter 4 and Chapter 14.2, on the basis of types, the Electric Power Distribution Equipment market from 2018 to 2029 is primarily split into:

Transformers
Switchgears
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electric Power Distribution Equipment market from 2018 to 2029 covers:

Residential
Industrial and Agriculture
Commercial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)