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Electric Distribution Utility Market

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from $4,850 287 Pages Global Market Insights November, 2024 GMI19407319
Best Price Guarantee
Price from $4,850
Length 287 Pages
Publisher Global Market Insights
Published Date November, 2024
SKU GMI19407319

Electric Distribution Utility Market


The global electric distribution utility market was valued at USD 379.1 billion in 2023 and is projected to grow at over 6.7% CAGR from 2024 to 2032. This growth is primarily fueled by rising electricity demand and a global shift towards renewable energy sources. Increased investments aimed at enhancing the resilience and efficiency of distribution networks will enable utilities to meet customers' growing energy needs while minimizing service disruptions.Recent technological advancements and favorable regulatory changes are transforming the electric distribution utility landscape. Utilities are increasingly focusing on sustainability, leading to the integration of renewable energy sources into their distribution networks. This strategic shift is essential for aligning with global environmental goals and ensuring a more sustainable energy future.Among various components, the switchgear segment is expected to exceed USD 193 billion by 2032. The deployment of smart grid technologies, which leverage advanced communication and information systems, is optimizing the generation, distribution, and consumption of electricity. Furthermore, the renovation of aging electrical infrastructure in both emerging and developed markets, coupled with the expansion of power grids, will contribute significantly to the growth of the switchgear market.The end-use segment analysis reveals that the residential sector is set to experience a CAGR of over 7% through 2032. This growth is largely attributed to the increasing adoption of smart home technologies and the implementation of new government regulations that are reshaping the market dynamics. As the demand for safe and reliable electrical infrastructure grows across utility, residential, commercial, and industrial sectors, there will be a heightened need for advanced power distribution products. This trend will drive technology adoption and further enhance the demand for various distribution components.In the United States, the electric distribution utility market is anticipated to surpass USD 79.5 billion by 2032, buoyed by substantial investments in renewable energy initiatives. The combination of rising energy demand, coupled with the expansion of long-distance distribution networks and the modernization of local distribution systems, is fueling market growth. These developments are crucial in ensuring that utilities can effectively manage the increasing energy requirements while enhancing the overall reliability and efficiency of their services.


Chapter 1 Research Methodology
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Market estimates & forecast parameters
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market Definitions
Chapter 2 Exclusive Summary
2.1 Industry snapshot
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Component trends
2.1.4 Voltage trends
2.1.5 End use trends
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.2.1 North America
3.2.1.1 U.S.
3.2.1.1.1 Electricity reliability standards
3.2.1.1.2 Distribution Transformer Efficiency and Supply Chain Reliability Act of 2024
3.2.1.1.3 National Electrical Manufacturers Association (NEMA) Standards
3.2.1.1.4 Institute of Electrical and Electronics Engineers
3.2.1.1.5 Location and Arrangement of Transformers and Regulators
3.2.1.1.5.1 Outdoor Installations
3.2.1.1.5.2 Indoor Installations
3.2.1.1.6 Short-Circuit Protection of Transformers
3.2.1.1.7 Standards for distribution transformer
3.2.1.1.8 IEC vs ANSI Switchgear - Understanding the Global Standards
3.2.1.1.9 ANSI and IEEE voltage classes
3.2.1.1.10 ’čCFRčŇč”•Ì‘‘č- Protection of persons at switchgear
3.2.1.1.11 CalÌčCodečRegsÌčTitÌč—,čŇ著”—č- Metal-enclosed Power Switchgear
3.2.1.1.12 NEMA 260 1996 (2004)
3.2.1.1.13 The U.S. approval system for electrical switchgear
3.2.1.1.14 Sulfur Hexafluoride (SF6)
3.2.1.1.15 Key Elements of the Regulation
3.2.1.1.16 Environmental Objectives
3.2.1.1.17 Affected Entities
3.2.2 IEC standards for switchgears
3.2.2.1.1 Standards
3.2.2.1.1.1 International Electrotechnical Commission (IEC) and British standards
3.2.3 Global substation standard
3.2.3.1 IEC 61850
3.2.3.1.1 Communication networks and systems in substations
3.2.3.2 Safety and Health Regulations for Construction
3.2.3.2.1
1926.966(b):
3.2.3.2.2
1926.966(d)
3.2.3.3 Canada
3.2.3.3.1 National Standard of Canada - Domestic
3.2.3.3.2 C
22.2 NO. 31-14 - Switchgear assemblies
3.2.3.4 NEMA TP
3.2.3.5 Mexico
3.2.3.5.1 Mexico Market Access for Safety Requirements
3.2.4 Designs, Codes, & Standards for Electric Towers and Poles used in electric distribution
3.2.4.1 Application of Electric Distribution Construction Standards
3.2.5 Technical specification for steel tubular and wood poles for overhead lines
3.2.5.1 Instruction when using the guide specifications for steel single pole and H-frame structures 61
3.2.6 Environmental, health, and safety guidelines for electric power transmission and distribution
3.2.7 Europe
3.2.7.1 EU Eco-design Directive
3.2.7.1.1 Requirement for medium transformers
3.2.7.1.2 Requirement for dry transformers
3.2.7.1.3 Requirement for large transformers
3.2.7.1.4 Measurement and calculation method
3.2.7.1.5 Annex 1
3.2.7.1.6 Annex 2
3.2.7.1.7 Annex 3
3.2.7.1.8 Annex 4
3.2.7.2 Commission Regulation (EU) 2019/1783
3.2.7.2.1 Regulation (EU) No 548/2014 is amended as follows:
3.2.7.2.2 Annex 1: Annex I is replaced by the following
3.2.7.2.3 Annex 2: Annex II is replaced by the following
3.2.7.2.4 Annex 3: Annex III is replaced by the following
3.2.7.2.5 Annex 4: Annex IV is replaced by the following:
3.2.7.3 Safety Standards for Electrical Installations and Equipment in Explosives Facilities (UK)
3.2.7.3.1 Protection from power supply authority overhead power lines
3.2.7.3.2 Position, insulation, and protection of overhead lines
3.2.7.3.3 Electrical distribution within explosives areas
3.2.7.3.4 Crossing of Roads and Railways
3.2.7.4 Regulation 2024/1747 and Directive 2024/1711
3.2.7.5 UK
3.2.7.6 The Electricity Safety, Quality and Continuity Regulations 2002
3.2.7.7 Standards
3.2.7.8 Russia
3.2.7.8.1 Design Considerations for Substations and Switchyards
3.2.8 Asia Pacific
3.2.8.1 China
3.2.8.1.1 NationalčLa@sč(Appro>edčbBčthečNationalčPeople'sčCongress)
3.2.8.1.2 The Electric Power Law of the People's Republic of China
3.2.8.1.3 Electrical and Mechanical Services Department (EMSD)
3.2.8.1.4 China National Standards and China Electricity & Power Standards
3.2.8.1.4.1 Overhead line installations
3.2.8.1.4.1.1 Joints of overhead lines
3.2.8.1.5 Service to building
3.2.8.1.6 Conductor to ground clearance
3.2.8.1.7 Stay wire
3.2.8.1.8 Earthing of Metallic Parts and Earth Leakage (Protection)
3.2.8.2 SAARC Region
3.2.8.2.1 Rural electrification in Afghanistan
3.2.8.3 Central Asia
3.2.8.4 Southeast Asia
3.2.8.5 India
3.2.8.5.1 Central Electricity Authority
3.2.8.5.2 National & international quality standards, energy standards, manufacturing process standards, guidelines & manuals
3.2.8.5.3 Bureau of Indian Standards (BIS)
3.2.8.5.4 Amendments
3.2.8.5.4.1 Technical standards for construction of electrical plants and lines (Regulation 37) 102
3.2.8.5.4.2 Technical standards for construction of sub-stations and switchyards (Regulation 41- C) 103 ŅGlobalčMarketčInsightsčIncÌčAllčRightsčReser>edÌ Page | 7 Electric Distribution Utility Market Report, 2024_2032
3.2.8.5.5 Regulation 43
3.2.8.5.6 Regulation 54
3.2.8.5.7 Energy Conservation Building Code - Transformers
3.2.8.5.8 Guidelines for substation and power distribution system of buildings
3.2.8.5.8.1 Substation with DG Backup
3.2.8.5.8.2 Provision of SCADA PANEL in Substation
3.2.8.5.8.3 Provision of Main LT PANEL
3.2.8.5.8.4 APFC PANEL
3.2.8.5.8.5 Integrated substation to include transformers, DG Sets, UPS, AC Plant
3.2.8.5.9 Technical Standards for Construction of Substations
3.2.8.5.9.1 General considerations for substations
3.2.8.5.9.2 Selection of site
3.2.8.5.9.3 Substation layout
3.2.9 Japan
3.2.9.1 General Requirements
3.2.9.1.1 Electrical design and conditions
3.2.9.1.2 Specifications of electrical equipment
3.2.9.1.3 Electric mode
3.2.9.1.4 Civil part
3.2.9.1.5 Prevention of personal accidents
3.2.10 Australia
3.2.10.1.1 Maximum wind pressures for design
3.2.10.1.2 Maximum design temperatures
3.2.10.1.3 Strength factors for various components
3.2.10.2 General design and equipment parameters as per AS 2067
3.2.11 Middle East
3.2.11.1 UAE
3.2.11.1.1 DEWA REGULATIONS FOR ELECTRICAL INSTALLATIONS
3.2.11.2 Abu Dhabi
3.2.11.2.1 Technical standards, materials, and workmanship
3.2.11.2.1.1 Requirements for safety
3.2.11.2.2 Standards for cables
3.2.11.2.3 Standards for Underground Cables
3.2.11.3 Oman
3.2.11.3.1 Equipment Selection for Conductors
3.2.11.3.1.1 Non-flexible Cables
3.2.11.3.1.2 Flexible Cables and Cords
3.2.11.3.1.3 Underground Cables and Overhead Conductors
3.2.11.4 Saudi Arabia
3.2.12 Africa
3.2.12.1 West Africa
3.2.12.2 East Africa
3.2.12.3 Southern Africa
3.2.13 Saudi Arabia
3.2.13.1 Guidelines for substation by Electricity & Co-Generation Regulatory Authority
3.2.14 UAE
3.2.14.1 Guidelines for substation by DEWA
3.2.14.1.1 Technical Requirements
3.2.15 Oman
3.2.15.1 General
3.2.15.2 Cables inside substations
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.1.1 Adoption of smart grid network
3.3.1.2 Retrofitting of existing grid infrastructure coupled with rising peak load demand
3.3.1.3 Growing infrastructure investments
3.3.2 Industry Pitfalls and challenges
3.3.2.1 Significant upfront capital investment
3.4 Growth potential analysis
3.5 Porter's Analysis
3.5.1 Bargaining power of buyers
3.5.2 Bargaining power of suppliers
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
4.1 Introduction
4.2 Strategy Dashboard
4.2.1 Hitachi Energy Ltd.
4.2.1.1 New facility
4.2.1.2 Acquisition
4.2.1.3 Investment
4.2.1.4 Product deployment
4.2.1.5 Strategic investment
4.2.1.6 Agreement
4.2.2 ABB
4.2.2.1.1 Acquisition
4.2.2.1.2 Facility Expansion
4.2.2.1.3 Project
4.2.2.1.4 Collaboration
4.2.3 Siemens
4.2.3.1 Acquisition
4.2.3.2 Expansion
4.2.3.3 Agreement
4.2.3.4 Installation/supply
4.2.4 SGC
4.2.4.1 Project
4.2.5 Iberdrola SA
4.2.5.1 Partnership
4.2.5.2 Investment
4.2.6 GE Vernova
4.2.6.1 Spin off
4.2.6.2 Contract
4.2.6.3 Investment initiative
4.2.6.4 Award
4.2.6.4.1 Partnership
4.2.6.5 Installation/supply
4.2.6.6 Agreement
4.2.7 Eaton
4.2.7.1 Investment
4.2.7.2 Acquisition
4.2.8 Schneider Electric
4.2.8.1 Expansion
4.2.8.2 Collaboration
4.2.8.3 Acquisition
4.2.8.4 Project
4.2.9 Other strategies
4.3 Innovation & sustainability landscape
4.3.1 Siemens
4.3.2 ABB
4.3.3 Schneider Electric
4.3.4 Hitachi Energy Ltd.
4.3.5 Eaton
4.3.6 General Electric
4.3.7 Schneider Electric
4.4 Company market share
4.4.1 By Region
4.4.1.1 North America
4.4.1.2 Europe
4.4.1.3 Asia Pacific
4.4.1.4 Middle East & Africa
4.4.1.5 Latin America
4.4.2 By Component
4.4.2.1 Distribution Substations
4.4.2.2 Distribution Transformers
4.4.2.3 Switchgears
Chapter 5 Market, By Component
5.1 Key trends
5.2 Distribution substations
5.3 Distribution transformers
5.4 Distribution Switchgear
5.5 Distribution lines and poles
5.6 AMI Smart meters
Chapter 6 Market, By Voltage
6.1 Key trends
6.2 Low
6.3 Medium
Chapter 7 Market, By End Use
7.1 Key trends
7.2 Residential
7.3 Commercial
7.4 Industrial
Chapter 8 Market, By Region
8.1 Key trends
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 Russia
8.3.4 UK
8.3.5 Italy
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 South Korea
8.4.4 India
8.4.5 Australia
8.5 Middle East & Africa
8.5.1 Saudi Arabia
8.5.2 UAE
8.5.3 Egypt
8.5.4 South Africa
8.6 Latin America
8.6.1 Brazil
8.6.2 Argentina
Chapter 9 Company Profiles
9.1 ABB
9.1.1 Global overview
9.1.2 Business Overview
9.1.3 Financial Data
9.1.4 Product Landscape
9.1.5 Strategic Outlook
9.1.6 SWOT Analysis
9.2 ACWA Power
9.2.1 Business Overview
9.2.2 Financial Data
9.2.3 Project Landscape
9.2.4 SWOT Analysis
9.3 Anchor Electric
9.3.1 Global overview
9.3.2 Business Overview
9.3.3 Financial data
9.3.4 Product Landscape
9.3.5 SWOT analysis
9.4 China Yangtze Power Co., Ltd.
9.4.1 Global Overview
9.4.2 Market/Business Overview
9.4.3 Financial Data
9.4.4 Product landscape
9.4.5 SWOT analysis
9.5 Coil Innovation
9.5.1 Global overview
9.5.2 Business Overview
9.5.3 Financial Data
9.5.4 Product Landscape
9.5.5 Strategic Outlook
9.5.6 SWOT Analysis
9.6 Duke Energy
9.6.1 Global Overview
9.6.2 Market/Business Overview
9.6.3 Financial Data
9.6.4 Product landscape
9.6.5 SWOT analysis
9.7 Eaton
9.7.1 Global overview
9.7.2 Business Overview
9.7.3 Financial Data
9.7.4 Product Landscape
9.7.5 Strategic Outlook
9.7.6 SWOT analysis
9.8 Enel spa
9.8.1 Global Overview
9.8.2 Market/Business Overview
9.8.3 Financial Data
9.8.4 Product landscape
9.8.5 SWOT Analysis
9.9 Engie
9.9.1 Global Overview
9.9.2 Market/Business Overview
9.9.3 Financial Data
9.9.4 Product landscape
9.9.5 SWOT analysis
9.10 Fuji Electric Co., Ltd
9.10.1 Global overview
9.10.2 Business Overview
9.10.3 Financial Data
9.10.4 Product Landscape
9.10.5 SWOT analysis
9.11 GE Vernova
9.11.1 Global overview
9.11.2 Business Overview
9.11.3 Financial Data
9.11.4 Product Landscape
9.11.5 Strategic Outlook
9.11.6 SWOT analysis
9.12 Hitachi Energy Ltd.
9.12.1 Business overview
9.12.2 Financial Data
9.12.3 Product landscape
9.12.4 Strategic outlook
9.12.5 SWOT analysis
9.13 Iberdrola, S.A.
9.13.1 Global Overview
9.13.2 Market/Business Overview
9.13.3 Financial Data
9.13.4 Product Landscape
9.13.5 Strategic Outlook
9.13.6 SWOT Analysis
9.14 Kansai Electric Power
9.14.1 Global overview
9.14.2 Business Overview
9.14.3 Financial Data
9.14.4 Product Landscape
9.14.5 SWOT analysis
9.15 Lucy Group Ltd.
9.15.1 Global Overview
9.15.2 Market/Business Overview
9.15.3 Financial Data
9.15.4 Product Landscape
9.15.5 SWOT Analysis
9.16 Mitsubishi Electric
9.16.1 Global Overview
9.16.2 Business Overview
9.16.3 Financial data
9.16.4 Product Landscape
9.16.5 Strategic Outlook
9.16.6 SWOT analysis
9.17 National Grid
9.17.1 Global overview
9.17.2 Business Overview
9.17.3 Financial Data
9.17.4 Product Landscape
9.17.5 SWOT analysis
9.18 Schneider Electric
9.18.1 Global overview
9.18.2 Business Overview
9.18.3 Financial data
9.18.4 Product Landscape
9.18.5 Strategic Outlook
9.18.6 SWOT analysis
9.19 Siemens
9.19.1 Global overview
9.19.2 Business Overview
9.19.3 Financial data
9.19.4 Product Landscape
9.19.5 Strategic outlook
9.19.6 SWOT analysis
9.20 Orecco Electric
9.20.1 Global overview
9.20.2 Business Overview
9.20.3 Financial data
9.20.4 Product Landscape
9.20.5 SWOT analysis
9.21 SGC
9.21.1 Global overview
9.21.2 Business Overview
9.21.3 Financial data
9.21.4 Product Landscape
9.21.5 SWOT analysis
9.22 Southern Company
9.22.1 Global overview
9.22.2 Business Overview
9.22.3 Financial Data
9.22.4 Product Landscape
9.22.5 SWOT analysis
9.23 Research Practices

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