According to a new market report published by Lucintel,
the future of the electric transmission and distribution equipment market looks
promising with opportunities in the power utilities, residential, commercial,
and industrial sectors. The global electric transmission and distribution
equipment market is expected to reach an estimated $304 billion by 2022 and is
forecast to grow at a CAGR of 6.2% from 2017 to 2022. The major drivers of
growth for this market are increasing demand for electricity, new power
generation capacity additions, and the expansion of transmission and
distribution infrastructure.
In this market, wire and cable, switchgear,
transformer, meters, insulator and capacitor are the major products used in the
transmission and distribution of electricity. Lucintel forecasts that the wire
and cable segment is expected to remain the largest and it is also expected to
witness the highest growth in the forecast period supported by government
spending in electrical infrastructure and growth in housing demand in emerging
markets.
Within the electric transmission and
distribution equipment market, utilities are expected to remain the largest end
use market due to the replacement and upgradation of existing infrastructure
and increasing focus on renewable energy. Lucintel predicts that the demand for
equipment in residential end use is likely to experience the highest growth in
the forecast period supported by growth in low voltage equipment such as cable
and switchgear.
Asia Pacific is expected to remain the largest
market by value and is also expected to witness the highest growth over the
forecast period because of growth in construction activities, increasing
electric access, urbanization, and rapid industrialization.
Emerging
trends, which have a direct impact on the dynamics of the industry, include
growing implementation of smart grid technology, implementation of advanced metering
infrastructure, and transition from conventional to modular switchgears. ABB,
Siemens AG, Mitsubishi Electric Corp., Schneider Electric, General Electric, Xian
XD Switchgear Electric and Crompton Greaves are among the major suppliers of
electric transmission and distribution equipment.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the global electric
transmission and distribution equipment market by product type, voltage type,
end use, and region and has come up with a comprehensive research report, “Growth
opportunities in the Global Electric Transmission and Distribution Equipment
Market 2017-2022: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring
board for growth strategy as it provides a comprehensive data and analysis on
trends, key drivers, and directions. The study includes a forecast for the
electric transmission and distribution equipment market by product type,
voltage type, end use, and region as follows:
By product type [$B shipment analysis for 2011
– 2022]:
- Wire and Cable
- Switchgear
- Transformer
– Power
– Distribution
– Specialty
- Meter
– Basic
Meter
– Smart
Meter
- Insulator
- Capacitor
By Voltage [$B
shipment analysis for 2011 – 2022]:
- Low Voltage
- Medium Voltage
- High Voltage
By End Use Industry [$B shipment analysis for
2011 – 2022]:
- Utilities
- Industrial
- Residential
- Commercial
By Region [$B shipment analysis for 2011 – 2022]:
- North America
– United
States
– Canada
– Mexico
- Europe
– Russia
– Germany
– United
Kingdom
– France
– Italy
- Asia Pacific
– China
– India
– Japan
– South
Korea
- The Rest of the World
– Brazil
– Saudi
Arabia
– South
Africa
This
178-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel
offerings include Energy
Market Report, Energy
Industry, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising potential,
high-growth opportunities for global electric transmission and distribution
equipment market by product (wire and cable switchgear, transformer, meter,
insulator, and capacitor), voltage type (low voltage, medium voltage, and high
voltage), end use (utilities, industrial, residential, and commercial), and by region
(North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are emerging trends in this market
and the reasons behind them?
Q.7 What are some changing demands of
customers in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10
What are some of the competitive products and processes in this area and
how big of a threat do they pose for loss of market share via materials /
product substitution
Q.11 What M & A activities have occurred in
the last 5 years in this market?
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