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 $324 billion by 2024 with a CAGR of 5% from 2019
to 2024. The major drivers 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 & cable, transformer, switchgear, capacitor, insulator, and
meters are used for transmission and distribution of electricity. Lucintel
forecasts that the wire and cable segment will remain the largest segment due
to increasing electricity access to residential and commercial buildings. The transformer
segment is expected to witness the highest growth over the forecast period
supported by government spending in electrical infrastructure and growth in
housing demand in emerging markets.
Within the
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 residential end use is likely to
experience the highest growth over the forecast period supported by growth in
low voltage equipment, including 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 electric transmission
and distribution equipment 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 markets
by product type, voltage, end use industry, and
region.
Lucintel has prepared a comprehensive research
report entitled “Growth
Opportunities in the Global Electric Transmission and Distribution Equipment Market
2019-2024: Trends, Forecast, and Opportunity Analysis.” The
Lucintel report serves as a catalyst for growth strategy as it provides
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the global electric transmission and
distribution equipment market by product
type, voltage, end use industry, and region as follows:
By End Use Industry [$M shipment analysis for
2013 – 2024]:
- Utilities
- Industrial
- Residential
- Commercial
By Product Type [$M shipment analysis for 2013
– 2024]:
- Wire and Cable
- Switchgear
- Transformers
−
Power
−
Distribution
−
Specialty
- Meters
−
Basic Meters
−
Smart Meters
- Insulator
- Capacitor
By Voltage [$M shipment analysis for 2013 –
2024]:
- Low Voltage
- Medium Voltage
- High Voltage
By Region [$M shipment analysis for 2013 – 2024]:
·
North
America
−
US
−
Canada
−
Mexico
·
Europe
−
Russia
−
Germany
−
United Kingdom
−
France
−
Italy
·
Asia Pacific
−
China
−
India
−
South Korea
−
Japan
·
The Rest of the World
−
Brazil
−
Saudi Arabia
−
South Africa
This 190-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, Due
Diligence, Capital
Investment Analysis and Strategic
Growth Consulting.
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 the 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 material or product substitution?
Q.11 What M & A activities have taken
place in the last 5 years in this market?
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