Lucintel's latest market report analyzed that electric power transmission and distribution equipment provides attractive opportunities in the power utilities, residential, commercial, and industrial sectors. The electric power transmission and distribution equipment market is expected to reach $381 billion by 2027 with a CAGR of 5.4%. In this market, wire and cable is the largest segment by product type, whereas utilities are largest by end use industry. The growing implementation of smart grid technology, implementation of advanced metering infrastructure, and transition from conventional to modular switchgears provides strategic growth path in this market.
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Based on product type,
the electric power transmission and distribution equipment market is segmented
into wires and cables, switchgears, transformers, meters, insulators, and
capacitors. The wires and cables segment is accounted for the largest share of
the market in 2021 due to increasing electricity access to residential and commercial
buildings and transformer witness the highest growth in the forecast period supported
by government spending in electrical infrastructure and growth in housing
demand in emerging markets.
Browse in-depth TOC on “Electric
Power Transmission and Distribution Equipment Market”
115 – Tables
135 – Figures
190 – Pages
The electric power
transmission and distribution equipment market is marked by the presence of
several big and small players. Some of the prominent players offering electric power
transmission and distribution equipment include ABB, Siemens AG, Mitsubishi
Electric Corp., Schneider Electric, General Electric, Xian XD Switchgear
Electric, and Crompton Greaves.
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Brandon Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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