According to the recent study the Electric Transmission and Distribution Equipment Market is projected to reach an estimated $381 billion by 2027 from $278 billion in 2021, at a CAGR of 5.4% from 2021 to 2027. Growth in this market is primarily driven by increasing demand for electricity, new power generation capacity additions, and the expansion of transmission and distribution infrastructure.
Browse 135 figures /
charts and 115 tables in this 190 -page report to understand trends,
opportunities and forecast in electric transmission and distribution equipment
market by product type (wires and cables, switchgears, transformers, meters,
insulators, and capacitors), voltage (low voltage, medium voltage, and high
voltage), end use (utilities, industrial, residential, and commercial), and
region (North America, Europe, Asia Pacific, and the Rest of the World).
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on below link https://www.lucintel.com/electric-transmission-and-distribution-equipment-market.aspx
“Wires and cables market is expected to
remain the largest segment during the forecast period.”
Based on product type,
the electric transmission and distribution equipment market is segmented into wires
and cables, switchgears, transformers, meters, insulators, and capacitors.
Lucintel forecasts that the wires and cables market is expected to remain the
largest segment due to increasing electricity access to residential and
commercial buildings.
“Within the electric transmission and distribution equipment
market, the utilities segment is expected to remain the largest end use
industry.”
Based on end use
industry the utilities segment is expected to witness the highest growth over
the forecast period due to the replacement and upgradation of existing
infrastructure and increasing focus on renewable energy.
“Asia pacific will dominate the electric transmission and
distribution equipment market in near future.”
Asia Pacific is expected
to remain the largest market by value; it 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.
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Major players of
electric transmission and distribution equipment market are adopting various
growth strategies like new product launches, expansions, merger and
acquisitions, partnerships, agreements, and collaborations to expand their
presence in this market. ABB Ltd., Bharat Heavy Electricals Ltd., Crompton
Greaves Ltd, Siemens AG, Alstom SA, Schneider Electric, General Electric,
Havells India Ltd., Mitsubishi Electric Corporation, EMCO Ltd., and TBEA are
among the major electric transmission and distribution equipment providers.
This unique 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 click on this link https://www.lucintel.com/electric-transmission-and-distribution-equipment-market.aspx or helpdesk@lucintel.com.
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Contact:
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Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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