Lucintel's latest market report analyzed that electric transmission and distribution equipment provides attractive opportunities in the power utilities, residential, commercial, and industrial sectors. The electric transmission and distribution equipment market is expected to reach $400 billion by 2028 with a CAGR of 4.5%. In this market, wires and cables is the largest segment by product type, whereas utility is largest by end use industry. 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.
Based on product type,
the electric transmission and distribution equipment market is segmented into
wires and cables, switchgears, transformers, meters, insulators, and
capacitors. The wires and cables segment accounted for the largest share of the
market in 2021 and is expected to register the highest CAGR during the forecast
period, due to the increasing electricity access to residential and commercial
buildings.
Browse in-depth TOC on
“Electric Transmission and Distribution Equipment Market”
115 – Tables
135 – Figures
190 – Pages
The Electric
Transmission and Distribution Equipment Market is marked by the presence of
several big and small players. Some of the prominent players offering electric
transmission and distribution equipment include 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.
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 helpdesk@lucintel.com.
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.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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