According to the recent study the Electric Transmission and Distribution Equipment Market is projected to reach an estimated $448 billion by 2030 at a CAGR of 5% from 2024 to 2030. 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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Electric Transmission and
Distribution Equipment Market.
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.
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 residential end use segment is likely to experience the
highest growth over the forecast period, supported by growth in low voltage
equipment, including cables and switchgears.
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.
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
the major suppliers in the 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 write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972 636 5056
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