Press release
T&D Equipment Market to Expand at a CAGR of 6.90% to 2021 Due to Rise in power Industry
Power is generated at a power plant, and the T&D equipment infrastructure is used to transport the generated power to substations and then to electric utility transformers, which deliver electricity to domestic, commercial, and industrial end-users.
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Components such as power substations, transmission lines, power cables, switchgears, and power transformers are extensively used in power grids and electricity distribution systems. Therefore, they make primary building blocks in a T&D infrastructure. The market is segmented into power cables, transformers, and switchgears.
Technavios analysts forecast the global T&D equipment market to grow at a CAGR of 6.90% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global T&D equipment market for 2017-2021. To calculate the market size, the report considers the new installations and retrofit market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global T&D Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
ABB
General Cable Technologies
Nexans
Prysmian
Siemens
Other prominent vendors
AEI Cables
Belden
E+I Engineering
Eaton
Furukawa Electric Industrial Cable
GENERAL ELECTRIC
Hyundai Heavy Industries
International Wire Group
JDR Cable Systems
LS Cable
Mitsubishi Electric
NKT Group
S&C Electric Company
Schneider Electric
SKEMA
Southwire
Sumitomo Electric Industries
Able UK
Brugg Cables
Fujikura
LEONI
PARKER HANNIFIN
TPC Wire & Cable
BHEL
CG
Chint Group
HYOSUNG
Toshiba
Lucy Electric
Market driver
Increased demand for power generation
For a full, detailed list, view our report
Market challenge
Increase in distribution generation
For a full, detailed list, view our report
Market trend
Growing focus on energy efficiency
For a full, detailed list, view our report
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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