Press release
Global Electricity Transmission and Distribution Market to Witness a Pronounce Growth During 2023
Electricity Transmission and Distribution systems consist of many devices used in power transmission and distribution. Such devices include switchgears, transformers, Transmission Tower, Power Cables & Wires and so on.
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Global Electricity Transmission and Distribution Market: Forecast by Type / Application / Region
Transmission Tower,Power Cables & Wires. Complete sets of electricity transmission and distribution equipment suppliers still concentrated in ABB, Siemens, Alstom, Schneider Electronics. Other single device suppliers major include TOSHIBA,GE,Hitachi,Fuji Electric,Mitsubishi Electric,China XD Group,SYOSUNG,TBEA.
Despite the slowdown of global economic growth in recent years,the electricity infrastructure investment of each country still keep on stable growth.The growth of transformers will be faster than other key equipment.The transformers used in transmission and distribution industry will grow to 35.2billion USD in 2020 .The switchgears used in transmission and distribution industry will grow to 38.4billion USD,the Transmission Tower and Power Cables & Wires market will grow to 29.9 billion USD and 42.1billion USD.
According to the electricity infrastructure investment plan of each country, Africa ,India and some emerging markets still have great potential for growth in the future. Due to the clear global recovery trend, investors are still optimistic about this area.
Although electricity transmission and distribution industry have a lot of opportunities, for the new entrants with only advantage in capital without sufficient support in technology and downstream channels, the research group did not recommend to enter this market.
Over the next five years, LPI(LP Information) projects that Electricity Transmission and Distribution will register a 4.5% CAGR in terms of revenue, reach US$ 34300 million by 2023, from US$ 26400 million in 2017.
Global Electricity Transmission and Distribution Market: Key Players
ABB
SIEMENS
Alstom
Schneider
TOSHIBA
GE
Hitachi
Fuji Electric
Mitsubishi Electric
China XD Group
SYOSUNG
TBEA
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Related Information:
United States Electricity Transmission and Distribution Market Research Report 2018
Europe Electricity Transmission and Distribution Market Research Report 2018
North America Electricity Transmission and Distribution Market Research Report 2018
Asia-Pacific Electricity Transmission and Distribution Market Research Report 2018
China Electricity Transmission and Distribution Market Research Report 2018
EMEA Electricity Transmission and Distribution Market Research Report 2018
Global Electricity Transmission and Distribution Market Research Report 2018
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