Press release
Transmission & Distribution Market Expected to Witness a Sustainable Growth Over 2031
Transparency Market Research delivers key insights on the global transmission & distribution market. In terms of revenue, the global transmission & distribution market is estimated to expand at a CAGR of 4.11% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global transmission & distribution.
๐๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ -https://www.transparencymarketresearch.com/electrical-transmission-distribution-market.html
Efficient long-distance transmission of electric power requires high voltages. This reduces the losses produced by heavy current. Transmission lines mostly use high-voltage AC; however, an important class of transmission line uses high voltage direct current. The voltage level changes with transformers, stepping up the voltage for transmission and subsequently, reducing voltage for local distribution and use by customers.
Industrialization and urbanization have increased significantly across all the world. This has boosted the demand for electricity. More than 3.8 trillion kW per hour of electricity was consumed in the U.S. in 2020.
The demand for electricity is expected to continue to rise across the globe during the forecast period. Governments and various companies are investing significantly in infrastructure to develop smart cities. This, coupled with increase in disposable income of consumers, is expected to propel the demand for electricity in the near future.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=691
๐๐ซ๐๐ง๐ฌ๐ฆ๐ข๐ฌ๐ฌ๐ข๐จ๐ง & ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ: ๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ ๐ข๐จ๐ง๐ฌ
The renewable energy generation capacity of North America is anticipated to increase in the near future, owing to high customer willingness to adopt renewable energy in view of the rise in stringent environment-related regulations and growth in pressure to minimize energy consumption from buildings to reduce CO2 emissions.
Currently, numerous renewable energy projects are in the pipeline in the U.S. Significant investments are being made in solar energy projects in the country. The U.S. has the largest production capacity of renewable energy in North America. Furthermore, investments in renewable energy projects by private players have been rising in the country due to government initiatives and increased awareness about renewable energy. This is likely to propel the transmission & distribution market in North America.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=691
Europe is one of the key regions in the global transmission & distribution market. This can be ascribed to rise in investments toward development of clean technologies such as solar and wind for power generation in the region.
The Renewable Energy Directive of the European Union establishes an overall policy for production and promotion of energy from renewable resources in the European Union (EU). Germany was the leading country of the transmission & distribution market in Europe in 2020. France is another lucrative country in the transmission & distribution market in Europe.
Asia Pacific is the dominant region of the global transmission & distribution market. This can be ascribed to the high demand for electricity in China, India, and Japan. Thus, they are investing significantly in power transmission and distribution across the region. Increase in demand for electricity, primarily in rural areas, and rise in investments by grid operators in designing of electrical grids are expected to boost the transmission & distribution market in the region. Moreover, steady economic growth, rapid urbanization, and improvement in standard of living are some of the key factors boosting the demand for electricity in Asia Pacific.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=691
๐๐ซ๐๐ง๐ฌ๐ฆ๐ข๐ฌ๐ฌ๐ข๐จ๐ง & ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
Key players operating in the global transmission & distribution market include Siemens, ARTECHE, Europower Energie B.V., Eltel Networks, GENERAL ELECTRIC, Renewable Energy Systems Ltd. Bechtel Corporation, ABB, Mitsubishi Electric, Hartek Group., STEAG GMBH, Reliance Infrastructure Limited, L&T Construction, Intertek, TUV SUD, SGS, Bureau Veritas, and Dekra.
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants.
The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ
Rohit Bhisey
Transparency Market Research Inc.
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