Press release
Electric Power Transmission and Distribution Equipment Market Destined to Grow at CAGR of 4.5% During 2023-28
The global electric power transmission and distribution equipment market is expected to exhibit a growth rate (CAGR) of 4.5% during 2023-2028.
Electric power transmission and distribution equipment refers to the various components and systems used in the transmission and distribution of electrical energy from power plants to consumers. It includes equipment, such as transformers, switchgear, circuit breakers, power cables, insulators, and protective devices. It is designed to handle high voltage levels and is used to transfer electricity over long distances. Electric power transmission and distribution equipment offer several benefits that contribute to the effective functioning of the electrical grid, such as efficient power transfer, reliable power supply, effective load management and balancing, and enhanced power quality.
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Electric Power Transmission and Distribution Equipment Market Trends:
The increasing demand for electricity across the globe is one of the key factors propelling the market growth. In line with this, the increasing adoption of smart grid technologies, such as advanced metering infrastructure and distribution automation, that require the deployment of new equipment, is supporting the market growth. Apart from this, various product innovations in materials, designs, and digital technologies to improve the efficiency, reliability, and monitoring capabilities of the equipment are providing an impetus to the market growth.
Furthermore, the transition towards a cleaner and more sustainable energy mix involving the integration of renewable energy sources, such as solar and wind, into the electrical grid is positively influencing the market growth. Other factors, including grid modernization initiatives, and the implementation of various government policies to encourage investment in the power sector, promote renewable energy deployment, and enhance grid reliability, are presenting remunerative growth opportunities for the market.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• ABB Ltd.
• Alstom SA
• CG Power and Industrial Solutions Limited
• Eaton Corporation
• EMCO Limited
• General Electric
• Hubbell Incorporated
• Itron Incorporated
• Kohler Company
• Larsen & Toubro Limited
• Mitsubishi Electric Corporation
• Schneider Electric SE
• Siemens AG
• TBEA Co., Ltd.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/electric-power-transmission-distribution-equipment-market
Key Market Segmentation:
Breakup by Equipment Type:
• Wire and Cable
• Switchgear and Switchboard
• Transformer
o Power
o Distribution
o Specialty
• Meters
o Basic Meter
o Smart Meter
• Insulator & Capacitor
• Others
Breakup by Powerline Installation Type:
• Underground Installation
• Overhead Installation
Breakup by Voltage:
• Low Voltage Distribution
• Medium Voltage Distribution
• High Voltage Distribution
Breakup by End-Use Industry:
• Utilities
• Industrial
• Residential
• Commercial
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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