Power Grid Market Size 2024: Global Share, Industry And Report Analysis By 2031 | PHPK Technologies Inc. Ruhrpumpen Group SHI Cryogenics Group

Power grid market is anticipated to grow at a moderate CAGR of 5.5% during the forecast period (2024-2031). Power grids are used to deliver electricity from power plants to houses and businesses across the country. It is at the core of any nation to transport electricity throughout the nation, which is enabled by power grid companies and infrastructure. It is a vast network of power generation, transmission, and delivery with proper power management for consumers consisting of infrastructure such as power stations, transmission lines, and distribution lines.

Get Free Sample link @ https://www.omrglobal.com/request-sample/power-grid-market

To meet rising electricity demand, governments are investing in electricity infrastructure including transmission and distribution infrastructure to strengthen rural electricity networks as well as provide better electricity transmission to urban areas. For instance, according to IEA estimates around $2.8 trillion were anticipated to be invested in energy in 2023. More than $1.7 trillion is going to clean energy, including renewable power, nuclear, grids, storage, low-emission fuels, efficiency improvements, and end-use renewables and electrification. The remainder, slightly over $1.0 trillion, is going to unabated fossil fuel supply and power, of which around 15.0% is to coal and the rest to oil and gas.

full report of Power Grid Market available @ https://www.omrglobal.com/industry-reports/power-grid-market

• Market Coverage
• Market number available for - 2024-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Power Grid Market Report Segment
By Component
• Cables
• Variables Speed drives
• Transformers
• Switchgear

By Power Source
• Conventional Power
• Renewable Power
• Nuclear Power
• Hybrid Power

By Application
• Generation
• Transmission
• Distribution

Global Power Grid Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa

The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global power grid market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/power-grid-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

This release was published on openPR.