Press release
Surge in Power Generation, Transmission, and Control Equipment Market: From $541.24 Billion in 2024 to $679.7 Billion by 2029
Power Generation, Transmission And Control Equipment Market Size
What Is The Projected Market Size Of The Global Power Generation, Transmission And Control Equipment Global Market Report 2025 And Its Growth Rate?
• The market grew from $541.24 billion in 2024 to an estimated $571.12 billion in 2025, marking a CAGR of 5.5%.
• Growth factors include increased industrialization, grid expansion, rural electrification programs, nuclear power development, and government incentives.
• The market is projected to reach $679.7 billion in 2029 at a compound annual growth rate (CAGR) of 4.4%
• This anticipated growth is connected to rising decentralized energy systems, augmented electric vehicle charging infrastructure, resilience planning, economic growth, and the demand for smart appliances.
What Is Driving The Growth In The Power Generation, Transmission And Control Equipment Global Market Report 2025?
A key driver for the growth of the power generation, transmission, and control equipment market is the escalating demand for electricity. Increasing electricity demand spurs innovation, leads to the development of more advanced and efficient technologies, and bolsters research and development efforts for improving the efficiency and reliability of power generation, transmission, and control equipment. For instance, Exxon Mobil Corporation, a US-based natural gas company, predicted in August 2023 that electricity demand would rise by 1.8%-year, accounting for roughly 50% of this industry by 2050.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3066&type=smp
Who Are the Key Players Driving Power Generation, Transmission And Control Equipment Global Market Report 2025 Growth?
Key players in the market include:
• Hitachi Ltd.
• Siemens AG
• General Electric Company
• Caterpillar Inc.
• Schneider Electric SE
• Mitsubishi Electric Corp.
• Honeywell International Inc.
• Mitsubishi Heavy Industries Ltd.
• ABB Ltd.
• Toshiba Corporation
• Cummins Inc.
• Eaton Corporation
• Larsen & Toubro Limited
• Alstom SA
• Nidec Corp.
• Rolls-Royce Holdings plc
• Emerson Electric Co.
• Kawasaki Heavy Industries Ltd.
• Rockwell Automation Inc.
• Fuji Electric Co. Ltd.
• Wärtsilä Corporation
• Bharat Heavy Electricals Limited
• Bharat Electronics Limited
• Crompton Greaves Ltd.
• Doosan Heavy Industries & Construction Co. Ltd.
What Are The Key Trends In The Power Generation, Transmission And Control Equipment Global Market Report 2025?
Key trends include:
• Digitalization and industry 4.0
• Cybersecurity for critical infrastructure
• Hybrid power systems
• Use of artificial intelligence (AI) in grid management
• Carbon capture and storages
What Are The Segments Of The Global Power Generation, Transmission And Control Equipment Global Market Report 2025?
The market is segmented by:
• Type: Transformer, Electric Motor And Generator, Switchgear And Switchboard Apparatus, Relay And Industrial Controls
• Application: Residential, Commercial, Automotive, Other Applications
• End User Sector: Private, Public
Which Region Leads The Power Generation, Transmission And Control Equipment Global Market Report 2025?
Asia-Pacific was the largest region in the power generation, transmission, and control equipment market in 2024, closely followed by Western Europe. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/power-generation-transmission-and-control-equipment-global-market-report
What Is Covered In The Power Generation, Transmission And Control Equipment Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Power Generation, Transmission And Control Equipment Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Power Generation, Transmission And Control Equipment Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Power Generation, Transmission And Control Equipment Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Power Generation, Transmission And Control Equipment Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=3066&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Surge in Power Generation, Transmission, and Control Equipment Market: From $541.24 Billion in 2024 to $679.7 Billion by 2029 here
News-ID: 3844871 • Views: …
More Releases from The Business Research Company
Leading Companies Fueling Growth and Innovation in the Sun Care Products Market
The sun care products market is on track for substantial expansion as consumer awareness about skin protection intensifies worldwide. With evolving preferences and technological advancements shaping product offerings, this sector is set to witness robust growth in the coming years. Let's explore the market's size projections, key players, emerging trends, and major segments driving its development through 2030.
Projected Size and Growth Trajectory of the Sun Care Products Market
The…
Future Perspectives: Key Trends Shaping the Styrene Butadiene Rubber (SBR) Based …
The styrene butadiene rubber (SBR) based adhesive market is on track for notable growth as we approach 2030. Driven by a variety of factors including expanding infrastructure projects and rising demand across multiple industries, this sector is poised for steady expansion. Let's explore the market's size projections, key players, emerging trends, and the main segments shaping its future.
Projected Growth and Market Size of Styrene Butadiene Rubber Based Adhesives
The…
Emerging Sub-Segments Transforming the Stearic Acid Market Landscape
The stearic acid market is poised for significant expansion in the coming years, driven by evolving demand across various industries. This report explores the projected market size, leading companies, key trends, and segment analysis shaping the future of this vital chemical.
Stearic Acid Market Size and Growth Outlook
The stearic acid market is set to grow robustly, reaching a valuation of $54.63 billion by 2030. This represents a compound annual…
Market Trend Insights: The Impact of Recent Innovations on the Specialty Pestici …
The specialty pesticides sector is on the verge of significant expansion as global agricultural practices continue to evolve. Driven by increasing demand for crop protection and sustainable farming techniques, this market is set to experience robust growth in the coming years. Let's explore the market's anticipated value, leading companies, emerging trends, and detailed segmentation to gain a comprehensive understanding of this dynamic industry.
Projected Market Size and Growth Expectations for Specialty…
More Releases for Control
Top distributors of Access Control & Entrance Control Solutions
FOR IMMEDIATE RELEASE
CDN Technology Delivers Advanced Security and Workforce Solutions to Leading Enterprises in India
India - CDN Technology, (https://www.cdntechnology.co/) a trusted provider of access control, attendance, and security solutions, is strengthening India's enterprise and institutional security infrastructure with cutting-edge products and robust service delivery.
Specialising in biometric and AI-based face recognition attendance machines, access control systems, boom barriers (https://www.cdntechnology.co/products/boom-barrier), flap barriers, turnstiles, door frame metal detectors, and baggage scanners, CDN Technology…
Taking Control: Automotive Seat Control Modules Market Innovations
According to the recent findings by Persistence Market Research, sales of automotive seat control modules are anticipated to reach a value of US$ 8.95 Billion in 2022 with consistent long-term projections for the market. According to the report, the market will expand at 5.3% CAGR from 2022 to 2032. Automotive seat control modules are seeing increasing sales as customers demand more comfortable seats and various automobile interior accessories.
Integrated systems that…
Insect pest control Market Demand, Overview, Size, Trend, and Cleankill Pest Con …
Global Insect pest control report from Global Insight Services is the single authoritative source of intelligence on Insect pest control market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product…
Global Control Valves Market | Control Valves Industry | Covid-19 Impact Global …
Control valves refer to valves used in process industries to regulate process variables, such as flow, pressure, temperature, and fluid level in process industries including water management, chemicals, oil & gas, power generation, pharmaceuticals, automotive, mining, and food & beverages. These valves play a vital role in mounting efficiency, safety, and profitability of these process industries. Moreover, manufacturers of control valves are continually engaged in research & development (R&D) activities…
Turbine Control System Market Report 2018: Segmentation by Component (Sensors, H …
Global Turbine Control System market research report provides company profile for ABB (Switzerland), Siemens (Germany), Honeywell (US), Emerson (US), GE (US) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides…
Global Acoustic Control System Market 2017 Acoustic Control, Oceaneering Interna …
Global Acoustic Control System sales will reach about 1011 billion USD in 2017 from 875 billion USD in 2012 all around the world, with the CAGR of 2.62%. The Leading growing markets are China, Southeast Asia, etc. USA, EU, Oceania, India, etc. is the mature market with low growth rate.
Global Acoustic Control System Market Size, Status and Forecast 2022 provides Market information about Manufacturers, Countries, Type and Application.This Acoustic Control…
