Press release
Key Trend Reshaping the Power Generation, Transmission And Control Equipment Market in 2025: ABB Launches High-Efficiency IE5 SynRM Liquid-Cooled Motors, Pioneering Innovation in Power Generation and Control Equipment Marke
Power Generation, Transmission And Control Equipment
The escalating requirement for electricity is likely to fuel the expansion of the market for power generation, transmission, and control equipment in the future. Electricity, an energy form that results from charged particles' existence such as electrons or protons, attracts investments and fosters innovation due to its increasing demand. It stimulates the creation of more efficient and sophisticated technologies and promotes further research and development pursuits to enhance the efficiency and reliability of power generation, transmission and control equipment. As an illustration, Exxon Mobil Corporation, an American natural gas entity, predicted in August 2023 that the demand for electricity would see a 1.8% yearly boost, representing approximately half of this sector by 2050. Hence, the growing demand for electricity is driving the growth of the power generation, transmission, and control equipment sector.
Get Your Power Generation, Transmission And Control Equipment Market Report Here:
https://www.thebusinessresearchcompany.com/report/power-generation-transmission-and-control-equipment-global-market-report
What is the future CAGR of the power generation, transmission and control equipment market, and how will it impact industry expansion?
The market size for power generation, transmission and control equipment has seen significant growth in the past few years. The market is expected to expand from $541.24 billion in 2024 to $571.12 billion in 2025, signifying a compound annual growth rate (CAGR) of 5.5%. The positive growth during the historical period can be credited to factors such as increased industrialization, the expansion of power grids, initiatives for rural electrification, the evolution of nuclear power, and government incentives.
The market size for equipment pertaining to power generation, transmission, and control is anticipated to experience consistent growth over the coming years. It's projected to increase to $679.7 billion by 2029, with a compound annual growth rate (CAGR) of 4.4%. Factors contributing to the forecasted growth include expansion of decentralized energy systems, the infrastructure for electric vehicle charging, resilience planning, economic growth, and rising demand for smart appliances. The forecast period is expected to witness significant trends such as digitalization, industry 4.0, critical infrastructure cybersecurity, hybrid power systems, the utilization of artificial intelligence (AI) in grid management, and carbon capture and storages.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3066&type=smp
What are the most significant trends transforming the power generation, transmission and control equipment market today?
Significant players in the power generation, transmission, and control equipment industry are concentrating on the production of inventive products like liquid-cooled motors. These motors manage their temperature by utilizing flowing liquid to avoid overheating, thus enhancing performance by releasing extra heat via a cooling system. For instance, in February 2024, Swiss automation company ABB Ltd. introduced the IE5 SynRM motor. The IE5 SynRM Liquid-cooled motors combine the ultra-efficient SynRM technology with high-performance liquid cooling, providing compact and robust solutions that reduce energy and upkeep expenses, rendering them a perfect replacement for older induction motors.
Which key market segments comprise the power generation, transmission and control equipment market and drive its revenue growth?
The power generation, transmission and control equipment market covered in this report is segmented -
1) By Type: Transformer, Electric Motor And Generator, Switchgear And Switchboard Apparatus, Relay And Industrial Controls
2) By Application: Residential, Commercial, Automotive, Other Applications
3) By End User Sector: Private, Public
Subsegments:
1) By Transformer: Power Transformer, Distribution Transformer, Instrument Transformer
2) By Electric Motor And Generator: AC Motors, DC Motors, Synchronous Generators, Asynchronous Generators
3) By Switchgear And Switchboard Apparatus: High Voltage Switchgear, Low Voltage Switchgear, Circuit Breakers, Disconnect Switches
4) By Relay And Industrial Controls: Electromechanical Relays, Solid State Relays, Programmable Logic Controllers (PLCs), Control Panels
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3066
What regions are at the forefront of power generation, transmission and control equipment market expansion?
Asia-Pacific was the largest region in the power generation, transmission and control equipment market in 2024. Western Europe was the second largest region in the power generation, transmission and control equipment market. The regions covered in the power generation, transmission and control equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the power generation, transmission and control equipment market?
Major companies operating in the power generation, transmission and control equipment 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.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=3066&type=smp
What Is Covered In The Power Generation, Transmission And Control Equipment Global Market Report?
•Market Size Forecast: Examine the power generation, transmission and control equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the power generation, transmission and control equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the power generation, transmission and control equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the power generation, transmission and control equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the power generation, transmission and control equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the power generation, transmission and control equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the power generation, transmission and control equipment market.
•Competitive Landscape: Review strategic developments in the power generation, transmission and control equipment market, including expansions, agreements, and new product launches.
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 Key Trend Reshaping the Power Generation, Transmission And Control Equipment Market in 2025: ABB Launches High-Efficiency IE5 SynRM Liquid-Cooled Motors, Pioneering Innovation in Power Generation and Control Equipment Marke here
News-ID: 3911661 • Views: …
More Releases from The Business Research Company
Analysis of Key Market Segments Influencing the Extraterrestrial Legal Systems M …
Exploring the Future of Extraterrestrial Legal Systems
As humanity advances its presence beyond Earth, the need for specialized legal frameworks governing activities in outer space is becoming increasingly critical. The extraterrestrial legal systems market is set to expand rapidly, driven by the complexities of managing property rights, regulatory compliance, and dispute resolution in off-world environments. Let's delve into the anticipated market value, key players, significant trends, and the main segments shaping…
Emerging Growth Trends Driving Expansion in the Explosion Proof Cabins Market
The explosion proof cabins market is set to experience significant growth over the coming years, driven by increasing industrial safety demands and technological advancements. This market's evolution is shaped by emerging materials, innovative designs, and expanding applications, which all contribute to the rising adoption of explosion-resistant cabins in hazardous environments.
Forecast of the Explosion Proof Cabins Market Size by 2030
The explosion proof cabins market is projected to reach a value of…
Market Structure, Emerging Trends, and Key Player Analysis of the Electronic Pay …
The electronic payload fairing separation system market is poised for impressive expansion as innovations and technological advancements continue to reshape space launch operations. This report delves into the anticipated market size, key players, emerging trends, and segment classifications, offering a comprehensive overview of this specialized aerospace sector.
Projected Market Size and Growth Trajectory for Electronic Payload Fairing Separation Systems
The market for electronic payload fairing separation systems is forecasted to achieve substantial…
Leading Companies Fueling Growth and Innovation in the Dual Mode Microwave Seeke …
The dual mode microwave seeker market is positioned for significant expansion over the coming years, driven by a range of technological advancements and increasing defense requirements. This segment plays a crucial role in modern warfare and missile guidance, with innovation and integration shaping its future trajectory. Let's explore the current market size, key drivers, major players, and segmentation of this specialized industry.
Projected Market Growth for the Dual Mode Microwave Seeker…
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…
