Emerging Trends to Reshape the Power Generation, Transmission And Control Equipment Market: ABB Launches High-Efficiency IE5 SynRM Liquid-Cooled Motors, Pioneering Innovation in Power Generation and Control Equipment Marke as a Key Influencer

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Power Generation, Transmission And Control Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The steady growth of the power generation, transmission, and control equipment industry has been noted in recent years, with the market expected to expand from an impressive $530.76 billion in 2024 to an even more astounding $550.01 billion in 2025. This increase signifies a compound annual growth rate (CAGR) of 3.6%. Factors contributing to the growth observed in the historical period include enhanced industrialization, expansive grid developments, initiatives for rural electrification, the development of nuclear power, and government incentives.

Power Generation, Transmission And Control Equipment Market Size Forecast: What's the Projected Valuation by 2029?
Expected to witness consistent expansion in the coming years, the market size for power generation, transmission, and control equipment is projected to reach $651.97 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.3%. Factors such as the increase in decentralized energy systems, electric vehicle charging facilities, resilience planning, economic growth, and the demand for smart appliances are contributing to this growth in the prediction period. Trends to look out for in this period include digitalization and industry 4.0, critical infrastructure cybersecurity, hybrid power systems, the use of artificial intelligence (AI) in grid management, and carbon capture structures.

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What Are the Drivers Transforming the Power Generation, Transmission And Control Equipment Market?
Growing needs for electricity are foreseen to drive the advancement of the power generation, transmission, and control equipment market in the future. The formation of electricity is an energy process resulting from the presence of charged particles like electrons or protons, accumulated as a charge or operating as a movement of electrons. This demand for electricity lures investment, encourages innovation, and prompts the creation of more sophisticated and effective technologies. Moreover, it boosts research and development efforts to enhance the efficiency and dependability of power generation, transmission, and control equipment. For example, in August 2023, Exxon Mobil Corporation, an American natural gas firm, predicted an annual demand increase of 1.8% for electricity, making up about 50% of this industry by 2050. Hence, the escalating electricity demand is propelling the expansion of the power generation, transmission, and control equipment market.

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What Are the Key Trends Driving Power Generation, Transmission And Control Equipment Market Growth?
Leading firms in the power generation, transmission, and control equipment sector are concentrating on inventive products like liquid-cooled motors. This type of motor employs a circulating liquid to maintain its temperature, which helps avoid overheating and boost performance by releasing excess heat via a cooling system. A clear example of this was in February 2024, when ABB Ltd., a Switzerland-based automation company, unveiled the IE5 SynRM motor. Combining ultra-efficient SynRM technology and high-performance liquid cooling, these IE5 SynRM liquid-cooled motors provide robust, compact solutions that reduce energy and maintenance expenses, posing as an excellent replacement for conventional induction motors.

Which Segments in the Power Generation, Transmission And Control Equipment Market Offer the Most Profit Potential?
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

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Which Firms Dominate the Power Generation, Transmission And Control Equipment Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in the Power Generation, Transmission And Control Equipment Market?
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.

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