T&D Equipment Market in Europe to grow at a CAGR of 3.55% during the period 2017-2021

Market Research analysts forecast the T&D equipment market in Europe to grow at a CAGR of 3.55% during the period 2017-2021.

According to the report, one of the major drivers for this market is offshore wind energy. The opportunities for offshore wind generation are enormous. The offshore wind generation is relatively a new technology; therefore, the cost of power generation is currently high. However, during the forecast period, we expect the cost of power generating to reduce and the technology to advance. This is expected to create a demand for the installation of new offshore wind turbines, in turn, will drive the demand for subsea power cables for transporting electricity ashore. World's 90% of the offshore wind energy plants are installed in Northern Europe, Baltic, Irish seas, and the English Channel.

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Further, the report states that one of the major factors hindering the growth of this market is increase in distribution generation. A distribution generation refers to the small-scale power generation, which is done with the help of generators or renewables at the point of consumption. This is gaining popularity due to the reduced cost of energy systems such as solar PV and support from governments due to the system's economic and emission benefits.

About T&D equipment

Transmission and distribution (T&D) infrastructure supplies electricity to power substations and then to the electric utility, which delivers electricity to industrial and domestic consumers.

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Covered in this report

The report covers the present scenario and the growth prospects of the T&D equipment market in Europe for 2017-2021. To calculate the market size, the report considers the new installations and retrofit market. The market sizing is limited to power cables, switchgear, and transformers only.

T&D Equipment Market in Europe 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
ABB
General Cable
Nexans
Prysmian
Siemens
Other prominent vendors
Abbott Vascular
Abiomed
AtriCure
Biosensors International
Biotronik
BioVentrix
C. R. Bard

Market driver
Offshore wind energy
For a full, detailed list, view our report

Market challenge
Increase in distribution generation
For a full, detailed list, view our report

Market trend
Addition and refurbishment of T&D lines
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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