Electric Power Generation, Transmission, and Distribution Market Report 2026

The electric power generation, transmission, and distribution market size has grown strongly in recent years. It will grow from $5.29 trillion in 2025 to $5.57 trillion in 2026 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to rapid urbanization increasing electricity demand, development of fossil fuel-based power plants, expansion of overhead transmission lines, adoption of low and medium-voltage distribution systems, regulatory initiatives for electrification.

The electric power generation, transmission, and distribution market size is expected to see strong growth in the next few years. It will grow to $6.99 trillion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to growth of renewable energy generation, modernization of grid infrastructure, integration of smart grid technologies, focus on energy efficiency and sustainability, increased private sector investment in power generation and distribution. Major trends in the forecast period include adoption of smart grid technology, integration of hvdc transmission systems, deployment of grid management and scada systems, implementation of advanced voltage regulation equipment, expansion of distributed and renewable power generation.

The surge in electricity demand is anticipated to drive the growth of the electric power generation, transmission, and distribution market in the future. Electricity, which represents the movement of electric charge through conductors, is the energy source that powers various electrical devices and systems. Electric power generation, transmission, and distribution collectively form the critical infrastructure responsible for generating electricity from energy sources, transmitting it efficiently across a grid, and delivering it to consumers. For example, in September 2023, as reported by the International Energy Agency, an autonomous intergovernmental organization headquartered in France, Colombia recorded a total net electricity production of 7 terawatt-hours (TWh) in June 2023, marking a 1.1% increase on a year-to-date basis. Consequently, the escalating demand for electricity serves as a primary driver behind the growth of the electric power generation, transmission, and distribution market.

Major players in the electric power generation, transmission, and distribution market are focusing on developing solutions such as next-generation nationwide load dispatching systems. A next-generation nationwide load dispatching system is a centralized platform designed to optimize the balance between electricity supply and demand over a large geographical area, ensuring efficient grid management. Key features of these systems include load frequency control (LFC), nationwide generator start-stop planning, supply-demand optimization, integration of renewable energy sources, scalability, flexibility, and a unified interface for multiple operators, all of which contribute to enhanced resilience, cost reduction, and regulatory compliance. For instance, in November 2024, Hitachi, Ltd., a Japan-based multinational company with operations in various sectors including engineering, electronics, nuclear, transportation, and industrial systems, received an order to build a next-generation nationwide load dispatching system for Transmission and Distribution IT & OT Systems LLC, a joint venture of Japan's major power transmission companies. Utilizing Hitachi Energy's globally proven Network Manager package, the system aims to optimize electricity distribution across Japan, improve resilience, and support the country's transition to carbon neutrality by enhancing energy management and integrating renewable energy sources.

In March 2023, RWE AG, a Germany-based electric power generation company, acquired Con Edison Clean Energy Businesses, Inc. for $6.8 billion. Through this acquisition, RWE aims to expand its renewable power generation portfolio in the United States by adding large-scale onshore wind, solar, and battery storage assets, while also broadening its project development pipeline to support long-term clean electricity supply. Con Edison Clean Energy Businesses, Inc. is a US-based renewable energy company that develops, owns, and operates utility-scale wind, solar, and energy storage projects connected to the electric power grid.

Major companies operating in the electric power generation, transmission, and distribution market are Electricite De France SA, Enel SpA, Tokyo Electric Power Co Holdings Incorporated, E.ON SE, Korea Electric Power Corporation, State Power Investment Corporation, Iberdrola SA, Exelon Corp, Engie SA, Duke Energy Corp, American Electric Power Co Inc., Ameren Corporation, American Transmission Co, Avangrid Inc., Berkshire Hathaway Inc., Black Hills Corporation, Calpine Corp, CenterPoint Energy Inc., Dominion Energy Inc., Southern California Edison Company, El Paso Electric Railway Company, Engie North America Inc., Entergy Corporation, Exelon Corporation, FirstEnergy Corp, Great Plains Energy Incorporated, Hawaiian Electric Industries Inc., Idaho Power Co, MidAmerican Energy Co, National Grid Plc, NextEra Energy Inc., NRG Energy Inc., Oncor Inc., Pacific Gas and Electric Company, Pennsylvania Power & Light Corp, Public Service Enterprise Group Inc., Southern Company, Xcel Energy Inc.

Asia-Pacific was the largest region in the electric power generation, transmission, and distribution market in 2025. Western Europe was the second largest region in the electric power generation, transmission, and distribution market. The regions covered in the electric power generation, transmission, and distribution market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric power generation, transmission, and distribution market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The electric power generation, transmission, and distribution market include revenues earned by entities by providing services such as single-phase AC systems, two-phase AC systems, three-phase AC systems, and DC systems. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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