Power Transmission and Distribution Equipment - Global Strategic Business Report

The global market for Power Transmission and Distribution Equipment was valued at US$271.6 Billion in 2024 and is projected to reach US$376.5 Billion by 2030, growing at a CAGR of 5.6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Power Transmission and Distribution Equipment Market - Key Trends & Drivers Summarized

Power transmission and distribution equipment are essential components of the electrical grid, facilitating the transfer of electricity from power plants to consumers. These systems include a variety of devices such as transformers, switchgear, circuit breakers, and transmission lines. Transformers adjust the voltage levels for efficient power transmission over long distances, while switchgear and circuit breakers ensure the safety and reliability of the electrical system by controlling and protecting electrical circuits. Transmission lines, both overhead and underground, carry high-voltage electricity from generation sites to substations, where the voltage is reduced for distribution to homes and businesses. The efficient functioning of these components is crucial for maintaining the stability and reliability of the power supply.

Technological advancements have significantly enhanced the capabilities and efficiency of power transmission and distribution equipment. The adoption of smart grid technologies has revolutionized the management of electricity distribution, enabling real-time monitoring and control of the electrical grid. Additionally, the integration of renewable energy sources, such as solar and wind, into the power grid has necessitated the development of advanced equipment capable of handling variable and decentralized power generation. High-voltage direct current (HVDC) transmission systems and flexible alternating current transmission systems

are examples of technological advancements that have improved the efficiency and capacity of power transmission over long distances.

The growth in the power transmission and distribution equipment market is driven by several factors. The increasing demand for electricity, fueled by rapid urbanization and industrialization, particularly in emerging economies, has necessitated the expansion and upgrading of power infrastructure. The global shift towards renewable energy sources has also spurred investments in modernizing the grid to accommodate these new forms of power generation. Government initiatives and policies aimed at improving energy efficiency and reducing carbon emissions are further propelling market growth. Additionally, advancements that enhance performance and reliability of transmission and distribution equipment are encouraging utilities to upgrade their existing infrastructure. The rising focus on smart grid development, which integrates advanced communication and control technologies, is also a significant driver. These factors, combined with continuous innovation in power transmission and distribution technologies, are ensuring robust growth in the market, underscoring its critical role in supporting the evolving energy landscape.

Scope of the Study

The report analyzes the Power Transmission and Distribution Equipment market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments:

Product Type (Wires & Cables, Switchgear, Transformers, Meters, Other Product Types); and End-Use (Utilities, Industrial, Residential, and Commercial).

Geographic Regions/Countries:

World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Wires & Cables segment, which is expected to reach US$108.6 Billion by 2030 with a CAGR of a 4.6%. The Switchgear segment is also set to grow at 6.4% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $47.0 Billion in 2024, and China, forecasted to grow at an impressive 7.5% CAGR to reach $97.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Astor Enerji A.S, Bharat Heavy Electricals Limited, CG Power and Industrial Solutions Limited, DAIHEN Corporation, Eaton Corporation plc and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Power Transmission and Distribution Equipment Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Power Transmission and Distribution Equipment Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Power Transmission and Distribution Equipment Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 504 major companies featured in this Power Transmission and Distribution Equipment market report include:

• Astor Enerji A.S
• Bharat Heavy Electricals Limited
• CG Power and Industrial Solutions Limited
• DAIHEN Corporation
• Eaton Corporation plc
• GE Grid Solutions, LLC
• Hammond Power Solutions, Inc.
• HD Hyundai Electric Co. Ltd.
• Hubbell Incorporated
• Imefy Group
• JiangSu HuaPeng Transformer Co., Ltd. (JSHP)
• Kirloskar Electric Company Limited
• KONCAR Electrical Industry Inc.
• Larsen & Toubro Limited
• Mitsubishi Electric Corporation
• PFISTERER Holding SE
• Pioneer Power Solutions, Inc.
• Prysmian Group
• S&C Electric Company
• Schneider Electric S.E.
• SGB-SMIT Group
• Siemens AG
• Toshiba Energy Systems & Solutions Corporation
• Wilson Power Solutions Ltd.
• Wilson Transformer Company Pty Ltd.