Press Release

Global Electric Transmission and Distribution Equipment Market is expected to grow at a robust CAGR

Global Electric Transmission and Distribution Equipment Market is expected to grow owing to growing energy demand from residential, commercial and industrial sectors throughout the forecast period.

According to TechSci Research report, “Electric Transmission and Distribution Equipment Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the Global Electric Transmission and Distribution Equipment Market is expected to register robust growth during the forecast period. The progress in electric power transmission and distribution equipment to meet the increasing demand for electricity from the residential, commercial, and industrial sectors is driving the growth of the global market. Moreover, the government's introduction of on-shore and off-shore projects to generate electricity in response to the rising energy demand will lead to the deployment of efficient switchgear, transformers, and meters for seamless power transmission and distribution.

The increasing adoption of renewable energy sources, such as solar and wind power, presents a significant opportunity for the electric transmission and distribution equipment market. As the capacity of renewable energy continues to grow, there is an increasing need for efficient and reliable grid infrastructure to accommodate intermittent power generation and distribute clean energy to consumers. This necessitates the development of high-voltage transmission lines, grid management systems, and energy storage solutions that enhance grid flexibility and stability.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the " Electric Transmission and Distribution Equipment Market."

 

Based on equipment, the Wire & Cable segment is expected to dominate the market during the forecast period. These overhead wires are used for the transmission of electricity over long distances. They consist of bare overhead conductors, typically made of aluminum or aluminum alloy. Insulated wires are utilized for a variety of applications, including wiring within buildings, industrial machinery, and electrical appliances. The installation of distribution cables is necessary to extend electrical access to newly developed areas, driven by rapid urbanization and electrification projects in emerging markets. Smart grids depend on advanced communication and monitoring systems, necessitating specialized cables and wires capable of transmitting data and power simultaneously. The global growth of renewable energy projects will fuel demand for cables designed to handle the variable output of wind and solar power. Cables engineered for reduced energy loss during transmission present opportunities to enhance overall grid efficiency. Furthermore, resilient cables that can withstand extreme weather conditions and natural disasters contribute to grid resilience. As countries collaborate on cross-border transmission projects, cable manufacturers can seize opportunities to supply interconnection cables. In conclusion, the Wire & Cable segment is vital for the functioning and development of electric transmission and distribution systems. It plays a crucial role in supporting grid expansion, the integration of renewable energy, and grid modernization efforts, presenting both challenges and opportunities for manufacturers and suppliers in the electric transmission and distribution equipment market.

Based on product, the Transformer segment is projected to dominate the market throughout the forecast period. Transformers come in various types and sizes, including power transformers, distribution transformers, and special-purpose transformers. They are essential for maintaining grid stability, voltage control, and ensuring efficient electricity flow across the entire grid. The growing adoption of electric vehicles (EVs) is driving the demand for transformers to support EV charging infrastructure and grid capacity upgrades. Transformers designed to minimize energy loss during transmission and distribution present opportunities to enhance overall grid efficiency. The continued expansion of renewable energy projects globally will increase the need for transformers capable of handling the variable output of renewable sources. EV charging infrastructure expansion requires transformers that can manage increased load and power demand. Transformers play a vital role in integrating energy storage systems into the grid, which is crucial for grid stability and optimizing renewable energy. Collaborative cross-border transmission projects offer opportunities for transformer manufacturers to supply transformers for interconnections. In conclusion, the Transformer segment is integral to the functioning and development of electric transmission and distribution systems. It plays a crucial role in supporting grid expansion, renewable energy integration, electrification of transportation, and grid modernization efforts. Transformer manufacturers and suppliers have the opportunity to innovate and provide solutions that enhance grid efficiency, reliability, and sustainability.


Key market players in the Global Electric Transmission and Distribution Equipment Market are:-

  • General Electric Company
  • Siemens AG
  • Hyundai Electric & Energy Systems Co., Ltd.
  • Xian XD Switchgear Electric
  • Imefy Group
  • Mitsubishi Electric Corp.
  • Bharat Heavy Electricals Limited
  • ABB Ltd.
  • Schneider Electric SE
  • Crompton Greaves


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“The Electric Transmission and Distribution Equipment Market in Asia Pacific is poised to be the dominant force in the industry. The expansion of electric vehicles in APAC requires investments in EV charging infrastructure, creating opportunities for equipment manufacturers and service providers in the electric vehicle charging ecosystem. APAC countries are placing growing emphasis on sustainability. Equipment manufacturers have the chance to capitalize on opportunities by offering eco-friendly and energy-efficient solutions that align with regional sustainability objectives.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Electric Transmission and Distribution Equipment Market – Global Industry Size, Share, Trends, Opportunity, and Forecast

Segmented By Equipment  (Wire & Cable, Switchgear, Transformer, Meter and Insulator & Capacitor), By Product (Transformer, Switchgear, Insulators & Fittings, Cables & Lines), By End User (Energy & Utilities, Industrial, Commercial and Residential), By Region, By Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of Global Electric Transmission and Distribution Equipment Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Electric Transmission and Distribution Equipment Market. 


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