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Electric Power Transmission & Distribution Equipment Market 2031

Electric Power Transmission and Distribution Equipment Market

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Segments - by Product Types (Transformer, Switchgear, and Power Cables), Transmission Modes (Overhead and Underground), Applications (Industrial, Commercial, Residential, and Transportation), and Regions (AsiaPacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2023-2031

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Author :

Aamir Ansari

Fact-checked by :

Vineet Pandey

Editor :

Swapnil Hedau

Report Description

The global electric power transmission and distribution equipment market size was valued at USD 214.15 Billion in 2022 and is likely to reach USD 352.69 Billion by 2031 expanding at a CAGR of 5.7% during 2023 – 2031. The electric power transmission and distribution equipment are used to transfer electrical energy from a power generation plant to a distant electrical substation, where voltage is transformed and distributed to consumers or other substations.

Substations are generally located near demand centers, while electrical energy is delivered through an electrical power distribution system, known as the power grid.

Market Trends, Restraints, Drivers, and Opportunities

The growth of the electric power transmission and distribution equipment market is due to increasing need for electrical energy from the commercial, industrial, and residential sectors.
Major concern faced by key participants of the electrical energy during transmission and distribution market is identified as loss of electrical energy during distribution and transmission, which is anticipated to hamper the market growth during the forecast period.
Manufacturers are focusing on product development of electrical transmission and distribution equipment suitable for every climate condition, which in turn, is driving the market.
Electric transmission and distribution equipment need to meet regulatory guidelines of respective governments, equipment, material guidelines, and performance standards set by the regulatory bodies of the industry. This, in turn, anticipated to fuel the electric transmission and distribution equipment market growth in the coming years.
Emergence of industry 4.0 is anticipated to drive technological advancements in the electric transmission and distribution equipment market. For instance, in February 2019, Schneider Electric a France-based company engaged in digital transformation and energy management launched a product called Masterpact MTZ, which analyses the energy usage remotely.

Scope of the Electric Power Transmission and Distribution Equipment Market Report

The report on electric power transmission and distribution equipmentmarket includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes	Details
Report Title	Electric Power Transmission & Distribution Equipment Market- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016- 2021
Forecast Period	2023–2031
Regional Scope	Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
Report Coverage	Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Electric Power Transmission and Distribution Equipment Market Segment Insights

The transformer segment is anticipated to hold a significant market share

In the terms of product types, the electric power transmission and distribution equipment market can be segmented into transformer, switchgear, and power cables. A basic distribution system consists of distribution feeder circuits, substations, lines, poles, protective equipment, primary circuits, switches, and distribution transformers. Aging transmission and distribution infrastructure is anticipated to fuel the demand for electric power transmission and distribution equipment during the forecast period.

Increasing energy demand to fuel segment growth

On the basis of transmission mode, the market can be segregated into overhead and underground transmission. The overhead segment is driven by increasing need for power electronics and network efficiency. Moreover, overhead transmission lines are capable of carrying high voltage,which in turn, is expected to drive the segment growth during the forecast period.

Increasing demand from the commercial and industrial segment

In terms of applications, the market is bifurcated into industrial, commercial, residential, and transportation. Increasing number of electric system installations such asventilators, lighting systems, air conditioners, and fire protection systems at commercial and industrial places is anticipated to fuel the demand forelectric power transmission and distribution equipment during the forecast period.

North America constituted a dominant share of the market

Based on regions, the global electric power transmission and distribution equipment market can be categorized as North America, Europe, Asia Pacific, Latin America, and Middle East &Africa (MEA). North America is anticipated to hold a key share of the market owing to the early adoption of the latest technologies. However, rise in the number of manufacturing facilities and the growth of the industrial sector in Asia Pacific are expected to fuel the electric power transmission and distribution equipment market in this region.

Segments

Product Types

Transformer
Switchgear
Power Cables

Transmission Modes

Overhead
Underground

Applications

Industrial
Commercial
Residential
Transportation

Regions

North America
Europe
Latin America
Asia Pacific
Middle East & Africa

Key Players

Mitsubishi Electric
ABB Ltd.
Osram AG
BHEL
Eaton
Crompton Greaves
Debian Electric Apparatus Stock Company Limited
Siemens AG
GE
Larsen & Toubro
Kirloskar Ltd.
Schneider Electric
Acme Electric Corporation

Competitive Landscape

Key market participants in the electric power transmission and distribution equipment market include Mitsubishi Electric, ABB Ltd., Osram AG, BHEL, Eaton, Crompton Greaves, Debian Electric Apparatus Stock Company Limited, Siemens AG, GE, Larsen & Toubro, Kirloskar Ltd., Schneider Electric, and Acme Electric Corporation. They engage in strategies such as Mergers& acquisitions, collaborations, and partnerships to strengthen their geographical presence.

For instance, in January 2020, Siemens AG, a Germany-based industrial manufacturing company acquired India-based C&S Electric, a manufacturer of electrical equipmentto expand its business presence in India.

Electric Power Transmission and Distribution Equipment Market Keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Power Transmission and Distribution Equipment Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Electric Power Transmission and Distribution Equipment Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Electric Power Transmission and Distribution Equipment Market - Supply Chain
  4.5. Global Electric Power Transmission and Distribution Equipment Market Forecast
     4.5.1. Electric Power Transmission and Distribution Equipment Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Electric Power Transmission and Distribution Equipment Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Electric Power Transmission and Distribution Equipment Market Absolute $ Opportunity
5. Global Electric Power Transmission and Distribution Equipment Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Electric Power Transmission and Distribution Equipment Market Size and Volume Forecast by Types
     5.3.1. Transformer
     5.3.2. Switchgear
     5.3.3. Power Cables
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Electric Power Transmission and Distribution Equipment Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Electric Power Transmission and Distribution Equipment Market Size and Volume Forecast by Applications
     6.3.1. Industrial
     6.3.2. Commercial
     6.3.3. Residential
     6.3.4. Transportation
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Electric Power Transmission and Distribution Equipment Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Electric Power Transmission and Distribution Equipment Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Electric Power Transmission and Distribution Equipment Demand Share Forecast, 2019-2026
8. North America Electric Power Transmission and Distribution Equipment Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Electric Power Transmission and Distribution Equipment Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Electric Power Transmission and Distribution Equipment Market Size and Volume Forecast by Types
     8.4.1. Transformer
     8.4.2. Switchgear
     8.4.3. Power Cables
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Electric Power Transmission and Distribution Equipment Market Size and Volume Forecast by Applications
     8.7.1. Industrial
     8.7.2. Commercial
     8.7.3. Residential
     8.7.4. Transportation
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Electric Power Transmission and Distribution Equipment Demand Share Forecast, 2019-2026
9. Latin America Electric Power Transmission and Distribution Equipment Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Electric Power Transmission and Distribution Equipment Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Electric Power Transmission and Distribution Equipment Market Size and Volume Forecast by Types
     9.4.1. Transformer
     9.4.2. Switchgear
     9.4.3. Power Cables
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Electric Power Transmission and Distribution Equipment Market Size and Volume Forecast by Applications
     9.7.1. Industrial
     9.7.2. Commercial
     9.7.3. Residential
     9.7.4. Transportation
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Electric Power Transmission and Distribution Equipment Demand Share Forecast, 2019-2026
10. Europe Electric Power Transmission and Distribution Equipment Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Electric Power Transmission and Distribution Equipment Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Electric Power Transmission and Distribution Equipment Market Size and Volume Forecast by Types
     10.4.1. Transformer
     10.4.2. Switchgear
     10.4.3. Power Cables
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Electric Power Transmission and Distribution Equipment Market Size and Volume Forecast by Applications
     10.7.1. Industrial
     10.7.2. Commercial
     10.7.3. Residential
     10.7.4. Transportation
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Electric Power Transmission and Distribution Equipment Demand Share Forecast, 2019-2026
11. Asia Pacific Electric Power Transmission and Distribution Equipment Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Electric Power Transmission and Distribution Equipment Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Electric Power Transmission and Distribution Equipment Market Size and Volume Forecast by Types
     11.4.1. Transformer
     11.4.2. Switchgear
     11.4.3. Power Cables
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Electric Power Transmission and Distribution Equipment Market Size and Volume Forecast by Applications
     11.7.1. Industrial
     11.7.2. Commercial
     11.7.3. Residential
     11.7.4. Transportation
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Electric Power Transmission and Distribution Equipment Demand Share Forecast, 2019-2026
12. Middle East & Africa Electric Power Transmission and Distribution Equipment Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Electric Power Transmission and Distribution Equipment Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Electric Power Transmission and Distribution Equipment Market Size and Volume Forecast by Types
     12.4.1. Transformer
     12.4.2. Switchgear
     12.4.3. Power Cables
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Electric Power Transmission and Distribution Equipment Market Size and Volume Forecast by Applications
     12.7.1. Industrial
     12.7.2. Commercial
     12.7.3. Residential
     12.7.4. Transportation
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Electric Power Transmission and Distribution Equipment Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Electric Power Transmission and Distribution Equipment Market: Market Share Analysis
  13.2. Electric Power Transmission and Distribution Equipment Distributors and Customers
  13.3. Electric Power Transmission and Distribution Equipment Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Mitsubishi Electric
     13.4.2. ABB Ltd.
     13.4.3. Osram AG
     13.4.4. BHEL
     13.4.5. Eaton
     13.4.6. Crompton Greaves
     13.4.7. Debian Electric Apparatus Stock Company Limited
     13.4.8. Siemens AG
     13.4.9. GE
     13.4.10. Larsen & Toubro
     13.4.11. Kirloskar Ltd.
     13.4.12. Schneider Electric
     13.4.13. Acme Electric Corporation

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