Global Electric Power Transmission and Distribution Equipment Market 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, 2020-2027
The global electric power transmission and distribution equipment market is anticipated to expand at a substantial CAGR during the forecast period, between 2020 and 2027. 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, Drivers, Restraints, 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 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 |
|
Base Year |
2019 |
|
Historic Data |
2017& 2018 |
|
Forecast Period |
2020–2027 |
|
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 anticipated to hold 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 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.
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 (000’ 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)
By Product Types
- Transformer
- Switchgear
- Power Cables
By Transmission Modes
- Overhead
- Underground
By Applications
- Industrial
- Commercial
- Residential
- Transportation
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
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.
Our Clients
Related Reports
Some other reports from this category!
