Electric Power Transmission and Distribution Equipment Market 2021-2026: Key Players, Industry Analysis, and Industry Trends - IMARC Group
According to the latest report by IMARC Group, titled “Electric Power Transmission and Distribution Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global electric power transmission and distribution equipment market is expected to exhibit moderate growth during 2021-2026. Looking forward, IMARC Group expects the global electric power transmission and distribution equipment market to grow at a CAGR of around 4% during the forecast period (2021-2026). The electric power transmission and distribution equipment refer to the devices used for the transmission of bulk electrical energy from power plants to substations. It involves the use of instruments, such as circuit breakers, load centers, electrical bus ducts, magnetic starters, panel boards, transformers, batteries and electric motors. The transmission takes place at varying voltage levels and occurs between one power generation plant and an electrical substation located in another area. These devices are widely used in various sectors, including utilities, residential and commercial.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The global electric power transmission and distribution equipment market is primarily being driven by the growing demand for efficient energy systems from residential, industrial and commercial sectors. The rapid modernization of electrical grids and the increasing construction of smart cities, thereby enhancing the demand for long-distance energy transmission systems, are also expected to drive the market growth. Various technological advancements, such as the development of multi-terminal high voltage direct current (HVDC) technology, which aids in connecting power grids from remote areas and facilitates the delivery of power with minimal energy losses, are contributing to the market growth further.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- ABB Ltd.
- Alstom SA
- CG Power and Industrial Solutions Limited
- Eaton Corporation
- EMCO Limited
- General Electric
- Hubbell Incorporated
- Itron Incorporated
- Kohler Company
- Larsen & Toubro Limited
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Siemens AG
- TBEA Co., Ltd.
Breakup by Equipment Type:
- Wire and Cable
- Switchgear and Switchboard
- Basic Meter
- Smart Meter
- Insulator & Capacitor
Breakup by Powerline Installation Type:
- Underground Installation
- Overhead Installation
Breakup by Voltage:
- Low Voltage Distribution
- Medium Voltage Distribution
- High Voltage Distribution
Breakup by End-Use Industry:
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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