The global electric power transmission and distribution equipment market grew at a CAGR of 5% during 2014-2019. Electric power transmission and distribution equipment (T&D equipment) are used for transferring power and electrical energy between a power generation plant and a remote electrical substation. This equipment primarily involve switchgear, switchboards, basic/advanced meters, belts/chains, and transmission networks. They also include cables, transformers, switches, circuits, convertors, insulators, capacitors, etc. The surging demand for safer, efficient, reliable transmission and distribution equipment is augmenting the market for electric power T&D equipment.
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The rapid incorporation of electrical appliances, such as air conditioner, ventilator, lighting system, etc., in commercial and residential buildings, boost the demand for T&D equipment. Moreover, the emergence of smart cities has led to the modernization of electrical grids, thereby strengthening market growth. Additionally, the rising penetration of renewable energy facilities for optimum energy consumption further catalyze the demand for these equipment. Rapid urbanization, along with various technological upgradations in the electric sector, have led to the emergence of advanced electric power T&D equipment. Moreover, extensive R&D and growing domestic energy infrastructural development has substantially induced the growth of the electric power T&D equipment market.
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Breakup by Equipment Type:
- Wire and Cable
- Switchgear and Switchboard
- Transformer
- Power
- Distribution
- Specialty
- Meters
- Basic Meter
- Smart Meter
- Insulator & Capacitor
- Others
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:
- Utilities
- Industrial
- Residential
- Commercial
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being 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., etc.
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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The Business Research Company published its Electric Power Generation, Transmission, And Distribution Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global electric power generation, transmission, and distribution market.
The report covers the electric power generation, transmission, and distribution market’s segments- by type: electric power transmission, control, and distribution; power generation, by end-user: residential; commercial; industrial, and by type of operator: public operator; private operator subsegments covered: electric power distribution; electric bulk power transmission and control; hydroelectric power generation; fossil fuel electric power generation; nuclear electric power generation; solar electric power generation; wind electric power generation; geothermal electric power generation; biomass electric power generation; other electric power generation.View Complete Report: https://www.thebusinessresearchcompany.com/report/electric-power-generation-transmission-and-distribution-global-market-report-2020-30-covid-19-impact-and-recovery Electric Power Generation, Transmission, And Distribution Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Electric power generation companies are increasingly using batteries to store solar energy during daylight hours.
These batteries store enough energy to serve as a back-up in case of fuel shortages.
