Overview and Scope
Electric power generation and transmission refer to the different stages of carrying electricity over poles and wires from generators to a home or a business. Electricity distribution refers to the activities of managing and operating electricity works in order to transmit electric energy from the transmission grids to electricity-using organizations and individuals.
Sizing and Forecast
The electric power generation, transmission, and distribution market size has grown strongly in recent years. It will grow from $4775.54 billion in 2023 to $5089.02 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to fossil fuel-based generation, industrialization, population growth, grid expansion, advancements in power generation technologies.
The electric power generation, transmission, and distribution market size is expected to see strong growth in the next few years. It will grow to $6423.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to renewable energy transition, decentralization and distributed energy resources (ders), energy storage integration, electrification of transportation, grid modernization and digitalization. Major trends in the forecast period include smart grids, microgrids, electrification of heating and cooling, grid resilience and security, hydrogen as an energy carrier.
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Segmentation & Regional Insights
The electric power generation, transmission, and distribution market covered in this report is segmented –
1) By Type: Electric Power Transmission, Control, And Distribution, Power Generation
2) By Type of Operator: Public Operator, Private Operator
3) By End-User: Residential, Commercial, Industrial
Subsegments Covered: Electric Power Distribution, Electric Bulk Power Transmission And Control, Hydro Electricity, Fossil Fuel Electricity, Nuclear Electricity, Solar Electricity, Wind Electricity, Geothermal Electricity, Biomass Electricity, Other Electricity
Asia-Pacific was the largest region in the electric power generation, transmission, and distribution market in 2023. Western Europe was the second largest region in the electric power generation, transmission, and distribution market. The regions covered in the electric power generation, transmission, and distribution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
The power generation industry is expected to see increased investment activity in the forecast period. Investments in microgrid technology, renewable energy, and other advanced technologies are expected to drive the market. According to the Global Innovation Report, the total capacity of microgrids is expected to reach 1.2 GW by 2024 in North America, with an annual revenue of $4.2 billion. The United States Senate enacted a $1.2 trillion infrastructure bill in August 2021, which includes financing to accelerate clean energy initiatives. The growing investment in power generation will drive the growth of the electric power generation, transmission, and distribution markets.
Key Industry Players
Major companies operating in the electric power generation, transmission, and distribution market include Electricite De France SA, Enel SpA, Tokyo Electric Power Co Holdings Incorporated, E.ON SE, Korea Electric Power Corporation, State Power Investment Corporation, Iberdrola SA, Exelon Corp, Engie SA, Duke Energy Corp, American Electric Power Co Inc., Ameren Corporation, American Transmission Co, Avangrid Inc., Berkshire Hathaway Inc., Black Hills Corporation, Calpine Corp, CenterPoint Energy Inc., Dominion Energy Inc., Southern California Edison Company, El Paso Electric Railway Company, Engie North America Inc., Entergy Corporation, Exelon Corporation, FirstEnergy Corp, Great Plains Energy Incorporated, Hawaiian Electric Industries Inc., Idaho Power Co, MidAmerican Energy Co, National Grid Plc, NextEra Energy Inc., NRG Energy Inc., Oncor Inc., Pacific Gas and Electric Company, Pennsylvania Power & Light Corp, Public Service Enterprise Group Inc., Southern Company, Xcel Energy Inc.
The electric power generation, transmission, and distribution market report table of contents includes:
1. Executive Summary
2. Electric Power Generation, Transmission, And Distribution Market Characteristics
3. Electric Power Generation, Transmission, And Distribution Market Trends And Strategies
4. Electric Power Generation, Transmission, And Distribution Market - Macro Economic Scenario
5. Global Electric Power Generation, Transmission, And Distribution Market Size and Growth
.....
32. Global Electric Power Generation, Transmission, And Distribution Market Competitive Benchmarking
33. Global Electric Power Generation, Transmission, And Distribution Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Electric Power Generation, Transmission, And Distribution Market
35. Electric Power Generation, Transmission, And Distribution Market Future Outlook and Potential Analysis
36. Appendix
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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.
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 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 equipment.Request for a free sample copy of this report: https://www.imarcgroup.com/electric-power-transmission-distribution-equipment-market/requestsampleThe rapid incorporation of electrical appliances, such as air conditioner, ventilator, lighting system, etc., in commercial and residential buildings, boost the demand for T equipment.
Moreover, the emergence of smart cities has led to the modernization of electrical grids, thereby strengthening market growth.
The Business Research Company’s latest report Electric Power Transmission, Control, And Distribution Global Market Report 2020 covers Electric Power Transmission, Control, And Distribution market drivers, Electric Power Transmission, Control, And Distribution market trends, Electric Power Transmission, Control, And Distribution market segments, Electric Power Transmission, Control, And Distribution market growth rate, Electric Power Transmission, Control, And Distribution market major players, and Electric Power Transmission, Control, And Distribution market size.
The report provides in-depth analysis of the impact of COVID-19 on the Electric Power Transmission, Control, And Distribution industry, along with revised market numbers due to the effects of the coronavirus.
View Complete Report:https://www.thebusinessresearchcompany.com/report/electric-power-transmission-control-and-distribution-global-market-report-2020-30-covid-19-impact-and-recovery Electric Power Transmission, Control, 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 chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
Request for the sample now:https://www.thebusinessresearchcompany.com/sample.aspx?id=2206=smp The global electric power transmission, control, and distribution market is expected to decline from $2289.6 billion in 2019 to $2276.8 billion in 2020 at a compound annual growth rate (CAGR) of -0.6%.
The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
