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Global Electric Power Transmission and Distribution Equipment Market to reach USD 315.67 billion by the end of 2029

Global Electric Power Transmission and Distribution Equipment Market Size study & Forecast, by Product (Transformer, Switchgear, Insulator & Fittings, Cable & Lines, Others), by Sales Channel (Indirect Channel, Direct Channel) and Regional Analysis, 2022-2029

Product Code: ALTAMC-49730209
Publish Date: 25-01-2023
Page: 200

Global Electric Power Transmission and Distribution Equipment Market is valued at approximately USD 202.6 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.7% over the forecast period 2022-2029. Electric power transmission and distribution equipment is used for transporting power and electrical energy between a power generation plant and an electrical substation placed in another place. After electricity generates, a system of electrical wires carries the electricity from the source of generation to various spaces. This equipment set encompasses basic and advanced meters, switchboards, switchgears, belts and chains, along with interconnected lines, known as transmission network, which allows the flow of electrical energy. The growing R&D in transformer production, rapid urbanization, and rising demand for domestic energy infrastructure development by governments of several nations are the primary factors that are fueling the market demand across the globe.

The main sources of renewable energy are sources like wind, biomass, sun, geothermal, and hydroelectricity. These green energy options improve the environment, lessen reliance on fossil fuels, and raise electricity prices. According to research released by the US Energy Information Administration (EIS) stated that the solar and wind energy is a witnessed as a leading renewable energy sources for US power generation in May 2022. Additionally, The US EIS, estimated a rise of 10 Billion-Mega Watthours (MWh) in solar energy generation between June and August 2022 compared to the 2021. Also, it is anticipated that during the same period , wind energy generation is grown by 8 billion MWh. According to the report, utility-scale solar energy expected be produced at a pace of 65 GW in the US electric power sector, up 31% since June 2021. Thus, the rising need for effective electric power transmission and distribution equipment supporting the demand for green energy in the global energy sector, which is bolstering the demand for electric power transmission and distribution equipment in the global market. Moreover, rising investments in renewable energy facilities, as well as the growing awareness regarding the need to reduce energy losses are presenting various lucrative opportunities over the forecasting years. However, the lack of skilled technical labor and the loss of electrical energy during transmission and distribution are hindering the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Electric Power Transmission and Distribution Equipment Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the rising construction activities, growing urbanization, along with the rapid industrialization. Whereas, Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing electricity consumption, as well as surging demand for advanced power transmission and distribution equipment in the market space.

Major market players included in this report are:
ABB
Siemens AG
Mitsubishi Electric Corp.
Schneider Electric
General Electric
Xian XD Switchgear Electric
Crompton Greaves
Hyundai Electric & Energy Systems Co., Ltd.
Imefy Group
IGUS

Recent Developments in the Market:
 In May 2022, The Biden Administration’s Interconnection Innovation e-Xchange (i2X) initiative, launched through the U.S. Department of Energy (DOE), introduced together grid utilities, operators, tribal and state governments, energy justice organizations, and other stakeholders to address power grid issues in America and encourage the use of more clean energy.

Global Electric Power Transmission and Distribution Equipment Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Sales Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Transformer
Switchgear
Insulator & Fittings
Cable & Lines
Others
By Sales Channel:
Indirect Channel
Direct Channel

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Electric Power Transmission and Distribution Equipment Market, by Region, 2019-2029 (USD Billion)
1.2.2. Electric Power Transmission and Distribution Equipment Market, by Product, 2019-2029 (USD Billion)
1.2.3. Electric Power Transmission and Distribution Equipment Market, by Sales Channel, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Electric Power Transmission and Distribution Equipment Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Electric Power Transmission and Distribution Equipment Market Dynamics
3.1. Electric Power Transmission and Distribution Equipment Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Rising R&D in transformer production
3.1.1.2. Increasing demand for green energy
3.1.2. Market Challenges
3.1.2.1. Lack of skilled technical labour
3.1.2.2. Loss of electrical energy during transmission and distribution
3.1.3. Market Opportunities
3.1.3.1. Rising investments in renewable energy facilities
3.1.3.2. Growing awareness regarding the need to reduce energy losses
Chapter 4. Global Electric Power Transmission and Distribution Equipment Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Electric Power Transmission and Distribution Equipment Market, by Product
6.1. Market Snapshot
6.2. Global Electric Power Transmission and Distribution Equipment Market by Product, Performance – Potential Analysis
6.3. Global Electric Power Transmission and Distribution Equipment Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
6.4. Electric Power Transmission and Distribution Equipment Market, Sub Segment Analysis
6.4.1. Transformer
6.4.2. Switchgear
6.4.3. Insulator & Fittings
6.4.4. Cable & Lines
6.4.5. Others
Chapter 7. Global Electric Power Transmission and Distribution Equipment Market, by Sales Channel
7.1. Market Snapshot
7.2. Global Electric Power Transmission and Distribution Equipment Market by Sales Channel, Performance – Potential Analysis
7.3. Global Electric Power Transmission and Distribution Equipment Market Estimates & Forecasts by Sales Channel 2019-2029 (USD Billion)
7.4. Electric Power Transmission and Distribution Equipment Market, Sub Segment Analysis
7.4.1. Indirect Channel
7.4.2. Direct Channel
Chapter 8. Global Electric Power Transmission and Distribution Equipment Market, Regional Analysis
8.1. Electric Power Transmission and Distribution Equipment Market, Regional Market Snapshot
8.2. North America Electric Power Transmission and Distribution Equipment Market
8.2.1. U.S. Electric Power Transmission and Distribution Equipment Market
8.2.1.1. Product breakdown estimates & forecasts, 2019-2029
8.2.1.2. Sales Channel breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Electric Power Transmission and Distribution Equipment Market
8.3. Europe Electric Power Transmission and Distribution Equipment Market Snapshot
8.3.1. U.K. Electric Power Transmission and Distribution Equipment Market
8.3.2. Germany Electric Power Transmission and Distribution Equipment Market
8.3.3. France Electric Power Transmission and Distribution Equipment Market
8.3.4. Spain Electric Power Transmission and Distribution Equipment Market
8.3.5. Italy Electric Power Transmission and Distribution Equipment Market
8.3.6. Rest of Europe Electric Power Transmission and Distribution Equipment Market
8.4. Asia-Pacific Electric Power Transmission and Distribution Equipment Market Snapshot
8.4.1. China Electric Power Transmission and Distribution Equipment Market
8.4.2. India Electric Power Transmission and Distribution Equipment Market
8.4.3. Japan Electric Power Transmission and Distribution Equipment Market
8.4.4. Australia Electric Power Transmission and Distribution Equipment Market
8.4.5. South Korea Electric Power Transmission and Distribution Equipment Market
8.4.6. Rest of Asia Pacific Electric Power Transmission and Distribution Equipment Market
8.5. Latin America Electric Power Transmission and Distribution Equipment Market Snapshot
8.5.1. Brazil Electric Power Transmission and Distribution Equipment Market
8.5.2. Mexico Electric Power Transmission and Distribution Equipment Market
8.5.3. Rest of Latin America Electric Power Transmission and Distribution Equipment Market
8.6. Rest of The World Electric Power Transmission and Distribution Equipment Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. ABB
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Siemens AG
9.2.3. Mitsubishi Electric Corp.
9.2.4. Schneider Electric
9.2.5. General Electric
9.2.6. Xian XD Switchgear Electric
9.2.7. Crompton Greaves
9.2.8. Hyundai Electric & Energy Systems Co., Ltd.
9.2.9. Imefy Group
9.2.10. IGUS
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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