Global Electricity Transmission and Distribution
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Electricity Transmission and Distribution market size was $255.00 billion in 2021 and it is forecasted to reach $375.99 billion by 2029. Electricity Transmission and Distribution Industry's Compound Annual Growth Rate will be 5.05% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Electricity Transmission and Distribution market size was $255.00 billion in 2021 and it is forecasted to reach $375.99 billion by 2029. Electricity Transmission and Distribution Industry's Compound Annual Growth Rate will be 5.05% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Electricity Transmission and Distribution Market Sales Revenue 2021 | $ 255 Billion |
Global Electricity Transmission and Distribution Market Sales Revenue 2029 | $ 375.99 Billion |
Global Electricity Transmission and Distribution Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.05% |
Market Split by Equipment |
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Market Split by Service |
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Market Split by End-user |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Electricity Transmission and Distribution industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Electricity Transmission and Distribution Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Electricity generation, transmission and distribution are three important stages of any power system. Electric power transmission is the bulk movement of electrical energy from a generating site such as power plant to an electric substation. The interconnected lines which facilitate this movement are refer as a transmission network. Electricity transmission power plants and substations are generally are closer to the end users. Electricity transmission is typically done at high voltages (e.g., 100 kV or higher) in order to reduce transmission losses over long distances. The electricity is transmitted through a network of transmission lines and towers that are supported by poles or towers. Electric power distribution is the final stage in the delivery of electric power; it carries electricity from the transmission system i.e., substations to individual consumers. Electricity distribution is typically done at lower voltages (e.g., 11 kV or lower) in order to be safe for use in homes and businesses, improve reliability, and increase efficiency. The electricity is distributed through a network of distribution lines and transformers that are mounted on poles or underground.
As populations and economies grow, there is an increasing demand for electricity. This is leading to the expansion of transmission and distribution networks to meet this demand. This is the primary factor driving the growth of the electricity transmission and distribution market. Furthermore, shift towards renewable energy sources such as solar and wind power has led to a decentralization of electricity generation. This has led to an increase in the need for transmission and distribution networks to connect these distributed generation sources to the grid. Many countries are modernizing their electricity grids to make them more efficient and resilient. This includes the deployment of advanced metering infrastructure, smart grids, and other technologies that can improve the transmission and distribution of electricity. For instance, in 2015, National Smart Grid Mission has been established by Govt. of India to accelerate Smart Grid deployment in the country. Government policies and regulations play a significant role in shaping the electricity transmission and distribution market. For example, incentives for renewable energy and requirements for grid modernization can influence the direction of the market. Recently in Oct 2022, U.S. Treasury announced a clean energy tax credit. Similarly, UK government announced to offer USD 321.79 million in subsidies for renewable energy developers. Despite the high demand and well-established industry, the electricity transmission and distribution market faced multiple challenges including high capital cost of construction and maintenance, heavily regulated industry etc., might affect the growth negatively. The transmission and distribution of electricity can have environmental impacts, such as the use of fossil fuels for electricity generation and the construction of transmission and distribution infrastructure. In order to reduce environmental impact, companies involved in this market are taking measures. For instance, in September 2015, Siemens has been the first global industrial company to commit towards carbon neutrality by 2030.
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Apr 20, 2022
Siemens Energy has launched CAREPOLE, an innovative dry-type single-phase transformer for pole applications.
January 06, 2022
GE’s digital power transformers selected for multiple projects across the world
Jun 30, 2021
Hitachi ABB Power Grids has introduced two new traction transformers, the RESIBLOC® CRail 25 kV and the Natural Cooling Effilight® Traction Transformer.
February 8, 2022
ABB India has launched a new series of electrical measuring and power monitoring meters for the digital panel meter.
December 08, 2021
ABB India has come in partnership with Indore Smart City Development Ltd. (ISCDL) to deploy next generation digital technology that enables continuous supply of electricity to homes and businesses.
Oct 24, 2018
Mitsubishi Electric, through its subsidiary Mitsubishi Electric Asia (Thailand), has won an order to supply Electric Power Generation Enterprise (EPGE) in Myanmar with 46 gas-insulated switchgears (GIS), seven transformers and other equipment.
July 12, 2019
Hartek Power India has bagged an order to set up a 220/33 kV substation, which would connect 130 MW of solar power supply to grid in Jodhpur district of Rajasthan.
Oct 09, 2017
Larsen & Toubro (L&T) has won half of the government's order to supply 5 million smart meters for its energy efficiency program.
Jan 2022;
The U.S. Department of Energy (DOE) has recently (Jan 2022) launched the “Building a Better Grid” Initiative to catalyse the nationwide development of new and upgraded high-capacity electric transmission lines, as enabled by President Biden’s Bipartisan Infrastructure Law.
Top Companies Market Share in Electricity Transmission and Distribution Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Geographically, the Global market is divided into North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. North America dominated the market in 2021 due to the one of the most developed region worldwide coupled with high rate of urbanization in the countries like U.S. Asia Pacific is expected to grow at the highest growth rate due to the immense industrial development in emerging economies such as China and India.
The current report Scope analyzes Electricity Transmission and Distribution Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Electricity Transmission and Distribution Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Electricity Transmission and Distribution Industry growth. Electricity Transmission and Distribution market has been segmented with the help of its Equipment, Service End-user, and others. Electricity Transmission and Distribution market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
On The Basis of Equipment segment, the market is segmented into different types including wire & cable, transformer, electric meter, switchgear, insulator & capacitor and others. Switchgear, wire & cable, transformer is some of the key equipment’s necessary in electricity transmission and distribution and together acquired major share of the total market.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electricity Transmission and Distribution Industry. Request a Free Sample PDF!
Based On The Service segment, the market is categorized into various services including testing, field testing, terminations development, asset health monitoring, and others. Due to safety concerns, testing segments hold a significant share of the total market.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Electricity Transmission and Distribution market report 2024 Edition by contacting our team.
In Terms of Revenue, Industrial was the Leading segment with a 45.50% Share of total Electricity Transmission and Distribution Market in 2021
Based On End-user, the market is been segmented into utility, industrial residential and commercial. Industrial application accounts for a major share in the market owing to the high demand from various factories, warehouses, and other industrial facilities.
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Electricity Transmission and Distribution Market is witnessing significant growth in the near future.
In 2023, the Wire & cable segment accounted for noticeable share of global Electricity Transmission and Distribution Market and is projected to experience significant growth in the near future.
The Testing segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies SIEMENS, Schneider and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Equipment | Wire & cable, Transformer, Electric meter, Switchgear, Insulator & Capacitor, Others |
Service | Testing, Field testing, Terminations development, Asset health monitoring, Others |
End-user | Utility, Industrial, Residential, Commercial |
List of Competitors | SIEMENS, Alstom, Schneider, TOSHIBA, GE, Hitachi, Fuji Electric, Mitsubishi Electric, TBEA, China XD Group, SYOSUNG |
This chapter will help you gain GLOBAL Market Analysis of Electricity Transmission and Distribution. Further deep in this chapter, you will be able to review Global Electricity Transmission and Distribution Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Electricity Transmission and Distribution Market Trends North America Electricity Transmission and Distribution Technological Road Map North America Electricity Transmission and Distribution Market Drivers North America Electricity Transmission and Distribution Market Restraints North America Electricity Transmission and Distribution Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Equipment Analysis 2019 -2031, will provide market size split by Equipment. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Equipment Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Service Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by End-user Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Electricity Transmission and Distribution market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Wire & cable have a significant impact on Electricity Transmission and Distribution market? |
What are the key factors affecting the Wire & cable and Transformer of Electricity Transmission and Distribution Market? |
What is the CAGR/Growth Rate of Testing during the forecast period? |
By type, which segment accounted for largest share of the global Electricity Transmission and Distribution Market? |
Which region is expected to dominate the global Electricity Transmission and Distribution Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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