Report Code: A15779 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Electric Transmission And Distribution Equipment Market
Request Now !The global electric power transmission and distribution equipment market is anticipated to grow at a lucrative rate in the coming years. Electric transmission and distribution equipment (T&D equipment) is used for transferring power and electrical energy between a power generation plant and an electrical substation located in another place. After electricity generates, a system of electrical wires carries the electricity from the source of generation to homes and businesses. This set of equipment primarily involves switchgears, switchboards, basic and advanced meters, belts and chains, along with interconnected lines, known as transmission network, that facilitates the flow of electrical energy. It also includes cables, switches, transformers, conductors, circuits, converters, insulators and capacitors. These components undergo consistent technological upgradation, owing to the increase in demand for more efficient, safer, and reliable transmission and distribution equipment. Transmission of electric power is the transfer of bulk electrical energy to substations from power generating plants. Substations/population centers are located near demand centers and electrical energy is further delivered through a distribution system network, distribution being the final stage in the delivery of electricity to consumers. Electrical transmission is distinct from electrical distribution, in terms of carrying large quantities of high voltage power over large distances. Thus, there are differences in the equipment used for each.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years |  2020–2030 |
 Base Year Considered |  2020 |
 Forecast Period |  2021–2030 |
 Forecast Unit |  Value (USD) |
 Segments Covered |  Equipment, Voltage, End User, and Region |
COVID-19 Impact Analysis
Top Impacting Factors
The electric power transmission and distribution equipment market size and sales revenue increase, driven by the rise in office, commercial, industrial and residential needs for electrical energy. Developing countries such as India have huge demand for electrical energy due to the production and construction activities being carried out, which drives the growth of the electric power transmission and distribution equipment market. The advent of smart cities has led to the modernization of electrical grids, which is another crucial factor contributing to the market growth. However, a major concern for electric power transmission and distribution equipment market is the loss of electrical energy during transmission and distribution. Equipment that prevents maximum loss over longer distances needs to be devised. The power, reliability, frequency, voltage, and load factor capabilities of the system need to be designed to fulfill customers’ needs as well as be cost-effective and this could be a restraint for the market. The increase in investments in renewable energy facilities and awareness regarding the need to reduce energy losses encourage the adoption of technologically improved equipment across the globe and are providing opportunity for electric transmission and distribution equipment market. The other factor that provides the growth opportunity is the rapid urbanization, increase in R&D in transformer production, and prioritization of domestic energy infrastructure development by governments of several nations.
Market Trends
Key Benefits of Report
Electric Transmission and Distribution Equipment Market Report Highlights
Aspects | Details |
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By Equipment |
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By Voltage |
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By End User |
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By Region |
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Key Market Players | Xian XD Switchgear Electric, Mitsubishi Electric Corp., General Electric, Crompton Greaves, Schneider Electric, Imefy Group, Siemens AG, ABB, IGUS., Hyundai Electric & Energy Systems Co., Ltd. |
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