Electric Power Transmission And Distribution Equipment Market Is Anticipated To Grow At A Cagr Of 5.4% During 2022-2027

By Author: Lucintel LLC
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The global electric power transmission and distribution equipment market is projected to reach $381 billion by 2027, at a CAGR of 5.4% during 2022-2027. The growth of electric power transmission and distribution equipment market is driven by increasing demand for electricity, new power generation capacity additions, and the expansion of transmission and distribution infrastructure.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the electric power transmission and distribution equipment market by product (wires and cables, switchgears, transformers, meters, insulators, and capacitors), voltage type (low voltage, medium voltage, and high voltage), end use (utilities, industrial, residential, and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the electric power transmission and distribution equipment market?
Q.4 What are some changing demands of customers in the electric ...
... power transmission and distribution equipment market?
Q.5 What are the new developments in the electric power transmission and distribution equipment market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this electric power transmission and distribution equipment area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this electric power transmission and distribution equipment market?
Emerging trends, which have a direct impact on the dynamics of the industry, include growing implementation of smart grid technology, implementation of advanced metering infrastructure, and transition from conventional to modular switchgears.
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Market Segmentation:
Based on product type, the electric power transmission and distribution equipment market is segmented into wires and cables, switchgears, transformers, meters, insulators, and capacitors. The wires and cables segment is accounted for the largest share of the market in 2021 due to increasing electricity access to residential and commercial buildings and transformer witness the highest growth in the forecast period supported by government spending in electrical infrastructure and growth in housing demand in emerging markets.
Asia Pacific is expected to be the largest region with the highest growth over the forecast period because of growth in construction activities, increasing electric access, urbanization, and rapid industrialization.
Key Players in the electric power transmission and distribution equipment market are ABB, Siemens AG, Mitsubishi Electric Corp., Schneider Electric, General Electric, Xian XD Switchgear Electric, and Crompton Greaves
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/electric-transmission-and-distribution-equipment-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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