Lucintel Forecasts Electric Transmission And Distribution Equipment Market To Reach $448 Billion By 2030

By Author: Lucintel LLC
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According to the recent study the Electric Transmission and Distribution Equipment Market is projected to reach an estimated $448 billion by 2030 at a CAGR of 5% from 2024 to 2030. Growth in this market is primarily driven by increasing demand for electricity, new power generation capacity additions, and the expansion of transmission and distribution infrastructure.
Browse 135 figures/charts and 115 tables in this 190-page report to understand trends, opportunities and forecast in electric transmission and distribution equipment market by product type (wires and cables, switchgears, transformers, meters, insulators, and capacitors), voltage (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).
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Lucintel forecasts that the wire and cable segment will remain the largest segment due to increasing electricity access to residential and commercial buildings. The transformer segment is expected to ...
... witness the highest growth over the forecast period, supported by government spending in electrical infrastructure and growth in housing demand in emerging markets.
Utilities are expected to remain the largest end use market due to the replacement and upgradation of existing infrastructure and increasing focus on renewable energy. Lucintel predicts that the residential end use segment is likely to experience the highest growth over the forecast period, supported by growth in low voltage equipment, including cables and switchgears.
Asia Pacific is expected to remain the largest market by value; it is also expected to witness the highest growth over the forecast period because of growth in construction activities, increasing electric access, urbanization, and rapid industrialization.
ABB Ltd., Bharat Heavy Electricals Ltd., Crompton Greaves Ltd, Siemens AG, Alstom SA, Schneider Electric, General Electric, Havells India Ltd., Mitsubishi Electric Corporation, EMCO Ltd., and TBEA are the major suppliers in the electric transmission and distribution equipment providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972 636 5056
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