Power T and D Equipment Market Size, Share, and Analysis, By Type (Transformer, Switchgear, Circuit Breaker, Inductor & Capacitors, Meters, and Fuses & Equipment), By Application (Utility, Commercial, Residential, and Others), By Voltage (Low Voltage, Medium Voltage, and High Voltage), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2023-2032
Power T and D Equipment Market Size, Share, and Analysis, By Type (Transformer, Switchgear, Circuit Breaker, Inductor & Capacitors, Meters, and Fuses & Equipment), By Application (Utility, Commercial, Residential, and Others), By Voltage (Low Voltage, Medium Voltage, and High Voltage), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2023-2032
PRODUCT OVERVIEW
Power T&D Equipment Market is expected t%li%grow at a CAGR of 5.8% in the forecast period (2023-2032), with the market size valued at USD 141.03 billion in 2021 and projected t%li%reach USD 261.1 billion by 2032.
Power Transmission and Distribution Equipment (T&D equipment), which includes switchgears, switchboards, meters, and various components like cables, transformers, circuits, and more, is essential for moving electrical power from generation plants t%li%distant substations, from where it is distributed t%li%homes and businesses through a network of cables. T%li%keep up with the demand for technology that is safer and more effective, these parts are always evolving. Transmission is the process of moving massive amounts of electrical energy from generating plants t%li%strategically placed substations close t%li%areas of high demand. Subsequently, end users receive electricity from substations via a network. Notably, the handling of high-voltage power over extensive distances necessitates the use of specific equipment for electrical transmission and distribution.
MARKET HIGHLIGHTS
Power T&D Equipment Market is expected t%li%reach USD 261.1 billion, growing at a CAGR of 5.8% owing t%li%the rising demands in the office, commercial, industrial, and residential sectors. The need for electrical power in developing countries is significant due t%li%active production and building sectors, which is boosting the market for electric power transmission and distribution equipment. A crucial element in market progress, the emergence of smart cities has sparked the modernisation of electrical networks. Nonetheless, the loss of electrical energy during its transportation remains a substantial obstacle for the market for electric power transmission and distribution equipment. Equipment that can minimize energy waste is urgently needed, especially over longer distances.
Power T and D Equipment Market Segments:
Growth Drivers
Rising Energy Demand is Fueling Market Expansion
Integration of Renewable Energy and Infrastructure Investment t%li%Drive Power T&D Equipment Market
Restraint
Energy Consumption Pattern in Developed Countries is Evolving
Key Players
PRODUCT OVERVIEW
Power T&D Equipment Market is expected t%li%grow at a CAGR of 5.8% in the forecast period (2023-2032), with the market size valued at USD 141.03 billion in 2021 and projected t%li%reach USD 261.1 billion by 2032.
Power Transmission and Distribution Equipment (T&D equipment), which includes switchgears, switchboards, meters, and various components like cables, transformers, circuits, and more, is essential for moving electrical power from generation plants t%li%distant substations, from where it is distributed t%li%homes and businesses through a network of cables. T%li%keep up with the demand for technology that is safer and more effective, these parts are always evolving. Transmission is the process of moving massive amounts of electrical energy from generating plants t%li%strategically placed substations close t%li%areas of high demand. Subsequently, end users receive electricity from substations via a network. Notably, the handling of high-voltage power over extensive distances necessitates the use of specific equipment for electrical transmission and distribution.
MARKET HIGHLIGHTS
Power T&D Equipment Market is expected t%li%reach USD 261.1 billion, growing at a CAGR of 5.8% owing t%li%the rising demands in the office, commercial, industrial, and residential sectors. The need for electrical power in developing countries is significant due t%li%active production and building sectors, which is boosting the market for electric power transmission and distribution equipment. A crucial element in market progress, the emergence of smart cities has sparked the modernisation of electrical networks. Nonetheless, the loss of electrical energy during its transportation remains a substantial obstacle for the market for electric power transmission and distribution equipment. Equipment that can minimize energy waste is urgently needed, especially over longer distances.
Power T and D Equipment Market Segments:
- By Type
- Transformer
- Switchgear
- Circuit Breaker
- Inductor & Capacitors
- Meters
- Fuses & Equipment
- By Application
- Utility
- Commercial
- Residential
- Others
- By Voltage
- Low Voltage
- Medium Voltage
- High Voltage
Growth Drivers
Rising Energy Demand is Fueling Market Expansion
Integration of Renewable Energy and Infrastructure Investment t%li%Drive Power T&D Equipment Market
Restraint
Energy Consumption Pattern in Developed Countries is Evolving
Key Players
- ABB Ltd.
- Siemens AG
- Schneider Electric SE
- Eaton Corporation
- Hitachi Ltd.
- Mitsubishi Electric Corporation
- Toshiba Corporation
- Crompton Greaves Ltd. (CG Power)
- Hyundai Electric & Energy Systems Co., Ltd.
- Larsen & Toubr%li%Limited (L&T)
- Alstom SA
- Bharat Heavy Electricals Limited (BHEL)
- Fuji Electric Co., Ltd.
- Powell Industries, Inc.
- General Electric Company
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2.Business Trends
1.3. Power T&D Equipment Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Power T&D Equipment Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.POWER T&D EQUIPMENT MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.POWER T&D EQUIPMENT MARKET
10.1.Overview
10.2. Historical Analysis (2019-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. POWER T&D EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Type
11.3.1.1.Transformer
11.3.1.1.1.By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2.Switchgear
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2.Market Share (%) 2022-2032F
11.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.3.Circuit Breaker
11.3.1.3.1. By Value (USD Million) 2022-2032F
11.3.1.3.2.Market Share (%) 2022-2032F
11.3.1.3.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.4.Inductors & Capacitors
11.3.1.4.1. By Value (USD Million) 2022-2032F
11.3.1.4.2.Market Share (%) 2022-2032F
11.3.1.4.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.5.Meters
11.3.1.5.1. By Value (USD Million) 2022-2032F
11.3.1.5.2.Market Share (%) 2022-2032F
11.3.1.5.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.6.Fuses & Equipment
11.3.1.6.1. By Value (USD Million) 2022-2032F
11.3.1.6.2.Market Share (%) 2022-2032F
11.3.1.6.3.Y-o-Y Growth (%) 2022-2032F
11.3.2. By Application
11.3.2.1.Utility
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2.Market Share (%) 2022-2032F
11.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.2. Commercial
11.3.2.2.1.By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.3. Residential
11.3.2.3.1.By Value (USD Million) 2022-2032F
11.3.2.3.2. Market Share (%) 2022-2032F
11.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.4. Others
11.3.2.4.1.By Value (USD Million) 2022-2032F
11.3.2.4.2. Market Share (%) 2022-2032F
11.3.2.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.By Voltage
11.3.3.1 Low Voltage
11.3.3.1.1By Value (USD Million) 2022-2032F
11.3.3.1.2 Market Share (%) 2022-2032F
11.3.3.1.3 Y-o-Y Growth (%) 2022-2032F
11.3.3.2Medium Voltage
11.3.3.2.1 By Value (USD Million) 2022-2032F
11.3.3.2.2Market Share (%) 2022-2032F
11.3.3.3.1 Y-o-Y Growth (%) 2022-2032F
11.3.3.3High Voltage
11.3.3.3.1 By Value (USD Million) 2022-2032F
11.3.3.3.1 Market Share (%) 2022-2032F
11.3.3.3.1 Y-o-Y Growth (%) 2022-2032F
12.NORTH AMERICA POWER T&D EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Type
12.3.2. By Application
12.3.3. By Voltage
12.4. Country
12.4.1. United States
12.4.2. Canada
13.EUROPE POWER T&D EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Type
13.3.2. By Application
13.3.3. By Voltage
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC POWER T&D EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Type
14.3.2. By Application
14.3.3. By Voltage
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA POWER T&D EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Type
15.3.2. By Application
15.3.3. By Voltage
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA POWER T&D EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Type
16.3.2. By Application
16.3.3. By Voltage
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. ABB Ltd.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Siemens AG
18.3. Schneider Electric SE
18.4. General Electric Company
18.5. Eaton Corporation
18.6. Hitachi Ltd.
18.7. Mitsubishi Electric Corporation
18.8. Toshiba Corporation
18.9. Crompton Greaves Ltd. (CG Power)
18.10. Hyundai Electric & Energy Systems Co., Ltd.
1.1. Regional Market Share
1.2.Business Trends
1.3. Power T&D Equipment Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Power T&D Equipment Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.POWER T&D EQUIPMENT MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.POWER T&D EQUIPMENT MARKET
10.1.Overview
10.2. Historical Analysis (2019-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. POWER T&D EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Type
11.3.1.1.Transformer
11.3.1.1.1.By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2.Switchgear
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2.Market Share (%) 2022-2032F
11.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.3.Circuit Breaker
11.3.1.3.1. By Value (USD Million) 2022-2032F
11.3.1.3.2.Market Share (%) 2022-2032F
11.3.1.3.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.4.Inductors & Capacitors
11.3.1.4.1. By Value (USD Million) 2022-2032F
11.3.1.4.2.Market Share (%) 2022-2032F
11.3.1.4.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.5.Meters
11.3.1.5.1. By Value (USD Million) 2022-2032F
11.3.1.5.2.Market Share (%) 2022-2032F
11.3.1.5.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.6.Fuses & Equipment
11.3.1.6.1. By Value (USD Million) 2022-2032F
11.3.1.6.2.Market Share (%) 2022-2032F
11.3.1.6.3.Y-o-Y Growth (%) 2022-2032F
11.3.2. By Application
11.3.2.1.Utility
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2.Market Share (%) 2022-2032F
11.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.2. Commercial
11.3.2.2.1.By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.3. Residential
11.3.2.3.1.By Value (USD Million) 2022-2032F
11.3.2.3.2. Market Share (%) 2022-2032F
11.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.4. Others
11.3.2.4.1.By Value (USD Million) 2022-2032F
11.3.2.4.2. Market Share (%) 2022-2032F
11.3.2.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.By Voltage
11.3.3.1 Low Voltage
11.3.3.1.1By Value (USD Million) 2022-2032F
11.3.3.1.2 Market Share (%) 2022-2032F
11.3.3.1.3 Y-o-Y Growth (%) 2022-2032F
11.3.3.2Medium Voltage
11.3.3.2.1 By Value (USD Million) 2022-2032F
11.3.3.2.2Market Share (%) 2022-2032F
11.3.3.3.1 Y-o-Y Growth (%) 2022-2032F
11.3.3.3High Voltage
11.3.3.3.1 By Value (USD Million) 2022-2032F
11.3.3.3.1 Market Share (%) 2022-2032F
11.3.3.3.1 Y-o-Y Growth (%) 2022-2032F
12.NORTH AMERICA POWER T&D EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Type
12.3.2. By Application
12.3.3. By Voltage
12.4. Country
12.4.1. United States
12.4.2. Canada
13.EUROPE POWER T&D EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Type
13.3.2. By Application
13.3.3. By Voltage
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC POWER T&D EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Type
14.3.2. By Application
14.3.3. By Voltage
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA POWER T&D EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Type
15.3.2. By Application
15.3.3. By Voltage
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA POWER T&D EQUIPMENT MARKET SIZE & FORECAST 2022A-2032F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Type
16.3.2. By Application
16.3.3. By Voltage
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. ABB Ltd.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Siemens AG
18.3. Schneider Electric SE
18.4. General Electric Company
18.5. Eaton Corporation
18.6. Hitachi Ltd.
18.7. Mitsubishi Electric Corporation
18.8. Toshiba Corporation
18.9. Crompton Greaves Ltd. (CG Power)
18.10. Hyundai Electric & Energy Systems Co., Ltd.
