Lucintel anticipates that Asia Pacific will be the fastest growing region in the global electric transmission and distribution equipment market, The global electric transmission and distribution equipment market is expected to reach $304 billion by 2022.
According to a new market report published by Lucintel, the future of the electric transmission and distribution equipment market looks promising with opportunities in the power utilities, residential, commercial, and industrial sectors. The global electric transmission and d… equipment market is expected to reach an estimated $304 billion by 2022 and is forecast to grow at a CAGR of 6.2% from 2017 to 2022.
The major drivers of growth for this market are increasing demand for electricity, new power generation capacity additions, and the expansion of transmission and distribution infrastructure.
Browse 90 market data tables and 108 figures spread through 178 pages and in-depth TOC on “Global Electric Transmission and Distribution Equipment Market"
In this market, wire and cable, switchgear, transformer, meters, insulator and capacitor are the major products used in the transmission and distribution of electricity.
Within the electric transmission and distribu… equipment market, 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 demand for equipment in residential end use is likely to experience the highest growth in the forecast period supported by growth in low voltage equipment such as cable and switchgear.
Asia Pacific is expected to remain the largest market by value and 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.
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. ABB, Siemens AG, Mitsubishi Electric Corp., Schneider Electric, General Electric, Xian XD Switchgear Electric and Crompton Greaves are among the major suppliers of electric transmission and distribution equipment.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global electric transmission and distribution equipment market by product type, voltage type, end use, and region and has come up with a comprehensive research report, “Growth opportunities in th…nalysis.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
The study includes electric transmission and distribution equipment market size and forecast for the electric transmission and distribution equipment market through 2022 segmented by product type, voltage type, end use, and region as follows:
Electric transmission and distribution equipment market by product type [$B shipment analysis for 2011 – 2022]:
- Wire and Cable
- Basic Meter
- Smart Meter
Electric transmission and distribu… equipment market by Voltage [$B shipment analysis for 2011 – 2022]:
- Low Voltage
- Medium Voltage
- High Voltage
Electric transmission and distribution equipment market by End Use Industry [$B shipment analysis for 2011 – 2022]:
Electric transmission and distribution equipment market by Region [$B shipment analysis for 2011 – 2022]:
- North America
- United States
- United Kingdom
- Asia Pacific
- South Korea
- The Rest of the World
- Saudi Arabia
- South Africa
This 178-page research report will enable you to make confident business decisions in this globally competitive marketplace.
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