About Electric Transmission and Distribution Equipment
Power transmission involves the extensive transfer of electricity, typically at elevated voltage levels, from a power generation facility to a substation. In contrast, power distribution entails the conversion of high-voltage electricity within substations into lower voltage levels suitable for widespread distribution and utilization by various private, public, and industrial consumers. This equipment plays a crucial role in ensuring a reliable and efficient supply of electricity to meet the demands of consumers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
There are various companies that are operating the market are expanding their footprint in new geographical regions by various market growth strategies mergers & acquisitions, expansions, investments, and others. There are various players are exploring new market opportunities expansions and acquisitions across the globe to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Electric Transmission and Distribution Equipment market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB Group (Switzerland), Siemens AG (Germany), Schneider Electric (France), Eaton Corporation (Ireland), General Electric (GE) (United States), Mitsubishi Electric Corporation (Japan), Hitachi, Ltd. (Japan), China Light and Power (China), CG Power & Industrial Solutions Ltd. (India), Xian XD Switchgear Electric (China), Toshiba Corporation (Japan), Hyosung Corporation (South Korea), Larsen & Toubro Limited (L&T) (India) and Areva SA (French) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Tebian Electric Apparatus Co., Ltd. (China), Havells India Ltd. (India), Fuji Electric Co., Ltd. (Japan) and Kirloskar Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Global Electric Transmission and Distribution Equipment market by Type (Transformers, Switchgear, Capacitors, Insulators and Fittings, Cables and Lines and Others) and Region.
On the basis of geography, the market of Electric Transmission and Distribution Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology , the sub-segment i.e. Conventional will boost the Electric Transmission and Distribution Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Voltage, the sub-segment i.e. Low Voltage will boost the Electric Transmission and Distribution Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Energy & Utilities will boost the Electric Transmission and Distribution Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Smart Grid Technologies and Rise in Investment in Research & Development
Market Growth Drivers:
Rising Development in the Energy Sector and Increasing Demand For Electricity
Challenges:
High Cost Associated with Electric Transmission and Distribution Equipment
Restraints:
The Slowdown in Economy Because of Coronavirus Pandemic
Opportunities:
Huge Demand in the United States Region, Because of the Development in Electric Power Generation, this Provides Huge Opportunities in Switchgear and Transformers and High Demand from Residential Areas
Market Leaders and their expansionary development strategies
In January 2020, Siemens Ltd, has the acquired of C&S Electric Ltd. The acquisition addresses rising demand for low-voltage power distribution in India. will strengthen Siemens’ position as a key supplier of low-voltage power distribution and electrical installation technology in one of the world’s fastest-growing economies,
In Jan 2020, Siemens announced the acquisition of C&S Electric in India, to cater to the growing requirement for low voltage power distribution in India. As with the rapid growth in the energy sector in India, there are numerous opportunities are generating in the market. Through this strategic initiative, the company is aiming to gain major market share in India.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Electric Transmission and Distribution Equipment Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.