Market Overview:
The global electric power transmission and distribution equipment market size reached US$ 283.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 406.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.09% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 283.2 Billion |
Market Forecast in 2032
|
US$ 406.1 Billion |
Market Growth Rate 2024-2032 |
4.09% |
Electric transmission and distribution equipment (T&D equipment) is used for transferring power and electrical energy between a power generation plant and an electrical substation located in another place. This set of equipment primarily involves switchgears, switchboards, basic and advanced meters, belts and chains, along with interconnected lines, known as transmission network, that facilitates the flow of electrical energy. It also includes cables, switches, transformers, conductors, circuits, converters, insulators and capacitors. These components are undergoing consistent technological upgradation, owing to the increasing demand for more efficient, safer and reliable transmission and distribution equipment.

The growing energy demand from residential, commercial and industrial sectors is the key factor driving the growth of the market. Widespread installation of electrical appliances such as air conditioners, ventilators, and lighting systems in commercial and residential spaces is further fueling the demand for electric power T&D equipment. Moreover, the advent of smart cities has led to the modernization of electrical grids, which is another crucial factor contributing to the market growth. Additionally, the increasing investments in renewable energy facilities and awareness regarding the need to reduce energy losses are encouraging the adoption of technologically improved equipment across the globe. Furthermore, market players are emphasizing on providing equipment at competitive prices. The lower prices will also assist in minimizing the operational costs for the end users. Other factors contributing to the market growth include rapid urbanization, increased research and development (R&D) in transformer production and prioritization of domestic energy infrastructure development by governments of several nations.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global electric power transmission and distribution equipment market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on equipment type, powerline installation type, voltage and end-use industry.
Breakup by Equipment Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Wire and Cable
- Switchgear and Switchboard
- Transformer
- Power
- Distribution
- Specialty
- Meters
- Insulator & Capacitor
- Others
Breakup by Powerline Installation Type:
- Underground Installation
- Overhead Installation
Breakup by Voltage:
- Low Voltage Distribution
- Medium Voltage Distribution
- High Voltage Distribution
Breakup by End-Use Industry:
- Utilities
- Industrial
- Residential
- Commercial
Breakup by Region:
To get more information on the regional analysis of this market, Request Sample
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being ABB Ltd., CG Power and Industrial Solutions Limited, Eaton Corporation Plc, General Electric Company, Hubbell Incorporated, Itron Inc., Larsen & Toubro Limited, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, TBEA Co., Ltd., etc.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Equipment Type, Powerline Installation Type, Voltage, End-Use Industry, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
ABB Ltd., CG Power and Industrial Solutions Limited, Eaton Corporation Plc, General Electric Company, Hubbell Incorporated, Itron Inc., Larsen & Toubro Limited, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG and TBEA Co., Ltd. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |