Power Transmission and Distribution Equipment

Power Transmission and Distribution Equipment
Global Power Transmission and Distribution Equipment Market to Reach $370.4 Billion by 2030
The global market for Power Transmission and Distribution Equipment estimated at US$243.4 Billion in the year 2022, is projected to reach a revised size of US$370.4 Billion by 2030, growing at a CAGR of 5.4% over the period 2022-2030. Wires & Cables, one of the segments analyzed in the report, is projected to record 4.5% CAGR and reach US$107.4 Billion by the end of the analysis period. Growth in the Switchgear segment is estimated at 6.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $43.1 Billion, While China is Forecast to Grow at 7% CAGR
The Power Transmission and Distribution Equipment market in the U.S. is estimated at US$43.1 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$95.7 Billion by the year 2030 trailing a CAGR of 7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.Select Competitors (Total 500 Featured) - ASTOR TRANSFORMER A.S Bharat Heavy Electricals Limited CG Power and Industrial Solutions Limited (CG) DAIHEN Corporation Eaton Corporation plc GE Grid Solutions, LLC Hammond Power Solutions, Inc. HD Hyundai Electric Co. Ltd. Hubbell Incorporated Imefy Group JiangSu HuaPeng Transformer Co., Ltd. (JSHP) Kirloskar Electric Company Limited KONCAR Electrical Industry Inc. Larsen & Toubro Limited Mitsubishi Electric Corporation Pfisterer Holding AG Pioneer Power Solutions, Inc. Prysmian Group S&C Electric Company Schneider Electric S.E. SGB-SMIT Group Siemens AG Toshiba Energy Systems & Solutions Corporation Wilson Power Solutions Ltd. Wilson Transformer Company Pty Ltd.Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

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