Electricity Transmission and Distribution Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION 

The many stages of transferring power from generators to a home or a business across poles and wires are referred to as transmission and distribution of electricity. The global market for electricity transmission and distribution is being driven by an increase in measures taken by governments of various nations to encourage the use of energy produced by renewable energy sources. Additionally, it is projected that growing stakeholder and player opportunities in the worldwide electricity transmission and distribution market would result from developments in electrical grid technology and increased need for modernization.

MARKET DYNAMICS 

The need for energy is anticipated to increase in the coming years because of the fast urbanization and industrialization occurring around the world. Renewable energy sources are being used to generate electricity to keep up with the increased demand for energy around the world. During the projected period, an ongoing increase in power demand is anticipated to drive the global transmission and distribution of electricity market. The global market for electricity transmission and distribution is expanding because of the need for improvements in energy security and transmission efficiency.

MARKET SCOPE

The "Global Electricity Transmission and Distribution Market Analysis To 2031" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The electricity transmission and distribution market report aim to provide an overview of the electricity transmission and distribution market with detailed market segmentation by product, transmission cable, application, and geography. The global electricity transmission and distribution market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electricity transmission and distribution market player and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global electricity transmission and distribution market is segmented based on product, transmission cable, application. Based on product, the electricity transmission and distribution market is segmented into transformer, switchgears, transmission tower, power cables and wires, others. Based on transmission cable, the electricity transmission and distribution market is segmented into overhead transmission, sub transmission, underground transmission. Based on application, the electricity transmission and distribution market is segmented into residential, commercial, and industrial. 
 

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global electricity transmission and distribution market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The electricity transmission and distribution market by each region is later sub-segmented by respective countries and segments. The electricity transmission and distribution market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the electricity transmission and distribution market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the electricity transmission and distribution market in these regions.
 

IMPACT OF COVID-19 ON ELECTRICITY TRANSMISSION AND DISTRIBUTION MARKET

The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global electricity transmission and distribution market. The supply chain disruptions influenced the decline in demand for electricity transmission and distribution grids. Additionally, the stringent lockdown imposed by various government bodies across impacted the manufacturers of electricity transmission and distribution thereby impacting the growth of the global electricity transmission and distribution market. 

MARKET PLAYERS

The reports cover key developments in the electricity transmission and distribution market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from electricity transmission and distribution market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the electricity transmission and distribution market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electricity transmission and distribution market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• Siemens Energy
• Mitsubishi Electric Corporation
• ABB
• Eaton
• CG Power & Industrial Solutions Ltd. 
• Bharat Heavy Electricals Limited
• LARSEN & TOUBRO LIMITED
• General Electric
• Schneider Electric
• Kirloskar Electric Company

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Electricity Transmission and Distribution Report Scope