Lucintel’s latest market report analyzed that electric power transmission and distribution equipment provides attractive opportunities in the power utilities, residential, commercial, and industrial sectors. The electric power transmission and distribution equipment market is expected to reach $381 billion by 2027 with a CAGR of 5.4%. In this market, wire and cable is the largest segment by product type, whereas utilities are largest by end use industry. The growing implementation of smart grid technology, implementation of advanced metering infrastructure, and transition from conventional to modular switchgears provides strategic growth path in this market.
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Based on product type, the electric power transmission and distribution equipment market is segmented into wires and cables, switchgears, transformers, meters, insulators, and capacitors. The wires and cables segment is accounted for the largest share of the market in 2021 due to increasing electricity access to residential and commercial buildings and transformer witness the highest growth in the forecast period supported by government spending in electrical infrastructure and growth in housing demand in emerging markets.
Browse in-depth TOC on “Electric Power Transmission and Distribution Equipment Market”
115 – Tables
135 – Figures
190 – Pages
The electric power transmission and distribution equipment market is marked by the presence of several big and small players. Some of the prominent players offering electric power transmission and distribution equipment include ABB, Siemens AG, Mitsubishi Electric Corp., Schneider Electric, General Electric, Xian XD Switchgear Electric, and Crompton Greaves.
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