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The world's rapid population growth is expected to drive the Power Transportation and Distribution Equipment Market. Growth in development and urbanisation present robust market opportunities in this sector; taking all of these relative factors into account, the demand for T&D equipment is expected to rise. According to State Policies, demand for electricity generation grows at twice the rate of demand for primary energy.
Power Transportation and Distribution Equipment Market Report Scope and Research Methodology:
The report provides an in-depth analysis of the strategies of the leading players in the Power Transportation and Distribution Equipment industry, as well as a thorough analysis of the various market segments and geographies. SWOT analysis was employed to provide the strengths and weaknesses of the Power Transportation and Distribution Equipment key players. A detailed analysis of Power Transportation and Distribution Equipment market dynamics including drivers, restraints, opportunities and challenges is provided region-wise and segment-wise. Figures for import/export consumption, supply and demand, price, cost, revenue, and gross margins are also included in the Power Transportation and Distribution Equipment Market report. The data collected by using primary and secondary research and analysed by SMR analysts on Power Transportation and Distribution Equipment Market was combined for accurate inferences. To collect information for the Power Transportation and Distribution Equipment Market report on important factors such as market trends, market size, growth trends, competitive landscape, outlook etc, primary interviews were conducted while the secondary information was collected from the sources such as annual or financial reports, government documents, company websites, industry white papers, paid databases and free databases. The bottom-up approach was used to estimate the and regional Power Transportation and Distribution Equipment Market size.
Power Transportation and Distribution Equipment Market Report Overview:
The research is based on forecasts from major companies as well asPower Transportation and Distribution Equipment Market statistics. The Power Transportation and Distribution Equipment Market Report provides growth variables, current market share, various types, technologies, applications, and regional penetrations by 2029 during the forecast period.
Power Transportation and Distribution Equipment Market Size was valued at USD 221.4 billion and is expected to grow at a CAGR of 7.1 % during the forecast period (2022-2027).
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Power Transportation and Distribution Equipment Market Regional Analysis:
The market's primary geographic condition, as well as segments and sub-segments, are examined in the Power Transportation and Distribution Equipment Industry Research. The current state of the regional market is provided in the report in terms of market size, share, and volume. The Power Transportation and Distribution Equipment market report consists of an analysis of all the regions:
Power Transportation and Distribution Equipment Market Segmentation:
This report divides the Power Transportation and Distribution Equipment Market by Equipment type, application, and geographical region. The Power Transportation and Distribution Equipment Market is classified by type as transformers, circuit breakers, inductors and capacitors, metres, fuses and equipment, and by application as utilities, commercial, residential, industrial and others. The report also divides Europe, North America, Asia-Pacific, the Middle East, and South America into geographical segments.
Transformers are the devices in charge of final voltage distribution and power stabilisation. Transformer demand is expected to be driven by rising infrastructure development and the incorporation of renewable energy resources. The transformer market was worth 55.2 billion USD in 2021 and is expected to grow at a 6.3% CAGR during the research period.
Circuit breakers are devices that interrupt current fluctuations and secure the circuit; the circuit breaker market is expected to be worth 14.4 billion dollars by 2021. Switchgears are devices that are used to turn on and off the course as well as control and regulate power. The Switch Gear Market accounts for 30% of the T&D Equipment market. Switch Gears is expected to dominate this segment, with a market value of 94.4 billion USD by 2027.
With the adoption of smart cities, new industrial projects, and renewable energy generation, the commercial and industrial applications of Power T&D equipment are expected to grow. The demand for power distribution in developing countries is expected to rise as rural areas develop.
China was the largest exporter of transformer equipment in 2020, accounting for 29% of the market, followed by Germany and the United States. The Netherlands had the fastest growth rate in the export of electrical transformer equipment.
Power Transportation and Distribution Equipment Market Key Players:
Hitachi ABB Power Grids (Switzerland)
Schneider Electric (France)
Siemens (Germany)
Eaton Corporation (Ireland)
Mitsubishi Electric Corporation (Japan)
Hammond Power Solutions (Canada)
Toshiba Corporation (Japan)
General Electric (US.)
TE Connectivity (Switzerland)
Powell Industries Inc. (US.)
Fuji Electric Co. Ltd (Japan)
Bharat Heavy Electricals Limited (BHEL) (India)
Chint Group (China)
Basler Electric Company (US.)
CG Power and Industrial Solutions Limited (India)
G&W Electric (US.)
S&C Electric (US.)
Itron (US.)
Landis+GYR (Switzerland)
Key Questions answered in the Power Transportation and Distribution Equipment Market Report are:
Key offerings:
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
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