Transmission and Distribution (T&D) Equipment Market Research Report

 

Global Transmission and Distribution (T&D) Equipment Market

The GMI Research forecasts that the Transmission and Distribution (T&D) Equipment Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the growing demand for power creation, electrification of the transportation sector, and rapid digitalization of the T&D network.

Introduction of the Transmission and Distribution (T&D) Equipment Market

Transmission and distribution (T&D) equipment is mainly used to transfer electricity by various stages through wires and poles from generators to businesses or homes. Transmission means the interstate highway to deliver the electricity in which mass electricity is transferred from the generation sites through long distances to an area with extensive demand for electricity.

Key Players of the Global Transmission and Distribution (T&D) Equipment Market:

·        Schneider Electric

·        Siemens

·        Fuji Electric Co., Ltd.

·        ABB

·        Bharat Heavy Electricals Limited

·        TEBA

·        Nexans

·        General Electric

·        Mitsubishi Electric Corporation

·        Eaton

Transmission and Distribution (T&D) Equipment Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The extension in the industrial activities across emerging countries such as India and China, along with the several government initiatives to accelerate the implementation of renewable energy, are some of the prominent drivers responsible for the growth of the transmission & distribution equipment market. In addition, the augmenting development in the existent power grids followed by the growing demand for electricity stands will further stimulate the transmission & distribution equipment market size. Saudi Vision 2030 points to expand the economy and decrease its dependency on oil. The Ministry of Energy of Saudi Arabia's Renewable Energy Project Development Office, in 2020, proclaimed the appeal to qualify for round three of the National Renewable Energy Program, which would have four solar PV projects comprehending an integrated capacity of 1,200 MW. However, the insufficient digitalisation across the grid infrastructure will hamper the market growth.

Equipment Type Segment Drivers

Based on the equipment type, transformers will expand at a higher CAGR in the near future. This is primarily because of the aggravating demand for electricity from developing countries and the modernization of power. In addition, the increasing inclination towards green transformers such as the GE green power transformer led by its various benefits, such as the potential to prevent pollution by decreasing carbon discharge, will bolster the transmission & distribution equipment market share.

Switchgears Type Segment Drivers

On the basis of the switchgear type, relays are projected to witness significant growth due to the persistent rise in the demand for electricity from different application areas like industrial and commercial. Additionally, various benefits like their capability to abnormalities, including power loss or voltage drop, and to evade accidents and other incidents by stumbling over or actuating a circuit breaker is strengthening the market growth.

Regional Drivers

Based on the regional coverage, Asia-Pacific is contemplated to experience faster growth in the coming years. This is mainly because of the growing renewable energy projects such as solar and wind in countries like China, the intensifying number of power transmission lines, and the up-gradation of electrical infrastructure. For example, the 14th Five-Year Plan of China for renewable energy assimilates the previous targets for non-fossil energy to offer approximately 20 percent of the primary energy production by the end of 2030.

Transmission and Distribution (T&D) Equipment Market Segmentation:

Segmentation by Equipment Type

·        Transformers

·        Switchgears

·        Inductors & Capacitors

·        Meters

·        Others

Segmentation by Switchgears Type

·        Relays

·        Circuit Breaker

·        Switches

·        Fuses

·        Instrument Transformers

·        Others

Segmentation by Voltage Type

·        Low Voltage

·        Medium Voltage

·        High Voltage

Segmentation by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports. Our research team helps clients understand market dynamics such as size, share, drivers, growth opportunities, and other market aspects. Our team of analysts and industry experts carry out market intelligence studies to ensure relevant and fact-based research across FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our clients through strategic and consulting services to reach a managerial and actionable decision. Highlighted in the '20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we are always looking forward to helping businesses excel and outshine.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

 

Comments

Post a Comment

Popular posts from this blog

Hi-Fi System Market Research Report

 Growth opportunities in the Hi-Fi system market look promising over the next six years. This is mainly due to the rising demand for portable devices such as smartphones, and laptops, the continuous technological advancement in the Hi-Fi systems, like integration of AI and machine learning, and the increasing penetration of the internet. Request for a FREE Sample Report on Hi-Fi System Market Hi-Fi System Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The augmenting demand for portable devices and the growing need for infotainment services are the crucial drivers fuelling the growth of the global Hi-Fi system market .  Rising portable device demand such as laptops, tablets, and smartphones strengthens the demand for wireless audio products in the HI-FI system market. Also, the ongoing technological developments in Hi-Fi systems, like the amalgamation of machine learning and artificial intelligence, are ...
Read more

Tight Gas Market Research Report

  Growth opportunities in the tight gas market look promising over the next six years. This is mainly due to the favourable government strategies, funds and aids for the gas production and the development of sophisticated technology. Request for a FREE Sample Report on Tight Gas Market Tight Gas Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers One of the prominent drivers responsible for the growth of the global tight gas market includes the augmenting demand for million barrels each day. In accordance with the U.S. Energy Information Administration, the demand of the barrels from 2016 Q1 to 2017 Q1 augmented from 1 million in 2016 to more than 2 million in 2017, and the same trend is anticipated in the future, which will change the perspective of the market, thereby fulfilling the market demand. Also, the emergence of low-cost gas supplies from different sources will change over the chauffeurs of natura...
Read more

Vitreoretinal Surgery Devices Market Research Report

 Growth opportunities in the vitreoretinal surgery devices market look promising over the next six years. This is mainly due to the increasing technological advancements and the rise in the geriatric population coupled with the rising eye disorders. Request for a FREE Sample Report on Vitreoretinal Surgery Devices Market Vitreoretinal Surgery Devices Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The increase in the geriatric population across the world along with the surging number of eye disorders including diabetic retinopathy, detached retina, macular hole, and CMV retinitis, and the growing awareness concerned with eye health are the key drivers stimulating the growth of the global vitreoretinal surgery devices market. The use of vitreoretinal surgeries to treat various eye-related disorders, with the help of several procedures, is effective in restoring and improving vision. Furthermore, the ongoing t...
Read more