All updated as on -
According to a recent Market Research Future (MRFR) analysis, the size of the global market for power T&D equipment would increase at a promising CAGR of 8.4% by 2030.
The electrical supply of electricity and energy is related to power. It comprises the provision of various energy and operational measures, such as smart metres, smart appliances, sources of renewable energy, and resources that are energy-efficient. The production and distribution of electricity must be controlled electronically, which is a key component of the smart grid. Peak power rates are no longer required to be averaged out and impartially distributed to all consumers due to technological limits on metering.
Due to the significant variability of dominant kinds of energy like wind and solar power, it became clear that more advanced control systems were required to enable the coupling of sources to the otherwise highly controllable grid. The need for big, centralised power plants has also been seriously questioned by the power generated by photovoltaic cells. The sharp decline in price suggests a dramatic shift away from a centralised grid topology towards one that is widely distributed, with power being produced and used right at the grid's edges.
The market for power T&D equipment has been divided into different categories based on type, including transformers, switchgear, circuit breakers, inductors and capacitors, metres, fuses & equipment, and others. A 37.9% market share of the market for power T&D equipment was owned by the switchgear segment. The global market for power T&D equipment has been divided into five regions based on geography: North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. A 40.5% portion of the world market for power T&D equipment was owned by Asia-Pacific.
COVID-19 has had a significant impact on all global industries. Governments around the world have implemented stronger measures for the functioning of industrial plants and offices, resulting in stricter lockdowns, as a result of the rapid proliferation. The lockdown had a significant effect on the whole power sector because the commercial and industrial sectors' demand for power significantly fell.Global demand for power T&D equipment has sharply decreased as a result of the epidemic, particularly in countries that have implemented total lockdowns. T&D equipment manufacturers experience supply chain disruptions due to the use of T&D equipment in utilities, commercial, water & wastewater treatment, and many other crucial industries. The utility, industrial, residential, and commercial sectors have, however, experienced a sharp fall in the market as a result of the decline in global energy consumption. Furthermore, due to COVID-19, major international firms in the market for Power T&D Equipment are experiencing a slowdown and are unable to start projects and complete new innovations.
Report Coverage
Global Power T&D Equipment research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Power T&D Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Power T&D Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Power T&D Equipment market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Power T&D Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Power T&D Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Power T&D Equipment market based on the below-mentioned segments:
Global Power T&D Equipment Market, By Type
Transformer
Switchgear
Circuit Breaker
Inductor & Capacitors
Meters
Fuses & Equipment
Global Power T&D Equipment market, By Application
Utility
Commercial
Residential
Industrial
Others
Global Power T&D Equipment market, Regional Analysis
The electrical supply of electricity and energy is related to power. It comprises the provision of various energy and operational measures, such as smart metres, smart appliances, sources of renewable energy, and resources that are energy-efficient. The production and distribution of electricity must be controlled electronically, which is a key component of the smart grid. Peak power rates are no longer required to be averaged out and impartially distributed to all consumers due to technological limits on metering.
Due to the significant variability of dominant kinds of energy like wind and solar power, it became clear that more advanced control systems were required to enable the coupling of sources to the otherwise highly controllable grid. The need for big, centralised power plants has also been seriously questioned by the power generated by photovoltaic cells. The sharp decline in price suggests a dramatic shift away from a centralised grid topology towards one that is widely distributed, with power being produced and used right at the grid's edges.
The market for power T&D equipment has been divided into different categories based on type, including transformers, switchgear, circuit breakers, inductors and capacitors, metres, fuses & equipment, and others. A 37.9% market share of the market for power T&D equipment was owned by the switchgear segment. The global market for power T&D equipment has been divided into five regions based on geography: North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. A 40.5% portion of the world market for power T&D equipment was owned by Asia-Pacific.
COVID-19 has had a significant impact on all global industries. Governments around the world have implemented stronger measures for the functioning of industrial plants and offices, resulting in stricter lockdowns, as a result of the rapid proliferation. The lockdown had a significant effect on the whole power sector because the commercial and industrial sectors' demand for power significantly fell.Global demand for power T&D equipment has sharply decreased as a result of the epidemic, particularly in countries that have implemented total lockdowns. T&D equipment manufacturers experience supply chain disruptions due to the use of T&D equipment in utilities, commercial, water & wastewater treatment, and many other crucial industries. The utility, industrial, residential, and commercial sectors have, however, experienced a sharp fall in the market as a result of the decline in global energy consumption. Furthermore, due to COVID-19, major international firms in the market for Power T&D Equipment are experiencing a slowdown and are unable to start projects and complete new innovations.
Report Coverage
Global Power T&D Equipment research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Power T&D Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Power T&D Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Power T&D Equipment market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Power T&D Equipment Market from 2021 to 2030.
- Market Forecast for Power T&D Equipment Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Power T&D Equipment competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Power T&D Equipment
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Power T&D Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Power T&D Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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)
Primary Target Market
- Market Players of Power T&D Equipment
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Power T&D Equipment market based on the below-mentioned segments:
Global Power T&D Equipment Market, By Type
Transformer
Switchgear
Circuit Breaker
Inductor & Capacitors
Meters
Fuses & Equipment
Global Power T&D Equipment market, By Application
Utility
Commercial
Residential
Industrial
Others
Global Power T&D Equipment market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive power t d equipment market market research and competitor analysis for your business to help you develop more profound insights into the power t d equipment market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the power t d equipment market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.