November 04, 2019
According to the latest study titled ‘Global Transmission & Distribution (T&D) Equipment Market: Analysis By Equipment Type (Switchgears, Transformers, Meters, Inductors & Capacitors, Others), By Switchgear Type (Circuit Breakers, Relays, Switches, Fuses, Instrument Transformers, Others), By voltage Type (Low Voltage, Medium Voltage, High Voltage), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024)’ available with Market Study Report LLC, the global transmission & distribution equipment market is estimated to grow with a CAGR of 7.25% through 2024.
The transmission and distribution equipment market trends are anticipated to proliferate on account of the rising demand for power worldwide. This demand has to the escalating requirement of electric components such as switchgears, that are used to transmit high voltages spanning long distances. Increasing demand of electrical products supported by the rising trend of industrialization worldwide are the key factors propelling the growth of transmission and distribution equipment market.
The study examines the market for revenue shares of every segment and growth opportunities prevalent in the industry. Moreover, it provides an exhaustive understanding about growth drivers and numerous challenges faced by industry contenders.
Based on equipment type, the transmission and distribution equipment market is segmented into transformers, switchgears, inductors, meters, capacitors, and others. While speaking of voltage type, the industry is divided into high, low, and medium voltage.
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Considering the geographical landscape, the global transmission and distribution equipment market is fragmented into four major regions, namely, Europe, APAC, America, and Middle East & Africa, with key focus on countries, namely United Kingdom, France, Canada, U.S, China, Germany, Japan, Brazil, Mexico, rest of America, and Italy, rest of Europe, Africa, Middle East, rest of APAC, India.
Some of the vendors that operate in transmission and distribution equipment market are SIEMENS, Schneider Electric, Mitsubishi Electric, GE, Eaton Corporation PLC, ABB, China XD Group, BHEL, Fuji Electric, and TBEA.
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