November 01, 2019
According to the latest study titled ‘Global Transmission and Distribution Equipment Market: Analysis By Equipment Type (Switchgear, Transformer, Meters, Inductors and Capacitors), By Switchgear Type, By voltage Type, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024)-- By Switchgear Type (Circuit Breakers, Relays, Switches, Fuses, Instrument Transformers), By voltage Type (Low Voltage, Medium Voltage, High Voltage)’ available with Market Study Report LLC, global transmission and distribution equipment market value is estimated to grow with a CAGR of 7.25% up to 2024.
Transmission and distribution equipment are devices used for moving power or electrical energy produced at a power generation plant to an electrical substation located in another area. The industry is expected to grow due to substantial increase in the power supply demand, coupled with growing deployment of electrical products such as transformers and switchgears to transmit high voltages over long distances.
The study explores the market opportunities in terms of revenue shares and growth, categorized into different segments. Moreover, it provides an exhaustive understanding about drivers and challenges, influencing the industry outlook.
Based on equipment type, transmission and distribution equipment market share is segmented into transformers, switchgears, meters, inductors and capacitors, among others. While based on the voltage type, the industry is divided into high, medium and low voltage products.
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Considering the geographical landscape, global transmission and distribution equipment market has been examined across five major regions, namely Europe, America, Asia Pacific, Middle East and Africa, with key focus on countries like the United Kingdom, France, Canada, U.S, China, Germany, Japan, Brazil, Russia, India, and Mexico.
Some of the established vendors that operate in global 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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