Global Transmission & Distribution (T&D) Equipment Market to Register 7.25% CAGR Through 2024

July 29, 2020

As per the report titled ‘Global Transmission & Distribution (T&D) Equipment Market: Analysis By Equipment Type, By Switchgear Type, 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, global transmission & distribution (T&D) equipment market is projected to accrue substantial gains, expanding with a CAGR of 7.25% over 2019-2024.

Escalating demand for electrical products like switchgears and transformers for transferring high voltages over long distance, coupled with increasing power generation capacity to fulfill the energy requirements of the burgeoning population are fueling the growth of global transmission & distribution (T&D) equipment market.  Further, rapid urbanization, increasing industrial activities and government initiatives in developing nations aimed towards development of the power sector are anticipated to propel the industry growth in the upcoming years.

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Based on equipment type, global transmission & distribution (T&D) equipment market is categorized into inductors and capacitors, switchgears, meters, transformers, and others. The switchgear segment is further categorized into circuit breakers, fuses, relays, switches, instrument transformer, and others.

Considering the voltage type, global transmission & distribution (T&D) equipment market is classified into low voltage, medium voltage, and high voltage.

Moving on to the regional landscape, global transmission & distribution (T&D) equipment market is segmented into Asia Pacific (India, China, Japan, Rest of APAC), Europe (Germany, France, UK, Italy, Rest of Europe), Americas (US, Canada, Brazil, Rest of Americas), and Middle East and Africa.

Major companies operating in global transmission & distribution (T&D) equipment market are Schneider Electric, General Electric Company, Siemens AG, ABB, Mitsubishi Electric Corporation, Bharat Heavy Electricals Limited, Eaton Corporation Inc., TBEA Co., Ltd., China XD Group, and Fuji Electric Co., Ltd.

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