Electric Transmission and Distribution Equipment Market Report : Trends, Forecast and Competitive Analysis 1

Industry Profiles Snapshot Major ParameterDescription Market Segments by Product Wire and cable, switchgear, transformer, meter, insulator, and capacitor Market Segments by Voltage Type Low voltage, medium voltage, and high voltage Market Segments by End Use Utilities, industrial, residential, and commercial Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name ABB, Siemens AG, Mitsubishi Electric Corp., Schneider Electric, General Electric, Xian XD Switchgear Electric, and Crompton Greaves and others. Trend Growth Rate and CAGR5% Key Industry Forecast The global electric transmission and distribution equipment market is expected to reach an estimated $324 billion by 2024 with a CAGR of 5% from 2019 to Key Industry Driver Driver: Increasing demand for electricity, new power generation capacity additions, and the expansion of transmission and distribution infrastructure.. 2

Industry Overview Market Size The global electric transmission and distribution equipment market is expected to reach an estimated $324 billion by 2024 with a CAGR of 5% from 2019 to Emerging trends, which have a direct impact on the dynamics of the electric transmission and distribution equipment industry, include growing implementation of smart grid technology, implementation of advanced metering infrastructure, and transition from conventional to modular switchgears. Market Size (2024)$324 billion CAGR ( )5% 3 Industry Performance : Forecast