The global Electricity Transmission and Distribution market was valued at 2944.74 Million USD in 2020 and will grow with a CAGR of 4.36% from 2020 to 2027, based on our Researcher newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Electricity Transmission and Distribution systems consist of many devices used in power transmission and distribution. Such devices include switchgears, transformers, Transmission Tower, Power Cables & Wires and so on.The major equipment of electricity transmission and distribution are Transformers,Switchgears, Transmission Tower,Power Cables & Wires. Complete sets of electricity transmission and distribution equipment suppliers still concentrated in ABB, Siemens, Alstom, Schneider Electronics. Other single device suppliers major include TOSHIBA,GE,Hitachi,Fuji Electric,Mitsubishi Electric,China XD Group,SYOSUNG,TBEA. Despite the slowdown of global economic growth in recent years,the electricity infrastructure investment of each country still keep on stable growth.The growth of transformers will be faster than other key equipment.The transformers used in transmission and distribution industry will grow to 35.2billion USD in 2020 .The switchgears used in transmission and distribution industry will grow to 38.4billion USD,the Transmission Tower and Power Cables & Wires market will grow to 29.9 billion USD and 42.1billion USD. According to the electricity infrastructure investment plan of each country, Africa ,India and some emerging markets still have great potential for growth in the future. Due to the clear global recovery trend, investors are still optimistic about this area. Although electricity transmission and distribution industry have a lot of opportunities, for the new entrants with only advantage in capital without sufficient support in technology and downstream channels, the research group did not recommend to enter this market.
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