Lucintel forecasts that the wire and cable segment will remain the largest segment due to increasing electricity access to residential and commercial buildings. The transformer segment is expected to witness the highest growth over the forecast period supported by government spending in electrical infrastructure and growth in housing demand in emerging markets. #ElectricTransmissionandDistributionEquipmentMarket, #ElectricTransmissionEquipmentMarket, #ElectricDistributionEquipmentMarket, #TransmissionandDistributionEquipmentMarket

1. Electric Transmission and Distribution Equipment
Market Report 2019-2024: Trends, Forecast and
Competitive Analysis
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2. Industry Profiles Snapshot
Major Parameter Description
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 CAGR 5%
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
2024.
Key Industry Driver
Driver: Increasing demand for electricity, new power generation capacity
additions, and the expansion of transmission and distribution infrastructure..
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3. 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 2024.
• 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 (2019-24) 5%
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Industry Performance : Forecast