Transmission and Distribution (T&D) Equipment Market

Introduction of the Transmission and Distribution (T&D) Equipment Market Report

Transmission and distribution (T&D) equipment is the equipment that is utilized to carry the electricity by different stages through wires and poles from generators to business or home. The main difference between the transmission and distribution is the voltage level at which the electricity is moved in each stage. Transmission is referred to as the interstate highway of delivering the electricity in which the bulk electricity is moved from the generation sites through long distances to substations that are closer to the area with the demand for electricity. Distribution is the last part of the delivery of the electrical power from the generation to the users, and the distribution power is used to run the appliances.

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Market Dynamic

Key Drivers and Emerging Trends

The increasing demand for electricity stands is a major factor that is proliferating the growth of the transmission & distribution equipment market. In addition to this, the expansion in the industrial activities in developing countries like China and India and rising adoption of transmission & distribution equipment such as transformers and switchgear are also some of the key factors which are bolstering the growth of the market during the forecast period.

Moreover, various government initiatives aiming to increase the penetration of renewable energy and increasing modernization of the existing power grids across the world are further driving the market growth. For instance, Saudi Vision 2030 aims to diversify the economy and reduce its dependency on oil. In 2020, the Ministry of Energy of Saudi Arabia’s Renewable Energy Project Development Office issued the request for the qualifications of round three of the National Renewable Energy Program, which has four solar PV projects comprising a combined capacity of 1,200 MW.

Restraint in the Transmission and Distribution (T&D) Equipment Market

The factors which is responsible for hindering the growth of the global transmission and distribution (T&D) equipment market includes the lack of digitization in the grid infrastructure worldwide.

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Equipment Type – Segment Analysis

Based on the equipment type, the transformers segment is projected to increase at a higher CAGR during the forecast period. The growing adoption of transformers’, rising demand for electricity from the emerging economies, and up-gradation of the power grids globally are the key factors that are augmenting the growth of the market in this segment. In addition, the rising inclination towards the adoption of green transformers such as the GE green power transformer as a result of its various benefits such as the ability to prevent pollution by reducing carbon emissions is also a major factor driving the growth of the market over the forecast period.

Switchgears Type – Segment Analysis

On the basis of the switchgears type, the relays segment is expected to grow at a higher CAGR during the forecast period. The factor driving the growth of the market includes the growth in the demand for such type of switchgear is the continuous growing demand for electricity from various application areas such as industrial and commercial. Moreover, various benefits offered by the relays, such as their ability to detect the abnormalities like power loss or voltage drop and to avoid accidents and other incidents by tripping over or activating a circuit breaker is also accelerating the market growth.

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Regional – Segment Analysis:

Based on the region, the Asia-Pacific region is anticipated to grow at a higher CAGR during the forecast period. The increase in the growth and development of renewable energy projects like solar and wind in various countries such as China, the rise in the number of power transmission lines, and the up-gradation in the electrical infrastructure are the major factors that are bolstering the growth of the market in this region. For instance, the 14^th Five-Year Plan of China for renewable energy incorporates the past targets for non-fossil energy to give 20 percent of the primary energy production by 2030.

Top Market Players

Various notable players operating in the market include Schneider Electric, General Electric, Siemens, ABB, Mitsubishi Electric Corporation, Bharat Heavy Electricals Limited, Eaton, TEBA, Fuji Electric Co., Ltd., and Nexans, among others.

Key Developments: 

• • In 2020, Schneider Electric signed an agreement with the Egyptian Electricity Holding Company for the development of four control centers to enhance and monitor the electricity network. This project is worth USD 290 million. These centers enable to convert the national electricity distribution network into a future-ready smart grid.
  • In 2020, Siemens signed a memorandum of understanding (MoU) with the Republic of Ghana to tackle the energy and infrastructure challenges of the country. In this agreement, both the companies work together to extend and upgrade the transmission infrastructure of Ghana and enhance grid stability and capacity. 

Segments covered in the Report:

The global transmission and distribution (T&D) equipment market has been segmented on the basis of equipment type, switchgears type, voltage type, and regions. Based on the equipment type, the market is segmented into transformers, switchgears, inductors & capacitors, meters, and others. Based on switchgears type, the market is segmented into relays, circuit breaker, switches, fuses, instrument transformers, and others. Based on the voltage type, the market is segmented into low voltage, medium voltage, and high voltage. 

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Key questions answered in this research report:

• • At what pace is the global transmission and distribution (T&D) equipment market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the transmission and distribution (T&D) equipment market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global transmission and distribution (T&D) equipment market?
  • Which equipment type generated maximum revenues in 2019 and identify the most promising equipment type during the forecast period?
  • What are the various voltage types of the global transmission and distribution (T&D) equipment market, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Equipment Type, By Switchgears Type, By Voltage Type, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Schneider Electric, General Electric, Siemens, ABB, Mitsubishi Electric Corporation, Bharat Heavy Electricals Limited, Eaton, TEBA, Fuji Electric Co., Ltd., and Nexans, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Transmission and Distribution (T&D) Equipment Market by Equipment Type

• • Transformers
  • Switchgears
  • Inductors & Capacitors
  • Meters
  • Others

Global Transmission and Distribution (T&D) Equipment Market by Switchgears Type

• • Relays
  • Circuit Breaker
  • Switches
  • Fuses
  • Instrument Transformers
  • Others

Global Transmission and Distribution (T&D) Equipment Market by Voltage Type

• • Low Voltage
  • Medium Voltage
  • High Voltage

Global Transmission and Distribution (T&D) Equipment Market by Region

• • North America Transmission and Distribution (T&D) Equipment Market (Option 1: As a part of the free 25% customization)
    • North America Transmission and Distribution (T&D) Equipment Market by Equipment Type
    • North America Transmission and Distribution (T&D) Equipment Market by Switchgears Type
    • North America Transmission and Distribution (T&D) Equipment Market by Voltage Type
    • US Transmission and Distribution (T&D) Equipment Market All-Up
    • Canada Transmission and Distribution (T&D) Equipment Market All-Up
  • Europe Transmission and Distribution (T&D) Equipment Market (Option 2: As a part of the free 25% customization)
    • Europe Transmission and Distribution (T&D) Equipment Market by Equipment Type
    • Europe Transmission and Distribution (T&D) Equipment Market by Switchgears Type
    • Europe Transmission and Distribution (T&D) Equipment Market by Voltage Type
    • UK Transmission and Distribution (T&D) Equipment Market All-Up
    • Germany Transmission and Distribution (T&D) Equipment Market All-Up
    • France Transmission and Distribution (T&D) Equipment Market All-Up
    • Spain Transmission and Distribution (T&D) Equipment Market All-Up
    • Rest of Europe Transmission and Distribution (T&D) Equipment Market All-Up
  • Asia-Pacific Transmission and Distribution (T&D) Equipment Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Transmission and Distribution (T&D) Equipment Market by Equipment Type
    • Asia-Pacific Transmission and Distribution (T&D) Equipment Market by Switchgears Type
    • Asia-Pacific Transmission and Distribution (T&D) Equipment Market by Voltage Type
    • China Transmission and Distribution (T&D) Equipment Market All-Up
    • India Transmission and Distribution (T&D) Equipment Market All-Up
    • Japan Transmission and Distribution (T&D) Equipment Market All-Up
    • Rest of APAC Transmission and Distribution (T&D) Equipment Market All-Up
  • RoW Transmission and Distribution (T&D) Equipment Market (Option 4: As a part of the free 25% customization)
    • RoW Transmission and Distribution (T&D) Equipment Market by Equipment Type
    • RoW Transmission and Distribution (T&D) Equipment Market by Switchgears Type
    • RoW Transmission and Distribution (T&D) Equipment Market by Voltage Type
    • Brazil Transmission and Distribution (T&D) Equipment Market All-Up
    • South Africa Transmission and Distribution (T&D) Equipment Market All-Up
    • Saudi Arabia Transmission and Distribution (T&D) Equipment Market All-Up
    • UAE Transmission and Distribution (T&D) Equipment Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Transmission and Distribution (T&D) Equipment Market All-Up

Major Players Operating in the Transmission and Distribution (T&D) Equipment Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Schneider Electric
  • General Electric
  • Siemens
  • ABB
  • Mitsubishi Electric Corporation
  • Bharat Heavy Electricals Limited
  • Eaton
  • TEBA
  • Fuji Electric Co., Ltd.
  • Nexans