Market.us announces publication of its most recently generated research report titled, “Global Energy Distribution and Transmission Market by Product type (Conductors, Transformers, Towers, Protection Devices, others), By Application (Overhead Lines, Submarine Power Cables, Underground Cables) and by Region – Global Forecast to 2028”, which offers a holistic view of the Global Energy Distribution and Transmission Market through systematic segmentation that covers every aspect of the target market.

The Global Energy Distribution and Transmission Market is projected to be US$ 14,160.2 Mn in 2019 to reach US$ 25,545.2 Mn by 2029 at a CAGR of 6.1%.

The energy distribution is the last stage in the delivery of energy, whereas energy transmission is the bulk movement of energy from a generating site, such as a power plant, to an electrical substation. The connected lines which aid this movement are called transmission network. Then the energy is carried from a transmission system to the individual consumers, which is known as energy distribution. With the use of transformers, the transmission system is connected to distribution substations and lower the transmission voltage to medium voltage of 2 kV to 35 kV. The medium voltage power is then carried to distribution transformers, which are located near the customer's location through primary distribution lines. In North America, the transmission and distribution network is combined known as power grid or the grid. In India, Myanmar, New Zealand, Tanzania, Malaysia, and the United Kingdom, the transmission and distribution network is called the "National Grid." Before 1990, the same company owned transmission and distribution lines.  But, from the 1990s, several countries liberalized the regulation of the energy market, which has led to the division of the energy transmission business from the distribution business.

The global energy ecosystem is on the way of a substantial transformation. The industry is moving away from traditional large-scale infrastructure to focus on clean, sustainable energy. Which has resulted in the increasing use of the digital – or smart – technology. Thus, the rapid integration of digitalized electrical components is increasing the need for up-gradation in the transmission and distribution system which is one of the major drivers of target market growth. Developing regions are concentrating on revamping existing grid infrastructure to cater to the rising amount of power generation and power demand. Developing countries are increasing spending on the infrastructure revamp according to power generation capacity and demand requirements. Therefore, the refurbishing of the existing grid infrastructure across developing countries is expected to boost market growth.

Global Energy Distribution and Transmission Market Revenue (US$ Mn), 2019–2029

In addition to continuously rising fixed cost and variable cost for electric distribution utilities, the cost of energy transmission and distribution is continuously increasing.  Thus, the rising energy transmission and distribution cost to electric distribution utilities due to transmission build-out and upgrades coupled with the crowding caused by the installation of large amounts of renewable energy might hinder target growth.

Global energy distribution and transmission market are segmented on the basis of product type, application, and region. On the basis of product type, the market is segmented into Conductors, Transformers, Towers, Protection Devices, others.  Among Product Type Conductors segment is account for major share. On the basis of application, the market is segmented into Overhead Lines, Submarine Power Cables, Underground Cables.  The Overhead Lines segment accounts for a majority share in the Global Energy Distribution and Transmission market.

Global Energy Distribution and Transmission Market Attractiveness Index by Product Type, 2019

On the basis of region, the market is segmented into North America, Europe, APAC, South America and MEA. The APAC accounts for the majority share in the global energy distribution and transmission market, owing to developing the industrial sector in these regions

The research report on the Global energy distribution and transmission Market includes profiles of some of major companies such as ABB Ltd, Bharat Heavy Electricals Limited, Alstom, Diamond Power Infrastructure Limited, General Electric Company, Siemens Aktiengesellschaft, Schneider Electric SE., DAIHEN Corporation, Eaton Corporation plc, Mitsubishi Electric Corporation, PFISTERER, ASTOR TRANSFORMER A.S.

Key Market Segments

Type

• Conductors
• Transformers
• Towers
• Protection Devices

Application

• Overhead Lines
• Submarine Power Cables
• Underground Cables

Key Market Players included in the report:

• ABB Ltd
• Bharat Heavy Electricals Limited
• Alstom
• Diamond Power Infrastructure Limited
• General Electric Company
• Siemens Aktiengesellschaft
• Schneider Electric SE.
• DAIHEN Corporation
• Eaton Corporation plc
• Mitsubishi Electric Corporation
• PFISTERER
• ASTOR TRANSFORMER A.S

For the Energy Distribution and Transmission Market research study, the following years have been considered to estimate the market size: