LONDON, April 25, 2017 /PRNewswire/ -- Trends,
opportunities and forecast in this market to 2022 by product (wire
and cable switchgear, transformer, meter, insulator, and
capacitor), voltage type (low voltage, medium voltage, and high
voltage), end use (utilities, industrial, residential, and
commercial), and by region (North
America, Europe,
Asia Pacific, and the Rest of the
World)
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The future of the electric transmission and distribution equipment
market looks promising with opportunities in the power utilities,
residential, commercial, and industrial sectors. The global
electric transmission and distribution equipment market is expected
to reach an estimated $304 billion by
2022 and is forecast to grow at a CAGR of 6.2% from 2017 to 2022.
The major drivers of growth for this market are increasing demand
for electricity, new power generation capacity additions, and the
expansion of transmission and distribution infrastructure.
Emerging trends, which have a direct impact on the dynamics of the
electric transmission and distribution equipment industry, include
growing implementation of smart grid technology, implementation of
advanced metering infrastructure, and transition from conventional
to modular switchgears.
The study includes the electric transmission and distribution
equipment size and forecast for the electric transmission and
distribution equipment market through 2022, segmented by product
type, voltage type, end use, and region as follows:
Electric transmission and distribution equipment market by
product type [$B shipment analysis for 2011 – 2022]:
• Wire and Cable
• Switchgear
• Transformer
• Power
• Distribution
• Specialty
• Meter
• Basic Meter
• Smart Meter
• Insulator
• Capacitor
Electric transmission and distribution equipment market by
voltage [$B shipment analysis for 2011 – 2022]:
• Low Voltage
• Medium Voltage
• High Voltage
Electric transmission and distribution equipment market by end
use industry [$B shipment analysis for 2011 – 2022]:
• Utilities
• Industrial
• Residential
• Commercial
Electric transmission and distribution equipment market by
region [$B shipment analysis for 2011 – 2022]:
• North America
• United States
• Canada
• Mexico
• Europe
• Russia
• Germany
• United Kingdom
• France
• Italy
• Asia Pacific
• China
• India
• Japan
• South Korea
• The Rest of the World
• Brazil
• Saudi Arabia
• South Africa
Electric transmission and distribution equipment profiled in this
market include ABB, Siemens AG, Mitsubishi Electric Corp.,
Schneider Electric, General Electric, Xian XD Switchgear Electric
and Crompton Greaves are among the
major suppliers of electric transmission and distribution
equipment.
Within the electric transmission and distribution equipment market,
utilities are expected to remain the largest end use market due to
the replacement and upgradation of existing infrastructure and
increasing focus on renewable energy. Lucintel predicts that the
demand for equipment in residential end use is likely to experience
the highest growth in the forecast period supported by growth in
low voltage equipment such as cable and switchgear.
Lucintel forecasts that the wire and cable segment is expected to
remain the largest and it is also expected to witness the highest
growth in the forecast period supported by government spending in
electrical infrastructure and growth in housing demand in emerging
markets.
Asia Pacific is expected to remain
the largest market by value and is also expected to witness the
highest growth over the forecast period because of growth in
construction activities, increasing electric access, urbanization,
and rapid industrialization.
Some of the features of "Growth Opportunities in the Global
Electric Transmission and Distribution Equipment Market 2017-2022:
Trends, Forecast, and Opportunity Analysis" include:
- Market size estimates: Global electric transmission and
distribution equipment market size estimation in terms of value
($B) shipment.
- Trend and forecast analysis: Market trend (2011-2016) and
forecast (2017-2022) by segments and region.
- Segmentation analysis: Global electric transmission and
distribution equipment market size by various applications such as
product, voltage, and end use in terms of value and volume
shipment.
- Regional analysis: Global electric transmission and distribution
equipment market breakdown by key regions such as North America, Europe, and Asia & Rest of World.
- Growth opportunities: Analysis on growth opportunities in
different applications and regions of electric transmission and
distribution equipment market.
- Strategic analysis: This includes M&A, new product
development, and competitive landscape of electric transmission and
distribution equipment suppliers.
- Analysis of competitive intensity of the industry based on
Porter's Five Forces model.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth
opportunities for global electric transmission and distribution
equipment market by product (wire and cable switchgear,
transformer, meter, insulator, and capacitor), voltage type (low
voltage, medium voltage, and high voltage), end use (utilities,
industrial, residential, and commercial), and by region
(North America, Europe, Asia
Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting electric transmission and
distribution equipment market dynamics? What are the drivers and
challenges of the electric transmission and distribution equipment
market?
Q.5 What are the business risks and threats to the electric
transmission and distribution equipment market?
Q.6 What are emerging trends in electric transmission and
distribution equipment market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the electric transmission and
distribution equipment market? Which companies are leading these
developments?
Q.9 Who are the major players in electric transmission and
distribution equipment market? What strategic initiatives are being
implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in
this area and how big of a threat do they pose for loss of market
share via materials / product substitution
Q.11 What M & A activities have occurred by the major electric
transmission and distribution equipment suppliers for the last 5
years in electric transmission and distribution equipment
market?
Methodology
Lucintel has been in the business of market research and management
consulting since 2000 and has published over 600 market
intelligence reports in various markets / applications and served
over 1,000 clients worldwide. This study is a culmination of four
months of full-time effort performed by Lucintel's analyst
team.
The analysts used the following sources for the creation and
completion of this valuable report:
• In-depth interviews of the major players in this market
• Detailed secondary research from competitors' financial
statements and published data
• Extensive searches of published works, market, and database
information pertaining to industry news, company press releases,
and customer intentions
• A compilation of the experiences, judgments, and insights of
Lucintel's professionals, who have analyzed and tracked this market
over the years.
Extensive research and interviews are conducted in the supply chain
of this market to estimate market share, market size, trends,
drivers, challenges, and forecasts in the market. Some of the
manufacturers in global electric transmission and distribution
equipment market are ABB Ltd., BHEL, Crompton Greaves Ltd., General
Electric, Siemens AG, Mitsubishi Electric Corporation and others.
Some of the component manufacturers in this market are ABB Ltd.,
Legrand S.A., OMRON, Panasonic, Emerson Electric, Lapp Insulator
Co. and others.
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