NEW YORK , Sept. 5, 2022 /PRNewswire/ -- The transmission and distribution (T & D) equipment market size is set to grow by USD 68.52 billion from 2021 to 2026. The report projects the market to progress at a CAGR of 4.87%. In addition, the report offers a detailed analysis of the current market scenario, COVID-19 impact, the latest trends and drivers, and the overall market environment. Growing focus on energy efficiency is one of the key transmission and distribution equipment market trends that is expected to impact the industry positively in the forecast period. Power voltage is usually stepped up for long-distance transmission, which is then stepped down to usable voltage and distributed to commercial and residential end-users. Reducing losses by a percent for a power generation of 1GW will save 10 MW of power in T&D losses. This is a significant saving and can power 1,000 - 2,000 residential users. Moreover, upgrading to HVDC cables in the transmission lines will improve load-carrying capacity, which is 2-3 times the load-carrying capacity of conventional cables at low losses. Upgrading to superconducting transformers, FACTS, and HTS cables are considered capable solutions for reducing T&D losses and increasing energy efficiency. The need for enhanced energy efficiency and reduced T&D losses will drive infrastructural upgrades and the demand for T&D equipment over the forecast period. To know about other trends - Request a Free Sample Report
Transmission And Distribution (T&D) Equipment Market: Vendor Landscape
The transmission and distribution (T&D) equipment market is fragmented and the vendors are deploying growth strategies such as investment in research and development and business expansion to compete in the market.
The transmission and distribution equipment market report also offers information on several market vendors, including ABB Ltd., Bharat Heavy Electricals Ltd., DAIHEN Corp., Eaton Corp. Plc, Furukawa Electric Co. Ltd., General Electric Co., Hitachi Ltd., Hubbell Inc., Hyundai Electric and Energy Systems Co. Ltd., Mitsubishi Corp., Nexans SA, Prysmian Spa, S and C Electric Co., Schneider Electric SE, Siemens AG, SPX Corp., TBEA Co. Ltd., Toshiba Corp., Wilson Power Solutions Ltd., and Wilson Transformer Company Pty Ltd. among others.
The degree of competition within the global T&D equipment market varies according to the operating segments and product lines offered by market vendors. However, in general, the T&D equipment manufacturing industry is mature and cost-driven. Primary competitive factors for products vary across different product categories. However, the primary aspects influencing competition include price, quality, the range of products, inventory, delivery time, customer service, the environmental impact of the products, and the ability to meet customers' requirements.
To know more about the vendor landscape along with the major offerings - Click Now!
Transmission and Distribution (T&D) Equipment Market: Increased demand for power generation to drive growth
The growth of the global transmission and distribution (T&D) equipment industry is the increased demand for power generation owing to the increasing population and rapid urbanization and industrialization.
Urbanization increases the need for electrification, which requires expansion of the power distribution network through investment in new generation plants. In addition, the rise in urban population will lead to new manufacturing plants and expansion of existing plants.
Further, power demand fulfillment is essential for the socio-economic development of a country. According to WBG, the electrification rate increased from 71.55% in 1991 to 89% in 2019 and 90.5% in 2020. Such factors will drive the growth of the market focus during the forecast period.
To know about other drivers along with market challenges - Request a Free Sample Report
Transmission And Distribution (T&D) Equipment Market: Segmentation Analysis
This market research report segments the transmission and distribution (T&D) equipment market by Type (power cables, switchgear, and transformers) and Geography (APAC, Europe , North America , Middle East and Africa , and South America ).
Revenue Generating Segment- The transmission and distribution (T&D) equipment market share growth in the power cables segment will be significant during the forecast period. Since urbanization results in increased industrialization, electricity plays a crucial role in the development of a nation.
Regional Highlights - 59% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for transmission and distribution (T&D) equipment in APAC. Market growth in this region will be faster than the growth of the market in other regions.
To know about the market contribution of each segment - Request a free sample report
The competitive scenario provided in the Transmission And Distribution (T&D) Equipment Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Transmission And Distribution (T&D) Equipment Market Forecast Report - Buy Now!
The railway traction motor market share is expected to accelerate at a CAGR of 5% and reach USD 2.44 billion by 2026.
The optical transport network equipment market share is expected to increase by USD 25.12 billion from 2021 to 2026, at a CAGR of 16.89%.
Transmission And Distribution (T&D) Equipment Market Scope
Accelerate at a CAGR of 4.87%
APAC, Europe, North America, Middle East and Africa, and South America
US, China, India, UK, and Germany
Leading companies, competitive strategies, consumer engagement scope
ABB Ltd., Bharat Heavy Electricals Ltd., DAIHEN Corp., Eaton Corp. Plc, Furukawa Electric Co. Ltd., General Electric Co., Hitachi Ltd., Hubbell Inc., Hyundai Electric and Energy Systems Co. Ltd., Mitsubishi Corp., Nexans SA, Prysmian Spa, S and C Electric Co., Schneider Electric SE, Siemens AG, SPX Corp., TBEA Co. Ltd., Toshiba Corp., Wilson Power Solutions Ltd., and Wilson Transformer Company Pty Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Browse for Technavio "Industrials Market" Research Reports
3.4 Market outlook: Forecast for 2021-2026
5.3 Power cables - Market size and forecast 2021-2026
5.4 Switchgears - Market size and forecast 2021-2026
5.5 Transformers - Market size and forecast 2021-2026
7.3 APAC - Market size and forecast 2021-2026
7.4 Europe - Market size and forecast 2021-2026
7.5 North America - Market size and forecast 2021-2026
7.6 Middle East and Africa - Market size and forecast 2021-2026
7.7 South America - Market size and forecast 2021-2026
7.8 China - Market size and forecast 2021-2026
7.9 US - Market size and forecast 2021-2026
7.10 India - Market size and forecast 2021-2026
7.11 UK - Market size and forecast 2021-2026
7.12 Germany - Market size and forecast 2021-2026
8.3 Impact of drivers and challenges
10.7 Hyundai Electric and Energy Systems Co. Ltd.
11.3 Currency conversion rates for US$
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/transmission-and-distribution-td-equipment-market-to-record-2-03-y-o-y-growth-rate-in-2022--growing-focus-on-energy-efficiency-is-a-major-trend-fueling-the-market-growth---technavio-301617326.html
Long-time Real Money subscribers have come to learn I like to combine investment approaches. No one investment approach (fundamental, technical, quantitative) is perfect and better results can come from blending or combining different methods. The On-Balance-Volume (OBV) line has also moved sideways suggesting a balance between buyers and sellers.
AT&T CEO John Stankey has a message to rival T-Mobile: Cut the nonsense when advertising to seniors.
FedEx has blown three tires before the peak holiday shipping season, and chatter on the Street is that mighty Amazon may have played a role.
'He has gotten nowhere,' said West's lawyer about his attempts to work through partnership issues
As bad the news was for FedEx, it may be worse news for the U.S. economy --- and an early sign of a recession.
Nearly 100 Facebook janitors were laid off from the tech giant's California offices Friday, two months after being told their jobs would be safe.
Bristol Myers plans to cut up to 261 jobs in two different locations in San Diego, according to the filings. A Bristol Myers spokesperson said the job cuts follow the company's $4.1 billion acquisition of drug developer Turning Point Therapeutics, which closed in August. "All incoming employees received retention packages tied to continued service to BMS for a period of time and have been encouraged to apply to long-term roles at BMS after their retention period ends," the spokesperson said in an email.
Now-redundant, Ethereum miners are flocking to other proof-of-work (PoW) tokens after the network switched to the proof-of-stake (PoS) consensus mechanism.
Maersk , the Danish integrated transport and logistics company, is probably the world's largest shipping company and offers container vessels, supply ships, special vessels, terminals. In this daily bar chart of A.P. Moller-Maersk's Denmark-traded shares, below, we can see that prices broke down from a major top pattern earlier this month when prices broke below 16,000. The On-Balance-Volume (OBV) line has been in a sharp decline since March.
These highly profitable companies offer sustainable competitive advantages that make them no-brainer buys.
Recent developments suggest business trends are getting worse---not better, meaning there could be more downside ahead.
Nile Global CEO Pankaj Patel talks about why he and former Cisco colleague John Chambers think they have what networking customers want today.
More Americans are working into their golden years. Here's how Medicare, Social Security, taxes and other factors come into play.
(Bloomberg) -- The surge in prices of lithium, the key battery material used to power electric cars, is seemingly unstoppable.Most Read from BloombergGermany Tightens Control Over Industry With Russian Oil GrabAdobe Near Deal for Online Design Startup Figma, Sources SayPutin Acknowledges Xi’s ‘Concerns’ on Ukraine, Showing TensionRay Dalio Does the Math: Rates at 4.5% Would Sink Stocks by 20%Patagonia Billionaire Who Gave Up Company Skirts $700 Million Tax HitLithium carbonate hit a fresh record
Warren Buffett's Berkshire Hathaway bought a bunch of stocks during the second quarter. Notable names included Apple (NASDAQ: AAPL), Activision Blizzard (NASDAQ: ATVI), Occidental Petroleum (NYSE: OXY), and Chevron (NYSE: CVX). Buffett seems to be most bullish on Apple and Occidental Petroleum.
Warren Buffett is one of the best investors of all time. Since 1965, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), the masterfully crafted conglomerate he helped build, has returned over 20% annually, creating fortunes for its shareowners along the way. Berkshire's public stock portfolio is thus closely watched by investors seeking to build lasting wealth in the stock market.
Huntsman Corp is a manufacturer and marketer of chemical products for consumers and industrial customers - assorted polyurethanes, performance products, and adhesives. The trading volume has been active since February and the On-Balance-Volume (OBV) line has been in a downward trend since February telling us that sellers of this company have been more aggressive than buyers. The OBV line is stalled and beginning to weaken.
Berlin, racing to safeguard its energy supplies before its planned ban on Russian oil imports kicks in later this year, said it would place Rosneft’s German subsidiaries under trusteeship.
FedEx to close offices and cut flights on weak outlook, Southwest and Delta note uptick in business travel, Adobe buys Figma for $20 billion in its largest deal, and other news to start your day.
The White House is sending a signal to the crypto industry that it plans to get tough on exchanges, miners, and token issuers. The industry is already fighting back.