Global Electric Transmission and Distribution Equipment Market Overview:
Electric power transmission is providing group transfer of electrical energy from generating power plants to electrical substations. Electricity is transported over extended distances at high voltages, which minimizes the loss of electricity. Electric power distribution covers the local wiring between high-voltage substations and customers. In today’s market situation the operators are highly focusing on low voltage power distributions. Some of the players profiled in the study are ABB (Switzerland), Bharat Heavy Electricals (India), Crompton Greves (India), Siemens (Germany), Alstom (France), Schneider Electric (France), General Electric (United States), Havells (India), EMCO (India) and TBEA (India).
On the basis of geography, the market of Electric Transmission and Distribution Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product, the sub-segment i.e. Communication Networks will boost the Electric Transmission and Distribution Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Type Of Transmission, the sub-segment i.e. Overhead Transmission will boost the Electric Transmission and Distribution Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Development in the Energy Sector
- Increasing Number of New Market Entrants
- Huge Development in Technological Advancement
- Rise in Investment in Research & Development
- The Slowdown in Economy Because of Coronavirus Pandemic
- Huge Demand in the United States Region, Because of the Development in Electric Power Generation, this Provides Huge Opportunities in Switchgear and Transformers
- High Demand from Residential Areas
- High Cost Associated with Electric Transmission and Distribution Equipment
Key Market Developments:
In Jan 2020, Siemens announced the acquisition of C&S Electric in India, to cater to the growing requirement for low voltage power distribution in India. As with the rapid growth in the energy sector in India, there are numerous opportunities are generating in the market. Through this strategic initiative, the company is aiming to gain major market share in India.
There are various companies that are operating the market are expanding their footprint in new geographical regions by various market growth strategies mergers & acquisitions, expansions, investments, and others. There are various players are exploring new market opportunities expansions and acquisitions across the globe to avail a competitive advantage through combined synergies.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Electric Transmission and Distribution Equipment Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Electric Transmission and Distribution Equipment market on the basis of product [Low Voltage, Medium Voltage and High Voltage] , application [Utilities, Industrial, Residential and Commercial], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Electric Transmission and Distribution Equipment market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Electric Transmission and Distribution Equipment industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Osram AG (Germany), Eaton Corporation (Ireland) and Kirloskar Ltd. (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Electric Transmission and Distribution Equipment market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.