Growth Opportunities in the Global Electric Transmission and Distribution Equipment Market
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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