Electricity Transmission and Distribution Market Size, Share & Growth Analysis, Forecast Report [2030]

According to Fortune Business Insights, the global Electricity Transmission and Distribution market size is projected to grow from USD 317.89 Billion in 2022 to USD 429.43 Billion in 2030, at CAGR of 3.9% during forecast period.

Pune, India, Dec. 14, 2023 (GLOBE NEWSWIRE) — Electricity Transmission and Distribution Market Size:

The electricity transmission and distribution market size was valued at USD 317.89 billion in 2022 and is projected to reach a valuation of USD 329.47 billion in 2023. The market is expected to reach USD 429.43 billion by 2030 with a CAGR of 3.9% during the forecast period. Electricity transmission refers to the transportation of high-voltage electrical power from power generation plants to distribution substations using transmission lines and associated equipment such as capacitors and transformers. Increasing development in Asia Pacific and Africa where there is a high rate of urbanization and growth in population is expected to drive market growth. Fortune Business Insights™ shares this information in its report titled “Electricity Transmission and Distribution Market, 2023-2030.”

Electricity Transmission and Distribution Industry Development:

May 2022- An agreement between Tanzania and Uganda is signed for the development of 400 kV transmission line starting from Masaka, Uganda to Mwanza. It will pass through Mutukula, Kyaka, and Nyakanazi. Tanzania Electric Supply Company Limited (TANESCO) and Uganda Electricity Transmission Company Limited (UETCL) will collaborate in the planning, construction, and upkeep of the transmission line.

Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/sample/electricity-transmission-and-distribution-market-106366

Electricity Transmission and Distribution Market Drivers and Restraints:

Increasing Number of Investments in Renewable Sources of Energy to Propel the Product Demand

Increasing number of investments in the renewable sources of energy is anticipated to drive the electricity transmission and distribution market growth. There is rising investment in renewable energy infrastructure for sources such as solar and wind power. This has led to an increased investment in high-voltage transmission lines and other infrastructure that can house renewable energy sources’ variable and irregular nature.

However, with evolving market situations and technological developments, rules and regulations can be difficult to adapt to and adjust to leading to inadequacies and suboptimal investment decisions, which are expected to hamper the market growth.

COVID-19 Impact:

Outbreak Led to Reduction in Energy Demand, Leading to Closure of Industrial and Commercial Facilities

The COVID-19 pandemic reduced power demand, which was affected due to interruptions in global supply chains due to lack of equipment needed for transmission and distribution projects. Furthermore, the outbreak also led to a significant reduction in energy demand due to the closure of industrial and commercial facilities. This led to a decrease in the revenue of electricity transmission and distribution companies.  

Click here to get the short-term and long-term impact of COVID-19 on this market.

Please visit: https://www.fortunebusinessinsights.com/electricity-transmission-and-distribution-market-106366

Report Coverage:

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market’s key players.

Electricity Transmission and Distribution Market Segmentation:

Distribution Lines Led Owing to Increasing Number of Investments

On the basis of asset type, the market is divided into transmission line and distribution line. The distribution line segment dominated the market share with investments required to enhance the efficiency of the electricity grid and reduce energy losses.

Electric Utilities held the Dominant Share due to Investments in Transmission and Distribution Infrastructure

On the basis of end-user, the market is divided into electric utility, industrial, and renewables. The electric utility segment garnered the highest market share as the electric utility companies invest more in transmission and distribution infrastructure than other end-user companies as they have a regulatory duty.

Based on geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Electricity Transmission and Distribution Market Regional Insights:

Asia Pacific had the Fastest CAGR Due to Increasing Number of Investments and Huge Population

Asia Pacific had the fastest CAGR in the electricity transmission and distribution market share with increasing number of investments and large set of population. The market is the dominating region in the global market due to rapid industrialization, urbanization, and increasing demand for electricity.

The Latin America market is characterized by rising demand for electricity, need for infrastructure development, and rising interest in renewable energy sources. Many countries in the region are developing their transmission and distribution systems to serve the rising electricity demand and consolidating renewable energy sources into their grids.

Quick Buy – Electricity Transmission and Distribution Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/106366

Electricity Transmission and Distribution Market Competitive Landscape:

Increasing Number of Investments by the Governments and Collaboration among Key Market Players to Develop Market

Increasing number of investments by the governments and collaboration among key electricity transmission and distribution players are expected to drive market growth. In November 2022, with the claim to be the biggest direct federal investment in the important transmission and distribution infrastructure, the U.S. Department of Energy (DOE) disclosed USD 13 billion of funding for improving and expanding the electric grid in the U.S. The funding will be provided under President Joe Biden’s Bipartisan Infrastructure Law, the Grid Resilience Innovative Partnership (GRIP) Program, and the Transmission Facilitation Program.

Major Electricity Transmission and Distribution Companies Analyzed In Report:

• Duke Energy Corporation (U.S.)
• National Grid plc (U.K.)
• Enel SpA (Italy)
• E.ON SE (Germany)
• NextEra Energy, Inc. (U.S.)
• Dominion Energy, Inc. (U.S.)
• Tokyo Electric Power Company Holdings (Japan)
• American Electric Power Company, Inc. (U.S.)
• Power Grid Corporation of India (India)
• State Grid Corporation of China (China)

Electricity Transmission and Distribution Market Segmentation:

By Asset Type:

• Transmission Line
• Distribution Line

By End-user:

• Electric Utility
• Industrial
• Renewables

Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/electricity-transmission-and-distribution-market-106366

Table of Content:

1.       Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions & Assumptions

2.       Executive Summary

3.       Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

4.       Key Insights

4.1. Key Emerging Trends – For Major Countries

4.2. Latest Technological Advancement

4.3. Insight on Regulatory Landscape

4.4. Porters Five Forces Analysis

4.5. Impact of COVID-19 on the Electricity Transmission and Distribution Market

4.6. Electricity Transmission and Distribution Installers/ Electricity Transmission and Distribution Equipment Providers

5.       Global Electricity Transmission and Distribution Market (USD Billion) Analysis, Insights, and Forecast, 2019-2030

5.1. Key Findings

5.2. Market Analysis, Insights and Forecast – By Asset Type

5.2.1. Transmission Line

5.2.2. Distribution Line

5.3. Market Analysis, Insights and Forecast – By End-User

5.3.1. Electric Utility

5.3.1.1.Public Utility

5.3.1.2.Private Utility

5.3.2. Industrial

5.3.3. Renewables

5.4. Market Analysis, Insights and Forecast – By Region

5.4.1. North America

5.4.2. Europe

5.4.3. Asia Pacific

5.4.4. Latin America

5.4.5. Middle East & Africa

Continued…

Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/electricity-transmission-and-distribution-market-106366

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Electricity Transmission and Distribution Market