Description
Power T&D Equipment Market Research Report Forecast till 2027
Market Overview
The global power T&D equipment market is expected to register a notable CAGR of 6.85% by the end of 2028. Power T&D devices are used to control and regulate the T&D structures. These can contribute to optimal power generation and support emanations reductions in a few monetary sectors, including residential and business. The major components of the T&D industry are circuit breakers, transformers, wires, and switchgear.
The developing population, rapid industrialization, and urbanization, and expanding infrastructure development are a couple of factors that are expected to build the worldwide electricity demand. According to the United Nations, the worldwide population is expected to arrive at approximately 8.5 billion and 9.7 billion by 2030 and 2050.
The growth in the world’s population results in increased electricity demand and consumption. Thus, it can be interpreted that with the expanding demand for electricity, the need for T&D infrastructure is likewise expected to increment. However, the high initial cost is set to restrain the growth of the global market.
Segment Overview
Based on type, the global power T&D equipment market has been segmented into transformers, switchgear, circuit breaker, inductors & capacitors, meters, fuses & equipment, and others.
Based on application, the global market has been classified into Utilities, Commercial, Residential, Industrial, and others.
Regional Analysis
Geographically, the global power T&D Equipment market has been classified into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is one of the prominent regional markets for power T&D equipment, inferable from an expansion in the portion of sustainable power sources and a developing need for upgrading the T&D networks in the region. The region is encountering high investment in energy proficiency due to decreasing technology costs and third-party energy effectiveness programs.
The Europe Power T&D gear market is relied upon to observe critical development during the figure time frame because of the market’s expansion through a rising in modern development, developing foundation, which prompts interest in keen networks, rising creation of power, and creating interest for proficient power energy.
Asia-Pacific is set to lead the market has a 40.5% piece of the overall power T&D gear market. Centre East nations are right now focusing on extending their power-producing limit through interests in reasonable power resources. The South American locale incorporates potential power transmission nations like Brazil, Argentina, Chile, Mexico, and Peru. The power area in Brazil is the biggest in South America.
Major Players
The key players operating in the global market are Hitachi ABB Power Grids (Switzerland), Hammond Power Solutions (Canada), Toshiba Corporation (Japan), General Electric (US), TE Connectivity (Switzerland), Powell Industries Inc. (US), Fuji Electric Co. Ltd (Japan), Bharat Heavy Electricals Limited (BHEL) (India), Chint Group (China), Schneider Electric (France), Siemens (Germany), Eaton Corporation (Ireland), Mitsubishi Electric Corporation (Japan), Basler Electric Company (US), CG Power and Industrial Solutions Limited (India), G&W Electric (US), S&C Electric (US), Itron (US), Landis+GYR (Switzerland).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market.
Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Related Reports: Global and China’s Wind Power Industry Research Report 2016-2030
Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 14
1.1 MARKET ATTRACTIVENESS ANALYSIS 16
1.1.1 GLOBAL POWER T&D EQUIPMENT MARKET, BY TYPE 17
1.1.2 GLOBAL POWER T&D EQUIPMENT MARKET, BY APPLICATION 18
1.1.3 GLOBAL POWER T&D EQUIPMENT MARKET, BY REGION 19
2 MARKET INTRODUCTION 20
2.1 DEFINITIONS 20
2.2 SCOPE OF THE STUDY 20
2.3 RESEARCH OBJECTIVE 20
2.4 MARKET STRUCTURE 21
2.5 KEY BUYING CRITERIA 21
3 RESEARCH METHODOLOGY 22
3.1 RESEARCH PROCESS 22
3.2 PRIMARY RESEARCH 23
3.3 SECONDARY RESEARCH 24
3.4 MARKET SIZE ESTIMATION 25
3.5 FORECAST MODEL 26
3.6 LIST OF ASSUMPTIONS 26
4 MARKET INSIGHTS 27
5 MARKET DYNAMICS 30
5.1 INTRODUCTION 30
5.2 DRIVERS 31
5.2.1 RISING DEMAND FOR ELECTRICITY 31
5.2.2 GROWING INVESTMENTS IN T&D INFRASTRUCTURE 31
5.3 RESTRAINT 32
5.3.1 HIGH INITIAL COST 32
5.4 OPPORTUNITY 32
5.4.1 AGING T&D INFRASTRUCTURE IN DEVELOPING COUNTRIES 32
5.5 IMPACT ANALYSIS OF COVID-19 33
5.5.1 IMPACT ON THE OVERALL ENERGY & POWER INDUSTRY 33
5.5.2 ECONOMIC IMPACT 33
5.5.3 IMPACT ON POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENT MARKET 33
5.5.4 IMPACT ON SUPPLY CHAIN OF POWER T&D EQUIPMENT 33
5.5.4.1 PRICE VARIATION OF KEY RAW MATERIALS 33
5.5.4.2 PRODUCTION SHUTDOWN 34
5.5.4.3 CASH FLOW CONSTRAINTS 34
5.5.4.4 IMPACT ON IMPORT/EXPORT 34
5.5.5 IMPACT ON MARKET DEMAND OF POWER T&D EQUIPMENT 34
5.5.5.1 IMPACT DUE TO LOCKDOWN 34
5.5.5.2 CONSUMER SENTIMENTS 34
5.5.5.3 IMPACT ON PRICING OF POWER T&D EQUIPMENT 34
6 MARKET FACTOR ANALYSIS 35
6.1 SUPPLY CHAIN ANALYSIS 35
6.1.1 RAW MATERIAL & COMPONENT SUPPLY 35
6.1.2 MANUFACTURE & ASSEMBLY 36
6.1.3 END USER 36
6.2 PORTER’S FIVE FORCES MODEL 36
6.2.1 THREAT OF NEW ENTRANTS 37
6.2.2 BARGAINING POWER OF SUPPLIERS 37
6.2.3 THREAT OF SUBSTITUTES 37
6.2.4 BARGAINING POWER OF BUYERS 37
6.2.5 INTENSITY OF RIVALRY 37
7 GLOBAL POWER T&D EQUIPMENT MARKET, BY TYPE 38
7.1 OVERVIEW 38
7.2 TRANSFORMER 40
7.3 SWITCHGEAR 40
7.4 CIRCUIT BREAKER 40
7.5 INDUCTOR & CAPACITORS 40
7.6 METERS 41
7.7 FUSES & EQUIPMENT 41
8 GLOBAL POWER T&DEQUIPMENT MARKET, BY APPLICATION 42
8.1 OVERVIEW 42
8.2 UTILITY 43
8.3 COMMERCIAL 43
8.4 RESIDENTIAL 44
8.5 INDUSTRIAL 44
8.6 OTHERS 44
9 GLOBAL POWER T&D EQUIPMENT MARKET, BY REGION 45
9.1 OVERVIEW 45
9.2 NORTH AMERICA 47
9.2.1 US 48
9.2.2 CANADA 49
9.2.3 MEXICO 50
9.3 EUROPE 52
9.3.1 GERMANY 53
9.3.2 UK 54
9.3.3 FRANCE 56
9.3.4 ITALY 57
9.3.5 REST OF EUROPE 58
9.4 ASIA-PACIFIC 60
9.4.1 CHINA 62
9.4.2 JAPAN 63
9.4.3 INDIA 64
9.4.4 SOUTH KOREA 66
9.4.5 REST OF ASIA-PACIFIC 67
9.5 MIDDLE EAST & AFRICA 69
9.5.1 SAUDI ARABIA 71
9.5.2 UAE 72
9.5.3 SOUTH AFRICA 73
9.5.4 REST OF MIDDLE EAST & AFRICA 74
9.6 SOUTH AMERICA 76
9.6.1 BRAZIL 77
9.6.2 ARGENTINA 79
9.6.3 REST OF SOUTH AMERICA 80
10 COMPETITIVE LANDSCAPE 82
10.1 COMPETITIVE OVERVIEW 82
10.2 COMPETITIVE BENCHMARKING 83
10.3 MARKET SHARE ANALYSIS 84
11 COMPANY PROFILES 85
11.1 HITACHI ABB POWER GRIDS. 85
11.1.1 COMPANY OVERVIEW 85
11.1.2 FINANCIAL OVERVIEW 86
11.1.3 PRODUCTS OFFERED 87
11.1.4 KEY DEVELOPMENTS 87
11.1.5 SWOT ANALYSIS 88
11.1.6 KEY STRATEGIES 89
11.2 SCHNEIDER ELECTRIC 90
11.2.1 COMPANY OVERVIEW 90
11.2.2 FINANCIAL OVERVIEW 91
11.2.3 PRODUCTS OFFERED 92
11.2.4 KEY DEVELOPMENTS 93
11.2.5 SWOT ANALYSIS 93
11.2.6 KEY STRATEGIES 93
11.3 SIEMENS 94
11.3.1 COMPANY OVERVIEW 94
11.3.2 FINANCIAL OVERVIEW 95
11.3.3 PRODUCTS OFFERED 95
11.3.4 KEY DEVELOPMENTS 96
11.3.5 SWOT ANALYSIS 97
11.3.6 KEY STRATEGIES 97
11.4 EATON CORPORATION 98
11.4.1 COMPANY OVERVIEW 98
11.4.2 FINANCIAL OVERVIEW 99
11.4.3 PRODUCTS OFFERED 99
11.4.4 KEY DEVELOPMENTS 100
11.4.5 SWOT ANALYSIS 101
11.4.6 KEY STRATEGIES 101
11.5 MITSUBISHI ELECTRIC CORPORATION 102
11.5.1 COMPANY OVERVIEW 102
11.5.2 FINANCIAL OVERVIEW 103
11.5.3 PRODUCTS OFFERED 103
11.5.4 KEY DEVELOPMENTS 104
11.5.5 SWOT ANALYSIS 104
11.5.6 KEY STRATEGIES 105
11.6 HAMMOND POWER SOLUTIONS 106
11.6.1 COMPANY OVERVIEW 106
11.6.2 FINANCIAL OVERVIEW 107
11.6.3 PRODUCTS OFFERED 108
11.6.4 KEY DEVELOPMENTS 108
11.6.5 KEY STRATEGIES 108
11.7 TOSHIBA CORPORATION 109
11.7.1 COMPANY OVERVIEW 109
11.7.2 FINANCIAL OVERVIEW 110
11.7.3 PRODUCTS/SERVICES OFFERED 111
11.7.4 KEY DEVELOPMENTS 112
11.7.5 SWOT ANALYSIS 112
11.7.6 KEY STRATEGIES 112
11.8 GENERAL ELECTRIC 113
11.8.1 COMPANY OVERVIEW 113
11.8.2 FINANCIAL OVERVIEW 114
11.8.3 PRODUCTS/SERVICES OFFERED 115
11.8.4 KEY DEVELOPMENTS 116
11.8.5 SWOT ANALYSIS 116
11.8.6 KEY STRATEGIES 116
11.9 TE CONNECTIVITY 117
11.9.1 COMPANY OVERVIEW 117
11.9.2 FINANCIAL OVERVIEW 118
11.9.3 PRODUCTS/SERVICES OFFERED 118
11.9.4 KEY DEVELOPMENTS 119
11.9.5 KEY STRATEGIES 119
11.10 POWELL INDUSTRIES INC. 120
11.10.1 COMPANY OVERVIEW 120
11.10.2 FINANCIAL OVERVIEW 120
11.10.3 PRODUCTS/SERVICES OFFERED 121
11.10.4 KEY DEVELOPMENTS 121
11.10.5 KEY STRATEGIES 122
11.11 FUJI ELECTRIC CO. LTD 123
11.11.1 COMPANY OVERVIEW 123
11.11.2 FINANCIAL OVERVIEW 124
11.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 125
11.11.4 KEY DEVELOPMENTS 126
11.12 BHARAT HEAVY ELECTRICALS LIMITED (BHEL) 127
11.12.1 COMPANY OVERVIEW 127
11.12.2 FINANCIAL OVERVIEW 127
11.12.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 128
11.12.4 KEY DEVELOPMENTS 130
11.13 CHINT GROUP 131
11.13.1 COMPANY OVERVIEW 131
11.13.2 FINANCIAL OVERVIEW 131
11.13.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 132
11.13.4 KEY DEVELOPMENTS 133
11.14 BASLER ELECTRIC COMPANY 134
11.14.1 COMPANY OVERVIEW 134
11.14.2 FINANCIAL OVERVIEW 134
11.14.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 134
11.14.4 KEY DEVELOPMENTS 135
11.15 CG POWER AND INDUSTRIAL SOLUTIONS LIMITED 136
11.15.1 COMPANY OVERVIEW 136
11.15.2 FINANCIAL OVERVIEW 136
11.15.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 137
11.15.4 KEY DEVELOPMENTS 137
11.16 G&W ELECTRIC 138
11.16.1 COMPANY OVERVIEW 138
11.16.2 FINANCIAL OVERVIEW 138
11.16.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 138
11.16.4 KEY DEVELOPMENTS 138
11.17 S&C ELECTRIC 139
11.17.1 COMPANY OVERVIEW 139
11.17.2 FINANCIAL OVERVIEW 139
11.17.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 139
11.17.4 KEY DEVELOPMENTS 141
11.18 ITRON 142
11.18.1 COMPANY OVERVIEW 142
11.18.2 FINANCIAL OVERVIEW 142
11.18.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 143
11.18.4 KEY DEVELOPMENTS 143
11.19 LANDIS+GYR 144
11.19.1 COMPANY OVERVIEW 144
11.19.2 FINANCIAL OVERVIEW 144
11.19.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 145
11.19.4 KEY DEVELOPMENTS 147
