Charting the Path of Power: Projections Place Global Electricity Transmission Infrastructure Market at US$ 58.8 Billion by 2032. Addressing the mounting concerns around electricity supply, leveraging innovative transmission technologies, and maximizing large-scale generating units are pivotal drivers steering the market’s trajectory.
FMI’s analysis showcases the Global Electricity Transmission Infrastructure Market at an estimated worth of US$ 39.9 Billion in 2022, foreseeing a robust Compound Annual Growth Rate (CAGR) of 4.40% during the anticipated period spanning 2022 to 2032.
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Electricity Transmission Infrastructure Market: Drivers & Restraints
To add new capacity and better monitoring facilities, new transmission lines are being built and existing systems are retrofitted. Forces such as need for electricity and significant capital investments is considered as one of the biggest driver for the increasing demand of the electricity transmission infrastructure market. Investment in smart grid is accounting for a major share of the overall market. Also the increasing regulatory standards has strongly contributed to the demand of the global electricity transmission infrastructure market. However, loss of electrical energy in long distance transmission (cannot be stored) are the major restraint in the global electricity transmission infrastructure market.
Key Companies Profiled
- ABB Limited
- Alstom SA
- Mitsubishi Electric
- Eaton
- General Electric Company
- Hitachi Limited
- Siemens AG
- Toshiba Corporation
- OSRAM Licht AG
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Key Segments Profiled In The Global Electricity Transmission Infrastructure Market Report
By Product Type, Electricity Transmission Infrastructure Market is segmented as:
- Switchgear and Switchboard Apparatus
- Transformers include power and distribution transformers
- Others
By Transmission Line Type, Electricity Transmission Infrastructure Market is segmented as:
- Overhead power transmission
- Underground power transmission
By Technology, Electricity Transmission Infrastructure Market is segmented as:
- High-voltage direct current (HVDC)
- Smart Grid
- Others (new transformer core shapes, amorphous core transformers, among others)
By Application, Electricity Transmission Infrastructure Market is segmented as:
- Industrial
- Commercial
- Residential
- Transportation
- Others
By Region, Electricity Transmission Infrastructure Market is segmented as:
- North America
- Latin America
- Europe
- South Asia Pacific
- East Asia
- Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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