Transmission And Distribution (T&D) Equipment Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2020-2024
Technavio has been monitoring the transmission and distribution (t&d) equipment market and it is expected to grow by $ 44.17 bn, accelerating at a CAGR of almost 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Transmission And Distribution (T&D) Equipment Market: Key Trends to impact market growth
The Increasing cross-border grid interconnections is one of the key transmission and distribution (t&d) equipment market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Transmission And Distribution (T&D) Equipment Market: Top Drivers to Boost Demand
The Increased demand for power generation is one of the primary factors driving the growth of the transmission and distribution (t&d) equipment market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business
Vendor Analysis: Eaton Corporation Plc, Furukawa Electric Co. Ltd. and General Electric Co. are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Eaton Corporation Plc, Furukawa Electric Co. Ltd., General Electric Co., Hitachi Ltd., Hyundai Heavy Industries Co. Ltd., Mitsubishi Electric Corp., Nexans SA, Prysmian Spa, Siemens AG, and Toshiba Corp. are some of the major market participants.
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Transmission And Distribution (T&D) Equipment Market: Key Highlights of the Report for 2020-2024
The Global Transmission and Distribution (T&D) Equipment Market is expected to grow by USD 44.17 billion accelerating at a CAGR of over 3% during the forecast period. Techanvio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. Download our free sample report with COVID-19 analysis
Transmission And Distribution (T&D) Equipment Market: Segmentation by Type
During 2019, the power cables segment dominated the Global Transmission and Distribution (T&D) Equipment Market in 2019. The revenue of this segment is likely to increase due to the high number of grid expansion projects, grid interconnections projects between countries, and the significant addition of renewable power generation. The integration of renewable energy is driving the global T&D equipment market because conventional grids are not designed to deal with the intermittency of renewables. To remedy this challenge, new T&D lines and its related equipment needs to be installed.
The increasing demand for power generation will be one of the major factors that will have a positive impact on the growth of the market during the next few years. With the increasing population and rapid urbanization and industrialization, the demand for power will increase considerably in the coming years. This will drive the need for new manufacturing plants and the expansion of existing plants to meet the growing demand, which will subsequently drive the need for T&D equipment. This report provides an accurate prediction of the contribution of all the segments to the growth of the transmission and distribution equipment market size.
Transmission And Distribution (T&D) Equipment Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Eaton Corporation Plc, Furukawa Electric Co. Ltd., General Electric Co., Hitachi Ltd., Hyundai Heavy Industries Co. Ltd., Mitsubishi Electric Corp., Nexans SA, Prysmian Spa, Siemens AG, and Toshiba Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
