Power T&D Equipment Market Analysis:
The global Power T&D Equipment Market size will grow at a favorable 7.4% CAGR by 2030, states the new Market Research Future (MRFR) report.
Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.
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Global Power T&D Equipment Market – Segmentation
The report is segmented into types, applications, and regions. The type segment is sub-segmented into transformers, switchgears, circuit breakers, inductor & capacitors, meters, fuses & equipment, and others. The application segment is sub-segmented into utilities, commercial, residential, industrial, and others. By regions, the market is sub-segmented into North America, Europe, APAC, and the rest of the world.
Power T&D Equipment Market – Geographical Analysis
North America leads the global power T&D equipment market. The region perceives many old transmission and distribution infrastructures, creating a need for installing power T&D equipment. Besides, the largest market share attributes to the increase in the share of renewable energy sources and the growing need for T&D networks upgrades in the region.
The region is also witnessing high investments in increasing energy efficiency and third-party energy efficiency programs and decreasing technology prices. Moreover, technological advancements and increased adoption of automation across end-use industries boost the market size.
Power T&D Equipment Market – Competitive Analysis
Highly competitive, the power T&D equipment market appears fragmented due to the presence of several well-established players. Major players adopt strategic approaches such as mergers & acquisitions, collaborations, and product/technology development to gain a larger competitive share. Substantial investments are transpired to develop products and expand global footprints.
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Major Players:
Players leading in the market are Schneider Electric (France), Hitachi ABB Power Grids (Switzerland), Siemens (Germany), Mitsubishi Electric Corporation (Japan), Eaton Corporation (Ireland), Hammond Power Solutions (Canada), General Electric (US), Toshiba Corporation (Japan), TE Connectivity (Switzerland), Fuji Electric Co. Ltd (Japan), Powell Industries Inc. (US), Bharat Heavy Electricals Limited (BHEL) (India), Basler Electric Company (US), Chint Group (China), CG Power and Industrial Solutions Limited (India), S&C Electric (US), G&W Electric (US), Itron (US), and Landis+GYR (Switzerland), among others.
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