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Transmission and Distribution (T&D) Equipment Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Jul 2022
  • Pages: 120
  • SKU: IRTNTR45672
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The transmission and distribution (T&D) equipment market share is expected to increase to USD 68.52 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.87%.

This T&D equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers transmission and distribution (T&D) equipment market segmentation by type (power cables, switchgear, and transformers) and geography (APAC, Europe, North America, Middle East and Africa, and South America). The transmission and distribution equipment market report also offers information on several market vendors, including ABB Ltd., Bharat Heavy Electricals Ltd., DAIHEN Corp., Eaton Corp. Plc, Furukawa Electric Co. Ltd., General Electric Co., Hitachi Ltd., Hubbell Inc., Hyundai Electric and Energy Systems Co. Ltd., Mitsubishi Corp., Nexans SA, Prysmian Spa, S and C Electric Co., Schneider Electric SE, Siemens AG, SPX Corp., TBEA Co. Ltd., Toshiba Corp., Wilson Power Solutions Ltd., and Wilson Transformer Company Pty Ltd. among others.

What will the Transmission and Distribution (T&D) Equipment Market Size be During the Forecast Period?

Transmission and Distribution (T&D) Equipment Market Size

Download the Free Report Sample to Unlock the Transmission and Distribution (T&D) Equipment Market Size for the Forecast Period and Other Important Statistics

 

Transmission and Distribution (T&D) Equipment Market: Key Drivers, Trends, and Challenges

The increased demand for power generation is notably driving the T&D equipment market growth, although factors such as the increase in distribution generation may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the transmission and distribution (T&D) equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Transmission and Distribution (T&D) Equipment Market Driver

One of the key factors driving the global transmission and distribution (T&D) equipment industry growth is the increased demand for power generation owing to the increasing population and rapid urbanization and industrialization. Urbanization increases the need for electrification, which requires expansion of the power distribution network through investment in new generation plants. In addition, the rise in urban population will lead to new manufacturing plants and expansion of existing plants. Further, power demand fulfillment is important for the socio-economic development of a country. According to WBG, the electrification rate increased from 71.55% in 1991 to 89% in 2019 and 90.5% in 2020. Such factors will drive the growth of the market focus during the forecast period.

Key Transmission and Distribution (T&D) Equipment Market Trend

Growing focus on energy efficiency is one of the key transmission and distribution equipment market trends that is expected to impact the industry positively in the forecast period. Power voltage is usually stepped up for long-distance transmission, which is then stepped down to usable voltage and distributed to commercial and residential end-users. Reducing losses by a percent for a power generation of 1GW will save 10 MW of power in T&D losses. This is a significant saving and can power 1,000 - 2,000 residential users. Moreover, upgrading to HVDC cables in the transmission lines will improve load-carrying capacity, which is 2-3 times the load-carrying capacity of conventional cables at low losses. Upgrading to superconducting transformers, FACTS, and HTS cables are considered a capable solution for reducing T&D losses and increasing energy efficiency. The need for enhanced energy efficiency and reduced T&D losses will drive infrastructural upgrades and the demand for T&D equipment over the forecast period.

Key Transmission and Distribution (T&D) Equipment Market Challenge

One of the key challenges to the global transmission and distribution (T&D) equipment industry growth is the increase in distributed generation. The energy production and consumption pattern are changing, albeit slowly, in developed nations such as the US and Europe, as institutions, businesses, and households are financing the setting up of decentralized power systems and have become an integral part of the developed nation's power system. End-users have become prosumers, that have, at their discretion, the ability to sell excess power at market prices. For instance, distribution generation in Europe has moved beyond the demonstration stage, and governments of several countries such as Germany, Belgium, Denmark, and the UK have implemented policies and feed-in tariffs favoring the technology. In Europe, the price of electricity has continuously increased, which has, in turn, added to household expenditure. Since the power is generated at the source, there are no technical losses, and congestions on the grid are reduced, which allows utilities to defer investments in T&D infrastructure. Such factors may hamper the growth of the market in the forecast years.

This transmission and distribution (T&D) equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global transmission and distribution (T&D) equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the transmission and distribution (T&D) equipment market during the forecast period.

Who are the Major Transmission and Distribution (T&D) Equipment Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Bharat Heavy Electricals Ltd.
  • DAIHEN Corp.
  • Eaton Corp. Plc
  • Furukawa Electric Co. Ltd.
  • General Electric Co.
  • Hitachi Ltd.
  • Hubbell Inc.
  • Hyundai Electric and Energy Systems Co. Ltd.
  • Mitsubishi Corp.
  • Nexans SA
  • Prysmian Spa
  • S and C Electric Co.
  • Schneider Electric SE
  • Siemens AG
  • SPX Corp.
  • TBEA Co. Ltd.
  • Toshiba Corp.
  • Wilson Power Solutions Ltd.
  • Wilson Transformer Company Pty Ltd.

 

This statistical study of the transmission and distribution (T&D) equipment market encompasses successful business strategies deployed by the key vendors. The transmission and distribution (T&D) equipment market is fragmented and the vendors are deploying growth strategies such as investment in research and development and business expansion to compete in the market.

Product Insights and News

  • Eaton Corp. Plc - The company offers transmission and distribution equipment such as circuit breakers, reclosers, voltage regulators, modular integrated transportable substations, and medium voltage switchgear. 
  • Eaton Corp. Plc - In January 2022, the company acquired Royal Power Solutions, a US-based manufacturer of high-precision electrical connectivity components. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The transmission and distribution (T&D) equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Transmission and Distribution (T&D) Equipment Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the transmission and distribution (T&D) equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for the Transmission and Distribution (T&D) Equipment Market?

Transmission and Distribution (T&D) Equipment Market Market segmentation by region

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59% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for transmission and distribution (T&D) equipment in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The tremendous investment made in capacity additions for both renewable and fossil fuel-fired power plants and greater access to electricity in the region, especially in countries such as China, India, Australia, and several emerging economies in Southeast Asia will facilitate the transmission and distribution (T&D) equipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the T&D equipment market in APAC faced major challenges due to the outbreak of COVID-19 in major economies such as China, India, Japan, and Taiwan. However, in H2 2021, due to the availability of vaccines, there was a reduction in COVID-19 cases in the region, which led to the lifting of COVID-19-related restrictions. In 2022, the regional market has emerged from the negative impacts of the pandemic. Thus, the market is expected to witness slow growth during the first half of the forecast period and will gradually recover once business processes return to normalcy.

What are the Revenue-generating Type Segments in the Transmission and Distribution (T&D) Equipment Market?

Transmission and Distribution (T&D) Equipment Market Segmentation

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The transmission and distribution (T&D) equipment market share growth in the power cables segment will be significant during the forecast period. Since urbanization results in increased industrialization, electricity plays a crucial role in the growth of a nation. The high number of grid expansion projects, grid interconnections projects between countries, and the significant addition of renewable power generation will drive the segment growth of the segment in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the transmission and distribution (T&D) equipment market size and actionable market insights on post COVID-19 impact on each segment.

 

Transmission and Distribution (T&D) Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.87%

Market growth 2022-2026

$ 68.52 billion

Market structure

Fragmented

YoY growth (%)

2.03

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 59%

Key consumer countries

US, China, India, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Bharat Heavy Electricals Ltd., DAIHEN Corp., Eaton Corp. Plc, Furukawa Electric Co. Ltd., General Electric Co., Hitachi Ltd., Hubbell Inc., Hyundai Electric and Energy Systems Co. Ltd., Mitsubishi Corp., Nexans SA, Prysmian Spa, S and C Electric Co., Schneider Electric SE, Siemens AG, SPX Corp., TBEA Co. Ltd., Toshiba Corp., Wilson Power Solutions Ltd., and Wilson Transformer Company Pty Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Transmission and Distribution (T&D) Equipment Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive transmission and distribution (T&D) equipment market growth during the next five years
  • Precise estimation of the transmission and distribution (T&D) equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the transmission and distribution (T&D) equipment industry across APAC, Europe, North America, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of transmission and distribution (T&D) equipment market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Power cables - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Power cables - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Power cables - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Power cables - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Power cables - Year-over-year growth 2021-2026 (%)
    • 5.4 Switchgears - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Switchgears - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Switchgears - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Switchgears - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Switchgears - Year-over-year growth 2021-2026 (%)
    • 5.5 Transformers - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Transformers - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 37: Data Table on Transformers - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Chart on Transformers - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Transformers - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Type
      • Exhibit 40: Market opportunity by Type ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 India - Market size and forecast 2021-2026
      • Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Eaton Corp. Plc
              • Exhibit 93: Eaton Corp. Plc - Overview
              • Exhibit 94: Eaton Corp. Plc - Business segments
              • Exhibit 95: Eaton Corp. Plc - Key news
              • Exhibit 96: Eaton Corp. Plc - Key offerings
              • Exhibit 97: Eaton Corp. Plc - Segment focus
            • 10.4 Furukawa Electric Co. Ltd.
              • Exhibit 98: Furukawa Electric Co. Ltd. - Overview
              • Exhibit 99: Furukawa Electric Co. Ltd. - Business segments
              • Exhibit 100: Furukawa Electric Co. Ltd. - Key offerings
              • Exhibit 101: Furukawa Electric Co. Ltd. - Segment focus
            • 10.5 General Electric Co.
              • Exhibit 102: General Electric Co. - Overview
              • Exhibit 103: General Electric Co. - Business segments
              • Exhibit 104: General Electric Co. - Key news
              • Exhibit 105: General Electric Co. - Key offerings
              • Exhibit 106: General Electric Co. - Segment focus
            • 10.6 Hitachi Ltd.
              • Exhibit 107: Hitachi Ltd. - Overview
              • Exhibit 108: Hitachi Ltd. - Business segments
              • Exhibit 109: Hitachi Ltd. - Key news
              • Exhibit 110: Hitachi Ltd. - Key offerings
              • Exhibit 111: Hitachi Ltd. - Segment focus
            • 10.7 Hyundai Electric and Energy Systems Co. Ltd.
              • Exhibit 112: Hyundai Electric and Energy Systems Co. Ltd. - Overview
              • Exhibit 113: Hyundai Electric and Energy Systems Co. Ltd. - Product / Service
              • Exhibit 114: Hyundai Electric and Energy Systems Co. Ltd. - Key offerings
            • 10.8 Mitsubishi Corp.
              • Exhibit 115: Mitsubishi Corp. - Overview
              • Exhibit 116: Mitsubishi Corp. - Business segments
              • Exhibit 117: Mitsubishi Corp. - Key news
              • Exhibit 118: Mitsubishi Corp. - Key offerings
              • Exhibit 119: Mitsubishi Corp. - Segment focus
            • 10.9 Nexans SA
              • Exhibit 120: Nexans SA - Overview
              • Exhibit 121: Nexans SA - Business segments
              • Exhibit 122: Nexans SA - Key offerings
              • Exhibit 123: Nexans SA - Segment focus
            • 10.10 Prysmian Spa
              • Exhibit 124: Prysmian Spa - Overview
              • Exhibit 125: Prysmian Spa - Business segments
              • Exhibit 126: Prysmian Spa - Key offerings
              • Exhibit 127: Prysmian Spa - Segment focus
            • 10.11 Siemens AG
              • Exhibit 128: Siemens AG - Overview
              • Exhibit 129: Siemens AG - Business segments
              • Exhibit 130: Siemens AG - Key news
              • Exhibit 131: Siemens AG - Key offerings
              • Exhibit 132: Siemens AG - Segment focus
            • 10.12 Toshiba Corp.
              • Exhibit 133: Toshiba Corp. - Overview
              • Exhibit 134: Toshiba Corp. - Business segments
              • Exhibit 135: Toshiba Corp. - Key news
              • Exhibit 136: Toshiba Corp. - Key offerings
              • Exhibit 137: Toshiba Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 138: Inclusions checklist
                • Exhibit 139: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 140: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 141: Research methodology
                • Exhibit 142: Validation techniques employed for market sizing
                • Exhibit 143: Information sources
              • 11.5 List of abbreviations
                • Exhibit 144: List of abbreviations
              • adoption of automation in manufacturing the process: The requirement of automation has evolved multifold in the industrial environment. The automation solutions have improved from the implementation of fixed automation to the current flexible and integrated automation, which enables end-users to integrate various processes into a single closed solution. The need to address optimization of processes, extend the level of autonomous processes, continuous monitoring and control of process parameters and safety concerns are driving the implementation of flexible automation solutions in the process and discrete industries.

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Transmission and Distribution (T&D) Equipment Market market growth will increase by $68.52 bn during 2022-2026.
              The transmission and distribution (t&d) equipment market market is expected to grow at a CAGR of 4.87% during 2022-2026.
              Technavio has segmented the transmission and distribution (t&d) equipment market market by type (power cables, switchgear, and transformers) ,geography (APAC, Europe, North America, Middle East and Africa, and South America) , and geographic (APAC, Europe, North America, MEA, and South America).
              ABB Ltd., Bharat Heavy Electricals Ltd., DAIHEN Corp., Eaton Corp. Plc, Furukawa Electric Co. Ltd., General Electric Co., Hitachi Ltd., Hubbell Inc., Hyundai Electric and Energy Systems Co. Ltd., Mitsubishi Corp., Nexans SA, Prysmian Spa, S and C Electric Co., Schneider Electric SE, Siemens AG, SPX Corp., TBEA Co. Ltd., Toshiba Corp., Wilson Power Solutions Ltd., Wilson Transformer Company Pty Ltd. are a few of the key vendors in the transmission and distribution (t&d) equipment market market.
              APAC will register the highest growth rate of 59% among the other regions. Therefore, the transmission and distribution (t&d) equipment market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the transmission and distribution (t&d) equipment market market growth are:
              • Increased demand for power generation
              • Growing focus on energy efficiency
              The transmission and distribution (t&d) equipment market market vendors should focus on grabbing business opportunities from the power cables segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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