Transmission & Distribution (T&D) system comprises high-voltage transmission lines, towers, substations, conductors, associated equipment, distribution substation (distribution feeder, conductors, cables, arresters, regulators, ....see more
The relay market is projected to reach USD 15.20 billion by 2030 at the CAGR of 7.0% during the forecast period. Some of the major players in the relay market are Panasonic Holdings Corporation (Japan), HONGFA (China), TE Connectivity (Switzerland), OMRON Corporation (Japan), and GE Vernova Inc. (US) among others. The major strategies adopted by these players include new product launches, acquisitions, joint ventures, and expansions.
The global busbar market size is projected to reach USD 19.70 billion by 2029 at a CAGR of 5.5% over the forecast period. Some of the major players across the globe in this busbar market are ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Eaton (Ireland), and Mersen (France). These companies have aggressively embraced various strategies to enhance their presence and respond to the increasing demand for efficient power distribution systems. Key strategic steps include the development of new products for advanced busbar technology, a strategic acquisition that broadens the present product offerings, and partnerships that expand their reach into newer markets.
The power factor correction market is expected to grow from an estimated USD 3.3 billion by 2030 from an estimated USD 2.4 billion in 2024, at a CAGR of 5.5% during the forecast period. Some of the major players in the power factor correction market are GE Vernova (US), ABB (Switzerland), Hitachi Energy Ltd (Switzerland), Schneider Electric (France), and Eaton (Ireland) among others. The major strategies adopted by these players include new product launches, acquisitions, contracts, agreements, partnerships, joint ventures, collaborations, investments, and expansions.
The global offsite data center power infrastructure market is projected to reach USD 35.4 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 17.6% during the forecast period. Key players in the offsite data center power infrastructure market include ABB (Switzerland), Schneider Electric (France), Eaton (Ireland), Vertiv (US), Huawei Digital Power Technologies Co., Ltd. (China), Comfort Systems USA (UK), Johnson Controls (US), Yondr (Netherlands), Hubbell (US), Modubuild (Ireland), Altron A.S. (Czech Republic), InnovIT AG (Germany), Delta Electronics, Inc. (Norway), and Rittal (Germany).
The smart grid market is projected to reach USD 161.1 billion by 2029, at a CAGR of 16.9% during the forecast period. Some of the major players in the smart grid market are General Electric Company (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Wipro (India),Globema (Poland), Trilliant Holdings (US), Kamstrup (Denmark), Tech Mahindra (India), Oracle (US), Cisco (US), Eaton (Ireland), ENEL X (Italy), Grid4C (US), Mitsubishi Electric (Japan), and Itron (US) among others. The major strategies adopted by these players include new product launches, acquisitions, contracts, agreements, partnerships, joint ventures, collaborations, investments, and expansions.
The global ring main unit market is projected to reach USD 3.4 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.7% during the forecast period. ABB Ltd. (Switzerland), Siemens (Germany), Eaton (Ireland), Schneider Electric (France), and LS Electric Co., Ltd. (South Korea), Lucy Electric (UK), CG power & industrial solutions (India), Tiepco (Saudi Arabia), Orecco (China), Entec Electric & Electronics (South Korea) are major competitors in the global ring main unit market.
The High voltage power transformer market is projected to reach USD 12.3 million by 2029, at a compound annual growth rate (CAGR) of 6.3% during the forecast period. Key players in the global High voltage power transformer market include Hitachi Energy (Japan), Siemens Energy (Germany), Schneider Electric (France), Toshiba Energy System & Solution Corporation (Japan), and General Electric (US).
The global distribution automation market is projected to reach USD 36.5 billion by 2029, growing at a CAGR of 13.6% for the forecast period. Some of the major players in the distribution automation market are ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland), and General Electric Company (US). Other major players include S&C Electric Company (US), Toshiba (Japan), Landis+Gyr (Switzerland), Itron Inc (US), Hubbell (US), Xylem (US), Schweitzer Engineering Laboratories, Inc. (US) and G&W Electric (US). The major strategies adopted by these players include new product launches, contracts, agreements, partnerships, and expansions
The power transformer market is projected to reach USD 37.7 billion by 2029, at a compound annual growth rate (CAGR) of 6.2% during the forecast period. Key players in the global Power Transformer market include Hitachi Energy (Japan), Siemens Energy (Germany), Schneider Electric (France), Toshiba Energy System & Solution Corporation (Japan), and General Electric (US).
The air insulated switchgear market is projected to reach USD 85.9 billion by 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period. Key players in the global AIS market include ABB (Switzerland), General Electric (US), Siemens (Germany), Schneider Electric (France), and Eaton (Ireland).
The global distribution transformer market is projected to reach USD 24.9 billion by 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period. Key players in the global distribution transformer market include Hitachi Energy Ltd. (Switzerland), Eaton Corporation (Ireland), Schneider Electric (France), Siemens Energy (Germany), Toshiba Energy Systems & Solutions Corporation (Japan), Mitsubishi Electric Corporation (Japan), Hyosung Heavy Industries Co., Ltd. (South Korea), CG Power and Industrial Solution Ltd. (India), and Hammond Power Solutions (Canada).
The Americas Cables market size is projected to reach USD 10.9 billion by 2029 from an estimated USD 8.7 billion in 2024, at a CAGR of 4.5% during the forecast period. Some of the major players in the Americas Cables market are Prysmian Group (Italy), Southwire Company, LLC (US), Nexans (France), LS Cable & System Ltd (South Korea) and NKT a/s (Denmark). The major strategies adopted by these players include sales contracts and agreements.
The global recloser market size is projected to reach USD 1.5 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period. Schneider Electric (France), Eaton (Ireland), Siemens (Germany), NOJA Power Switchgear Pty Ltd (Australia), ABB (Switzerland), General Electric (US), Hubbell (US), S&C Electric company (US), Tavrida Electric (US), ENTEC Electric & Electronic (South Korea), G&W Electric (US), and Arteche Group (Spain)
The instrument transformers market size is projected to reach USD 10.6 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period. Key players in the global instrument transformers market include ABB (Switzerland), General Electric (US), Siemens (Germany), Schneider Electric (France), and Mitsubishi Electric (Japan).
The power SCADA market is projected to reach USD 2.9 billion by 2028, a notable compound annual growth rate (CAGR) of 7.1% during the forecast period. Key players in the global power SCADA market include ABB (Switzerland), Rockwell Automation (US), Siemens (Germany), Schneider Electric (France), and Emerson (US).
The global virtual power plant (VPP) market is projected to reach USD 5.5 billion by 2029, at a CAGR of 23.4% during the forecast period. Some of the major players in the virtual power plant market are Siemens (Germany), Schneider Electric (France), General Electric (US), Shell (UK), Tesla (US). The major strategies adopted by these players include sales contract, product launches, investments, collaborations, partnerships, and expansions.
The oil immersed power transformer market is projected to reach USD 28.3 billion by 2028, at a compound annual growth rate (CAGR) of 6.0% over the course of the forecast period. Key players in the global oil immersed power transformer market include ABB (Switzerland), General Electric (US), Siemens (Germany), Schneider Electric (France), and Eaton (Ireland).
The laminated busbar market is projected to reach USD 1,296 million by 2030, reflecting a compound annual growth rate (CAGR) of 6.0% throughout the forecast period. Key players in the global laminated busbar market include Amphenol Corporation (US), Methode Electronics, Inc. (US), Mersen Group (France), Rogers Corporation (US), Zhuzhou CRRC Times Electric Co., Ltd. (China), and Sun.King Technology Group Limited (China).
The global switchgear monitoring system market is projected to reach USD 2.7 billion by 2028; it is expected to record a CAGR of 8.4% during the forecast period. Some of the major players in the Switchgear Monitoring System market are ABB (Switzerland), Siemens Energy (Germany), Schneider Electric (France), General Electric (US), and Eaton (Ireland). The major strategies adopted by these players include sales contracts, product launches, investments, collaborations, partnerships, and expansions.
The Transformer Monitoring market is projected to reach USD 3.7 billion by 2028, at a CAGR of 9.1% during the forecast period. Some of the major players in the transformer monitoring market are GE (US), ABB (Switzerland), Siemens Energy AG (Germany), Schneider Electric (France), and Eaton (Ireland). The major strategies adopted by these players include sales contracts and agreements.
The switchgear market is projected reach to USD 119.9 billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period. Key players in the global switchgear market include ABB (Switzerland), General Electric (US), Siemens (Germany), Schneider Electric (France), and Eaton (Ireland).
The gas-insulated switchgear market is projected to reach USD 31.6 billion by 2028, reflecting a compound annual growth rate (CAGR) of 5.8% throughout the forecast period. Key players in the global gas insulated switchgear market include ABB (Switzerland), General Electric (US), Siemens (Germany), Schneider Electric (France), and Eaton (Ireland).
The global top 10 high and medium voltage products market is projected to reach USD 349.7 billion by 2028; it is expected to record a CAGR of 5.8% during the forecast period. Some of the major players in the top 10 high & medium voltage products market are Siemens (Germany), ABB (Switzerland), Hitachi (Switzerland), Schneider Electric (France), and Prysmian S.p.A. (Italy). The major strategies adopted by these players include sales contract, product launches, investments, collaborations, partnerships, and expansions.
The global air circuit breaker market size is projected to reach USD 4.1 billion by 2028, with a projected Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period. ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric (Japan), and Eaton (Ireland) stand out as major contributors to the industry. These companies have established themselves as leaders in the field and are known for their cutting-edge technologies and comprehensive product portfolios. In addition to these industry giants, there are several other notable players that play significant roles in the global air circuit breaker market. These include CG Power and Industrial Solutions (India), LS ELECTRIC (South Korea), Fuji Electric (Japan), Havells (India), Hitachi (Japan), C&S Electric (France), Toshiba Corporation (Japan), Entec Electric & Electronics (India), and various others.
The submarine power cable market is projected to reach USD 22.3 billion by 2028, at a CAGR of 11.5% during the forecast period. Some of the major players in the Submarine power cable market are Prysmian S.p.A (Itlay), Sumitomo Electric Industries Ltd. (Japan), LS cable & system Ltd. (South Korea), NKT A/S (Denmark), and Nexans (France). The major strategies adopted by these players include sales contract, product launches, investments, collaborations, partnerships, and expansions.
The global dry type transformer market is projected to reach USD 9.2 billion by 2028; it is expected to record a CAGR of 6.8% during the forecast period. Some of the major players in the dry type transformer market are Schneider Electric (France), Siemens Energy (Germany), Hitachi, Ltd. (Japan), Eaton (Ireland), TOSHIBA CORPORATION (Japan). The major strategies adopted by these players include new product launches, acquisitions, contracts, agreements, partnerships, and expansions.
The market for vacuum contactor is projected reach of USD 5.5 billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period. ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Schneider Electric (France), GE (US), and Mitsubishi Electric (Japan) are a few of the major players. The market's top players are using a variety of tactics to gain market share for vacuum contactor.
The global Distributed control system market size is projected to reach USD 26.7 billion by 2028, it is expected to record a CAGR of 6.1% during the forecast period. Some of the major players in the distributed control system market are Siemens (Germany), ABB (Switzerland), Schneider Electric (France), Emerson Electric Co. (US), and Honeywell International Inc. (US). The major strategies these players adopt include new product launches, contracts, agreements, collaborations, partnerships, acquisitions, and investments & expansions.
The global circuit breaker market is projected to reach USD 8.6 billion by 2028, registering a CAGR of 5.5% during the forecast period. The key players in the circuit breaker market include companies such as ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric (Japan), and Eaton (Ireland).
The power management system market size is projected to reach USD 7.5 billion by 2028, at a CAGR of 5.4% during the forecast period. Some of the major players in the power management system market are ABB (Switzerland), Siemens (Germany), Schneider Electric (US), General Electric (US), Emerson Electric (US). The major strategies adopted by these players include acquisitions, sales contracts, product launches, partnerships.
The global In-circuit test market is projected to reach USD 1.4 billion by 2028; it is expected to record a CAGR of 3.6% during the forecast period. Some of the major players in the in-circuit test market are Teradyne Inc. (US), Test Research Inc. (TRI) (Taiwan), Keysight Technologies (US), Hioki E.E Corporation (Japan) and Kyoritsu Electric Corporation (Japan). The major strategies these players adopt include new product launches, contracts, agreements, partnerships, and investments & expansions.
The global high voltage cables and accessories market is projected to reach USD 52.5 billion by 2028; it is expected to record a CAGR of 5.6% during the forecast period. The high voltage cables and accessories market is dominated by a few major players that have a wide regional presence. The major players in the high voltage cables and accessories market are Prysmian Group (Italy), Sumitomo Electric Industries Ltd. (Japan), Nexans (France), LS Cable & System Ltd. (South Korea), and NKT A/S (Denmark). Between 2019 and 2023, strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions are followed by these companies to capture a larger share of the high voltage cables and accessories market.
The global Transformer Oil market size is projected to reach USD 3.0 billion by 2030; it is expected to record a CAGR of 5.9% during the forecast period. Some of the major players in the transformer oil market are Nynas AB (Sweden), Ergon, Inc. (US), PetroChina Company Limited (China), Shell (UK), APAR Industries Limited (India), and Calumet Specialty Products Partners, L.P. (US). The major strategies these players adopt include new product launches, contracts, agreements, partnerships, acquisitions, and investments & expansions.
The ac circuit breaker market size is projected to reach USD 5.3 billion by 2028, at a CAGR of 5.3% during the forecast period. The overall key players are Siemens (Germany), Schneider Electric (France), Eaton (US), Mitsubishi Electric (Japan), General Electric (US), Rockwell Automation (US), BRUSH Group (UK), HD Hyundai Electric Co., Ltd. (South Korea), Chint Electrics (China), Suntree Electric Group Co., Ltd. (China), Toshiba Corporation, (Japan), Shanghai Liangxin Electric Co., Ltd. (China), Sécheron Hasler Group (Switzerland), Panasonic Corporation (Japan), Fuji Electric (Japan), Powell Industries (US), Legrand (France), Alstom (France), and TE Connectivity (Switzerland).
The global circuit monitoring market is projected to reach USD 829 million by 2028; it is expected to record a CAGR of 4.7% during the forecast period. The circuit monitoring market is dominated by a few major players that have a wide regional presence. The major players in the circuit monitoring market are ABB (Switzerland), Schneider Electric (France), Eaton (Ireland), Toshiba International Corporation (Japan), and Legrand (Ireland). Between 2019 and 2023, Strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions are followed by these companies to capture a larger share of the circuit monitoring market.
The global remote power panel market is projected to reach USD 1.4 billion by 2028, at a CAGR of 4.8% during the forecast period. The power grid market is dominated by a few major players that have a wide regional presence. The major players in the power grid market are Schneider Electric (France), ABB (Switzerland), Toshiba International Corporation (Japan), Vertiv Group Corporation (US), and Socomec (France). Between 2019 and 2023, strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions are followed by these companies to capture a larger share of the power grid market.
The global power grid market is projected to reach USD 367.4 billion by 2028, at a CAGR of 5.4% during the forecast period. Some of the major players in the power grid market are Hitachi Energy(Switzerland), Siemens(Germany), General Electric(US), Schneider Electric(France), and Mitsubishi Electric(Japan). The major strategies adopted by these players include acquisitions, sales contracts, product launches, agreements, alliances, partnerships, and expansions.
The global superconducting wire market is projected to reach USD 1.7 billion by 2028. It is expected to record a CAGR of 9.2% during the forecast period. Some of the major players in the superconducting wire market are Sumitomo Electric Industries, Ltd. (Japan), Fujikura Ltd. (Japan), Furukawa Electric Co., Ltd. (Japan), Bruker (US), and American Superconductor (US). The major strategies adopted by these players include acquisitions, sales contracts, product launches, agreements, alliances, partnerships, and expansions.
The global Smart Meter market is projected to reach USD 36.3 billion in 2028, at a CAGR of 9.4% during the forecast period. Some of the major players in the smart meter market are Schneider Electric (France), Landis+Gyr (Switzerland), Itron (US), Siemens (Germany), Wasion Group (China), Badger Meter (US), and Sensus (Xylem) (US). The major strategies adopted by these players include acquisitions, sales contracts, product launches, agreements, alliances, partnerships, and expansions.
The Power device analyzer market is projected to reach USD 600 million by 2027, at a CAGR of 5.0% during the forecast period. The major players dominating the power device analyzer market are Keysight Technologies (US), Yokogawa (Japan), Hioki E E Corporation (Japan) and Fluke Corporation (US). These players are adopting various strategies such as new product launches to increase their share globally in the market
The global utility communication market is projected to reach USD 26.1 billion by 2027 growing at a CAGR of 5.3% during the forecast period. Some of the key players include Hitachi Energy Ltd (Switzerland), Schneider Electric (France), Siemens (Germany), General Electric (US), and Motorola Solutions, Inc. (US). The leading players are adopting various strategies to increase their share in the utility communication market.
The global energy as a service market is projected to reach USD 105.6 billion by 2027, at a CAGR of 10.3% during the forecast period. The energy as a service market is dominated by major players that have a wide regional presence. Some of the key players in the energy as a service market are ENGIE (France), Enel X (Italy), Schneider Electric (France), Ameresco (US), Siemens (France), General Electric (US), Veolia (France), Honeywell (US), Centrica (Netherlands), Alpiq (Switzerland), WGL Energy (US), Orsted (Denmark), Bernhard Energy Solutions (US).
The global AC power sources market size is projected to reach USD 1.7 billion by 2027, at a CAGR of 2.2% during the forecast period. Some of the major players in the AC power sources market are Keysight Technologies (US), Chroma ATE (Taiwan), AMETEK Inc. (US), Pacific Power Source (US), Matsusada Precision (Japan), Kikusui Electronics Corporation (Japan), Good Will Instrument (Taiwan). The major strategies adopted by these players include acquisitions, sales contracts, product launches, agreements, alliances, partnerships, and expansions.
The synchronous condenser market is expected to grow from USD 661 million in 2022 to USD 811 million by 2030, at a CAGR of 2.6% during the forecast period. Some of the major players in the Synchronous condenser market are ABB (Switzerland), Siemens (Germany), GE (US), Eaton (Ireland), Voith Group (Germany), Fuji Electric (Japan), WEG (Brazil), BRUSH Group (UK), and ANDRITZ (Austria). The major strategies adopted by these players include acquisitions, sales contracts, product launches, agreements, alliances, partnerships, and expansions.
The industrial power supply market is expected to grow from USD 10.8 billion in 2022 to USD 14.5 billion in 2027, at a compound annual growth rate (CAGR) of 6.0% during the forecast period.The Leading Players TDK Lambda (Japan), Siemens (Germany), Delta Electronics (Taiwan), ABB (Switzerland), and Murata Power Solutions (US).
The Americas Medium Voltage Cables market size is projected to reach USD 14.2 billion by 2027, at a CAGR of 5.1% during the forecast period. Some of the major players in the Americas medium-voltage cables market are Prysmian Group (Italy), Southwire Company (US), Nexans (France), NKT (Denmark), LS Cable & System (South Korea), TFKable (Poland), Sumitomo Electric Industries (Japan), and HELUKABEL Group (Germany). The major strategies adopted by these players include acquisitions, sales contracts, product launches, agreements, alliances, partnerships, and expansions.
The power distribution unit market is projected to reach USD 5.7 billion by 2027, at a CAGR of 7.9% during the forecast period. Key Players include Schneider Electric (France), Legrand (France), Eaton (Ireland), Cisco Systems (US), ABB (Switzerland), Vertiv (US), nVent (UK), Panduit (US), Aten (Taiwan), Delta Electronics (Taiwan), Hewlett Packard Enterprise (US), Socomec (France)
The global DC switchgear market is expected to grow from USD 11.0 billion in 2021 to USD 14.8 billion by 2026, at a compound annual growth rate (CAGR) of 6.1% during the forecast period.The key players ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Hitachi Energy Ltd. (Japan), Toshiba Infrastructure Systems & Solutions Corporation (Japan), General Electric (US) and Schneider Electric (France)
The global electrical digital twin market is projected to reach USD 1.3 billion by 2026, at a CAGR of 12.2% during the forecast period. Some of the key players are General Electric (US), Siemens (Germany), ABB (Switzerland), Emerson (US), and AVEVA Group (UK). The leading players are adopting various strategies to increase their share in the electrical digital twin market.
The power quality equipment market is expected to grow from USD 32.4 billion in 2021 to USD 46.1 billion by 2026, at a compound annual growth rate (CAGR) of 7.3% during the forecast period.Some of the key players are Siemens (Germany), ABB (Switzerland), Eaton (Ireland), Schneider Electric (France), and General Electric (US). The leading players are adopting various strategies to increase their share in the power quality equipment market.