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 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 global distribution automation market is projected to reach USD 28.1 billion by 2027, growing at a CAGR of 12.2% during the forecast period. The major players in the global distribution automation market are include ABB (Switzerland), General Electric (US), Eaton (Ireland), Schneider Electric (France), Siemens (Germany). etc.
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 ring main unit market size is projected to reach USD 3.0 billion by 2027, at a CAGR of 6.0% during the forecast period. The ring main unit market is dominated by a few major players that have a wide regional presence. The major players in the ring main unit market are ABB Ltd (Switzerland), Siemens (Germany), Eaton (Ireland), Schneider Electric (France), LS Electric Co., Ltd (South Korea). Between 2018 and 2022, the companies adopted sales contracts as their key strategy to capture a larger share of the ring main unit market.
The recloser market is projected to reach USD 1.3 billion by 2027, at a CAGR of 5.4% during the forecast period. ABB (Switzerland), Hubbell (US), Siemens (Germany), Schneider Electric (France), Eaton (Ireland), NOJA Power (Australia), Brush Group (England), G&W Electric (US), Entec Electric & Electronic (South Korea), Tavrida Electric (Estonia), and Elektrolites (India).
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 gas insulated switchgear market is size is projected to reach USD 31.3 billion by 2027, at a CAGR of 6.3% during the forecast period. ABB (Switzerland), General Electric (US), Siemens (Germany), Schneider Electric (France), Eaton Corporation (Ireland), Mitsubishi Electric (Japan), Hitachi (Japan), Legrand (France), Hyundai Electric (South Korea), Fuji Electric (Japan), and Toshiba (Japan).
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 switchgear market is projected to reach USD 120.1 billion by 2027, at a CAGR of 5.7% during the forecast period. Schneider Electric (France), ABB (Switzerland), General Electric (US), and Eaton (Ireland), and Siemens (Germany), and are the key players in the global switchgear market.
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 global smart grid market is expected to reach USD 103.4 billion by 2026, at a CAGR of 19.1% during the forecast period. The leading players in the smart grid market include GE (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), and Itron (US).
The power SCADA market is expected to grow from USD 1.7 billion in 2021 to USD 2.5 billion by 2026, at a compound annual growth rate (CAGR) of 7.6% during the forecast period. The leading players in the power SCADA market include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Emerson (US), and Rockwell Automation (US).
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.
The Electric Fuse Market is expected to grow from USD 3.5 billion in 2021 to USD 4.6 billion by 2026, at a CAGR of 5.8% during the forecast period. Some of the key players are Schneider Electric (France), Siemens (Germany), Mersen (France), ABB (Switzerland), Eaton (Ireland), Bel Fuse Inc. (US), Littelfuse (US), Legrand (France), S&C Electric Company (US), and Hubbell (US). The leading players are adopting various strategies to increase their shares in the electric fuse market.
The Smart Gas Meter Market is expected to grow from USD 2.0 billion in 2021 to USD 2.5 billion by 2026, at a CAGR of 4.7% during the forecast period. Major players operating in the smart gas meter market include companies such as Landis + Gyr (Switzerland), Itron (US), Honeywell International (US), Apator Group (Poland), and Diehl Metering (Germany).
The surge arrester market is expected to grow from USD 1.5 billion in 2020 to USD 1.9 billion by 2025, at a compound annual growth rate (CAGR) of 4.9% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players, such as Hitachi ABB (Switzerland), Siemens Energy (Germany), General Electric (US), Eaton (Ireland), and Hubbell (US) along with other prominent manufacturers of the surge arrester.
The Vacuum Interrupter Market is expected to grow from USD 2.4 billion in 2020 to USD 3.1 billion by 2025, at a CAGR of 5.1% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the vacuum interrupter market. Some of the key players are ABB (Switzerland), Eaton (US), Siemens AG (Germany, ), Shaanxi Baoguang Vacuum Electric Device Company Limited (China), and Meidensha Corporation (Japan). The leading players are adopting various strategies to increase their share in the vacuum interrupter market.
The Industrial Plugs and Sockets Market is expected to grow from USD 2.5 billion in 2020 to USD 3.2 billion by 2025, at a CAGR of 4.9% during the forecast period. Some of the key players are Amphenol Corporation (US), ABB (Switzerland), Emerson Electric (US), Schneider Electric (France), and Legrand SA (France). The leading players are adopting various strategies to increase their share in the industrial plugs and sockets market.
The global switchgear monitoring system market size is expected to grow USD 2.1 billion by 2025, at a CAGR of 9.7% during the forecasting period. Asia Pacific is estimated to be the largest and fastest growing market during the forecast period. The region has been segmented, by country, into China, Japan, South Korea, Australia, and the Rest of Asia Pacific. Countries in this region are experiencing an increase in demand for power due to rapid urbanization and increase in industrialization. To meet the growing requirement for energy efficiency and continuous power supply, the State Grid Corporation of China (SGCC) plans to invest about USD 556 billion from 2017 to 2020, of which 11.1% (about USD 62 billion) would be spent on grid technologies, including switchgear monitoring, to accommodate a large amount of renewable energy in its grid. China managed to become the major consumer of smart grid technology because of the massive transformation taking place in the country’s energy landscape. The requirement for the smart grid is further supported by China’s focus on embracing energy efficiency and clean energy along with the need to transform the nation’s power industry. China is expected to have more than 100 GW of installed wind capacity and a significant increase in its solar PV installations by 2020. Owing to this, the demand for switchgear monitoring systems would increase.
The COVID-19 Impact on Smart Grid Market is expected to grow from USD 26.9 billion in 2020 to USD 28.8 billion by 2021 at a CAGR of 7.1% from 2020 to 2021 during the forecast period. Some of the major players in the smart grid industry are GE (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Itron (US), Landis+Gyr (Switzerland), Aclara (US), Cisco (US), OSI (US), IBM (US), Wipro (India), Oracle (US), Honeywell (US), S&C Electric Company (US), Eaton (Ireland), Kamstrup (Denmark) and Trilliant Holdings (US), among others.
The protective relay market is expected to grow from USD 2.0 billion in 2020 to USD 2.7 billion by 2025 at a compound annual growth rate (CAGR) of 5.7% during the forecast period.The major players in the global protective relay market include ABB (Switzerland), GE (US), Schneider Electric (France), Siemens (Germany), and SEL (US).
The laminated busbar market is projected to grow USD 1,183 million by 2025, at a CAGR of 6.6% from 2020 to 2025 during the forecasting period. To enable an in-depth understanding of the competitive landscape, the report includes some of the top players in the laminated busbar market. Mersen, Rogers, Amphenol, Sun.King Power Electronics, and Methode Electronics are some of the leading players in the laminated busbar market. They are trying to understand the markets in developing economies and are adopting various strategies to increase their market share. Other dominant players in this market include Ryoden Kasei, Shanghai Eagtop Electronic Technology, Shenzhen Busbar Sci-Tech Development, Storm Power Components, Suzhou West Deane Machinery, Zhuzhou CRRC Times Electric, Jans Copper, Raychem, Molex, Electronic Systems Packaging, Shenzhen Woer New Energy Electrical Technology, Zhejiang Rhi Electric, Kinto Electric, EMS Industrial & Service, Segue Electronics, Foshan Zoete Electric Appliance, American Power Connection Systems, Atlee, Custom Electronics, and Power & Grounding Solutions.
The precision source measure unit market is expected to grow from USD 394 million in 2019 to USD 637 million by 2024, at a compound annual growth rate (CAGR) of 10.1 % during the forecast period.The major players in the precision source measure unit market are Tektronix (US), Keysight Technologies (US), National Instruments (US), Chroma ATE (Taiwan), Yokogawa Electric (Japan), Rohde & Schwarz (Germany), VX Instruments (Germany), and Osilla (UK).
The global function generators market size is projected to reach USD 1.9 billion by 2024 from an estimated market size of USD 1.4 billion in 2019, at a CAGR of 6.1% during the forecast period. The factors driving the market growth is the growing adoption of high-performance and power-efficient devices for aerospace, defense & government services along with investments in automotive (electric vehicles) sector due to the concern towards the hazardous environmental effect.
The Electronic Load Market is expected to grow from USD 3.0 billion in 2019 to USD 4.0 billion by 2024, at a CAGR of 6.3% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the electronic load market. These include Keysight Technologies (US), AMETEK (US), National Instruments (US), Chroma ATE (Taiwan), and Teledyne Technologies (US). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their respective market share.
The global PXI SMU market size is projected to reach USD 267 million by 2024, from an estimated USD 124 million in 2019, growing at a CAGR of 16.5% during the forecast period. The key players operating in this market include National Instruments (US), Keysight Technologies (US), Chroma ATE (Taiwan), VX Instruments (Germany), Marvin Test Solutions (US), and LitePoint a Teradyne Company (US).
The DC Power Supplies Market is expected to grow from USD 361 million in 2019 to USD 454 million by 2024, at a CAGR of 4.7% during the forecast period. To offer an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players such as AMETEK (US), Keysight Technologies (US), TDK Lambda (Japan), Chroma ATE (Taiwan), Good Will Instrument (Taiwan), Rohde & Schwarz (Germany), and B&K Precision (US), Tektronix (US), and MEAN WELL (Taiwan).
The global digital multimeter market size is expected to grow USD 1,047 million by 2024, growing at a CAGR of 4.3% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the digital multimeter market. These include Fluke Corporation (the US), Tektronix (US), Keysight Technologies (US), Yokogawa (Japan), Gossen Metrawatt (Germany), and Hioki (Japan). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies to increase their respective market shares.
The Air Circuit Breaker Market is expected to grow from USD 3.0 billion in 2019 to USD 3.9 billion by 2024, at a compound annual growth rate (CAGR) of 5.2% during the forecast period.The major players in the air circuit breaker market are ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Mitsubishi Electric (Japan), and Schneider Electric (France), among others.
The heat-shrink tubing market is projected to reach USD 2.3 billion by 2024 from an estimated USD 1.8 billion in 2019, at a CAGR of 5.3% during the forecast period. The major players in the heat-shrink tubing market are TE Connectivity (Switzerland), 3M (US), Sumitomo Electric (Japan), ABB (Switzerland), HellermannTyton (West Sussex), Alpha Wire (US), Woer (China), Qualtek (US), Panduit (US), Zeus (US), Guanghai Materials (China), Thermosleeve (US), Insultab (US), Dasheng Heat Shrinkable Material (China), and Changchun Heat Shrinkable Materials (China).
The geospatial solutions market is expected to grow from USD 239.1 billion in 2019 to 502.6 billion by 2024, at a compound annual growth rate (CAGR) of 13.2% during the forecast period.The report includes the profiles of some of the top players in the geospatial solutions market to enable an in-depth understanding of the competitive landscape. Some of the key players are HERE (the Netherlands), Esri (US), Hexagon (Sweden), Atkins Plc (UK), Pitney Bowes (US), Topcon (Japan), DigitalGlobe Inc (Maxar Group) (US), General Electric (US), Harris Corporation (US), Google (US), Bentley (UK), Geospatial Corporation (US), Baidu (China), Telenav (US), TomTom International B.V. (the Netherlands), Apple (US), Oracle (US), Microsoft (US), Amazon (US), IBM (US), SAP (US), China Geo-Engineering Corporation (CGC) (China), RMSI (India), and Orbital Insights (US). The leading players are adopting various strategies to increase their share in the geospatial solutions market.