“Global Energy Distribution & Transmission Market, By Product Type (Conductors, Transformers, Towers, Protection Devices, Others), By Method of Transmission (Overhead Lines, Submarine Power Cables, Underground Cables), as well as by Region – Global Forecast 2020 to 2029.”, which offers a comprehensive view of the Global Energy Distribution & Transmission Market through systematic segmentation, covering every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this market is projected to be over $19,918.9 Mn, and is estimated to increase significantly over the latter part of the forecast period.
Energy distribution & transmission refers to the different stages of carrying electricity over poles and wires from generators to a home or a business. The primary distinction between the two is the voltage level at which electricity moves in each stage.
The increasing need to effectively cater to the growing demand for efficient energy transmission and distribution on account of ever-booming population figures is a primary factor that is anticipated to continue to fuel the revenue growth of the Global Energy Distribution & Transmission Market over the next decade. Moreover, the increasing focus by various governing bodies towards the revamping of existing energy infrastructure on a global-scale is a factor that is slated to boost the revenue growth of the global energy distribution & transmission market in the near future. Furthermore, the growing inclination exhibited from various respective governing bodies to make the transition from conventional large-scale energy infrastructures towards more sustainable sources of energy generation, transmission and distribution, especially in the various emerging nations of the world that are increasingly in need of improved technologies that will allow for better energy management, is another major factor that is slated to have a profound impact on this global industry. These aforementioned factors are some of the most crucial factors that are anticipated to play a critical role in catapulting the projected revenue of the Global Energy Distribution & Transmission Market to $25,545.2 Mn by 2029, at a CAGR of 6.6%.
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