MarketResearch.biz has recently published its market research report titled, “Global Energy Distribution and Transmission Market by Product Type, by Mode of Transmission, and by Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) – Global Forecast from 2020 to 2029”. The report offers a deep-dive analysis of the global energy distribution and transmission market. It is through systematic and exhaustive research efforts, both primary and secondary, as well as ideal segmentation that the research results have been gleaned over the study period. The report also presents the first five-year cumulative revenue (2020–2024), which is projected to be valued at more than US$ 80 Billion, and this is expected to increase quite significantly over the latter part of the five-year forecast period.
Energy transmission and distribution refers to process of transmitting electricity over poles and wires from generators to end-use sectors such as residential, industrial, and commercial. The difference between the two, transmission and distribution, is the voltage level at which electricity moves at different stages. Transmission and distribution are two distinct systems on the grid network.
Browse the full “Global Energy Distribution and Transmission Market By Product Type, By Mode Of Transmission, And By Region (North America, Europe, Asia Pacific, South America, And Middle East & Africa) – Global Forecast From 2020 To 2029” report at https://marketresearch.biz/report/energy-distribution-and-transmission-market/
Global Energy Distribution and Transmission Market: Dynamics
Increasing urbanization and industrialization across various countries, and rising demand for high-power electricity from the power utility sector, industries, residential and commercial establishments, is a major factor expected to drive growth of the global energy transmission and distribution market. In addition, increasing investments by major players on development of the innovative components required to build a strong grid and enhance power generation capacity is another major factor driving market growth. Also, Investments by government for expansion of transmission and distribution infrastructure, to electrify rural and remote areas and overseas infrastructure is additional key factor that is projected to support growth of the target market to a significant extent. Shifting preference from non-renewable resources to clean, sustainable, and renewable energy resources is leading to need for a separate grid for transmission of non-renewable energy. This is projected to have a positive impact on the target market. Moreover, upgradation of old infrastructure in countries in certain developed countries is projected to support growth of the global energy distribution and transmission market.
Global Energy Distribution and Transmission Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global energy distribution and transmission market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global energy distribution and transmission market is projected to expand at a CAGR of over 6.1% over the 10-year forecast period.
Global Energy Distribution and Transmission Market: Segmental Snapshot
The market report has been segmented on the basis of product type, method of transmission, and region. The product type segments include conductors, transformers, towers, protection devices, and other products. The method of transmission segments includes overhead lines, submarine power cables, and underground cables. The regions covered in the analysis include North America, Europe, Asia Pacific, South America, and Middle East & Africa.
By Product Type: The conductors segment is expected to register highest CAGR of more than 6.6%
By Method of Transmission: The overhead lines segment is projected to account for highest revenue share, and is projected to register highest CAGR of over 6% in the global market
By Region: The Asia Pacific market is expected to account for highest revenue share in the global energy distribution and transmission market, and is projected to register highest CAGR of more than 6.3% over the 10-year forecast period.
Global Energy Distribution and Transmission Market: Competitive Analysis
The research report on the global energy distribution and transmission market include profiles of some major companies such as ABB Ltd., Bharat Heavy Electricals Limited, Alstom SA, Diamond Power Infrastructure Limited., General Electric Company, Siemens Aktiengesellschaft, Schneider Electric SE, DAIHEN Corporation, Eaton Corporation plc, Mitsubishi Electric Corporation, PFISTERER Group, and ASTOR TRANSFORMER A.S.
“Global Energy Distribution and Transmission Market Analysis, Trends, Market Size, and Growth Forecast 2020–2029” report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global energy distribution and transmission market for 2019–2029.
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