Europe Electric Power Transmission and Distribution Equipment Market Size & Outlook, 2025-2033
Europe Electric Power Transmission and Distribution Equipment Market Size
According to Straits Research analysis, the Europe Electric Power Transmission and Distribution Equipment Market was valued at USD 55676.02 Million in 2024 and is projected to reach USD 84308.29 Million by 2033, expanding at a CAGR of 4.7% during the forecast period. The key drivers behind this growth are the increasing demand in sectors like agriculture, energy, and chemical industries. These sectors extensively utilize electric power transmission and distribution equipment for smooth operation and efficiency. The market is also witnessing a rise in green energy production and sustainability movements that drive the need for low-carbon and energy-efficient equipment. Technological advancements, coupled with the potential for increased exports, further boost the market's expansion. Europe is strategically positioning itself in the market by promoting energy-efficient solutions and tapping into the potential of digitization and smart grids in power transmission.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Europe Electric Power Transmission and Distribution Equipment Market Highlights
- By market size, Transformer led the Type category in 2024.
- The Type segment led by Others is estimated to post the fastest growth, sustaining its position as the most lucrative during the forecast timeframe.
- Europe held 23.07% share of the global electric power transmission and distribution equipment market size in 2024.
- United States is expected to remain the largest contributor to the global market by 2033.
- By 2033, France is anticipated to record the highest growth in Europe, with the market size expected to reach USD 45534 Million.
Europe Electric Power Transmission and Distribution Equipment Market Revenue Share 2024
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2020-2033 |
| Historical Period | 2020-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 55676.02 Million |
| Market Size In 2033 | USD 84308.29 Million |
| Largest segment | Transformer |
| Fastest segment | Others |
| Units | Revenue in USD Million |
| CAGR | 4.7% (2025-2033) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Country |
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| Type |
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| Voltage Level |
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| End Use |
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Europe Electric Power Transmission and Distribution Equipment Market By Country 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Europe Electric Power Transmission and Distribution Equipment Market By Type 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Europe Electric Power Transmission and Distribution Equipment Market By Voltage Level 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Europe Electric Power Transmission and Distribution Equipment Market By End Use 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
