Global Electric Power Transmission and Distribution Equipment Market Size & Outlook, 2025-2033
Global Electric Power Transmission and Distribution Equipment Market Size
According to Straits Research analysis, the Global Electric Power Transmission and Distribution Equipment Market was valued at USD 241291.71 Million in 2024 and is projected to reach USD 402986.3 Million by 2033, expanding at a CAGR of 5.9% during the forecast period. The primary drivers of this growth include increased energy consumption in industries such as agriculture, chemicals, and energy. The demand is also amplified by a widespread adoption of electrically-powered systems in various industries. Emerging trends in this sector include green production, sustainability, and technological advancements, creating a conducive environment for growth. The export potential of energy-efficient and low-carbon solutions is also noteworthy. As the world leans towards low-carbon economies, regions across the globe are strategically positioning themselves to cater to this increasing global demand by investing in cleaner and more efficient power transmission and distribution equipment.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global Electric Power Transmission and Distribution Equipment Market Highlights
- By segment, Transformer emerged as the largest Type in terms of market size in 2024.
- Metering Equipment is anticipated to remain the most attractive Type segment, recording the fastest growth during the forecast period.
- Global accounted for % of the global electric power transmission and distribution equipment market size in 2024.
- By 2033, United States is expected to remain the top global market in terms of size.
- Within Global, North America is forecasted to dominate the regional electric power transmission and distribution equipment market size by 2033.
- Asia Pacific will be the fastest-growing market in Global, projected to achieve USD 215275.32 Million by 2033.
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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 241291.71 Million |
| Market Size In 2033 | USD 402986.3 Million |
| Largest segment | Transformer |
| Fastest segment | Metering Equipment |
| Units | Revenue in USD Million |
| CAGR | 5.9% (2025-2033) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Global Electric Power Transmission and Distribution Equipment Market Share By Type
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Region |
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| Type |
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| Voltage Level |
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| End Use |
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Global Electric Power Transmission and Distribution Equipment Market By Region 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global Electric Power Transmission and Distribution Equipment Market By Type 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global Electric Power Transmission and Distribution Equipment Market By Voltage Level 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global Electric Power Transmission and Distribution Equipment Market By End Use 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
