North America Electric Power Transmission and Distribution Equipment Market Size & Outlook, 2025-2033
North America Electric Power Transmission and Distribution Equipment Market Size
According to Straits Research analysis the North America Electric Power Transmission and Distribution Equipment Market was valued at USD 63565.39 Million in 2024 and is projected to reach USD 93210.56 Million by 2033, expanding at a CAGR of 4.4% during the forecast period. The primary applications driving this growth include the robust demand in industries such as agriculture, chemicals, and energy. For agriculture, optimized irrigation systems benefit from these advancements whilst chemical industries utilize modern transmission equipment for efficient manufacturing processes. Energy sector largely leans on this equipment for streamlined power distribution. Key opportunities lie in green production and sustainability, with major players capitalizing on the rising trend of low-carbon production and renewable energy sources. Technological advancements also offer export potential to other markets. North America is strategically positioning itself as a global leader in this market, focusing on innovation, environmental sustainability, and advanced technology adoption.
Source: Straits Research Analysis Company Publications, Primary Interviews.
North America Electric Power Transmission and Distribution Equipment Market Highlights
- In 2024, Switchgear emerged as the dominant Type based on market size.
- Metering Equipment is projected to register the fastest growth, positioning it as the most attractive Type segment over the forecast horizon.
- The global electric power transmission and distribution equipment market size saw North America holding a share of 26.34% in 2024.
- United States is forecasted to account for the leading share of the global market by 2033.
- In North America, Canada is forecasted to be the fastest-expanding market, projected to reach USD 24106 Million by 2033.
North America 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 63565.39 Million |
| Market Size In 2033 | USD 93210.56 Million |
| Largest segment | Switchgear |
| Fastest segment | Metering Equipment |
| Units | Revenue in USD Million |
| CAGR | 4.4% (2025-2033) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
North America Electric Power Transmission and Distribution Equipment Market Share By Type
Segmentation Covered
| Segments | Sub Segments |
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| Country |
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| Type |
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| Voltage Level |
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North America Electric Power Transmission and Distribution Equipment Market By Country 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
North America Electric Power Transmission and Distribution Equipment Market By Type 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
North America Electric Power Transmission and Distribution Equipment Market By Voltage Level 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
North America Electric Power Transmission and Distribution Equipment Market By End Use 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
