The US$312 billion power transmission and distribution equipment industry-Global market trajectory and analysis to 2027-ResearchAndMarkets.com – QNT Press Release


This “Transmission and Distribution Equipment-Global Market Track and Analysis” Report has been added to ResearchAndMarkets.com provide.

By 2026, the global power transmission and distribution equipment market will reach USD 312.8 billion

During the COVID-19 crisis, the global power transmission and distribution equipment market is estimated to be USD 256.5 billion in 2020 and is expected to reach a revised USD 312.8 billion by 2026, a period of growth at a compound annual growth rate of 4.8% in the analysis.

Wire and cable is one of the market segments analyzed in the report, and is expected to grow at a compound annual growth rate of 4.7% by the end of the analysis period, reaching 117.7 billion US dollars. After a thorough analysis of the business impact of the pandemic and the economic crisis it triggered, the growth of the switchgear division was re-adjusted to a revised compound annual growth rate of 5.3% in the next 7 years. This segment currently accounts for 25% of the global power transmission and distribution equipment market.

The U.S. market is estimated at 65.8 billion U.S. dollars, while China is expected to reach 63.7 billion U.S. dollars by 2026

Transformers can be integrated in compact substations or stand-alone; pad, platform, ground, pole-mounted, and should exhibit high performance in thermal, magnetic and electrical aspects. The design of the transformer needs to make it easy to handle, install, lift and transport. Power transmission and…

The full story on Benzinga.com



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