Power T&D Equipment Market Research Report—Global Forecast till 2030

Power T&D Equipment Market Research Report: Information by Type (Transformer, Switchgear, Circuit Breaker, Inductor & Capacitors, Meters, and Fuses & Equipment), Application (Utility, Commercial, Residential, Industrial, and Others), and Region (North America, South America Europe, Asia-Pacific, and Rest of the World)—Forecast till 2030

ID: MRFR/E&P/9205-CR | September 2021 | Region: Global | 188 Pages         

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 14

1.1 MARKET ATTRACTIVENESS ANALYSIS 16

1.1.1 GLOBAL POWER T&D EQUIPMENT MARKET, BY TYPE 17

1.1.2 GLOBAL POWER T&D EQUIPMENT MARKET, BY APPLICATION 18

1.1.3 GLOBAL POWER T&D EQUIPMENT MARKET, BY REGION 19

2 MARKET INTRODUCTION 20

2.1 DEFINITIONS 20

2.2 SCOPE OF THE STUDY 20

2.3 RESEARCH OBJECTIVE 20

2.4 MARKET STRUCTURE 21

2.5 KEY BUYING CRITERIA 21

3 RESEARCH METHODOLOGY 22

3.1 RESEARCH PROCESS 22

3.2 PRIMARY RESEARCH 23

3.3 SECONDARY RESEARCH 24

3.4 MARKET SIZE ESTIMATION 25

3.5 FORECAST MODEL 26

3.6 LIST OF ASSUMPTIONS 26

4 MARKET INSIGHTS 27

5 MARKET DYNAMICS 30

5.1 INTRODUCTION 30

5.2 DRIVERS 31

5.2.1 RISING DEMAND FOR ELECTRICITY 31

5.2.2 GROWING INVESTMENTS IN T&D INFRASTRUCTURE 31

5.3 RESTRAINT 32

5.3.1 HIGH INITIAL COST 32

5.4 OPPORTUNITY 32

5.4.1 AGING T&D INFRASTRUCTURE IN DEVELOPING COUNTRIES 32

5.5 IMPACT ANALYSIS OF COVID-19 33

5.5.1 IMPACT ON THE OVERALL ENERGY & POWER INDUSTRY 33

5.5.2 ECONOMIC IMPACT 33

5.5.3 IMPACT ON POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENT MARKET 33

5.5.4 IMPACT ON SUPPLY CHAIN OF POWER T&D EQUIPMENT 33

5.5.4.1 PRICE VARIATION OF KEY RAW MATERIALS 33

5.5.4.2 PRODUCTION SHUTDOWN 34

5.5.4.3 CASH FLOW CONSTRAINTS 34

5.5.4.4 IMPACT ON IMPORT/EXPORT 34

5.5.5 IMPACT ON MARKET DEMAND OF POWER T&D EQUIPMENT 34

5.5.5.1 IMPACT DUE TO LOCKDOWN 34

5.5.5.2 CONSUMER SENTIMENTS 34

5.5.5.3 IMPACT ON PRICING OF POWER T&D EQUIPMENT 34

6 MARKET FACTOR ANALYSIS 35

6.1 SUPPLY CHAIN ANALYSIS 35

6.1.1 RAW MATERIAL & COMPONENT SUPPLY 35

6.1.2 MANUFACTURE & ASSEMBLY 36

6.1.3 END USER 36

6.2 PORTER’S FIVE FORCES MODEL 36

6.2.1 THREAT OF NEW ENTRANTS 37

6.2.2 BARGAINING POWER OF SUPPLIERS 37

6.2.3 THREAT OF SUBSTITUTES 37

6.2.4 BARGAINING POWER OF BUYERS 37

6.2.5 INTENSITY OF RIVALRY 37

7 GLOBAL POWER T&D EQUIPMENT MARKET, BY TYPE 38

7.1 OVERVIEW 38

7.2 TRANSFORMER 40

7.3 SWITCHGEAR 40

7.4 CIRCUIT BREAKER 40

7.5 INDUCTOR & CAPACITORS 40

7.6 METERS 41

7.7 FUSES & EQUIPMENT 41

8 GLOBAL POWER T&DEQUIPMENT MARKET, BY APPLICATION 42

8.1 OVERVIEW 42

8.2 UTILITY 43

8.3 COMMERCIAL 43

8.4 RESIDENTIAL 44

8.5 INDUSTRIAL 44

8.6 OTHERS 44

9 GLOBAL POWER T&D EQUIPMENT MARKET, BY REGION 45

9.1 OVERVIEW 45

9.2 NORTH AMERICA 47

9.2.1 US 48

9.2.2 CANADA 49

9.2.3 MEXICO 50

9.3 EUROPE 52

9.3.1 GERMANY 53

9.3.2 UK 54

9.3.3 FRANCE 56

9.3.4 ITALY 57

9.3.5 REST OF EUROPE 58

9.4 ASIA-PACIFIC 60

9.4.1 CHINA 62

9.4.2 JAPAN 63

9.4.3 INDIA 64

9.4.4 SOUTH KOREA 66

9.4.5 REST OF ASIA-PACIFIC 67

9.5 MIDDLE EAST & AFRICA 69

9.5.1 SAUDI ARABIA 71

9.5.2 UAE 72

9.5.3 SOUTH AFRICA 73

9.5.4 REST OF MIDDLE EAST & AFRICA 74

9.6 SOUTH AMERICA 76

9.6.1 BRAZIL 77

9.6.2 ARGENTINA 79

9.6.3 REST OF SOUTH AMERICA 80

10 COMPETITIVE LANDSCAPE 82

10.1 COMPETITIVE OVERVIEW 82

10.2 COMPETITIVE BENCHMARKING 83

10.3 MARKET SHARE ANALYSIS 84

11 COMPANY PROFILES 85

11.1 HITACHI ABB POWER GRIDS. 85

11.1.1 COMPANY OVERVIEW 85

11.1.2 FINANCIAL OVERVIEW 86

11.1.3 PRODUCTS OFFERED 87

11.1.4 KEY DEVELOPMENTS 87

11.1.5 SWOT ANALYSIS 88

11.1.6 KEY STRATEGIES 89

11.2 SCHNEIDER ELECTRIC 90

11.2.1 COMPANY OVERVIEW 90

11.2.2 FINANCIAL OVERVIEW 91

11.2.3 PRODUCTS OFFERED 92

11.2.4 KEY DEVELOPMENTS 93

11.2.5 SWOT ANALYSIS 93

11.2.6 KEY STRATEGIES 93

11.3 SIEMENS 94

11.3.1 COMPANY OVERVIEW 94

11.3.2 FINANCIAL OVERVIEW 95

11.3.3 PRODUCTS OFFERED 95

11.3.4 KEY DEVELOPMENTS 96

11.3.5 SWOT ANALYSIS 97

11.3.6 KEY STRATEGIES 97

11.4 EATON CORPORATION 98

11.4.1 COMPANY OVERVIEW 98

11.4.2 FINANCIAL OVERVIEW 99

11.4.3 PRODUCTS OFFERED 99

11.4.4 KEY DEVELOPMENTS 100

11.4.5 SWOT ANALYSIS 101

11.4.6 KEY STRATEGIES 101

11.5 MITSUBISHI ELECTRIC CORPORATION 102

11.5.1 COMPANY OVERVIEW 102

11.5.2 FINANCIAL OVERVIEW 103

11.5.3 PRODUCTS OFFERED 103

11.5.4 KEY DEVELOPMENTS 104

11.5.5 SWOT ANALYSIS 104

11.5.6 KEY STRATEGIES 105

11.6 HAMMOND POWER SOLUTIONS 106

11.6.1 COMPANY OVERVIEW 106

11.6.2 FINANCIAL OVERVIEW 107

11.6.3 PRODUCTS OFFERED 108

11.6.4 KEY DEVELOPMENTS 108

11.6.5 KEY STRATEGIES 108

11.7 TOSHIBA CORPORATION 109

11.7.1 COMPANY OVERVIEW 109

11.7.2 FINANCIAL OVERVIEW 110

11.7.3 PRODUCTS/SERVICES OFFERED 111

11.7.4 KEY DEVELOPMENTS 112

11.7.5 SWOT ANALYSIS 112

11.7.6 KEY STRATEGIES 112

11.8 GENERAL ELECTRIC 113

11.8.1 COMPANY OVERVIEW 113

11.8.2 FINANCIAL OVERVIEW 114

11.8.3 PRODUCTS/SERVICES OFFERED 115

11.8.4 KEY DEVELOPMENTS 116

11.8.5 SWOT ANALYSIS 116

11.8.6 KEY STRATEGIES 116

11.9 TE CONNECTIVITY 117

11.9.1 COMPANY OVERVIEW 117

11.9.2 FINANCIAL OVERVIEW 118

11.9.3 PRODUCTS/SERVICES OFFERED 118

11.9.4 KEY DEVELOPMENTS 119

11.9.5 KEY STRATEGIES 119

11.10 POWELL INDUSTRIES INC. 120

11.10.1 COMPANY OVERVIEW 120

11.10.2 FINANCIAL OVERVIEW 120

11.10.3 PRODUCTS/SERVICES OFFERED 121

11.10.4 KEY DEVELOPMENTS 121

11.10.5 KEY STRATEGIES 122

11.11 FUJI ELECTRIC CO. LTD 123

11.11.1 COMPANY OVERVIEW 123

11.11.2 FINANCIAL OVERVIEW 124

11.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 125

11.11.4 KEY DEVELOPMENTS 126

11.12 BHARAT HEAVY ELECTRICALS LIMITED (BHEL) 127

11.12.1 COMPANY OVERVIEW 127

11.12.2 FINANCIAL OVERVIEW 127

11.12.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 128

11.12.4 KEY DEVELOPMENTS 130

11.13 CHINT GROUP 131

11.13.1 COMPANY OVERVIEW 131

11.13.2 FINANCIAL OVERVIEW 131

11.13.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 132

11.13.4 KEY DEVELOPMENTS 133

11.14 BASLER ELECTRIC COMPANY 134

11.14.1 COMPANY OVERVIEW 134

11.14.2 FINANCIAL OVERVIEW 134

11.14.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 134

11.14.4 KEY DEVELOPMENTS 135

11.15 CG POWER AND INDUSTRIAL SOLUTIONS LIMITED 136

11.15.1 COMPANY OVERVIEW 136

11.15.2 FINANCIAL OVERVIEW 136

11.15.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 137

11.15.4 KEY DEVELOPMENTS 137

11.16 G&W ELECTRIC 138

11.16.1 COMPANY OVERVIEW 138

11.16.2 FINANCIAL OVERVIEW 138

11.16.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 138

11.16.4 KEY DEVELOPMENTS 138

11.17 S&C ELECTRIC 139

11.17.1 COMPANY OVERVIEW 139

11.17.2 FINANCIAL OVERVIEW 139

11.17.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 139

11.17.4 KEY DEVELOPMENTS 141

11.18 ITRON 142

11.18.1 COMPANY OVERVIEW 142

11.18.2 FINANCIAL OVERVIEW 142

11.18.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 143

11.18.4 KEY DEVELOPMENTS 143

11.19 LANDIS+GYR 144

11.19.1 COMPANY OVERVIEW 144

11.19.2 FINANCIAL OVERVIEW 144

11.19.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 145

11.19.4 KEY DEVELOPMENTS 147

 

LIST OF TABLES

TABLE 1 LIST OF ASSUMPTIONS 26

TABLE 2 GLOBAL POWER T&D EQUIPMENT MARKET, BY TYPE, 2019-2027 (USD MILLION) 39

TABLE 3 GLOBAL POWER TRANSMISSION & DISTRIBUTION EQUIPMENT: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2019–2027 (USD MILLION) 43

TABLE 4 GLOBAL POWER T&D EQUIPMENT MARKET, BY REGION, 2019-2027 (USD MILLION) 46

TABLE 5 NORTH AMERICA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY COUNTRY, 2019–2027 (USD MILLION) 47

TABLE 6 NORTH AMERICA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019–2027 (USD MILLION) 47

TABLE 7 NORTH AMERICA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019-2027 (USD MILLION) 48

TABLE 8 US: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE , 2019–2027 (USD MILLION) 48

TABLE 9 US: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 49

TABLE 10 CANADA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 49

TABLE 11 CANADA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 50

TABLE 12 MEXICO: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 51

TABLE 13 MEXICO: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 51

TABLE 14 EUROPE: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY COUNTRY, 2019–2027 (USD MILLION) 52

TABLE 15 EUROPE: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 52

TABLE 16 EUROPE: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 53

TABLE 17 GERMANY: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 53

TABLE 18 GERMANY: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 54

TABLE 19 UK: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 55

TABLE 20 UK: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 55

TABLE 21 FRANCE: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 56

TABLE 22 FRANCE: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 56

TABLE 23 ITALY: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 57

TABLE 24 ITALY: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 57

TABLE 25 REST OF EUROPE: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 58

TABLE 26 REST OF EUROPE: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 59

TABLE 27 ASIA-PACIFIC: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY COUNTRY, 2019–2027 (USD MILLION) 60

TABLE 28 ASIA-PACIFIC: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 61

TABLE 29 ASIA PACIFIC: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 61

TABLE 30 CHINA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 62

TABLE 31 CHINA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 62

TABLE 32 JAPAN: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 63

TABLE 33 JAPAN: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 64

TABLE 34 INDIA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 65

TABLE 35 INDIA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 65

TABLE 36 SOUTH KOREA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 66

TABLE 37 SOUTH KOREA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 66

TABLE 38 REST OF ASIA-PACIFIC: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 67

TABLE 39 REST OF ASIA-PACIFIC: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 68

TABLE 40 MIDDLE EAST & AFRICA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY COUNTRY, 2019–2027 (USD MILLION) 69

TABLE 41 MIDDLE EAST & AFRICA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 70

TABLE 42 MIDDLE EAST & AFRICA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 70

TABLE 43 SAUDI ARABIA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 71

TABLE 44 SAUDI ARABIA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 71

TABLE 45 UAE: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 72

TABLE 46 UAE: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 72

TABLE 47 SOUTH AFRICA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 73

TABLE 48 SOUTH AFRICA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 74

TABLE 49 REST OF MIDDLE EAST & AFRICA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 74

TABLE 50 REST OF MIDDLE EAST & AFRICA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 75

TABLE 51 SOUTH AMERICA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY COUNTRY, 2018–2026 (USD MILLION) 76

TABLE 52 SOUTH AMERICA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 76

TABLE 53 SOUTH AMERICA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 77

TABLE 54 BRAZIL: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 78

TABLE 55 BRAZIL: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 78

TABLE 56 ARGENTINA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 79

TABLE 57 ARGENTINA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 79

TABLE 58 REST OF SOUTH AMERICA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY TYPE, 2019–2027 (USD MILLION) 80

TABLE 59 REST OF SOUTH AMERICA: POWER TRANSMISSION & DISTRIBUTION (T&D) EQUIPMENTMARKET, BY APPLICATION, 2019-2027 (USD MILLION) 80

TABLE 60 HITACHI ABB POWER GRIDS: PRODUCTS OFFERED 87

TABLE 61 HITACHI ABB POWER GRIDS: KEY DEVELOPMENTS 87

TABLE 62 SCHNEIDER ELECTRIC: PRODUCTS OFFERED 92

TABLE 63 SCHNEIDER ELECTRIC: KEY DEVELOPMENTS 93

TABLE 64 SIEMENS: PRODUCTS OFFERED 95

TABLE 65 EATON CORPORATION: PRODUCTS OFFERED 99

TABLE 66 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED 103

TABLE 67 HAMMOND POWER SOLUTIONS: PRODUCTS OFFERED 108

TABLE 68 TOSHIBA CORPORATION: PRODUCT OFFERED 111

TABLE 69 TOSHIBA CORPORATION: KEY DEVELOPMENTS 112

TABLE 70 GENERAL ELECTRIC: PRODUCT OFFERED 115

TABLE 71 GENERAL ELECTRIC: KEY DEVELOPMENTS 116

TABLE 72 TE CONNECTIVITY: PRODUCT OFFERED 118

TABLE 73 TE CONNECTIVITY: KEY DEVELOPMENTS 119

TABLE 74 POWELL INDUSTRIES INC.: PRODUCT OFFERED 121

TABLE 75 POWELL INDUSTRIES INC.: KEY DEVELOPMENTS 121

TABLE 76 FUJI ELECTRIC COMPANY LTD: PRODUCTS/SOLUTION/SERVICES OFFERED 125

TABLE 77 FUJI ELECTRIC: KEY DEVELOPMENTS 126

TABLE 78 BHEL: PRODUCTS/SOLUTION/SERVICES OFFERED 128

TABLE 79 BHEL: KEY DEVELOPMENTS 130

TABLE 80 CHINT GROUP: PRODUCTS/SOLUTION/SERVICES OFFERED 132

TABLE 81 CHINT GROUP: KEY DEVELOPMENTS 133

TABLE 82 BASLER ELECTRIC COMPANY: PRODUCTS/SOLUTION/SERVICES OFFERED 134

TABLE 83 BASLER ELECTRIC COMPANY: KEY DEVELOPMENTS 135

TABLE 84 CG POWER AND INDUSTRIAL SOLUTIONS LIMITED.: PRODUCTS/SOLUTION/SERVICES OFFERED 137

TABLE 85 G&W ELECTRIC: PRODUCTS OFFERED 138

TABLE 86 G&W ELECTRIC: KEY DEVELOPMENTS 138

TABLE 87 S&C ELECTRIC: PRODUCTS OFFERED 139

TABLE 88 S&C ELECTRIC: KEY DEVELOPMENTS 141

TABLE 89 ITRON: PRODUCTS OFFERED 143

TABLE 90 ITRON: KEY DEVELOPMENTS 143

TABLE 91 LANDIS+GYR: PRODUCTS OFFERED 145

TABLE 92 LANDIS+GYR: KEY DEVELOPMENTS 147

 

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 15

FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL POWER T&D EQUIPMENT 16

FIGURE 3 GLOBAL POWER T&D EQUIPMENT MARKET ANALYSIS, BY TYPE 17

FIGURE 4 GLOBAL POWER T&D EQUIPMENT MARKET ANALYSIS, BY APPLICATION 18

FIGURE 5 GLOBAL POWER T&D EQUIPMENT MARKET ANALYSIS, BY REGION 19

FIGURE 6 GLOBAL POWER T&D EQUIPMENT MARKET: STRUCTURE 21

FIGURE 7 KEY BUYING CRITERIA FOR GLOBAL POWER T&D EQUIPMENT MARKET 21

FIGURE 8 RESEARCH PROCESS 22

FIGURE 9 TOP-DOWN AND BOTTOM-UP APPROACHES 25

FIGURE 10 GLOBAL POWER T&D EQUIPMENT MARKET SIZE & MARKET SHARE, BY NORTH AMERICA (2019 VS 2026) 27

FIGURE 11 GLOBAL POWER T&D EQUIPMENT MARKET SIZE & MARKET SHARE, BY EUROPE (2019 VS 2026) 27

FIGURE 12 GLOBAL POWER T&D EQUIPMENT MARKET SIZE & MARKET SHARE, BY ASIA-PACIFIC (2019 VS 2026) 28

FIGURE 13 GLOBAL POWER T&D EQUIPMENT MARKET SIZE & MARKET SHARE, BY MIDDLE EAST & AFRICA (2019 VS 2026) 28

FIGURE 14 GLOBAL POWER T&D EQUIPMENT MARKET SIZE & MARKET SHARE, BY SOUTH AMERICA (2019 VS 2026) 29

FIGURE 15 DRO ANALYSIS: GLOBAL POWER T&D EQUIPMENT MARKET 30

FIGURE 16 SUPPLY CHAIN ANALYSIS: GLOBAL POWER T&D EQUIPMENT MARKET 35

FIGURE 17 PORTER'S FIVE FORCES ANALYSIS: GLOBAL POWER T&D EQUIPMENT MARKET 36

FIGURE 18 GLOBAL POWER T&D EQUIPMENT MARKET, BY TYPE, 2020 (% SHARE) 38

FIGURE 19 GLOBAL POWER T&D EQUIPMENT MARKET, BY TYPE2019 TO 2027 (USD MILLION) 39

FIGURE 20 GLOBAL POWER T&D EQUIPMENT MARKET , BY APPLICATION, 2019 (% SHARE) 42

FIGURE 21 GLOBAL POWER T&D EQUIPMENT: MARKET ESTIMATES & FORECAST, BY APPLICATION, 2019–2027 (USD MILLION) 42

FIGURE 22 GLOBAL POWER T&D EQUIPMENT MARKET, BY REGION, 2020 (% SHARE) 45

FIGURE 23 GLOBAL POWER T&D EQUIPMENT MARKET, BY REGION, 2019–2027 (USD MILLION) 45

FIGURE 24 BENCHMARKING OF MAJOR COMPETITORS 83

FIGURE 25 MAJOR PLAYERS MARKET SHARE ANALYSIS, 2019 (%) 84

FIGURE 26 HITACHI ABB POWER GRIDS: TOTAL REVENUE VS RESEARCH AND DEVELOPMENT AND GEOGRAPHIC REVENUE (2017–2020) 86

FIGURE 27 SCHNEIDER ELECTRIC: TOTAL REVENUE VS RESEARCH AND DEVELOPMENT AND GEOGRAPHIC REVENUE (2017–2020) 91

FIGURE 28 SIEMENS: TOTAL REVENUE VS RESEARCH & DEVELOPMENT AND REGIONAL REVENUE (2015–2018) 95

FIGURE 29 EATON CORPORATION: TOTAL REVENUE VS RESEARCH AND DEVELOPMENT AND GEOGRAPHIC REVENUE (2015–2018) 99

FIGURE 30 MITSUBISHI ELECTRIC CORPORATION: TOTAL REVENUE VS RESEARCH AND DEVELOPMENT AND GEOGRAPHIC REVENUE (2017–2020) 103

FIGURE 31 HAMMOND POWER SOLUTIONS: TOTAL REVENUE VS RESEARCH AND DEVELOPMENT AND GEOGRAPHIC REVENUE (2015–2018) 107

FIGURE 32 TOSHIBA CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 110

FIGURE 33 GENERAL ELECTRIC: FINANCIAL OVERVIEW SNAPSHOT 114

FIGURE 34 TE CONNECTIVITY: FINANCIAL OVERVIEW SNAPSHOT 118

FIGURE 35 POWELL INDUSTRIES INC.: FINANCIAL OVERVIEW SNAPSHOT 120

FIGURE 36 FUJI ELECTRIC CO LTD: FINANCIAL OVERVIEW SNAPSHOT 124

FIGURE 37 BHEL: FINANCIAL OVERVIEW SNAPSHOT 127

FIGURE 38 CG POWER AND INDUSTRIAL SOLUTIONS LIMITED: FINANCIAL OVERVIEW SNAPSHOT 136

FIGURE 39 ITRON: FINANCIAL OVERVIEW SNAPSHOT 142

FIGURE 40 LANDIS+GYR: FINANCIAL OVERVIEW SNAPSHOT 144

Power TD Equipment Market

Power TD Equipment Market is expected to be valued at USD 312.8 Billion, with a CAGR of 7.35% Forecast by 2027

Segmentation

By Type Transformer Switchgear Circuit Breaker Inductor & Capacitors Meters Fuses & Equipment
By Application Utility Commercial Residential Industrial Others

Key Players

  • Hitachi ABB Power Grids (Switzerland)
  • Schneider Electric (France)
  • Siemens (Germany)
  • Eaton Corporation (Ireland)
  • Mitsubishi Electric Corporation (Japan)
  • Hammond Power Solutions (Canada)
  • Toshiba Corporation (Japan)
  • General Electric (US)
  • TE Connectivity (Switzerland)
  • Powell Industries Inc. (US)
  • Fuji Electric Co. Ltd (Japan)
  • Bharat Heavy Electricals (BHEL) (India)

Drivers

  • Rising Demand for Electricity
  • Growing Investments in T&D Infrastructure
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Market Synopsis:


The global power T&D equipment market size will grow at a favorable 7.35% CAGR by 2030, states the new Market Research Future (MRFR) report

Power relates to the electrical supply of electricity and energy. It includes the supply to various operation and energy measures, including smart meters, smart appliances, renewable energy resources, and energy-efficient resources. Electronic power conditioning and control of the production and distribution of electricity are essential aspects of the smart grid. Technological limitations on metering no longer force peak power prices to be averaged out and passed on to all consumers without any biasedness.


Dominant forms such as wind power and solar power are highly variable, so the need for more sophisticated control systems became apparent to facilitate the connection of sources to the otherwise highly controllable grid. Power from photovoltaic cells has also significantly called into question the imperative for large, centralized power stations. The rapidly falling costs point to a significant change from the centralized grid topology to one that is highly distributed, with power being generated and consumed right at the limits of the grid.


Based on type, the global power T&D equipment market has been segmented intotransformers, switchgear, circuit breaker, inductors & capacitors, meters, fuses & equipment, and others. The switchgear segment held a share of 37.9% of the global power T&D equipment market. Based on region, the global power T&D Equipment market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Asia-Pacific held a 40.5% share of the global power T&D equipmentmarket.


COVID-19 Analysis:


COVID-19 has led to severe impact across all the industries around the world. The rapid spread has led governments across the globe to take stricter actions for the operations of industrial plants and offices, leading to stricter lockdowns. The lockdown had a notable impact on the power sector overall as power demand had decreased majorly from commercial and industrial sectors.The pandemic has induced a steep decline in the global demand for power T&D equipment, especially in economies with complete lockdowns. As T&D equipment is used in utilities, commercial, water & wastewater treatment, and many other essential industries, manufacturers face supply chain disruption in the supply of global T&D equipment. However, the market has witnessed a steep decline from the utility, industrial, residential, and commercial sectors due to the decline in global energy demand. Furthermore,key global companies in the global power T&D equipment are facing a slowdown due to COVID-19 and are unable to initiate projects and execute product developments.


Market Dynamics:


Drivers:


  • Rising Demand for Electricity


As per the International Energy Agency (IEA), as per the stated policies scenario, the global electricity demand is projected to grow at a rate of 2.1% per annum by 2040. Additionally, the share of electricity in the final energy consumption is estimated to rise from 19% in 2018 to 24% in 2040. The growing population, rapid industrialization & urbanization, and increasing infrastructure development are a few factors that are expected to increase the global electricity demand. Additionally, as per the United Nations, the global population is expected to reach approximately 8.5 billion and 9.7 billion by 2030 and 2050. The growth in the world’s population results in increased electricity demand and consumption. Hence, it can be interpreted that with the increasing demand for electricity, the need for T&D infrastructure is also expected to increase.



  • Growing Investments in T&D Infrastructure


The investments in electric T&D for the infrastructure are subject to constant transformation owing to the developing infrastructure. According to World Energy Investment Outlook Special Report, Total energy investment was USD 1.7 trillion in 2016. Electricity sector investment overtook oil and gas for the first time, while energy efficiency was the biggest growth sector. OECD countries have invested heavily to achieve this, spending USD 3 trillion on new renewable and conventional power plants, T&D infrastructure, and energy efficiency measures. Out of this, the investment in T&D networks accounted for USD 240 billion in 2019. Over the next decade, electric utilities are expected to invest about USD 3.2 trillion globally in new and replacement T&D infrastructure. Large T&D investments are expected to replace aging infrastructure, maintain reliability, enable market efficiencies, and aid in global policy objectives, such as greenhouse gas reduction, in the next two decades.


Restraints:



  • High Initial Cost


Power T&D equipment are major components in the electrical infrastructure and contribute to around to half of the total cost of the T&D network. For instance, the total cost of installing a power Power T&D equipment for the owner is the summation of the initial purchase price and the cost of running it for its life of 30 - 40 years. The major issue related to the power transformers is the cost feasibility that does not compliment the operational life of the transformers. Similarly, other power T&D equipment such as circuit breakers, switchgear, and other components have a relative life span to their cost.


Opportunities:



  • Aging T&D Infrastructure in Developing Countries


The electrical grid infrastructure for the supply of electricity to consumers across the globe, especially in developing countries, was constructed a long time ago. Thus, there is a need to upgrade and replace the aging infrastructure to ensure an uninterrupted power supply. Although the replacement of aging electrical infrastructure entails high capital investments, the need to replace and upgrade equipment such as transformers, circuit breakers, and switchgear in grid infrastructure plays an important role in reducing T&D losses and improving power efficiency. Unequal load distribution, lack of maintenance, and aging substations are some of the reasons that contribute to T&D losses and power failure in the power grid infrastructure.

Segment Overview:


By Type:



  • Transformer


 A transformer is a passive electrical device that transfers electrical energy from one circuit to another through the process of electromagnetic induction. It is most commonly used to increase (step-up) or decrease (step down) voltage levels between circuits. Transformers are used in various fields like the distribution sector, power generation grid, electric energy consumption, and transmission. Transformers can be integrated into installations including free standing, substations, ground, pole-mounted, pad, platform, and should exhibit high performance thermally, electrically, and magnetically. Transformers need to be designed in such a way that they are easy to handle, install, lift, and transport.



  • Switchgear


Switchgear is used for controlling, regulating, and switching on or off the electrical circuit in the electrical power system. Switchgear in substations are located on both the high- and low-voltage sides of large power transformers. The switchgear on the low-voltage side of the transformers may be located in a building, with medium-voltage circuit breakers for distribution circuits, along with metering, control, and protection equipment. For industrial applications, a transformer and switchgear line-up may be combined in one housing, called a unitized substation (USS).



  • Circuit Breaker


 A circuit breaker is a switching device that interrupts the abnormal or faults current. It’s a mechanical device that disturbs the flow of high magnitude current and performs the function of the switch. It’s mainly designed to close or open an electrical circuit and protect the electrical system from damage. Circuit breakers are classified on the basis of rated voltages. Circuit breakers below 1000V are known as low voltage circuit breakers, and above 1000V are knowns as high voltage circuit breakers.



  • Inductor & Capacitors


An inductor is used in the power electric circuit to store energy in the form of magnetic energy when electricity is applied. An inductor is opposing any change in the amount of current flowing through it. When current across the inductor changes, it either acquires charge or loses the charge in order to equalize the current passing through it. The inductor is also called reactor, coil, or choke.



  • Meters


A meter is a device used to measure the amount of electric energy consumed by a residence, commercial, utility, and industrial. Electric utilities use electric meters installed at customer premises to measure electric energy delivered to the customer for billing purposes.



  • Fuses & Equipment


Fuses are the protectors and safety devices that are used to protect the home appliances such as televisions, refrigerators, and computers from damage caused by high voltage. The fuse is made up of a thin strip or strand of metal. Whenever there is heavy current flow in an electrical circuit, the fuse melts, and it opens the circuit and disconnects it from the power supply. Also, it works as a circuit breaker or stabilizer, which protects the device from damage. Fuses strips are made up of aluminum, copper, or zinc, and it is always connected in series with the circuit to protect from overcurrent in the running cables.


By Application:



  • Utilities


Utility refers to those company stocks that provide basic services, including electricity, natural gas, and water. The utility segment has its own generating plants and T&D equipment that generates its own power system. T&D equipment are used to transport power generated at power plants to substation then to electric utility transformers. The electric utility delivers electricity to commercial, residential, and others sectors.



  • Commercial


Commercial buildings are used for commercial purposes such as education facilities, government & office buildings, hospitals & medical centers, and hotels. Widespread installation of electrical appliances such as lighting systems, ventilators, and air conditioners in commercial spaces and increasing the demand for electric power T&D equipment will boost the demand for T&D equipment in the commercial sector. Moreover, the launch of various smart cities has led to the modernization of electrical grids, another crucial factor contributing to market growth. Additionally, increasing investments in renewable energy facilities and awareness regarding the need to reduce energy losses encourage the adoption of technologically improved T&D equipment across the globe.



  • Residential


The residential segment includes infrastructure that is dependent on power T&D equipment for electricity and thermal energy. However, the sale of residential properties has declined due to the ongoing COVID-19 pandemic, resulting in the lesser installation of power T&D equipment being deployed across the globe. Such factors indicate a steady growth in the residential sector in the world. However, the improving pandemic situation is likely to result in more installation of these systems in the coming months.



  • Industrial


The industrial segment includes industries that are dependent on T&D systems to supply electrical equipment. The growing energy demand from industrial sectors is driving the growth of the market. The advent of smart cities has led to the modernization of electrical grids, contributing to market growth. The increasing investments in renewable energy facilities and awareness regarding the need to reduce energy losses encourage the adoption of technologically improved equipment across the globe. And market players are emphasizing providing equipment at competitive prices.



  • Others


The others segment includes military and agriculture industry. Global power T&D equipment supplying power and thermal loads are required for barracks, training facilities, buildings, medical centers, and other staff supporting buildings. T&D equipment are expected to witness high demand in the coming days. Due to lockdown, there is a decline in supply. Increased investments in renewable energy and technological advancements propel the market for T&D equipment across the globe.


Regional Analysis:



  • North America


North America is one of the prominent regional markets for power T&D equipment, owing to an increase in the share of renewable energy sources and a growing need for upgrading the T&D networks in the region. The region is experiencing high investment in energy efficiency due to decreasing technology prices and third-party energy efficiency programs. As per North American Utility Energy Efficiency Program Implementation, the annual spending on energy efficiency is projected to reach USD 11.3 billion by 2028, thus driving the market for power T&D equipment. Moreover, data centers require a continuous and reliable power supply for the effective and uninterrupted functioning of computing and networking equipment of the data center, which leads to an increase in the demand for Power T&D equipment in data centers. Hence, the significant increase in power demand and the increasing number of data centers lead to the demand for Power T&D equipment in this region during the forecast period.



  • Europe


The Europe Power T&D equipment market is expected to witness significant growth during the forecast period due to the market's expansion through a rise in industrial growth, aging infrastructure, which leads to investment in smart grids, rising production of electricity, and growing demand for green energy. Besides, the region is expanding its T&D network due to new electricity addition in the grid. The region generated 3901.3 TWh in 2017, which accounted for around a 2% increase in total energy generation from the previous year. These factors are driving towards increasing demand for Power T&D equipment from Europe



  • Asia-Pacific


The continuous need to update and upgrade existing transmission and distribution infrastructure to serve the growing demand for electricity will lead to a growth of the Power T&D equipment market over the forecast period. In the emerging economies of Asia-Pacific, extensive power plant capacity additions, economic growth, and the need to improve access to electricity are driving grid expansion and the Power T&D equipment market.



  • Middle East & Africa


Middle East countries are currently focusing on increasing their power generating capacity through investments in renewable energy resources. Countries like Israel, Jordan, UAE, and Saudi Arabia are increasingly investing in solar energy to ensure energy security and potentially become electricity exporters. All the major Middle Eastern economies are also primarily focusing on grid expansion to withstand the growing demand for energy in the region.Most African nations are currently witnessing economic growth due to huge foreign investments in the developing industrialization sector and expanding energy generation capacity through renewable resources.



  • South America


The region includes potential power transmission countries such as Brazil, Argentina, Chile, Mexico, and Peru. The electricity sector in Brazil is the largest in South America. The currently installed capacity is about 150 GW. Since 1970, the electricity sector in Brazil grew with an average yearly growth of 5.8% per year. The current investment in the renewable sector is creating a wide scope for the development of the Power T&D equipment market in Brazil.


Competitive Landscape:


The global Power T&D Equipment market is characterized by the presence of many local, regional, and global vendors. The market is highly competitive, with all the players continually competing to gain a larger market share. High competition, rapid technological advancements, frequent changes in government policies, and stringent environmental regulations are critical factors that could restrain the market growth. The vendors compete in terms of cost, product quality, reliability, and aftermarket services. Vendors must provide cost-effective and efficient products to survive and succeed in a competitive market environment.


The growth of the vendors is dependent on market conditions, government support, and industrial development. Thus, the vendors should focus on expanding their presence and improving their service. Hitachi ABB Power Grids (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton Corporation (Ireland), Mitsubishi Electric Corporation (Japan), Hammond Power Solutions (Canada), Toshiba Corporation (Japan), General Electric (US), TE Connectivity (Switzerland), Powell Industries Inc. (US), Fuji Electric Co. Ltd (Japan), Bharat Heavy Electricals Limited (BHEL) (India), Chint Group (China), Basler Electric Company (US), CG Power and Industrial Solutions Limited (India), G&W Electric (US), S&C Electric (US), Itron (US), Landis+GYR (Switzerland) are some of the key players operating in the global market.


Recent Developments



  • The increasing investments in the global infrastructure will add to the power T&D equipment market value. The rising investments in electric T&D for infrastructure are subject to constant transformation for the developing infrastructure. These inflows are likely to replace aging infrastructure, enable market efficiencies, maintain reliability, and help in global policy objectives like reducing greenhouse gas in the following two decades.

  • North America will head the power T&D equipment market as it sees a rise in the share of renewable energy sources, growing need for upgrading the T&D networks, high investments in energy efficiency owing to decreasing technology prices & third-party energy efficiency programs, Also, the concept of data centers needing a reliable and continuous power supply for the uninterrupted and effective functioning of computing and networking equipment of the data center, the increasing need for power T&D equipment in data centers are adding to the global power T&D equipment market growth in the region.


Report Overview:


The report for the global Power T&D Equipment marketof MRFRresearch covers extensive primary research. This is accompanied bya detailed analysis of qualitative and quantitative aspects by various industry experts.


Segmentation Table:


By Type               



  • Transformer

  • Switchgear

  • Circuit Breaker

  • Inductor & Capacitors

  • Meters

  • Fuses & Equipment


By Application


  • Utility

  • Commercial

  • Residential

  • Industrial

  • Others


By Region


  • North America

  • Europe

  • Asia-Pacific

  • Middle East & Africa

  • South America



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   7.35% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Hitachi ABB Power Grids (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton Corporation (Ireland), Mitsubishi Electric Corporation (Japan), Hammond Power Solutions (Canada), Toshiba Corporation (Japan), General Electric (US), TE Connectivity (Switzerland), Powell Industries Inc. (US), Fuji Electric Co. Ltd (Japan), Bharat Heavy Electricals Limited (BHEL) (India), Chint Group (China), Basler Electric Company (US), CG Power and Industrial Solutions Limited (India), G&W Electric (US), S&C Electric (US), Itron (US), Landis+GYR (Switzerland)
  Key Market Opportunities   Aging T&D Infrastructure in Developing Countries
  Key Market Drivers

  • Rising Demand for Electricity
  • Growing Investments in T&D Infrastructure


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    Frequently Asked Questions (FAQ) :

    The global power T&D equipment market size will grow at a favorable 7.35% CAGR by 2030

    The forecast period for Power T&D Equipment market research report is 2022-2030.

    Global Power T&D Equipment market is dominated by APAC region.