The electric power transmission, control, and distribution global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Electric Power Transmission, Control, And Distribution Market, 2024 report by
The Business Research Company offers comprehensive insights into the current
state of the market and highlights future growth opportunities.
Market Size -
The electric power transmission, control, and distribution market size has
grown strongly in recent years. It will grow from $2861.55 billion in 2023 to
$3034.74 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The
growth in the historic period can be attributed to electrification,
population growth, urbanization, industrialization, grid modernization.
The electric power transmission, control, and distribution market size is
expected to see strong growth in the next few years. It will grow to $3740.2
billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be
attributed to renewable energy integration, energy storage, electrification of
transportation, grid resilience and security, decentralization. Major trends in
the forecast period include smart grids, distributed energy resources (ders),
grid digitalization, electrification of heating and cooling, resilience and
microgrid development.
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Scope Of Electric Power Transmission, Control, And Distribution Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Electric Power Transmission, Control, And Distribution Market Overview
Market Drivers -
The increasing applications of electricity in the transportation industry are
expected to increase the electricity demand, driving the power generation
market. The electrification of railways in underdeveloped and developing
countries; the setting up of public transportation networks such as rapid metro
transit systems; and the increasing use of electric vehicles in developed
countries will create significant opportunities for power generation companies
in the market. For instance, to attain net-zero carbon emissions, the Office of
Rail and Road (ORR) estimates that 13,000 track kilometers – or about 450km per
year – of the track will need to be electrified by 2050 in the UK, and 179 km
kilometers were electrified between 2020 and 2021. According to the Edison
Electric Institute (EEI), annual electric vehicle sales in the USA are expected
to surpass 1.2 million by 2025. Electric vehicles are expected to account for
9% of the global electricity demand by 2050. Hence, the growing applications of
electricity in the transportation industry will further drive the electric
power transmission, control, and distribution market.
The electric power transmission, control, and distribution market covered in
this report is segmented –
1) By Type: Electric Power Distribution, Electric Bulk Power Transmission And
Control
2) By Distribution Channel: Online, Offline
3) By Application: Government, Commercial, Residential
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distribution market, Request now for Sample Report @
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Regional Insights -
Asia-Pacific was the largest region in the electric power transmission,
control, and distribution market in 2023. Western Europe was the second largest
region in the electric power transmission, control, and distribution market.
The regions covered in the electric power transmission, control, and
distribution market report are Asia-Pacific, Western Europe, Eastern Europe,
North America, South America, Middle East, and Africa.
Key Companies -
Major companies operating in the electric power transmission, control, and
distribution market include Tokyo
Electric Power Co Holdings Incorporated, Korea Electric Power Corporation,
Iberdrola SA, Electricite De France SA, E.ON SE, American Electric Power Co
Inc., Ameren Corporation, American Transmission Co, Avangrid Inc., Berkshire
Hathaway Inc., Black & Veatch Corp, Schneider Electric SE, Burns &
Mcdonnell Engineering India Private Ltd., Dominion Energy Inc., Duke Energy
Corporation, Southern California Edison Company, Engie SA, Exelon Corporation,
Great Southwestern Construction Inc., R. & J Electric LLC, National Grid
Plc, NextEra Energy Inc., NRG Energy Inc., Oncor Inc., Pacific Gas and Electric
Company, PAR Electrical Contractors LLC., PPL Electric Utilities Corporation,
Power Engineers Company, Power Consulting Associates LLC, Quanta Services Inc.,
Sargent & Lundy LLC, Southwestern Public Service Company, Tennessee Valley
Authority, Western Area Power Administration Company.
Table of Contents
1. Executive Summary
2. Electric Power Transmission, Control, And Distribution Market Report
Structure
3. Electric Power Transmission, Control, And Distribution Market Trends And
Strategies
4. Electric Power Transmission, Control, And Distribution Market – Macro
Economic Scenario
5. Electric Power Transmission, Control, And Distribution Market Size And
Growth
…..
27. Electric Power Transmission, Control, And Distribution Market Competitor
Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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