Report overview
Smart T&D equipment transfers electricity from the transmission system to the consumer delivery point. Such equipment improves the overall efficiency of the smart grid, minimizes technical losses, improves O&M, and improves the longevity of the T&D equipment, deferring the investment and allowing grid operators to monitor and control the functions of the grid from a remote location. Smart T&D equipment includes reclosers, fault current indicators, automated switches, Volt-VAR control equipment, synchrophasor, and HVDC, among Others.
This report aims to provide a comprehensive presentation of the global market for Smart Grid T&D Equipment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Grid T&D Equipment. This report contains market size and forecasts of Smart Grid T&D Equipment in global, including the following market information:
Global Smart Grid T&D Equipment Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global Smart Grid T&D Equipment Market Sales, 2018-2023, 2024-2030, (Units)
Global top five Smart Grid T&D Equipment companies in 2022 (%)
The global Smart Grid T&D Equipment market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The global smart grid transmission and distribution (T&D) equipment market to grow at a CAGR of more than 13.5% over the forecast period. One of the primary factors driving the growth of this market is the rapid modernization of grid. An aging power infrastructure, need for mitigation of cybersecurity risk, and the addition of new resources to the grid have resulted in the electricity and power sector to find ways to make the grid more reliable and flexible to suit the rapid changes in the supply and demand. This has led to the modernizing of the grid by implementing smart grids that use digital and information technology to manage the power flow efficiently. Moreover, according to the International Energy Agency significant investments are made for the refurbishment and replacement of the T&D infrastructure, thereby propelling the growth prospects for this market in the coming years.
We surveyed the Smart Grid T&D Equipment manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Smart Grid T&D Equipment Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (Units)
Global Smart Grid T&D Equipment Market Segment Percentages, by Type, 2022 (%)
Transmission Equipment
Distribution Equipment
Global Smart Grid T&D Equipment Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (Units)
Global Smart Grid T&D Equipment Market Segment Percentages, by Application, 2022 (%)
Power Station
Transformer Substation
Others
Global Smart Grid T&D Equipment Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (Units)
Global Smart Grid T&D Equipment Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Smart Grid T&D Equipment revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Smart Grid T&D Equipment revenues share in global market, 2022 (%)
Key companies Smart Grid T&D Equipment sales in global market, 2018-2023 (Estimated), (Units)
Key companies Smart Grid T&D Equipment sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
GE-Alstom Grid
Eaton
Schneider Electric
Siemens
Emerson
Omron
Prysmian
Aclara
NARI Group
Mitsubishi
S & C Electric
Chint Group
Outline of Major Chapters:
Chapter 1: Introduces the definition of Smart Grid T&D Equipment, market overview.
Chapter 2: Global Smart Grid T&D Equipment market size in revenue and volume.
Chapter 3: Detailed analysis of Smart Grid T&D Equipment manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Smart Grid T&D Equipment in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Smart Grid T&D Equipment capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
