Transmission & Distribution Market Outlook to 2023 | Industry Is Booming with a High CAGR in Coming Years | Business Opportunities, Recent Developments, Current Trends
Transmission & Distribution Market relate to the various stages of transporting energy from generators to a home or business via poles and wires. The voltage level at which electricity moves in each stage is the primary difference between the two. After power is generated, it is transported from the generator to our homes and businesses via a network of electrical cables. The Global Transmission & Distribution Market size was valued at USD 200.7 billion in 2021 and is expected to grow by USD 274.4 billion in 2030 at a CAGR of 4.11% during the forecast period.
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LIST OF KEY
COMPANIES PROFILED: EDF Group Enel Spa Iberdrola, S.A. Exelon Corporation Mitsubishi Electric Corporation ABB
SEGMENTATION
By Type Equipment Services
By Type Equipment Services
By End-user
By End-user
Utility Industrial Residential & Commercial
Utility Industrial Residential & Commercial
By Region
North America- U.S., Mexico, Canada Europe- UK, France, Germany, Italy, Spain, Rest of Europe Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific South America- Brazil, rgentina, Colombia, Rest of South America The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa
REGIONAL INSIGHTS
The Global Transmission and Distribution Market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America is expected to account for the majority of the market during the projected period due to demand from the oil and gas sectors. The oil and gas industry in the United States has shown a lot of interest and acceptability for cloud-based fault detection. Transmission fault detection lines have gained popularity as a result of their precise, robust, and efficient approach, propelling the transmission and distribution industry share in North America to new heights.
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