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The Electric Power Transmission Equipment industry can be broken down into several segments, Transformers, Switchgear, etc.
Transmission of electric power is transfer of bulk electrical energy to substations from power generating plants. Electrical transmission is distinct from electrical distribution, in terms of carrying large quantities of high voltage power over large distances; thus there are differences in the equipment used for each. In this report, products demanded are transformers and switchgear and many other products.
Market Analysis and Insights: Global Electric Power Transmission Equipment Market
Due to the COVID-19 pandemic, the global Electric Power Transmission Equipment market size is estimated to be worth US$ 23040 million in 2022 and is forecast to a readjusted size of US$ 27990 million by 2028 with a CAGR of 3.3% during the review period. Fully considering the economic change by this health crisis, Transformers accounting for % of the Electric Power Transmission Equipment global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Fossil Fuel Fired Power segment is altered to an % CAGR throughout this forecast period.
The global electric power transmission equipment industry mainly concentrates in North America, Europe, Asia-pacific. Asia-Pacific occupied the largest revenue market share with about 41% in 2019. It is followed by Europe and North America, while other regions have smaller market.
For the major players of Electric Power Transmission Equipment, Hitachi (ABB) maintained its first place in the ranking in 2019, followed by Siemens, GE, Schneider Electric and Eaton, The top 5 players accounts for about 56% of global market value.
In terms of production side, this report researches the Electric Power Transmission Equipment capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Electric Power Transmission Equipment by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Electric Power Transmission Equipment Scope and Segment
Electric Power Transmission Equipment market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Electric Power Transmission Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Transformers
Switchgear
Others
Segment by Application
Fossil Fuel Fired Power
Renewable Energy
Others
By Company
Hitachi (ABB)
Siemens
GE
Schneider Electric
Eaton
BHEL
TBEA
HYOSUNG
China XD Group
Mitsubishi Electric
Toshiba
Crompton Greaves
SPX Transformer Solutions
Fuji Electric
Shanghai Electric
Baoding Tianwei
Production by Region
North America
Europe
China
Japan
India
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Transmission of electric power is transfer of bulk electrical energy to substations from power generating plants. Electrical transmission is distinct from electrical distribution, in terms of carrying large quantities of high voltage power over large distances; thus there are differences in the equipment used for each. In this report, products demanded are transformers and switchgear and many other products.
Market Analysis and Insights: Global Electric Power Transmission Equipment Market
Due to the COVID-19 pandemic, the global Electric Power Transmission Equipment market size is estimated to be worth US$ 23040 million in 2022 and is forecast to a readjusted size of US$ 27990 million by 2028 with a CAGR of 3.3% during the review period. Fully considering the economic change by this health crisis, Transformers accounting for % of the Electric Power Transmission Equipment global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Fossil Fuel Fired Power segment is altered to an % CAGR throughout this forecast period.
The global electric power transmission equipment industry mainly concentrates in North America, Europe, Asia-pacific. Asia-Pacific occupied the largest revenue market share with about 41% in 2019. It is followed by Europe and North America, while other regions have smaller market.
For the major players of Electric Power Transmission Equipment, Hitachi (ABB) maintained its first place in the ranking in 2019, followed by Siemens, GE, Schneider Electric and Eaton, The top 5 players accounts for about 56% of global market value.
In terms of production side, this report researches the Electric Power Transmission Equipment capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Electric Power Transmission Equipment by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Electric Power Transmission Equipment Scope and Segment
Electric Power Transmission Equipment market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Electric Power Transmission Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Transformers
Switchgear
Others
Segment by Application
Fossil Fuel Fired Power
Renewable Energy
Others
By Company
Hitachi (ABB)
Siemens
GE
Schneider Electric
Eaton
BHEL
TBEA
HYOSUNG
China XD Group
Mitsubishi Electric
Toshiba
Crompton Greaves
SPX Transformer Solutions
Fuji Electric
Shanghai Electric
Baoding Tianwei
Production by Region
North America
Europe
China
Japan
India
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
