North America Electric Power Transmission and Distribution Equipment Market is Expected to grow at a robust CAGR of 5.73% through 2030F
The
North America Electric Power Transmission and Distribution Equipment Market is
expected to be led by the United States due to its extensive infrastructure
modernization and investment in renewable energy integration, during the
forecast period 2026-2030F.
According
to TechSci Research report, “North
America Electric Power Transmission and Distribution Equipment Market – By Country,
Competition, Forecast & Opportunities, 2020-2030F, The North America Electric
Power Transmission and Distribution Equipment Market was valued at USD 87.05
Billion in 2024 and is expected to reach USD 121.59 Billion by 2030 with a CAGR
of 5.73% during the forecast period.
Technological
advancements in grid infrastructure are acting as a strong driver for the North
America Electric Power Transmission and Distribution Equipment Market. The
transition towards more intelligent and automated grids, known as smart grids,
is revolutionizing the way electricity is transmitted and distributed across
the region. Smart grids incorporate advanced sensors, real-time monitoring
systems, and automation to enable more efficient and reliable management of
electricity distribution. These technologies allow utilities to detect and
resolve issues more quickly, reduce energy losses, and improve overall grid
reliability. Smart grids also provide consumers with real-time data on energy
consumption, allowing them to make more informed decisions about their
electricity usage.
In
addition, technologies like high-voltage direct current (HVDC) transmission are
enabling more efficient long-distance electricity transfer, especially as the
integration of renewable energy sources requires new transmission paths.
Innovations in energy storage technologies, such as battery energy storage
systems, are further driving the demand for more advanced grid equipment by
facilitating energy storage for use during peak demand periods. This
technological evolution is being supported by both government incentives and
private sector investments.
A
prominent trend in the North America Electric Power
Transmission and Distribution Equipment Market is the growing emphasis on
building resilient infrastructure to withstand the impacts of climate change.
Extreme weather events, such as hurricanes, wildfires, and severe storms, have
become more frequent and intense in recent years, leading to widespread power
outages and infrastructure damage. In response to these challenges, utilities
are investing in the modernization of their transmission and distribution
systems to ensure greater resilience against natural disasters. This includes
upgrading power lines, transformers, and substations with more durable
materials and technologies that can withstand harsh weather conditions.
Utilities
are increasing their focus on burying power lines, especially in areas prone to
hurricanes or wildfires, to reduce the risk of damage from falling trees or
debris. In some regions, utilities are adopting more robust insulation systems,
enhanced surge protection, and advanced fault detection systems to minimize the
impact of severe weather events. The trend towards building more resilient
energy infrastructure is not only driven by the need to prevent power outages
but also by the need to ensure business continuity and public safety. With
climate change expected to continue intensifying the frequency and severity of
extreme weather events, the demand for resilient transmission and distribution
equipment will grow, positioning it as a central trend in the market.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "North America Electric Power Transmission and Distribution Equipment Market"
Based
on Sales Channel, Indirect Channel has emerged as the fastest-growing segment
in the North America Electric Power Transmission and Distribution Equipment
Market. This growth can be attributed to several factors, particularly the
expanding network of third-party distributors and retailers. Indirect channels,
such as wholesalers, resellers, and value-added distributors, play a crucial
role in increasing the market reach of electric power transmission and
distribution equipment. They provide manufacturers with an opportunity to tap
into regional markets and smaller customer bases that might be otherwise
difficult to reach through direct sales alone. The shift toward digitalization
in the supply chain, including online platforms and e-commerce, has further
accelerated the growth of the indirect channel. These platforms offer customers
easy access to a wide range of electric power equipment, including complex
systems such as transformers, switchgear, and cables.
As
utilities and industries increasingly outsource their equipment sourcing and
maintenance, they turn to trusted third-party distributors who can deliver
tailored solutions and services. The rise in infrastructure development, along
with the growing focus on upgrading power grids and enhancing energy
efficiency, continues to boost demand for transmission and distribution
equipment through indirect channels. These distributors, leveraging their
expertise and established networks, are positioned to drive this segment’s
growth well into the future.
Based
on country, Mexico is
quickly emerging as the fastest-growing country in the North America Electric
Power Transmission and Distribution Equipment Market. This growth is primarily
driven by significant investments in modernizing the country’s energy
infrastructure. Mexico is focusing on enhancing its electricity transmission
and distribution networks to meet increasing energy demands. The government is
committed to expanding and upgrading the power grid, with an emphasis on
improving grid reliability and efficiency.
The
increasing shift toward renewable energy sources, such as wind and solar,
further bolsters the need for advanced transmission and distribution systems.
Mexico's growing industrial base and urbanization are also contributing to the
rising demand for robust electricity infrastructure, making it a key market for
electrical equipment growth.
Key
market players in the North America Electric Power Transmission and
Distribution Equipment market are: -
- General
Electric Company
- Siemens
AG
- Eaton
Corporation plc
- Schneider
Electric SE
- ABB
Ltd.
- Mitsubishi
Electric Corporation
- Toshiba
Corporation
- Hitachi,
Ltd.
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“The
North America Electric Power Transmission and Distribution Equipment Market is
expected to experience steady growth in the future, driven by increasing demand
for reliable and efficient power infrastructure. The market will benefit from
the ongoing modernization and upgrade of aging power grids, along with the
expansion of renewable energy sources that require advanced transmission and
distribution solutions. Technological advancements in smart grids, automation,
and energy storage systems will also play a key role in enhancing efficiency
and reliability. The growing investments in sustainable energy and
infrastructure projects will further support market growth, ensuring a
resilient energy future for North America.” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based Global management consulting
firm.
“North America Electric Power Transmission and
Distribution Equipment Market By Product (Cables & Lines, Switchgear,
Transformers, Insulators & Fittings, Others), By Sales Channel (Direct
Channel, Indirect Channel), By Country, By Competition, Forecast and
Opportunities, 2020-2030F,”
has evaluated the future growth potential of North America Electric Power
Transmission and Distribution Equipment Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in North America Electric Power Transmission and Distribution
Equipment Market.
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