Smart Grid Transmission and Distribution Equipment Market

“Smart Grid Transmission and Distribution Equipment Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the smart grid transmission and distribution equipment by product (HVDC, RTU, FACTS, Volt/VAR, Synchrophasor, and others); and by geography (North America, Europe, Asia-Pacific, Latin topical America and the Middle East & Africa). The report also analyses the competitive structure of the smart grid transmission and distribution equipment industry and provides the profiles of major players operating in the market. Some of these include ABB, GE-Alstom Grid, Prysmian, Schneider Electric, and Siemens. Smart grid transmission and distribution (T&D) equipment is used for transferring electricity between substations and electric utility transformers, which then deliver electricity to domestic, commercial, and industrial end-users. It includes fault current indicators, reclosers, Volt-VAR control equipment, automated switches, and synchrophasors.

Smart grid T&D equipment helps enhance the overall efficiency of the grid by reducing technical losses, improving operations and maintenance (O&M) functions, and allowing the operators to monitor and control the grid remotely. These benefits represent the primary factor driving the market growth. Furthermore, the growing need for a more flexible power supply system, modernization of grids, rapid urbanization and industrialization, and emerging automation trends across various industries are some of the other factors impacting the industry growth.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the smart grid transmission and distribution equipment market and can also impact its future growth. Taking 2021 as the base year, the report covers the historical market scenarios from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints, and recent developments have also been analyzed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the smart grid transmission and distribution equipment market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each of these regions, the report studies the smart grid transmission and distribution equipment market in detail for latest trends, outlook and opportunities. 

Segmentation by Product:

• High-voltage direct current (HVDC)
• Volt-Ampere Reactive (RTU)
• Flexible AC transmission system (FACTS)
• Volt-Ampere Reactive (VAR)
• Synchrophasors

Segmentation by Region:

• Asia-Pacific
• Europe
• Latin America
• North America
• Middle East & Africa

Competitive Landscape:

• ABB
• GE-Alstom Grid
• Prysmian
• Schneider Electric
• Siemens

The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the smart grid transmission and distribution equipment industry along with the parameters of porter’s five forces model. This model examines the degree of competition in the smart grid transmission and distribution equipment industry by analyzing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. Swot analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the smart grid transmission and distribution equipment industry. Furthermore, the value chain analysis of the smart grid transmission and distribution equipment industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing and sales of the products, and their distribution.

Highlights of The Smart Grid Transmission and Distribution Equipment Market

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the smart grid transmission and distribution equipment industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analyzed and presented in the form of easily comprehensible charts, graphs and tables.