Power Transmission Market By Component (Transformer, Circuit Breaker, Isolator, Insulator, Arrestor, Others), Voltage (132 kV, 220 kV, 440 kV, 660 kV, ≥ 765 kV), Current and Region Forecast to 2032
Report Description
The global Power Transmission market size was valued at USD 6,708.1 million in 2022, expanding at a CAGR of 22.3% from 2023-2032 to reach 36,901.7 Million USD in 2032.
Market Dynamics
The power Transmission market is expected to witness substantial growth over the forecast period. The expanding technological innovations and capital-intensive specifications are blamed for this increase. The adoption of efficient conductor technologies to improve and maintain parity across the networks has been prompted by grid sustainability, reliability, and the proliferation of microgrid networks, which will drive the commercial landscape. The major functional parameters driving technical adoption are high mechanical strength, iron losses, and flux leakage. A positive business environment will be further established by the quick development of cross-border interconnection networks and continued improvements in the implementation of smart grid infrastructures.
The demand for the product will increase as a result of rising energy demand and rising investments in the installation and restoration of grid infrastructure networks. A paradigm change in favor of the installation of dependable electric supply components will accelerate the demand for power transmission components. The industry outlook will be fueled by the ongoing integration of sustainable and renewable resources as well as the rising demand for reliable electricity supply. Additionally, encouraging government rules on energy-efficient technologies will assist industry growth.
Regional Insights
Europe held the largest revenue share in the market for power transmission components in 2022. The market size will be aided by government initiatives that encourage the use of cutting-edge, energy-efficient technologies together with the incorporation of renewable energy sources. Additionally, to meet the numerous energy efficiency goals set by government authorities, conventional grid infrastructures need constant renovation and upkeep, which increases industry potential. The penetration of the product will increase due to the ongoing grid infrastructure upgrades and the rapid implementation of utility-based transmission networks. The dynamics of the business will be boosted by strict energy efficiency regulations and the advancement of smart control and monitoring technology. Additionally, the continuing development of high-tension DC networks will stimulate growth. The market environment will be favored by a good perspective on energy-efficient components to reduce cumulative losses.
Segment Dynamics
The Power Transmission market is fragmented into the component, voltage, and current segments. Based on the component, the transformer segment is anticipated to dominate the market. By voltage, the 220 segment is projected to grow at the highest CAGR during the forecast period. By current, the HVAC segment is expected to hold the majority of the market share.
Competitive Insights
The Power Transmission market is highly competitive in nature with the presence of local & international players. Major players are actively engaged in strategic collaborations, and new product launches to remain competent. For instance, in July 2022, ABB signed a definitive agreement to sell its mechanical power transmission (Dodge) business to RBC Bearings Incorporated for US$2.9 billion in cash
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- ABB
- Siemens
- Schneider
- Emerson
- General Electric
- Eaton
- Crompton Greaves
- Toshiba
- Sterlite
- Hitachi
Component Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Transformer
- Circuit Breaker
- Isolator
- Insulator
- Arrestor
- Others
Voltage Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- 132 kV
- 220 kV
- 440 kV
- 660 kV
- ≥ 765 kV
Current Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- HVAC
- HVD
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)
Table Of Content
TABLE OF CONTENT
1. Power Transmission Market Overview
1.1. Product Overview and Scope of Power Transmission
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Power Transmission Market Size Growth Rate Analysis by Component, 2022 VS 2032
1.3.1. Transformer
1.3.2. Circuit Breaker
1.3.3. Isolator
1.3.4. Insulator
1.3.5. Arrestor
1.3.6. Others
1.4. Global Power Transmission Consumption Comparison by Voltage: 2022 VS 2032
1.4.1. 132 kV
1.4.2. 220 kV
1.4.3. 440 kV
1.4.4. 660 kV
1.4.5. ≥ 765 kV
1.5. Global Power Transmission Consumption Comparison by Current: 2022 VS 2032
1.5.1. HVAC
1.5.2. HVD
1.6. Global Power Transmission Market Size Estimates and Forecasts by Region: 2022 VS 2032
1.6.1. North America Power Transmission Estimates
1.6.2. Europe Power Transmission Estimates
1.6.3. China Power Transmission Estimates
1.6.4. Japan Power Transmission Estimates
2. Market Competition by Manufacturers
2.1. Global Power Transmission Revenue Market Share by Manufacturers (2020)
2.2. Power Transmission Market Share by Company Component (Tier 1, Tier 2 and Tier 3)
2.3. Global Power Transmission Average Price by Manufacturers (2018-2022)
2.4. Manufacturers Power Transmission Production Sites, Area Served, Product Types
2.5. Power Transmission Market Competitive Situation and Trends
2.5.1. Power Transmission Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Power Transmission Consumption by Region (2018-2022)
3.1. Global Power Transmission Consumption by Region
3.2. Global Power Transmission Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Power Transmission Consumption Growth Rate (2018-2022)
3.2.3. North America Power Transmission Consumption, Price and Gross Margin (2018-2022)
3.2.4. North America Power Transmission Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Power Transmission Consumption Growth Rate (2018-2022)
3.2.7. Europe Power Transmission Consumption, Price and Gross Margin (2018-2022)
3.2.8. Europe Power Transmission Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Power Transmission Consumption Growth Rate (2018-2022)
3.2.11. Asia Pacific Power Transmission Consumption, Price and Gross Margin (2018-2022)
3.2.12. Asia Pacific Power Transmission Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Power Transmission Consumption Growth Rate (2018-2022)
3.2.15. South America Power Transmission Consumption, Price and Gross Margin (2018-2022)
3.2.16. South America Power Transmission Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Power Transmission Consumption Growth Rate (2018-2022)
3.2.19. Middle East and Africa Power Transmission Consumption, Price and Gross Margin (2018-2022)
3.2.20. Middle East and Africa Power Transmission Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Power Transmission Consumption by Component (2018-2022)
4.1. Global Power Transmission Price by Component (2018-2022)
4.2. Global Power Transmission Revenue Market Share by Component (2018-2022)
4.2.1. Transformer
4.2.2. Circuit Breaker
4.2.3. Isolator
4.2.4. Insulator
4.2.5. Arrestor
4.2.6. Others
5. Global Power Transmission Consumption by Voltage (2018-2022)
5.1. Global Power Transmission Price by Voltage (2018-2022)
5.2. Global Power Transmission Revenue Market Share by Voltage (2018-2022)
5.2.1. 132 kV
5.2.2. 220 kV
5.2.3. 440 kV
5.2.4. 660 kV
5.2.5. ≥ 765 kV
6. Global Power Transmission Consumption by Current (2018-2022)
6.1. Global Power Transmission Price by Current (2018-2022)
6.2. Global Power Transmission Revenue Market Share by Current (2018-2022)
6.2.1. HVAC
6.2.2. HVD
7. Key Companies Profiled
7.1. ABB Ltd
7.1.1. ABB Ltd Power Transmission Corporation Information
7.1.2. ABB Ltd Power Transmission Product Portfolio
7.1.3. ABB Ltd Power Transmission Consumption, Price and Gross Margin (2018-2022)
7.1.4. ABB Ltd Main Business and Markets Served
7.1.5. ABB Ltd Recent Developments/Updates
7.2. Siemens
7.3. Schneider
7.4. Emerson
7.5. General Electric
7.6. Eaton
7.7. Crompton Greaves
7.8. Toshiba
7.9. Sterlite
7.10. Hitachi
8. Marketing Channel, Distributors and Customers
8.1. Marketing Channel
8.2. Power Transmission Distributors List
8.3. Power Transmission Customers
9. Market Dynamics
9.1. Power Transmission Industry Trends
9.2. Power Transmission Growth Drivers
9.3. Power Transmission Market Challenges
9.4. Power Transmission Market Restraints
10. Global Power Transmission Consumption and Demand Forecast, by Region (2023-2032)
10.1. Global Forecasted Demand Analysis of Power Transmission, by Regions and Country
10.1.1. North America Forecasted Consumption of Power Transmission by Country
10.1.2. Europe Market Forecasted Consumption of Power Transmission by Country
10.1.3. Asia Pacific Market Forecasted Consumption of Power Transmission by Region
10.1.4. Latin America Forecasted Consumption of Power Transmission by Country
10.1.5. Middle East and Africa Forecasted Consumption of Power Transmission by Country
11. Global Power Transmission Consumption and Demand Forecast, by Component Segments (2023-2032)
11.1. Global Forecasted Consumption of Power Transmission by Component Segments (2023-2032)
11.2. Global Consumption and Price Forecast by Component Segments (2023-2032)
11.3. Global Forecasted Growth Rate of Power Transmission by Component Segments (2023-2032)
12. Global Power Transmission Consumption and Demand Forecast, by Voltage Segments (2023-2032)
12.1. Global Forecasted Consumption of Power Transmission by Voltage Segments (2023-2032)
12.2. Global Consumption and Price Forecast by Voltage Segments (2023-2032)
12.3. Global Forecasted Growth Rate of Power Transmission by Voltage Segments (2023-2032)
13. Global Power Transmission Consumption and Demand Forecast, by Current Segments (2023-2032)
13.1. Global Forecasted Consumption of Power Transmission by Current Segments (2023-2032)
13.2. Global Consumption and Price Forecast by Current Segments (2023-2032)
13.3. Global Forecasted Growth Rate of Power Transmission by Current Segments (2023-2032)
14. Research Finding and Conclusion
15. Methodology and Data Source
15.1. Methodology/Research Approach
15.1.1. Research Programs/Design
15.1.2. Market Size Estimation
15.1.3. Market Breakdown and Data Triangulation
15.2. Data Source
15.2.1. Secondary Sources
15.2.2. Primary Sources
15.3. Author List
15.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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