Global Electric Power Transmission, Control, And Distribution Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Electric Power Transmission, Control, And Distribution Market Report by The Business Research Company covers electric power transmission, control, and distribution market drivers and restraints, electric power transmission, control, and distribution market size, major players, and the impact of COVID-19 on the electric power transmission, control, and distribution market.
The electric power transmission, control, and distribution market consists of sales of electric power by entities (organizations, sole traders and partnerships) that operate electric power transmission systems, control (i.e., regulate voltages) the transmission of electricity, and/or distribute electricity. The transmission system includes lines and transformer stations. Establishments in this market arrange, facilitate, or coordinate the transmission of electricity from the generating source to the distribution centers, other electric utilities, or final consumers. The distribution system consists of lines, poles, meters, and wiring that deliver the electricity to final consumers.
The increasing applications of electricity in the transportation industry are expected to increase the demand for electricity, driving the power generation market. The global electric power transmission, control, and distribution market is expected to grow from $2.13 trillion in 2020 to $2.28 trillion in 2021 at a compound annual growth rate (CAGR) of 6.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3.04 trillion in 2025 at a CAGR of 7%.
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Some electric power transmission, control, and distribution market trends include evolving from traditional electricity generation models to new business models such as distributed generation models to cut costs and improve transmission and distribution efficiencies. Distributed generation refers to localized power generation using solar panels and other low-cost technologies to produce electricity close to the point of consumption.
Global electric power transmission, control, and distribution market segments include:
1) By Type: Electric Power Distribution, Electric Bulk Power Transmission And Control.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global electric power transmission, control, and distribution market, accounting for 45% of the market.
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The Electric Power Transmission, Control, And Distribution Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides electric power transmission, control, and distribution market overviews, analyzes and forecasts market size, share, electric power transmission, control, and distribution market players, electric power transmission, control, and distribution market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The electric power transmission, control, and distribution market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Electric Power Transmission, Control, And Distribution Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Duke Energy, Engie SA, National Grid, NextEra, Electricity de France.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Electric Power Transmission, Control, And Distribution Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Electric Power Transmission, Control, And Distribution Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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