Learn about the global electric power transmission, control, and distribution market through The Business Research Company, which provides information on electric power transmission, control, and distribution market size, electric power transmission, control, and distribution market drivers and restraints, electric power transmission, control, and distribution market players, the COVID-19 impact on the electric power transmission, control, and distribution market, and more.

The global electric power transmission, control, and distribution market size is expected to grow from $2,477.75 billion in 2021 to $2,669.96 billion in 2022 at a compound annual growth rate (CAGR) of 7.8%. The growth in the electric power transmission, control, and distribution market 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 electric power transmission, control, and distribution market is expected to reach $3,470.07 billion in 2026 at a CAGR of 6.8%. The increasing applications of electricity in the transportation industry are expected to increase the electricity demand, driving the power generation market.

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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.

Global Electric Power Transmission, Control, And Distribution Market Segments Include:

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 was the largest region in the global electric power transmission, control, and distribution market in 2020.

Utility business models are continuously 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. Consumers are switching to more cost-effective and controlled distributed generation networks, therefore electric power generation companies should now focus on distributed generation rather than a centralized electricity generation model. Also, many companies are using new revenue models and incentives instead of traditional cost-of-service models.

TBRC’s electric power transmission, control, and distribution market report covers:

Major Market Players: Tokyo Electric Power Co Holdings Incorporated; Korea Electric Power Corporation; Iberdrola; Electricite De France SA; and E.ON SE.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Electric Power Transmission, Control, And Distribution Global Market Report 2022:  Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provides electric power transmission, control, and distribution market overviews, analyses and forecasts market size, share, electric power transmission, control, and distribution market players, electric power transmission, control, and distribution market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s 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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