The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The growing investment in power generation are expected to drive innovation in electric power generation, transmission, and distribution manufacturing, thus driving the market during the forecast period.

The global electric power generation, transmission, and distribution market is expected to grow from $4,478.61 billion in 2022 to $4,796.70 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The electric power generation, transmission, and distribution market is expected to grow to $6,180.66 billion in 2027 at a compound annual growth rate (CAGR) of 6.5%.

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

• By Type: Electric Power Transmission, Control, And Distribution, Power Generation
• By End-User: Residential, Commercial, Industrial
• By Type of Operator: Public Operator, Private Operator
• Subsegments Covered: Electric Power Distribution, Electric Bulk Power Transmission And Control, Hydro Electricity, Fossil Fuel Electricity, Nuclear Electricity, Solar Electricity, Wind Electricity, Geothermal Electricity, Biomass Electricity, Other Electricity
• 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 generation, transmission, and distribution market in 2021.

Major Market Players in the electric power generation, transmission, and distribution market include Electricite De France SA, Enel SpA, Tokyo Electric Power Co Holdings Incorporated, E.ON SE, Korea Electric Power Corporation.

Electric power generation companies are increasingly using batteries to store solar energy during daylight hours. These energy-storage sites consist of large lithium-ion batteries. These batteries store enough energy to serve as a backup in case of fuel shortages. They are designed to absorb solar power and feed it back to the grid. These systems minimize the need for capital-intensive power generation plants, thereby enhancing transmission and distribution efficiencies and thus reducing operational costs. For instance, by 2025, the World Bank Group aims to fund 17.5-gigawatt hours (GWh) of battery storage, more than tripling the current 4-5 GWh installed across all developing nations.

The Electric Power Generation, Transmission, And Distribution Global Market Report 2023  provides a electric power generation, transmission, and distribution market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The electric power generation, transmission, and distribution market forecast analyzes electric power generation, transmission, and distribution market size, electric power generation, transmission, and distribution market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Electric power generation and transmission refer to the different stages of carrying electricity over poles and wires from generators to a home or a business. Electricity distribution refers to the activities of managing and operating electricity works in order to transmit electric energy from the transmission grids to electricity-using organizations and individuals.

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