Utilities

Power Infrastructure Market 2025–2029: Strategic Opportunities and Growth Insights

October 14, 2025 by The Business Research Company

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What Are The Market Size Estimates For The Power Infrastructure Market Now And By 2029?

The market size of the power infrastructure sector has seen significant increase in the last few years. The projection is that it will rise from $1474.16 billion in 2024 to $1559.08 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%. The surge in the historical phase can be credited to factors such as the escalated demand for electricity in urban zones, burgeoning industrialization in developing economies, increased use of domestic devices, growth in power generation via fossil fuels, and the proliferation of rural electrification initiatives.

In the upcoming years, the power infrastructure market is predicted to witness robust expansion, with an estimation to reach $1923.52 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. This growth during the forecast period is primarily driven by the surge in electric vehicle charging stations, increased utilization of renewable energy, high demand for reliable electricity, broadening of smart grid networks, and heightened energy use in data centers. The emerging trends anticipated during this timeframe consist of advancements in grid management technology, innovations in energy storing solutions, R&D in microgrids, the progression of digital substations, and pioneering efforts in transmission automation technology.

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Which Long-Term Drivers Are Expected To Sustain The Power Infrastructure Market?

The growth of the power infrastructure market is likely to be fueled by the escalating adoption of renewable energy. This type of energy, derived from naturally replenishing resources such as sunlight, wind and water, is on the rise, driven by environmental concerns that push governments and industries to embrace less polluting sources and reduce carbon emissions. Power infrastructure plays a crucial role in supporting renewable energy, as it permits efficient transmission, storage, and harmonization of fluctuating energy sources such as solar and wind into the grid. This guarantees a dependable and constant energy supply. For instance, as per the European Commission – a Belgium-based governing authority – in 2023, the proportion of renewable energy in the EU’s overall energy consumption was 24.5%. This marked a jump from 23.0% in the previous year, 2022. Consequently, the continued uptake of renewable energy is stimulating the expansion of the power infrastructure market.

How Is The Power Infrastructure Market Classified By Different Segments?

The power infrastructure market covered in this report is segmented –

1) By Type: Renewable, Non-Renewable

2) By Component: Generation, Transmission, Distribution

3) By Application: Industrial Power, Commercial Power, Residential Power

4) By End-User: Utilities, Independent Power Producers, Government, Other End-Users

Subsegments:

1) By Renewable: Solar Power, Wind Power, Hydropower, Biomass Energy, Geothermal Energy, Ocean Energy

2) By Non-Renewable: Coal-Based Power, Natural Gas Power, Nuclear Power, Oil-Based Power

What Current And Upcoming Trends Are Shaping The Power Infrastructure Market?

Renowned firms in the power infrastructure market are concentrating on devising innovative solutions like improved battery energy storage systems, to boost power grid dependability and energy performance. These storage systems are sophisticated solutions conceived to keep substantial quantities of electricity in a convenient, scalable manner, encouraging better assimilation of renewable energy and more versatile energy management. To illustrate, Powin Corporation, an energy storage tech company located in the U.S., introduced the Powin Pod, a futuristic pod platform, in May 2024. This updated platform purveys an energy density rise of 50% compared to the company’s earlier Centipede platform, incorporates elite safety precautions such as liquid cooling and complies with rigorous fire prevention norms, and ensures superior cost-efficiency and reliability for its clientele. The Pod is part of a comprehensive solution, comprising Powin’s exclusive software and long-term service, and is open for worldwide orders today with the initial deliveries expected to start in mid-2025, followed by the commencement of manufacturing in the U.S. in 2026.

Who Are The Primary Market Leaders In The Power Infrastructure Market?

Major companies operating in the power infrastructure market are Hitachi Ltd., General Electric Company, Mitsubishi Electric Corporation, Siemens Energy, ABB Ltd., Eaton Corporation, Aptiv PLC, Quanta Services Inc., Prysmian Group, TBEA Co. Ltd., Nexans S.A, Tata Power Company Limited, NexTier Oilfield Solutions, Suzlon Energy Ltd., CG Power and Industrial Solutions Limited, Powell Industries Inc., Hexagon Purus, Efacec Power Solutions, Powin Energy, ENGIE UK

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Which Regional Markets Are Emerging As Key Centers For The Power Infrastructure Market?

Asia-Pacific was the largest region in the power infrastructure market in 2024. The regions covered in the power infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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