Power Generation, Transmission And Control Equipment Industry Anticipated to Expand at 4.3% CAGR During the Forecast Period

November 14, 2025 by The Business Research Company

Unlock Global Insights – Save 20% on Market Reports with Code ONLINE20

#What Is The Projected Market Size Of The Power Generation, Transmission And Control Equipment Market By 2029?

The dimensions of the power generation, transmission, and control equipment sector have seen consistent expansion lately, projected to escalate from its 2024 valuation of $530.76 billion to $550.01 billion by 2025, reflecting a consistent annual increase rate (CAGR) of 3.6%; this upward trend across the historical period stems from factors such as expanding industrial activity, the widening of electrical grids, initiatives aimed at bringing power to rural areas, advancements in nuclear energy capacity, and supportive governmental financial measures.

Anticipated in the coming years is a consistent expansion within the sector encompassing equipment for power generation, transmission, and control, projecting a valuation of $651.97 billion by 2029, driven by a consistent compound annual growth rate of 4.3%; this upward trajectory is fueled by several factors such as the proliferation of distributed energy resources, the build-out of infrastructure for electric vehicle recharging, increased focus on system resilience, general economic expansion, and the rising consumer appetite for intelligent household devices, while key developments shaping this timeframe involve the integration of digital technologies and Industry 4.0 principles, enhanced cybersecurity measures for essential systems, the adoption of mixed-source power setups, the application of artificial intelligence in managing electrical grids, and the implementation of technologies for capturing and storing carbon emissions.

Unlock Your Free Sample Report for Exclusive Market Data:

https://www.thebusinessresearchcompany.com/sample.aspx?id=3066&type=smp

Which Industry Drivers Are Expected To Accelerate The Power Generation, Transmission And Control Equipment Market From 2025 To 2029?

Elevated requirements for electrical energy are anticipated to be the primary catalyst driving expansion within the arena of hardware utilized for power creation, distribution, and regulation in the times ahead. Electricity, defined as energy derived from the presence of entities carrying an electric charge, be they stationary accumulations of charge or moving streams of electrons, sees its increasing consumption drawing in capital, fostering novel concepts, and leading toward the maturation of superior and more effective technological solutions, concurrently incentivizing further scientific inquiry and practical application work aimed at boosting the performance and dependability of necessary power infrastructure. As a concrete illustration, figures released in August 2023 by Exxon Mobil Corporation, an American enterprise focused on natural gas, projected that electricity consumption would increase by 1.8 percent annually, representing approximately half of this sector’s share by 2050. Consequently, this escalating need for electrical power is presently fueling the market’s upward trajectory for equipment used across power generation, transmission, and control stages.

What Are The Emerging Segments Gaining Attention In The Power Generation, Transmission And Control Equipment Market?

The power generation, transmission and control equipment market covered in this report is segmented –

1) By Type: Transformer, Electric Motor And Generator, Switchgear And Switchboard Apparatus, Relay And Industrial Controls

2) By Application: Residential, Commercial, Automotive, Other Applications

3) By End User Sector: Private, Public

Subsegments:

1) By Transformer: Power Transformer, Distribution Transformer, Instrument Transformer

2) By Electric Motor And Generator: AC Motors, DC Motors, Synchronous Generators, Asynchronous Generators

3) By Switchgear And Switchboard Apparatus: High Voltage Switchgear, Low Voltage Switchgear, Circuit Breakers, Disconnect Switches

4) By Relay And Industrial Controls: Electromechanical Relays, Solid State Relays, Programmable Logic Controllers (PLCs), Control Panels

What Trends Are Redefining The Power Generation, Transmission And Control Equipment Market Dynamics?

Leading entities within the electricity production, transfer, and regulation apparatus sector are prioritizing the development of novel apparatuses, notably the motor cooled by fluid mediums. This type of motor employs a flowing liquid to regulate its thermal state, thereby precluding excessive heat buildup and enhancing operational efficiency through the removal of surplus thermal energy via its integrated cooling apparatus. To illustrate this trend, during February of 2024, the firm ABB Ltd., headquartered in Switzerland and specializing in automation solutions, introduced its IE5 SynRM motor; this liquid-cooled variant combines the extremely efficient Synchronous Reluctance Motor architecture with superior liquid-based thermal regulation, yielding robust yet space-saving units capable of substantially decreasing both energy consumption and upkeep expenses, positioning them as superior replacements for older induction motor designs.

Who Are The Top Performing Companies In The Power Generation, Transmission And Control Equipment Market In Recent Years?

Major companies operating in the power generation, transmission and control equipment market include Hitachi Ltd., Siemens AG, General Electric Company, Caterpillar Inc., Schneider Electric SE, Mitsubishi Electric Corp., Honeywell International Inc., Mitsubishi Heavy Industries Ltd., ABB Ltd., Toshiba Corporation, Cummins Inc., Eaton Corporation, Larsen & Toubro Limited, Alstom SA, Nidec Corp., Rolls-Royce Holdings plc, Emerson Electric Co., Kawasaki Heavy Industries Ltd., Rockwell Automation Inc., Fuji Electric Co. Ltd., Wärtsilä Corporation, Bharat Heavy Electricals Limited, Bharat Electronics Limited, Crompton Greaves Ltd., Doosan Heavy Industries & Construction Co. Ltd.

Download The Full Report For Exclusive Market Findings:

https://www.thebusinessresearchcompany.com/report/power-generation-transmission-and-control-equipment-global-market-report

What Regional Growth Trends Are Shaping The Power Generation, Transmission And Control Equipment Market Outlook?

Asia-Pacific was the largest region in the power generation, transmission and control equipment market in 2024. Western Europe was the second largest region in the power generation, transmission and control equipment market. The regions covered in the power generation, transmission and control equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Request A Customized Version Of The Power Generation, Transmission And Control Equipment Market Report:

https://www.thebusinessresearchcompany.com/customise?id=3066&type=smp

Browse Through More Reports Similar to the Global Power Generation, Transmission And Control Equipment Market 2025, By The Business Research Company

Electrical Equipment Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/electrical-equipment-global-market-report

Natural Gas Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/natural-gas-global-market-report

Architectural Engineering Consultants And Related Services Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/architectural-engineering-consultants-and-related-services-global-market-report

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 310-496-7795

Asia +44 7882 955267 & +91 8897263534

Europe +44 7882 955267

Email us at [email protected]