Market Overview:
The global smart grid transmission and distribution equipment market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for electricity, rising concerns about energy security, and growing investments in smart grid infrastructure. The high-voltage direct current (HVDC) segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing demand for HVDC systems for long-distance transmission of electricity and their ability to provide an efficient solution for integrating renewable energy sources into grids. The power station segment is expected to hold the largest share of the global smart grid transmission and distribution equipment market in 2018.
Product Definition:
Smart Grid Transmission and Distribution Equipment refers to the technology used to manage and monitor the flow of electricity through the transmission and distribution systems. This equipment is important because it helps utilities improve system reliability, efficiency, and security.
High-Voltage Direct Current (HVDC):
HVDC is a type of electric power transmission technology that uses direct current (DC) as the source of energy. It can be used to transmit bulk power with less loss over long distances. HVDC systems are capable of delivering high voltage (up to 600 kV) and low current levels (down to 0.1 A).
Volt-Ampere Reactive (RTU):
Volt-Ampere reactive (RTU) is a smart grid technology that uses supercapacitors to store and regenerate power. RTUs are used in transmission & distribution equipment such as substations, circuit breakers, transformers, switchgears and other electronic devices. The stored energy can be used to charge/discharge any battery including lead acid batteries or fuel cells which makes it an attractive option for the end-use industry.
Application Insights:
The power station segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for electricity from industrial sectors across various regions, including Asia Pacific, North America, and Europe. Moreover, growing investments in renewable energy sources are expected to augment smart grid transmission & distribution equipment market growth over the coming years.
Power transformer substations form an essential part of any electric utility network as they transform high-voltage direct current (HVDC) into lower voltage alternating current (AC). These AC currents are used by end-use industries and residential areas as well as transmitted through high-voltage DC lines back into HVDC transformers stations where it is distributed again through the national grid system.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in smart grid infrastructure and growing demand for clean energy generation sources. China, Japan, South Korea, Taiwan are some of the countries that have already made significant investments in this regard. For instance, China has implemented a national smart grid strategy with an aim to upgrade its power distribution network from analog to digital by 2020 and make it more efficient.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Rapid deployment of smart grids and associated technologies worldwide
- Favorable government policies and regulations for smart grid development
- Growing investments in renewable energy sources, which require efficient transmission and distribution infrastructure
- Advances in digital communication, sensing, control, and automation technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Grid Transmission and Distribution Equipment Market Research Report
By Type
High-Voltage Direct Current (HVDC), Volt-Ampere Reactive (RTU), Flexible AC Transmission System (FACTS), Volt-Ampere Reactive (VAR), Synchrophasors
By Application
Power Station, Transformer Substation, Others
By Companies
ABB, Emerson, Omron, Prysmian, NARI Group, S & C Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Smart Grid Transmission and Distribution Equipment Market Report Segments:
The global Smart Grid Transmission and Distribution Equipment market is segmented on the basis of:
Types
High-Voltage Direct Current (HVDC), Volt-Ampere Reactive (RTU), Flexible AC Transmission System (FACTS), Volt-Ampere Reactive (VAR), Synchrophasors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Station, Transformer Substation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Emerson
- Omron
- Prysmian
- NARI Group
- S & C Electric
Highlights of The Smart Grid Transmission and Distribution Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High-Voltage Direct Current (HVDC)
- Volt-Ampere Reactive (RTU)
- Flexible AC Transmission System (FACTS)
- Volt-Ampere Reactive (VAR)
- Synchrophasors
- By Application:
- Power Station
- Transformer Substation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Grid Transmission and Distribution Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Grid Transmission and Distribution Equipment (SGTE) is a suite of technologies that allow utilities to manage and optimize the flow of electricity through their networks. SGTE can help reduce congestion, improve reliability, and support new energy services.
Some of the major players in the smart grid transmission and distribution equipment market are ABB, Emerson, Omron, Prysmian, NARI Group, S & C Electric.
The smart grid transmission and distribution equipment market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Grid Transmission and Distribution Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Grid Transmission and Distribution Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Grid Transmission and Distribution Equipment Market - Supply Chain
4.5. Global Smart Grid Transmission and Distribution Equipment Market Forecast
4.5.1. Smart Grid Transmission and Distribution Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Grid Transmission and Distribution Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Grid Transmission and Distribution Equipment Market Absolute $ Opportunity
5. Global Smart Grid Transmission and Distribution Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Grid Transmission and Distribution Equipment Market Size and Volume Forecast by Type
5.3.1. High-Voltage Direct Current (HVDC)
5.3.2. Volt-Ampere Reactive (RTU)
5.3.3. Flexible AC Transmission System (FACTS)
5.3.4. Volt-Ampere Reactive (VAR)
5.3.5. Synchrophasors
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Grid Transmission and Distribution Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Grid Transmission and Distribution Equipment Market Size and Volume Forecast by Application
6.3.1. Power Station
6.3.2. Transformer Substation
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Grid Transmission and Distribution Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Grid Transmission and Distribution Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Grid Transmission and Distribution Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Grid Transmission and Distribution Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Grid Transmission and Distribution Equipment Demand Share Forecast, 2019-2026
9. North America Smart Grid Transmission and Distribution Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Grid Transmission and Distribution Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Grid Transmission and Distribution Equipment Market Size and Volume Forecast by Application
9.4.1. Power Station
9.4.2. Transformer Substation
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Grid Transmission and Distribution Equipment Market Size and Volume Forecast by Type
9.7.1. High-Voltage Direct Current (HVDC)
9.7.2. Volt-Ampere Reactive (RTU)
9.7.3. Flexible AC Transmission System (FACTS)
9.7.4. Volt-Ampere Reactive (VAR)
9.7.5. Synchrophasors
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Grid Transmission and Distribution Equipment Demand Share Forecast, 2019-2026
10. Latin America Smart Grid Transmission and Distribution Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Grid Transmission and Distribution Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Grid Transmission and Distribution Equipment Market Size and Volume Forecast by Application
10.4.1. Power Station
10.4.2. Transformer Substation
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Grid Transmission and Distribution Equipment Market Size and Volume Forecast by Type
10.7.1. High-Voltage Direct Current (HVDC)
10.7.2. Volt-Ampere Reactive (RTU)
10.7.3. Flexible AC Transmission System (FACTS)
10.7.4. Volt-Ampere Reactive (VAR)
10.7.5. Synchrophasors
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Grid Transmission and Distribution Equipment Demand Share Forecast, 2019-2026
11. Europe Smart Grid Transmission and Distribution Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Grid Transmission and Distribution Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Grid Transmission and Distribution Equipment Market Size and Volume Forecast by Application
11.4.1. Power Station
11.4.2. Transformer Substation
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
117. Europe Smart Grid Transmission and Distribution Equipment Market Size and Volume Forecast by Type
11.7.1. High-Voltage Direct Current (HVDC)
11.7.2. Volt-Ampere Reactive (RTU)
11.7.3. Flexible AC Transmission System (FACTS)
11.7.4. Volt-Ampere Reactive (VAR)
11.7.5. Synchrophasors
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Grid Transmission and Distribution Equipment Demand Share, 2019-2026
12. Asia Pacific Smart Grid Transmission and Distribution Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Grid Transmission and Distribution Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Grid Transmission and Distribution Equipment Market Size and Volume Forecast by Application
12.4.1. Power Station
12.4.2. Transformer Substation
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Grid Transmission and Distribution Equipment Market Size and Volume Forecast by Type
12.7.1. High-Voltage Direct Current (HVDC)
12.7.2. Volt-Ampere Reactive (RTU)
12.7.3. Flexible AC Transmission System (FACTS)
12.7.4. Volt-Ampere Reactive (VAR)
12.7.5. Synchrophasors
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Grid Transmission and Distribution Equipment Demand Share, 2019-2026
13. Middle East & Africa Smart Grid Transmission and Distribution Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Grid Transmission and Distribution Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Grid Transmission and Distribution Equipment Market Size and Volume Forecast by Application
13.4.1. Power Station
13.4.2. Transformer Substation
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Grid Transmission and Distribution Equipment Market Size and Volume Forecast by Type
13.7.1. High-Voltage Direct Current (HVDC)
13.7.2. Volt-Ampere Reactive (RTU)
13.7.3. Flexible AC Transmission System (FACTS)
13.7.4. Volt-Ampere Reactive (VAR)
13.7.5. Synchrophasors
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Grid Transmission and Distribution Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Grid Transmission and Distribution Equipment Market: Market Share Analysis
14.2. Smart Grid Transmission and Distribution Equipment Distributors and Customers
14.3. Smart Grid Transmission and Distribution Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Emerson
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Omron
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Prysmian
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. NARI Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. S & C Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
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