Electric Power Generation, Transmission, and Distribution Market Report 2025

This Electric Power Generation, Transmission, and Distribution market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The electric power generation, transmission, and distribution market size has grown strongly in recent years. It will grow from $5.16 trillion in 2024 to $5.5 trillion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to fossil fuel-based generation, industrialization, population growth, grid expansion, advancements in power generation technologies.

The electric power generation, transmission, and distribution market size is expected to see strong growth in the next few years. It will grow to $6.86 trillion in 2029 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to renewable energy transition, decentralization and distributed energy resources (ders), energy storage integration, electrification of transportation, grid modernization and digitalization. Major trends in the forecast period include smart grids, microgrids, electrification of heating and cooling, grid resilience and security, hydrogen as an energy carrier.

The power generation industry is poised for increased investment activities in the forecast period. These investments will primarily focus on microgrid technology, renewable energy, and other advanced technologies, contributing to market growth. According to the Global Innovation Report, it is projected that the total capacity of microgrids in North America will reach 1.2 GW by 2024, with an annual revenue of $4.2 billion. Notably, the United States Senate passed a $1.2 trillion infrastructure bill in August 2021, which includes funding to expedite clean energy initiatives. This growing investment in power generation is expected to propel the expansion of the electric power generation, transmission, and distribution markets.

The surge in electricity demand is anticipated to drive the growth of the electric power generation, transmission, and distribution market in the future. Electricity, which represents the movement of electric charge through conductors, is the energy source that powers various electrical devices and systems. Electric power generation, transmission, and distribution collectively form the critical infrastructure responsible for generating electricity from energy sources, transmitting it efficiently across a grid, and delivering it to consumers. For example, in September 2023, as reported by the International Energy Agency, an autonomous intergovernmental organization headquartered in France, Colombia recorded a total net electricity production of 7 terawatt-hours (TWh) in June 2023, marking a 1.1% increase on a year-to-date basis. Consequently, the escalating demand for electricity serves as a primary driver behind the growth of the electric power generation, transmission, and distribution market.

Major players in the electric power generation, transmission, and distribution market are focusing on developing solutions such as next-generation nationwide load dispatching systems. A next-generation nationwide load dispatching system is a centralized platform designed to optimize the balance between electricity supply and demand over a large geographical area, ensuring efficient grid management. Key features of these systems include load frequency control (LFC), nationwide generator start-stop planning, supply-demand optimization, integration of renewable energy sources, scalability, flexibility, and a unified interface for multiple operators, all of which contribute to enhanced resilience, cost reduction, and regulatory compliance. For instance, in November 2024, Hitachi, Ltd., a Japan-based multinational company with operations in various sectors including engineering, electronics, nuclear, transportation, and industrial systems, received an order to build a next-generation nationwide load dispatching system for Transmission and Distribution IT & OT Systems LLC, a joint venture of Japan's major power transmission companies. Utilizing Hitachi Energy's globally proven Network Manager package, the system aims to optimize electricity distribution across Japan, improve resilience, and support the country's transition to carbon neutrality by enhancing energy management and integrating renewable energy sources.

Major players in the electric power generation, transmission, and distribution market are also focusing on innovations in energy management, such as the EasySet MV air-insulated indoor switchgear, to enhance reliability, efficiency, and sustainability in electrical distribution systems. The EasySet MV air-insulated indoor switchgear is a compact, modular electrical distribution solution designed for medium voltage applications, utilizing vacuum circuit breaker technology. For example, in April 2024, Schneider Electric SE, a France-based multinational corporation specializing in digital automation and energy management, launched its new EasySet MV air-insulated indoor switchgear. This product is designed to offer high performance and ease of operation, monitoring, and maintenance for medium voltage electrical distribution systems. Featuring vacuum circuit breaker technology and an optional digital connectivity feature, the compact and modular switchgear sets new standards for reliability, efficiency, and sustainability in the industry.

Major companies operating 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, State Power Investment Corporation, Iberdrola SA, Exelon Corp, Engie SA, Duke Energy Corp, American Electric Power Co Inc., Ameren Corporation, American Transmission Co, Avangrid Inc., Berkshire Hathaway Inc., Black Hills Corporation, Calpine Corp, CenterPoint Energy Inc., Dominion Energy Inc., Southern California Edison Company, El Paso Electric Railway Company, Engie North America Inc., Entergy Corporation, Exelon Corporation, FirstEnergy Corp, Great Plains Energy Incorporated, Hawaiian Electric Industries Inc., Idaho Power Co, MidAmerican Energy Co, National Grid Plc, NextEra Energy Inc., NRG Energy Inc., Oncor Inc., Pacific Gas and Electric Company, Pennsylvania Power & Light Corp, Public Service Enterprise Group Inc., Southern Company, Xcel Energy Inc.

Electric power generation and transmission encompass distinct phases in the transportation of electricity, starting from its production at power plants and its conveyance through power lines to homes and businesses. Electricity distribution, on the other hand, involves the management and operation of electricity systems to convey electric energy from transmission grids to end-users, both organizations and individuals.

The primary categories within the domain of electric power generation, transmission, and distribution are electric power transmission, control, and distribution, as well as power generation. Power generation denotes the process of generating electricity or the quantity of electricity generated by converting various energy sources into electrical energy. These operations involve a range of operators, including both public and private entities, and cater to the needs of residential, commercial, and industrial consumers.

The electric power generation, transmission, and distribution market research report is one of a series of new reports that provides electric power generation, transmission, and distribution market statistics, including electric power generation, transmission, and distribution industry global market size, regional shares, competitors with an electric power generation, transmission, and distribution market share, detailed electric power generation, transmission, and distribution market segments, market trends and opportunities, and any further data you may need to thrive in the electric power generation, transmission, and distribution industry. This electric power generation, transmission, and distribution market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Asia-Pacific was the largest region in the electric power generation, transmission, and distribution market in 2024. Western Europe was the second largest region in the electric power generation, transmission, and distribution market. The regions covered in the electric power generation, transmission, and distribution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the electric power generation, transmission, and distribution market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The electric power generation, transmission, and distribution market include revenues earned by entities by providing services such as single-phase AC systems, two-phase AC systems, three-phase AC systems, and DC systems. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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