Transition from Traditional to Electric Two-Way Power Flowing Grids is to Drive the Market
The global power grid market is estimated to grow from USD 282.1 Billion in 2023 to USD 367.4 Billion by 2028; it is expected to record a CAGR of 5.4% during the forecast period. Increasing electrification of the industrial processes leads to an increase in the energy demand which drives the power grid market.
Transformers: The second largest segment of the power grid market, by component.
Based on components, the power grid market has been split into five types: cables, variable speed drives, transformers, switchgear, and others. The transformers were estimated to have the second-largest share of the power grid market in 2022. Transformers are essential components of grid infrastructure that play a critical role in the transmission and distribution of electrical power. These devices are used to transfer electrical energy from one circuit to another, enabling the efficient distribution of power over long distances.
The Renewables segment is expected to emerge as the largest segment based on power sources.
By power source, the power grid market has been segmented into oil, natural gas, coal, hydroelectric, renewables, and others. Renewables are expected to be the largest share of the power grid market in 2022. Renewables are also becoming increasingly competitive in terms of cost, with the price of solar and wind power dropping significantly in recent years. They offer an opportunity for countries to reduce their reliance on imported fossil fuels and improve energy security.
By Application, the Transmission segment is expected to be the fastest growing market during the forecast period.
Based on Application, the power grid market is segmented into generation, transmission, and generation. The transmission segment is expected to be the fastest-growing segment during the forecast period. Without an efficient transmission network, electrical energy would need to be generated close to where it is consumed, which would be prohibitively expensive and impractical. Power transmission is essential for ensuring electrical energy is delivered reliably and without interruption.
Middle East and Africa are expected to be the second fastest-growing region in the power grid market.
Middle East and Africa are expected to be the second fastest power grid market during the forecast period. Several factors contribute to this growth, including population growth, urbanization, and rising standards of living. As a result, the demand for energy in the region is increasing rapidly, leading governments to invest heavily in power generation, transmission, and distribution infrastructure. These factors are expected to fuel the growth of the power grid market in the region.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.
The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 35%, Tier 2- 45%, and Tier 3- 20%
- By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
- By Region: North America- 40%, Asia Pacific- 30%, Europe- 20%, the Middle East & Africa- 5%, and South America- 5%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The power grid market is dominated by a few major players that have a wide regional presence. The leading players in the power grid market are ABB (Switzerland), Siemens (Germany), Schneider Electric (France), and General Electric(US).
Research Coverage:
The report defines, describes, and forecasts the global power grid market, by component, power source, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the power grid market.
Key Benefits of Buying the Report
- Electrification of industrial processes and fleets and Investments in upgrading and expanding transmission and distribution infrastructure are some of the main factors driving the power grid market. Factors such as high installation costs and lack of common standards for electrification in some countries still restrain the market. Increased government mandates for upgrading electrical infrastructure and reducing power losses provide opportunities for the power grid market to grow. Even though delays in electrical transmission projects are major challenges faced by countries under power grid development.
- Product Development/ Innovation: The future of the power grid market looks bright for HV direct current (HVDC) and flexible alternating current transmission systems (FACTS) as they become less expensive due to improvements in power electronics modules and the ability to connect directly to higher voltage systems.
- Market Development: Renewable energy sources are becoming increasingly important in the grid infrastructure for power generation. Renewables include sources such as solar, wind, hydro, geothermal, and biomass, among others. The Middle East & Africa (MEA) power grid market is expected to experience significant growth in the coming years, driven by increasing demand for electricity and the development of new power infrastructure.
- Market Diversification: GE Renewable Energy launched HYpact switchgear. It can be used in several applications, such as mobile (truck-mounted) substations and onshore wind substations. It makes the electrical network more predictable and reduces the customer’s operating costs and environmental impact.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ABB (Switzerland), Siemens (Germany), General Electric (US), and Prysmian Group (Italy) among others in the power grid market.
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions and Exclusions
1.3.1 Power Grid Market, by Component: Inclusions & Exclusions
1.3.2 Market, by Power Source: Inclusions & Exclusions
1.3.3 Market, by Application: Inclusions & Exclusions
1.4 Market Scope
1.4.1 Markets Covered
1.4.2 Regional Scope
1.5 Years Considered
1.6 Currency Considered
1.7 Units Considered
1.8 Limitations
1.9 Stakeholders
1.10 Recession Impact
2 Research Methodology
2.1 Research Data
Figure 1 Power Grid Market: Research Design
2.2 Market Breakdown and Data Triangulation
Figure 2 Data Triangulation Methodology
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Data from Primary Sources
2.2.2.2 Breakdown of Primaries
Figure 3 Breakdown of Primaries
2.3 Recession Impact
2.4 Study Scope
Figure 4 Main Metrics Considered to Analyze and Assess Demand for Power Grids
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
2.5.2 Top-Down Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
2.5.3 Demand-Side Analysis
Figure 7 Regional Analysis
Figure 8 Country-Level Analysis
2.5.3.1 Assumptions for Demand-Side Analysis
2.5.3.2 Calculations for Demand-Side Analysis
2.5.4 Supply-Side Analysis
Figure 9 Key Steps Considered to Assess Supply of Power Grid Solutions
Figure 10 Market: Supply-Side Analysis
2.5.4.1 Assumptions for Supply-Side Analysis
2.5.4.2 Calculations for Supply-Side Analysis
Figure 11 Company Revenue Analysis, 2021
2.5.5 Forecast
3 Executive Summary
3.1 Snapshot of Power Grid Market
Figure 12 Cables to Hold Largest Share of Power Grids Market, by Component, During Forecast Period
Figure 13 Renewables Segment to Lead Power Grid Market During Forecast Period
Figure 14 Distribution Applications to Capture the Largest Share of Power Grids Market Throughout Forecast Period
Figure 15 Asia-Pacific Accounted for Largest Share of Power Grids Market in 2022
4 Premium Insights
4.1 Attractive Opportunities for Players in Power Grid Market
Figure 16 Adoption of Renewable Energy and Government Mandates for Clean Power Grids to Create Opportunities for Players
4.2 Power Grids Market in Asia-Pacific, by Application and Country
Figure 17 Distribution Applications and China to Hold Largest Shares of Power Grids Market in Asia-Pacific in 2028
4.3 Market, by Component
Figure 18 Cables Segment to Dominate Market, by Component, in 2028
4.4 Market, by Power Source
Figure 19 Renewables Segment to Hold Largest Market Share in 2028
4.5 Power Grid Market, by Application
Figure 20 Distribution Applications to Lead Market in 2028
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 21 Power Grid Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Electrification of Industrial Processes and Fleets
Figure 22 Industry-Wise Electrification Trends, 2020 Vs. 2050
5.2.1.2 Investments in Upgrading and Expanding Transmission and Distribution Infrastructure
Table 1 Global T&D Infrastructure Expansion and Refurbishment Plans
5.2.1.3 Transition from Traditional to Electric Two-Way Power Flowing Grids
5.2.2 Restraints
5.2.2.1 High Installation Cost of Hvdc Transmission Systems and High-End Monitoring Devices
5.2.2.2 Lack of Common Standards for Ev Charging and Integration of Renewable Energy into Power Grid
5.2.3 Opportunities
5.2.3.1 Rapid Urbanization and Digitalization
Figure 23 Growth in Urban Population Worldwide, 2010-2020
5.2.3.2 Focus of Governments Worldwide on Reducing At&C Losses of Power Distribution Utilities
Figure 24 Global Investments in Electricity Networks, by Geography, 2016-2021
5.2.3.3 Rising Use of Power Grids by Ev and Hv Users to Charge Vehicles
Figure 25 Global Ev Car Stocks, 2016-2020, Million Units
5.2.4 Challenges
5.2.4.1 Delays in Grid Expansion Projects due to Unclear Regulations and Lengthy Approval Processes
5.2.4.2 High Adoption of Energy-Efficient Equipment and Processes by Industrial and Residential Users
Figure 26 Co2 Emissions from Electricity Generation, 1990-2019
5.3 Trends/Disruptions Impacting Customer Business
5.3.1 New Revenue Pockets for Powergrid Providers
Figure 27 Revenue Shift and New Revenue Pockets for Players in Power Grid Market
5.4 Ecosystem Mapping
Table 2 Key Companies and Their Role in Powergrid Ecosystem
Figure 28 Market Map/Ecosystem
5.5 Value/Supply Chain Analysis
Figure 29 Value Chain Analysis: Maximum Value Added by Grid Infrastructure Installers
5.5.1 Grid Manufacturers
5.5.2 Grid Infrastructure Installers
5.5.3 End-users
5.6 Technology Analysis
5.6.1 Different Technologies Integrated into Power Grid Systems
5.7 Key Conferences and Events, 2023-2024
Table 3 Key Conferences and Events
5.8 Tariff and Regulatory Landscape
5.8.1 Tariff Data for Low- and High-Voltage Protection Equipment Imported by Countries
Table 4 Import Tariff for Low-Voltage Protection Equipment, by Country, 2019
Table 5 Import Tariff for High-Voltage Protection Equipment, by Country, 2019
5.9 Power Grid: Regulatory Landscape
Table 6 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 Rest of the World: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.10 Trade Analysis
5.10.1 Trade Analysis of Powergrid Apparatus Exceeding 1,000 Volts Used in Switching or Protecting Electrical Circuits
5.10.2 Import Scenario
Table 10 Import Scenario for Products Covered Under Hs Code 853590, by Country, 2019-2021 (USD)
5.10.3 Export Scenario
Table 11 Export Scenario for Products Covered Under Hs Code 853590, by Country, 2019-2021 (USD)
5.10.4 Trade Analysis for Powergrid Apparatus Not Exceeding 1,000 Volts Used in Switching or Protecting Electrical Circuits
5.10.5 Import Scenario
Table 12 Import Scenario for Products Covered Under Hs Code 853690, by Country, 2019-2021 (USD)
5.10.6 Export Scenario
Table 13 Export Scenario for Products Covered Under Hs Code 853690, by Country, 2019-2021 (USD)
5.11 Patent Analysis
Table 14 Powergrid-Related Innovations and Patent Registrations
5.12 Case Study Analysis
5.12.1 Voltage and Power Optimization Help Save Energy and Reduce Peak Power
5.12.2 Wind Power Developments Address Grid Integration Issues
5.12.3 Expansion of Smart Energy Corridor with Improved Cybersecurity
5.13 Porter's Five Forces Analysis
Figure 30 Powergrid Market: Porter's Five Forces Analysis
Table 15 Power Grid Market: Porter's Five Forces Analysis
5.13.1 Threat of New Entrants
5.13.2 Bargaining Power of Suppliers
5.13.3 Bargaining Power of Buyers
5.13.4 Threat of Substitutes
5.13.5 Intensity of Competitive Rivalry
5.14 Key Stakeholders and Buying Criteria
5.14.1 Key Stakeholders on Buying Process
Figure 31 Influence of Stakeholders on Buying Process, by Application
Table 16 Influence of Stakeholders on Buying Process, by Application (%)
5.14.2 Buying Criteria
Figure 32 Key Buying Criteria for Applications
Table 17 Key Buying Criteria, by Application
5.15 Pricing Analysis
Figure 33 Average Selling Price of Different Types of Powergrid Components Offered by Key Players
Table 18 Average Selling Price of Different Powergrid Components Offered by Key Players (USD)
Table 19 Pricing Analysis, by Region, 2022 (USD Thousand)
Figure 34 Pricing Analysis of Transformers, by Region (2022)
6 Power Grid Market, by Component
6.1 Introduction
Figure 35 Power Grids Market, by Component, 2022
Table 20 Power Grid Market, by Component, 2021-2028 (USD Billion)
6.2 Cables
6.2.1 Used to Transmit and Distribute Power Over Long Distances
Table 21 Cables: Market, by Region, 2021-2028 (USD Billion)
6.3 Variable Speed Drives
6.3.1 Utilized for Efficient Control Over Speed and Torque of Electric Motors
Table 22 Variable Speed Drives: Market, by Region, 2021-2028 (USD Billion)
6.4 Transformers
6.4.1 Need to Maintain Stability and Reliability in Grid Infrastructure to Drive Segment
Table 23 Transformers: Power Grid Market, by Region, 2021-2028 (USD Billion)
6.5 Switchgear
6.5.1 Need to Protect Grid from Power Flow Faults to Propel Segment
Table 24 Switchgear: Market, by Region, 2021-2028 (USD Billion)
6.6 Others
6.6.1 Need for Reliable, Efficient, and Safe Operation of Equipment in Grid Infrastructure to Fuel Market
Table 25 Others: Market, by Region, 2021-2028 (USD Billion)
7 Power Grid Market, by Power Source
7.1 Introduction
Figure 36 Power Grids Market, by Power Source, 2022
Table 26 Power Grid Market, by Power Source, 2021-2028 (USD Billion)
7.2 Oil
7.2.1 Advantages Such as High Energy Density of Oil to Drive Segment
Table 27 Oil: Market, by Region, 2021-2028 (USD Billion)
7.3 Natural Gas
7.3.1 Abundancy of and Clean Substitution of Fossil Fuels by Natural Gas to Drive Segment
Table 28 Natural Gas: Power Grids Market, by Region, 2021-2028 (USD Billion)
7.4 Coal
7.4.1 Low Cost of Coal as Fuel to Drive Segment
Table 29 Coal: Power Grids Market, by Region, 2021-2028 (USD Billion)
7.5 Hydroelectric
7.5.1 Sustainability of Hydroelectric Source for Power Generation to Drive Segment
Table 30 Hydroelectric: Market, by Region, 2021-2028 (USD Billion)
7.6 Renewables
7.6.1 Need to Reduce Co2 Emissions to Drive Renewables Segment
Table 31 Renewables: Power Grid Market, by Region, 2021-2028 (USD Billion)
7.7 Others
7.7.1 Reliance on Different Energy Sources for Power Generation to Drive Segment
Table 32 Others: Market, by Region, 2021-2028 (USD Billion)
8 Power Grid Market, by Application
8.1 Introduction
Figure 37 Market, by Application, 2022
Table 33 Power Grid Market, by Application, 2021-2028 (USD Billion)
8.2 Generation
8.2.1 Need to Meet Electricity Demand of Growing Population to Drive Segment
Table 34 Generation: Power Grid Market, by Region, 2021-2028 (USD Billion)
8.3 Transmission
8.3.1 Need to Maintain Stable Frequency and Voltage to Fuel Segment Growth
Table 35 Transmission: Power Grids Market, by Region, 2021-2028 (USD Billion)
8.4 Distribution
8.4.1 Need to Deliver Generated Energy Efficiently to Propel Segment
Table 36 Distribution: Power Grids Market, by Region, 2021-2028 (USD Billion)
9 Power Grid Market, by Region
9.1 Introduction
Figure 38 Asia-Pacific to Register Highest CAGR in Power Grids Market During Forecast Period
Table 37 Power Grids Market, by Region, 2021-2028 (USD Billion)
Table 38 Market, by Region, 2021-2028 (Units)
9.2 Asia-Pacific
9.2.1 Asia-Pacific Market: Recession Impact
Figure 39 Asia-Pacific: Market Snapshot
Table 39 Asia-Pacific: Power Grid Market, by Component, 2021-2028 (USD Billion)
Table 40 Asia-Pacific: Market, by Power Source, 2021-2028 (USD Billion)
Table 41 Asia-Pacific: Market, by Application, 2021-2028 (USD Billion)
Table 42 Asia-Pacific: Market, by Country, 2021-2028 (USD Billion)
9.2.1.1 China
9.2.1.1.1 Investment in Clean Power Generation to Drive Market
Table 43 China: Market, by Power Source, 2021-2028 (USD Billion)
9.2.1.2 India
9.2.1.2.1 Rising Electrification Initiatives in Remote Areas to Drive Demand
Table 44 India: Market, by Power Source, 2021-2028 (USD Billion)
9.2.1.3 Australia
9.2.1.3.1 Electrification of Railroad Network to Drive Demand for Gas-Insulated Switchgear
Table 45 Australia: Market, by Power Source, 2021-2028 (USD Billion)
9.2.1.4 Japan
9.2.1.4.1 Replacement of Aging Infrastructure to Drive Market Growth
Table 46 Japan: Market, by Power Source, 2021-2028 (USD Billion)
9.2.1.5 South Korea
9.2.1.5.1 Modernization of Grid Infrastructure to Fuel Market Growth
Table 47 South Korea: Market, by Power Source, 2021-2028 (USD Billion)
9.2.1.6 Rest of Asia-Pacific
Table 48 Rest of Asia-Pacific: Market, by Power Source, 2021-2028 (USD Billion)
9.3 Europe
Figure 40 Europe: Market Snapshot
9.3.1 European Power Grids Market: Recession Impact
Table 49 Europe: Power Grid Market, by Component, 2021-2028 (USD Billion)
Table 50 Europe: Market, by Power Source, 2021-2028 (USD Billion)
Table 51 Europe: Market, by Application, 2021-2028 (USD Billion)
9.3.2 By Country
Table 52 Europe: Market, by Country, 2021-2028 (USD Billion)
9.3.2.1 Germany
9.3.2.1.1 Developments on Achieving Net Zero Goals and Modernizing Grids to Drive Market
Table 53 Germany: Market, by Power Source, 2021-2028 (USD Billion)
9.3.2.2 UK
9.3.2.2.1 Efforts in Grid Modernization and Upgrade to Drive Market
Table 54 UK: Market, by Power Source, 2021-2028 (USD Billion)
9.3.2.3 France
9.3.2.3.1 Decarbonization Targets to Propel Power Grids Market
Table 55 France: Market, by Power Source, 2021-2028 (USD Billion)
9.3.2.4 Italy
9.3.2.4.1 Rising Developments in Power Grid Infrastructure to Drive Market
Table 56 Italy: Market, by Power Source, 2021-2028 (USD Billion)
9.3.2.5 Spain
9.3.2.5.1 Targets to Achieve Climate Goals to Propel Market
Table 57 Spain: Market, by Power Source, 2021-2028 (USD Billion)
9.3.2.6 Rest of Europe
Table 58 Rest of Europe: Market, by Power Source, 2021-2028 (USD Billion)
9.4 North America
9.4.1 North American Market: Recession Impact
Table 59 North America: Power Grid Market, by Component, 2021-2028 (USD Billion)
Table 60 North America: Market, by Power Source, 2021-2028 (USD Billion)
Table 61 North America: Market, by Application, 2021-2028 (USD Billion)
Table 62 North America: Market, by Country, 2021-2028 (USD Billion)
9.4.1.1 US
9.4.1.1.1 Replacement of Aging Power Grid Infrastructure to Drive Market Growth
Table 63 US: Market, by Power Source, 2021-2028 (USD Billion)
9.4.1.2 Canada
9.4.1.2.1 Growing Investments in Renewables to Drive Market
Table 64 Canada: Market, by Power Source, 2021-2028 (USD Billion)
9.4.1.3 Mexico
9.4.1.3.1 Deployment of Smart Grid Technologies to Support Market Growth
Table 65 Mexico: Market, by Power Source, 2021-2028 (USD Billion)
9.5 Middle East & Africa
9.5.1 Middle East & African Market: Recession Impact
Table 66 Middle East & Africa: Power Grid Market, by Component, 2021-2028 (USD Billion)
Table 67 Middle East & Africa: Market, by Power Source, 2021-2028 (USD Billion)
Table 68 Middle East & Africa: Market, by Application, 2021-2028 (USD Billion)
Table 69 Middle East & Africa: Market, by Country, 2021-2028 (USD Billion)
9.5.1.1 Saudi Arabia
9.5.1.1.1 Developments in Power Generation Sector to Drive Market
Table 70 Saudi Arabia: Market, by Power Source, 2021-2028 (USD Billion)
9.5.1.2 South Africa
9.5.1.2.1 Grid Modernization Programs to Drive Market
Table 71 South Africa: Market, by Power Source, 2021-2028 (USD Billion)
9.5.1.3 Egypt
9.5.1.3.1 Renewable Energy Generation Projects to Propel Power Grids Market
Table 72 Egypt: Market, by Power Source, 2021-2028 (USD Billion)
9.5.1.4 Turkey
9.5.1.4.1 Rising Developments in Renewable Energy Infrastructure to Drive Market
Table 73 Turkey: Market, by Power Source, 2021-2028 (USD Billion)
9.5.1.5 Rest of Middle East & Africa
Table 74 Rest of Middle East & Africa: Market, by Power Source, 2021-2028 (USD Billion)
9.6 South America
9.6.1 South American Market: Recession Impact
Table 75 South America: Power Grid Market, by Component, 2021-2028 (USD Billion)
Table 76 South America: Market, by Power Source, 2021-2028 (USD Billion)
Table 77 South America: Market, by Application, 2021-2028 (USD Billion)
Table 78 South America: Market, by Country, 2021-2028 (USD Billion)
9.6.1.1 Brazil
9.6.1.1.1 Developments in Grid Modernization and Power Generation Sector to Drive Market
Table 79 Brazil: Market, by Power Source, 2021-2028 (USD Billion)
9.6.1.2 Argentina
9.6.1.2.1 Increase in Installed Energy Capacity with Renewable Energy to Fuel Power Grids Market
Table 80 Argentina: Market, by Power Source, 2021-2028 (USD Billion)
9.6.1.3 Rest of South America
Table 81 Rest of South America: Market, by Power Source, 2021-2028 (USD Billion)
10 Competitive Landscape
10.1 Strategies Adopted by Key Players
Table 82 Overview of Key Strategies Adopted by Top Players, 2018-2022
10.2 Market Share Analysis of Top Five Players
Table 83 Power Grid Market: Degree of Competition
Figure 41 Power Grids Market Share Analysis, 2021
10.3 Revenue Analysis of Top 5 Market Players
Figure 42 Top Players in Market from 2017 to 2021
10.4 Company Evaluation Quadrant
10.4.1 Stars
10.4.2 Pervasive Players
10.4.3 Emerging Leaders
10.4.4 Participants
Figure 43 Power Grids Market (Global) Company Evaluation Matrix, 2021
10.5 Startup/Sme Evaluation Quadrant
10.5.1 Progressive Companies
10.5.2 Responsive Companies
10.5.3 Dynamic Companies
10.5.4 Starting Blocks
Figure 44 Market: Startup/Sme Evaluation Quadrant, 2021
10.6 Competitive Benchmarking
Table 84 Power Grid Market: Detailed List of Key Startups/SMEs
Table 85 Market: Competitive Benchmarking of Key Startups/SMEs
10.7 Power Grids Market: Company Footprint
Table 86 Company Footprint, by Component
Table 87 Company Footprint, by Power Source
Table 88 Company Footprint, by Application
Table 89 Company Footprint, by Region
Table 90 Company Footprint
10.8 Competitive Scenario
Table 91 Power Grid Market: Product Launches, January 2019-February 2023
Table 92 Market: Deals, January 2019-February 2023
Table 93 Market: Others, January 2019-February 2023
11 Company Profiles
11.1 Key Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View)*
11.1.1 Hitachi Energy
Table 94 Hitachi Energy: Business Overview
Table 95 Hitachi Energy: Products/Services/Solutions Offered
Table 96 Hitachi Energy: Deals
Table 97 Hitachi Energy: Others
11.1.2 Siemens
Table 98 Siemens: Business Overview
Figure 45 Siemens: Company Snapshot
Table 99 Siemens: Products/Services/Solutions Offered
Table 100 Siemens: Deals
Table 101 Siemens: Others
11.1.3 General Electric
Table 102 General Electric: Business Overview
Figure 46 General Electric: Company Snapshot
Table 103 General Electric: Products/Services/Solutions Offered
Table 104 General Electric: Product Launches
Table 105 General Electric: Deals
Table 106 General Electric: Others
11.1.4 Prysmian Group
Table 107 Prysmian Group: Business Overview
Figure 47 Prysmian Group: Company Snapshot
Table 108 Prysmian Group: Products/Services/Solutions Offered
Table 109 Prysmian Group: Deals
Table 110 Prysmian Group: Others
11.1.5 Nexans
Table 111 Nexans: Business Overview
Figure 48 Nexans: Company Snapshot
Table 112 Nexans: Products/Services/Solutions Offered
Table 113 Nexans: Deals
Table 114 Nexans: Others
11.1.6 Schneider Electric
Table 115 Schneider Electric: Company Overview
Figure 49 Schneider Electric: Company Snapshot
Table 116 Schneider Electric: Products/Services/Solutions Offered
Table 117 Schneider Electric: Product Launches
Table 118 Schneider Electric: Deals
Table 119 Schneider Electric: Others
11.1.7 Mitsubishi Electric
Table 120 Mitsubishi Electric: Company Overview
Figure 50 Mitsubishi Electric: Company Snapshot, 2022
Table 121 Mitsubishi Electric: Products/Services/Solutions Offered
Table 122 Mitsubishi Electric: Deals
11.1.8 Eaton
Table 123 Eaton: Company Overview
Figure 51 Eaton: Company Snapshot
Table 124 Eaton: Products/Services/Solutions Offered
Table 125 Eaton: Deals
Table 126 Eaton: Others
11.1.9 Abb
Table 127 Abb: Business Overview
Figure 52 Abb: Company Snapshot
Table 128 Abb: Products/Services/Solutions Offered
Table 129 Abb: Product Launches
Table 130 Abb: Deals
Table 131 Abb: Others
11.1.10 Powell Industries
Table 132 Powell Industries: Company Overview
Figure 53 Powell Industries: Company Snapshot
Table 133 Powell Industries: Products/Services/Solutions Offered
11.1.11 Havells
Table 134 Havells: Company Overview
Figure 54 Havells: Company Snapshot
Table 135 Havells: Products/Services/Solutions Offered
11.1.12 Ls Electric
Table 136 Ls Electric Co Ltd: Company Overview
Figure 55 Ls Electric Co Ltd: Company Snapshot
Table 137 Ls Electric Co Ltd: Products/Services/Solutions Offered
Table 138 Ls Electric: Others
11.1.13 Hubbell
Table 139 Hubbell: Company Overview
Figure 56 Hubbell: Company Snapshot
Table 140 Hubbell: Products/Services/Solutions Offered
11.1.14 Toshiba Energy System & Solutions Corporation
Table 141 Toshiba Energy System & Solutions Corporation: Company Overview
Table 142 Toshiba Energy System & Solutions Corporation: Products/Services/Solutions Offered
Table 143 Toshiba Energy System & Solutions Corporation: Deals
Table 144 Toshiba Energy System & Solutions Corporation: Others
11.1.15 Fuji Electric
Table 145 Fuji Electric: Company Overview
Figure 57 Fuji Electric: Company Snapshot
Table 146 Fuji Electric: Products/Services/Solutions Offered
11.2 Other Players
11.2.1 Sumitomo Electric
11.2.2 Nkt
11.2.3 Hyundai Electric & Energy Systems Co., Ltd.
11.2.4 Secheron
11.2.5 Southwire Company
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View Might Not be Captured in Case of Unlisted Companies.
12 Appendix
12.1 Insights from Industry Experts
12.2 Discussion Guide
12.3 Knowledgestore: Subscription Portal
12.4 Customization Options
Executive Summary
Companies Mentioned
- ABB
- Eaton
- Fuji Electric
- General Electric
- Havells
- Hitachi Energy
- Hubbell
- Hyundai Electric & Energy Systems Co., Ltd.
- LS Electric
- Mitsubishi Electric
- Nexans
- NKT
- Powell Industries
- Prysmian Group
- Schneider Electric
- Secheron
- Siemens
- Southwire Company
- Sumitomo Electric
- Toshiba Energy System & Solutions Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 216 |
| Published | March 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 282.1 Billion |
| Forecasted Market Value ( USD | $ 367.4 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
