Power Infrastructure Market Report 2026

The power infrastructure market size has grown strongly in recent years. It will grow from $1.55 trillion in 2025 to $1.64 trillion in 2026 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to expansion of centralized power generation capacity, development of national transmission networks, growth of urban electricity demand, electrification of industrial operations, availability of conventional grid technologies.

The power infrastructure market size is expected to see strong growth in the next few years. It will grow to $2.02 trillion in 2030 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to increasing renewable energy integration requirements, rising investments in grid modernization, expansion of electric vehicle charging infrastructure, growing adoption of distributed energy resources, increasing focus on cybersecurity in power networks. Major trends in the forecast period include increasing investments in smart grid infrastructure, rising deployment of renewable power assets, growing integration of digital grid management systems, expansion of transmission and distribution networks, enhanced focus on grid resilience and reliability.

The rising adoption of renewable energy is expected to drive the growth of the power infrastructure market in the coming years. Renewable energy refers to electricity generated from naturally replenishing sources such as sunlight, wind, and water. The growing emphasis on renewable energy stems from increasing climate concerns and the global push by governments and industries to reduce carbon emissions through cleaner energy alternatives. Power infrastructure plays a crucial role in this transition by facilitating the efficient transmission, storage, and integration of intermittent energy sources like solar and wind into the power grid, thereby ensuring consistent and stable energy supply. For example, in December 2024, the European Commission, a Belgium-based governing authority, reported that in 2023, renewable energy represented 24.5% of the EU’s total energy consumption, up from 23% in 2022. Thus, the growing shift toward renewable energy is fueling the expansion of the power infrastructure market.

Key players in the power infrastructure market are focusing on developing next-generation technologies, such as advanced battery energy storage systems, to improve grid efficiency and support the seamless integration of renewable energy. Battery energy storage systems are compact, scalable solutions designed to store large volumes of electricity, allowing for greater flexibility and reliability in energy distribution. For instance, in May 2024, Powin Corporation, a US-based energy storage technology firm, introduced the Powin Pod, a new generation pod platform. This innovation offers a 50% increase in energy density compared to the previous Centipede platform, includes enhanced safety features like liquid cooling and fire prevention compliance, and delivers improved cost efficiency and operational reliability. The Pod is integrated with Powin’s proprietary software and long-term support services, available for global orders with deliveries starting in mid-2025, and U.S.-based production beginning in 2026.

In May 2025, Macquarie Asset Management, an Australia-based investment and asset management firm specializing in infrastructure and renewable energy, acquired Island Green Power for an undisclosed sum. This acquisition supports Macquarie’s strategy to expand its renewable energy portfolio and accelerate the development of utility-scale solar and green energy projects in key regions. Island Green Power is a UK-based company involved in delivering power infrastructure solutions.

Major companies operating in the power infrastructure market are Hitachi Ltd., General Electric Company, Mitsubishi Electric Corporation, Siemens Energy, ABB Ltd., Eaton Corporation, Quanta Services Inc., Prysmian Group, TBEA Co. Ltd., Nexans S.A, Tata Power Company Limited, CG Power and Industrial Solutions Limited, Powell Industries Inc., Efacec Power Solutions, Powin Energy, ENGIE UK, Suzlon Energy Ltd., Vestas Wind Systems, Orsted A/S, NextEra Energy.

Asia-Pacific was the largest region in the power infrastructure market in 2025. The regions covered in the power infrastructure market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the power infrastructure market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The power infrastructure market consists of revenues earned by entities by providing services such as electricity generation, grid management, and equipment installation services. The market value includes the value of related goods sold by the service provider or included within the service offering. The power infrastructure market also includes sales of generators, turbines, wind turbine components, solar panels, and inverters. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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.

This product will be delivered within 1-3 business days.