Electric Power Infrastructure Market Report 2026

The electric power infrastructure market size has grown strongly in recent years. It will grow from $284.32 billion in 2025 to $303.71 billion in 2026 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to expansion of electricity generation capacity, growth of urban and industrial power demand, modernization of aging grid infrastructure, investments in high-voltage transmission systems, expansion of utility-scale power networks.

The electric power infrastructure market size is expected to see strong growth in the next few years. It will grow to $390.76 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing electrification of transport and industry, rising investments in grid digitalization, expansion of renewable grid integration projects, growing adoption of energy storage at grid level, increasing focus on resilient power infrastructure. Major trends in the forecast period include expansion of smart grid infrastructure, rising deployment of advanced transmission and distribution systems, growing integration of renewable energy assets, increased adoption of grid automation technologies, enhanced focus on power reliability and security.

The rising demand for electricity is anticipated to drive the growth of the electric power infrastructure market in the coming years. Electricity is a form of energy produced by the movement of charged particles, which powers devices, machines, and systems. The demand for electricity is growing as more industries and households adopt energy-intensive technologies, increasing pressure on existing power infrastructure and emphasizing the need for upgrades and expansion. Electric power infrastructure facilitates electricity by supporting its efficient generation, transmission, and distribution from power plants to homes and businesses, ensuring reliable and uninterrupted energy access. For example, the Department for Energy Security and Net Zero, a UK government agency, reported that electricity demand remained broadly stable in 2024 at 319 TWh, representing a 0.5 percent increase compared to 2023, with average temperatures remaining similar between the two years. Consequently, the rising electricity demand is fueling the electric power infrastructure market.

Key players in the electric power infrastructure market are focusing on the development of autonomous grid management systems to enhance grid flexibility and advance digital transformation across utilities. These systems use sophisticated software and real-time data integration to monitor, control, and optimize grid operations with minimal human intervention. For example, in February 2024, Siemens AG, a Germany-based automation and industrial solutions provider, introduced Gridscale X a modular software platform designed to rapidly expand grid capacity and manage complex distributed energy resources. The platform enhances grid planning and operations through improved visibility and centralized network model management. Built with cybersecurity, interoperability, and scalability in mind, Gridscale X integrates seamlessly with existing IT and OT infrastructure to support grid modernization efforts.

In October 2024, Iberdrola, a Spain-based electric utility company, acquired an 88% stake in Electricity North West (ENW) for approximately $5.59 billion (€5 billion). This acquisition is part of Iberdrola’s strategy to enhance its footprint in the UK energy sector and support the shift toward a smarter and more sustainable power network in North West England. Electricity North West is a UK-based provider of electric power infrastructure.

Major companies operating in the electric power infrastructure market are Hitachi Ltd., Siemens Energy, Quanta Services, The AES Corporation, Mastec Inc., Nexans S.A, Tata Power Company Limited, Power Grid Corporation of India Ltd., Elecnor Group, MYR Group Inc., Hyosung Heavy Industries Corporation, NextEra Energy Partners LP, Adani Green Energy Ltd., Ormat Technologies, Sterlite Power, KEPCO E&C, LS Power, AMP Energy, Vena Energy, ENGIE UK.

Asia-Pacific was the largest region in the electric power infrastructure market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the electric 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 electric power infrastructure market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electric power infrastructure market consists of revenues earned by entities by providing services such as grid modernization, transmission system upgrades, and electricity distribution management. The market value includes the value of related goods sold by the service provider or included within the service offering. The electric power infrastructure market includes sales of generators, turbines, wind turbine components and 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.

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