APAC to drive Transmission and Distribution (T&D) Equipment Market in the Oil & Gas Equipment & Services Industry | Technavio
“Increased demand for power generation and Increasing cross-border grid interconnections will further boost market growth during the forecast period,” says a senior analyst at Technavio.
NEW YORK, 2021- APAC is expected to lead the transmission and distribution (T&D) equipment market with 61% of the market’s growth during 2020-2024. China and India are the key market for transmission and distribution (T&D) equipment market in APAC and is expected to offer several growth opportunities to market vendors during the forecast period, says Technavio, a leading market research company.
Technavio’s report on “Transmission and Distribution (T&D) Equipment Market by Type and Geography – Forecast and Analysis 2020-2024” reveals that the market has the potential to reach USD 44.17 billion, progressing at a CAGR of over 3%.
Leading Regions Analysis of Transmission and Distribution (T&D) Equipment Market during 2020-2024:
Technavio identifies Europe as the second-highest country, where the market size of transmission and distribution (T&D) equipment will have the potential to reach USD 63.26 billion by 2024. The growing importance of energy security will be contributing to the demand for the transmission and distribution (T&D) equipment market during the forecast period.
North America will be the third-highest country, where the market size of transmission and distribution (T&D) equipment will have the potential to reach USD 43.95 billion by 2024. The growing demand for high-voltage power cables, switchgear, and transformers will drive the demand of the market during the forecast period.
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Transmission and Distribution (T&D) Equipment Market in the Oil & Gas Equipment & Services Industry during 2020-2024: Vendor Analysis and Scope
To help businesses improve their market position, the transmission and distribution (T&D) equipment market report provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Eaton Corporation Plc, Furukawa Electric Co. Ltd., General Electric Co., Hitachi Ltd., Hyundai Heavy Industries Co. Ltd., Mitsubishi Electric Corp., Nexans SA, Prysmian Spa, Siemens AG, and Toshiba Corp.
The report also covers the following areas:
Transmission and Distribution (T&D) Equipment Market size
Transmission and Distribution (T&D) Equipment Market trends
Transmission and Distribution (T&D) Equipment Market industry analysis
Key Topics Covered
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by Geography
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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