PUBLISHER: The Business Research Company | PRODUCT CODE: 1712424
PUBLISHER: The Business Research Company | PRODUCT CODE: 1712424
Electric power transmission encompasses the various phases involved in conveying electricity via poles and wires from power generators to residential and commercial properties. On the other hand, electricity distribution entails the management and operation of electrical systems to facilitate the transmission of electric energy from high-capacity transmission grids to both individual consumers and organizations.
The primary categories within the realm of electric power transmission, control, and distribution comprise electric power distribution and electric bulk power transmission and control. Electric power distribution represents the final leg of the electric power delivery process, responsible for transporting electricity from the transmission lines to potential end-users. These services are made available through both online and offline channels.
The electric power transmission, control, and distribution market research report is one of a series of new reports from The Business Research Company that provides electric power transmission, control, and distribution market statistics, including electric power transmission, control, and distribution industry global market size, regional shares, competitors with an electric power transmission, control, and distribution market share, detailed electric power transmission, control, and distribution market segments, market trends and opportunities, and any further data you may need to thrive in the electric power transmission, control, and distribution industry. This electric power transmission, control, 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.
The electric power transmission, control, and distribution market size has grown strongly in recent years. It will grow from $3095.08 billion in 2024 to $3294.94 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to electrification, population growth, urbanization, industrialization, grid modernization.
The electric power transmission, control, and distribution market size is expected to see strong growth in the next few years. It will grow to $4106.59 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to renewable energy integration, energy storage, electrification of transportation, grid resilience and security, decentralization. Major trends in the forecast period include smart grids, distributed energy resources (ders), grid digitalization, electrification of heating and cooling, resilience and microgrid development.
The expanding use of electricity in the transportation sector is anticipated to drive an increased demand for electricity, thereby stimulating growth in the power generation market. This rise in demand for electricity can be attributed to several factors, including the electrification of railways in underdeveloped and developing countries, the establishment of public transportation networks like rapid metro transit systems, and the growing adoption of electric vehicles in developed nations. These developments present significant opportunities for power generation companies operating in the market. For instance, in January 2024, according to the International Council on Clean Transportation, a US-based non-profit organization, quarterly electric vehicle (EV) sales have steadily increased since the third quarter of 2021. The share of EVs in total light-duty vehicle sales rose from approximately 3% in Q1 2021 to over 10% by Q3 2023. As a result, the growing adoption of electricity in the transportation industry is expected to further drive the electric power transmission, control, and distribution market.
The surging demand for electricity is poised to drive the expansion of the electric power transmission, control, and distribution market in the foreseeable future. Electricity, defined as the flow of electric charge through conductors, serves as the power source for various electrical devices and systems. Power transmission, control, and distribution play a critical role in the efficient and safe delivery of electricity from generation sources to end-users while upholding reliability. 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 7.0 terawatt-hours (TWh) in June 2023, marking a 1.1% increase on a year-to-date basis. This underscores the growing demand for electricity and its pivotal role in driving the growth of the electric power transmission, control, and distribution market.
Utility business models are in a continuous state of evolution, shifting from traditional electricity generation models to more modern approaches such as distributed generation models aimed at reducing costs and enhancing transmission and distribution efficiencies. Distributed generation involves localized power generation through the use of technologies like solar panels and other cost-effective methods to produce electricity in proximity to where it will be consumed. Consumers are increasingly adopting these distributed generation networks due to their cost-effectiveness and control. Consequently, electric power generation companies should shift their focus towards distributed generation rather than adhering to the centralized electricity generation model. Additionally, many companies are exploring new revenue models and incentives as alternatives to the traditional cost-of-service models. For example, New York's Reforming Energy Vision (REV) docket concentrates on distributed generation and performance-based incentives to encourage utilities to meet grid requirements. Electric utilities in states like California, Minnesota, and Massachusetts are actively participating in the REV initiative. According to the International Energy Agency's (IEA) semi-annual Power Market Report, global electricity demand witnessed an approximate 5% increase in 2021, and it is projected to grow by 4% in 2022, primarily driven by the global economic recovery.
Major companies in the electric power transmission, control, and distribution market are increasingly focused on developing advanced power protection relays to enhance the reliability, adaptability, and stability of India's power distribution grid in response to evolving energy demands. An advanced power protection relay is a sophisticated device designed to monitor electrical systems for abnormal conditions, such as overcurrents or faults, and automatically trip circuit breakers to isolate and protect equipment from damage. For example, in October 2024, Hitachi Energy, a Switzerland-based technology company, launched the Relion REF650, specifically designed for India's medium-voltage power distribution grid. This product offers enhanced modularity, robust security features, and a simplified user interface to address the dynamic power quality requirements of utilities and industrial facilities. The relay plays a crucial role in supporting the integration of renewable energy sources and electric vehicle (EV) charging infrastructure, thereby contributing to a more stable and adaptable electricity distribution network.
Major companies operating in the electric power transmission, control, and distribution market include Tokyo Electric Power Co Holdings Incorporated, Korea Electric Power Corporation, Iberdrola SA, Electricite De France SA, E.ON SE, American Electric Power Co Inc., Ameren Corporation, American Transmission Co, Avangrid Inc., Berkshire Hathaway Inc., Black & Veatch Corp, Schneider Electric SE, Burns & Mcdonnell Engineering India Private Ltd., Dominion Energy Inc., Duke Energy Corporation, Southern California Edison Company, Engie SA, Exelon Corporation, Great Southwestern Construction Inc., R. & J Electric LLC, National Grid Plc, NextEra Energy Inc., NRG Energy Inc., Oncor Inc., Pacific Gas and Electric Company, PAR Electrical Contractors LLC., PPL Electric Utilities Corporation, Power Engineers Company, Power Consulting Associates LLC, Quanta Services Inc., Sargent & Lundy LLC, Southwestern Public Service Company, Tennessee Valley Authority, Western Area Power Administration Company.
Asia-Pacific was the largest region in the electric power transmission, control, and distribution market in 2024. Western Europe was the second largest region in the electric power transmission, control, and distribution market. The regions covered in the electric power transmission, control, 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 transmission, control, 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 transmission, control, and distribution market include revenues earned by entities by providing services such as single-phase AC system, two-phase AC system, three-phase AC system, and DC system. 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.
Electric Power Transmission, Control, And Distribution Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on electric power transmission, control, and distribution market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for electric power transmission, control, and distribution ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electric power transmission, control, and distribution market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.