Global T&D Equipment Market 2017-2021

Overview of the global T&D equipment market

Technavio’s research analysis on the global T&D equipment market has identified the increasing demand for power generation as one of the major factors that will have a positive impact on the growth of the market during the next few years. With the increasing population and the rise in rapid urbanization and industrialization, the demand for power will considerably increase in the coming years. This will drive the need for new manufacturing plants and the expansion of existing plants to meet the growing demand, which will subsequently drive the need for T&D equipment. Technavio’s market research analysts predict that this market will grow at a CAGR of almost 7% by 2021.

The power received in a power grid in terms of quantity, is always lower than the power produced at source. This is mainly due to the thermal losses owing to the electrical resistivity and conductivity of the transmitting material. Power voltage is usually stepped up for long distance transmission, which is then stepped down to usable voltage and distributed to commercial and residential end-users. This will result in an increasing focus on energy efficiency, which according to this industry research report, will be one of the major trends that will gain traction in the T&D equipment market during the next four years.

Competitive landscape and key vendors

With the presence of international, regional, and local vendors, this market appears to be highly fragmented. The vendors in the market are competing based on factors such as price, quality, and the range of products they offer. Additionally, the time taken for delivery, customer service, and the environmental impact of the products are also the major factors that the vendors usually compete on.

The leading vendors in the market are -

• ABB
• General Cable Technologies
• Nexans
• Prysmian
• Siemens

The other prominent vendors in the market are AEI Cables, Belden, E+I Engineering, Eaton, Furukawa Electric Industrial Cable, GENERAL ELECTRIC, Hyundai Heavy Industries, International Wire Group, JDR Cable Systems, LS Cable, Mitsubishi Electric, NKT Group, S&C Electric Company, Schneider Electric, SKEMA, Southwire, Sumitomo Electric Industries, Able UK, Brugg Cables, Fujikura, LEONI, PARKER HANNIFIN, TPC Wire & Cable, BHEL, CG, Chint Group, HYOSUNG, Toshiba, and Lucy Electric.

Segmentation by product type and analysis of the T&D equipment market

• Power cables
• Switchgears
• Transformers

During 2016, the power cable market segment accounted for the major shares of this market. The increasing number of grid expansion projects and grid interconnections projects between countries is a major factor driving market growth in this segment. Moreover, the growing preference towards the usage of renewable energy such as wind and solar to achieve carbon emission reduction targets and reduce the dependency on fossil fuels, will also augment the market segment’s growth prospects.

Geographical segmentation and analysis of the T&D equipment market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. The growing investments in the region for both renewable and fossil fuel-fired power plants and the rising need for access to electricity in the developing countries, are the major factors driving the market’s growth in this region.

Key questions answered in the report include

• What will the market size, market forecast and the growth rate be in 2021?
• What are the key factors driving the global T&D equipment market?
• What are the key market trends impacting the growth of the global T&D equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global T&D equipment market?
• What are the market opportunities and threats faced by the vendors in the global T&D equipment market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global T&D equipment market?