Power Transmission Market: By Component (Transformer, Insulator, Transmission Lines, Transmission Towers, Others), By Current Levels (HVAC, HVDC), By Voltage (132 kV, 220 kV, 440 kV, 660 kV, 765 kV & above), By End Users (Industrial, Commercial), and Geography      

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Power Transmission Market size was valued at USD 247.92 million in 2023 and is poised to grow at a CAGR of 6.4%from 2024 to 2030. The flow of electrical energy along the interconnected lines is known as electrical transmission networks. Electric transmission and distribution are some of the most important parts of power generation, transmission, and distribution systems. The constant development of transmission and distribution equipment to fulfill the future requirements of the power grid propels market growth. Nowadays, the energy industry is focusing on renewable sources to meet the power demand. The transmission networks permit the flow of electrical energy. which includes switches, transmitters, insulators, capacitors, etc. The rising infrastructure development in residential and commercial sectors will result in a higher demand for electric power transmission and distribution equipment. Increasing technological adoption across the world is anticipated to enhance the market demand for the electric power transmission market.

Renewable energy is the greatest alternative to fossil fuel energy most organizations are looking for investment in emission-free energy. The rising awareness of global warming and shifting mindset to renewable sources of energy will drive the market to renewable energy. some sources of renewable energy are wind, solar, geothermal energy, biomass, etc. In recent years, many countries have implemented renewable energy as their primary source of energy and this will positively impact the growth of electric power transmission due to the reduced cost of electricity, due to which renewable energy source becomes the future opportunity for electric power transmission market growth. However, the primary cost of material and installation of the power grid is expensive, at the time of installation amount of protective devices are used such as transformers, overhead components, switchgear, etc.

Power Transmission Market Key Developments:
  • In May 2023,India’s largest electric power transmission company “Powergrid” made a collaboration and signed the Memorandum of Understanding (MoU) with Safdarjung Hospital and VMMC to giving financial support and offer medical equipment for urology cancer patients.
  • In May 2023,researchers from Oregon State University claimed that, smart meters are the attention of electric grid destabilization. A smart meter is a digital device that collects information about power usage and transmits it to a nearby utility through a communications link.
  • In May 2023, Schneider Electric, a leader in automating and managing energy launched the circuit breaker ‘EvoPact’ for its medium voltage equipment.

Power Transmission Market Summary

Study Period

2024 - 2030

Base Year

2023

CAGR

6.4%

Largest Market

Asia Pacific

Fastest Growing Market

Asia Pacific
Power Transmission Market Dynamics

Rising urbanization and demand for smart appliances across the globe are expected to drive the growth of the electric power transmission market. The increasing need for electric appliances in the population for an improved lifestyle and convenience drives the growth of the market. In urbanization, the increasing industrialization infrastructure, and commercial area tends to the growing demand for the electric transmission market. The increasing necessity for technologically advanced electrical equipment for smart houses, offices, etc., and the changing lifestyle habits of people around the world are anticipated to increase the demand growth of the electric transmission market. In addition, the increase in disposable income and adaptation of digitization positively impacts the growth of the electric power transmission market.

Power Transmission Market Segmentation

By Component
  • Transformer
  • Insulator
  • Transmission Lines
  • Transmission Towers
  • Others
By Current Levels
  • HVAC
  • HVDC
By End-User
  • Industrial
  • Commercia

Frequently Asked Questions

The Asia pacific region is dominating the Power Transmission market due to rapid development in the power transmission equipment to fulfil the rising demand for electricity from residential, commercial and Industrial sectors.

The leading players in the Power Transmission Market are ABB, Siemens, GE, Schneider Electric, and Eaton.

Historic years considered for the market study are 2019 to 2022, 2023 is considered as the base year for market estimation and the forecast presented from 2024 to 2030.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1. Executive Summary
2. Global Power Transmission Market Introduction
2.1. Global Power Transmission Market Taxonomy
2.2. Global Power Transmission Market Definitions
2.2.1. Component
2.2.2. Current Levels
2.2.3. Voltage
2.2.4. End Users
2.2.5. Region
3. Global Power Transmission Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Power Transmission Market Dynamic Factors - Impact Analysis
3.6. Impact of COVID 19 on The Market
3.7. Three Forecast Scenarios - Pessimistic, Conservative and Opportunistic
3.8. Mapping Market Players Activities
3.9. Recent Key Developments
3.10. Financial Status of the Market Players
3.11. Recent Acquisitions, Collaborations and Mergers
4. Global Power Transmission Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Power Transmission Market Forecast, By Component, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
5.1. Transformer
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Insulator
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Transmission Lines
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Transmission Towers
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Others
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
6. Global Power Transmission Market Forecast, By Current Levels, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
6.1. HVAC
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. HVDC
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Power Transmission Market Forecast, By Voltage, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
7.1. 132 kV
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. 220 kV
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. 440 kV
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. 660 kV
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. 765 kV & Above
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
8. Global Power Transmission Market Forecast, By End Users, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
8.1. Industrial
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Commercial
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
9. Global Power Transmission Market Forecast, By Region, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
9.1. North America
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Power Transmission Market - Opportunity Analysis Index, By Component, Current Levels, Voltage, End Users, and Region, 2023 - 2030
10. North America Power Transmission Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
10.1. Component Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Transformer
10.1.2. Insulator
10.1.3. Transmission Lines
10.1.4. Transmission Towers
10.1.5. Others
10.2. Current Levels Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
10.2.1. HVAC
10.2.2. HVDC
10.3. Voltage Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
10.3.1. 132 kV
10.3.2. 220 kV
10.3.3. 440 kV
10.3.4. 660 kV
10.3.5. 765 kV & Above
10.4. End Users Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
10.4.1. Industrial
10.4.2. Commercial
10.5. Country Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
10.5.1. U.S.
10.5.2. Canada
10.6. North America Power Transmission Market - Opportunity Analysis Index, By Component, Current Level, Voltage, End Users and Country, 2023 - 2030
10.7. North America Power Transmission Market Dynamics Trends
11. Europe Power Transmission Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
11.1. Component Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Transformer
11.1.2. Insulator
11.1.3. Transmission Lines
11.1.4. Transmission Towers
11.1.5. Others
11.2. Current Levels Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
11.2.1. HVAC
11.2.2. HVDC
11.3. Voltage Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
11.3.1. 132 kV
11.3.2. 220 kV
11.3.3. 440 kV
11.3.4. 660 kV
11.3.5. 765 kV & Above
11.4. End Users Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
11.4.1. Industrial
11.4.2. Commercial
11.5. Country Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Italy
11.5.5. Spain
11.5.6. Rest of Europe
11.6. Europe Power Transmission Market - Opportunity Analysis Index, By Component, Current Level, Voltage, End Users and Country, 2023 - 2030
11.7. Europe Power Transmission Market Dynamics Trends
12. Asia-Pacific Power Transmission Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
12.1. Component Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Transformer
12.1.2. Insulator
12.1.3. Transmission Lines
12.1.4. Transmission Towers
12.1.5. Others
12.2. Current Levels Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
12.2.1. HVAC
12.2.2. HVDC
12.3. Voltage Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
12.3.1. 132 kV
12.3.2. 220 kV
12.3.3. 440 kV
12.3.4. 660 kV
12.3.5. 765 kV & Above
12.4. End Users Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
12.4.1. Industrial
12.4.2. Commercial
12.5. Country Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
12.5.1. Japan
12.5.2. China
12.5.3. India
12.5.4. ASEAN
12.5.5. Rest of Asia-Pacific
12.6. Asia-Pacific Power Transmission Market - Opportunity Analysis Index, By Component, Current Level, Voltage, End Users and Country, 2023 - 2030
12.7. Asia-Pacific Power Transmission Market Dynamics Trends
13. Latin America Power Transmission Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
13.1. Component Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Transformer
13.1.2. Insulator
13.1.3. Transmission Lines
13.1.4. Transmission Towers
13.1.5. Others
13.2. Current Levels Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
13.2.1. HVAC
13.2.2. HVDC
13.3. Voltage Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
13.3.1. 132 kV
13.3.2. 220 kV
13.3.3. 440 kV
13.3.4. 660 kV
13.3.5. 765 kV & Above
13.4. End Users Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
13.4.1. Industrial
13.4.2. Commercial
13.5. Country Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Argentina
13.5.3. Rest of Latin America
13.6. Latin America Power Transmission Market - Opportunity Analysis Index, By Component, Current Level, Voltage, End Users and Country, 2023 - 2030
13.7. Latin America Power Transmission Market Dynamics Trends
14. Middle East and Africa Power Transmission Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (Revenue, USD Million)
14.1. Component Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Transformer
14.1.2. Insulator
14.1.3. Transmission Lines
14.1.4. Transmission Towers
14.1.5. Others
14.2. Current Levels Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
14.2.1. HVAC
14.2.2. HVDC
14.3. Voltage Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
14.3.1. 132 kV
14.3.2. 220 kV
14.3.3. 440 kV
14.3.4. 660 kV
14.3.5. 765 kV & Above
14.4. End Users Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
14.4.1. Industrial
14.4.2. Commercial
14.5. Country Analysis 2019 - 2023 and Forecast 2023 - 2030 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Saudi Arabia
14.5.2. GCC Countries
14.5.3. South Africa
14.5.4. Rest of MEA
14.6. MEA Power Transmission Market - Opportunity Analysis Index, By Component, Current Level, Voltage, End Users and Country, 2023 - 2030
14.7. MEA Power Transmission Market Dynamics Trends
15. Competition Landscape 
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Component Offerings, Key Developments, Strategies, and SWOT Analysis)
15.2.1. ABB Ltd.
15.2.2. Siemens AG
15.2.3. Hitachi Ltd.
15.2.4. Schneider Electric SE
15.2.5. Bharat Heavy Electricals Ltd. (BHEL)
15.2.6. General Electric Co.
15.2.7. Fuji Electric Co. Ltd.
15.2.8. Mitsubishi Electric Corp.
15.2.9. Eaton Corp. plc
15.2.10. Gates Industrial Corp. plc
15.2.11. Tetra Tech, Inc.
16. Research Methodology
17. Key Assumptions and Acronyms
  • ABB Ltd.
  • Siemens AG
  • Hitachi Ltd.
  • Schneider Electric SE
  • Bharat Heavy Electricals Ltd. (BHEL)
  • General Electric Co.
  • Fuji Electric Co. Ltd.
  • Mitsubishi Electric Corp.
  • Eaton Corp. plc
  • Gates Industrial Corp. plc
  • Tetra Tech, Inc.

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