Kenneth Research, in its repository of market research reports, has recently added a report on Transmission And Distribution (T And D) Equipment Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Transmission And Distribution (T And D) Equipment Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Transmission And Distribution (T And D) Equipment Market products.
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According to the statistics by the World Bank, exports of fuel increased from 12.91% of merchandise exports in 2001 to 14.25% of merchandise exports in 2018. Additionally, imports of fuel registered a growth by 1.28x between the years 2001 and 2018. In 2001, the import of fuel was 10.30% of merchandise exports whereas in 2018, it was 13.19% of merchandise exports. On the other hand, the increasing focus of the players in the energy and power industry to lower their cost of operations so as to enhance their profitability, is also anticipated to contribute to the market growth. The natural gas rents, which is defined as the difference between the total cost of production of natural gas and the production value at world prices, decreased significantly from 0.40% of GDP in 2001 to 0.18% of GDP in 2017. Alternatively, the oil rents, which increased from 1.09% of GDP in 2001 to 1.30% of GDP in 2019, portrays the need amongst the players to enhance their focus in reducing the cost of production of oil.
Kenneth Research has released a report on Transmission And Distribution (T And D) Equipment Market that studies the segments, trends, opportunities, growth drivers and restraints for the market throughout the forecast period, i.e. 2021 2025. The report further contains key matrices and industrial insights that helps decision makers to understand better about the market, including both the current scenario as well as the consequences in the coming years.
By Region (Americas, Europe, Asia Pacific, Middle East Africa) and By Country (United States, Canada, Mexico, Brazil, Rest of Americas, Germany, France, Italy, United Kingdom, Rest of Europe, China, Japan, India, Rest of APAC, Middle east, Africa).
The Global Transmission and Distribution Equipment market has been assessed for the historical period of 2014-2018 and the forecast period of 2019-2024).
Global Transmission and distribution Equipment market is expected to grow owing to the increase in the power supply demand, backed with burgeoning demand of electrical products like switchgears and transformers in order to transmit high voltages over long distance. Power generation capacity is rising globally to meet the increasing demand of growing population and emerging industrialization in various parts of the world. This rapid growth in power sector has led to large number of installations of power plants which is propelling the market.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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According to Analytics research report Global Transmission & Distribution (T&D) Equipment Market by value is projected to display a growth represented by a CAGR of over 7.25% during 2019 – 2024, primarily driven by growing urbanization and major initiatives taken by the governments in developing countries for the development of power sector. Transmission & Distribution Equipment market is anticipated to lift on account of growing electricity demand and backed with rapid urbanization and industrial activities in developing countries. The demand is growing from major developing countries for the installation of power plants under power projects.
The report titled “Global Transmission & Distribution (T&D) Equipment Market: Analysis By Equipment Type (Switchgears, Transformers, Meters, Inductors & Capacitors, Others), By Switchgear Type (Circuit Breakers, Relays, Switches, Fuses, Instrument Transformers, Others), By voltage Type (Low Voltage, Medium Voltage, High Voltage), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024)” has covered and analysed the potential of Global Transmission and distribution Equipment market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation.
Scope of the Report
Global Transmission and distribution Equipment market (Actual Period: 2018, Forecast Period: 2019-2024)
• Global Transmission and distribution Equipment Market (Value) – Size, Growth, Forecast
• By Equipment Type – Switchgears, Transformers, Meters, Inductors & Capacitors, Others
• By Voltage Type – Low Voltage, Medium Voltage, High Voltage
Regional Analysis – Americas, Europe, Asia Pacific, Middle East and Africa (Actual Period: 2018, Forecast Period: 2019-2024)
• Transmission and distribution Equipment Market (Value) – Size, Growth, Forecast
• By Equipment Type – Switchgears, Transformers, Meters, Inductors & Capacitors, Others
• By Voltage Type – Low Voltage, Medium Voltage, High Voltage
Country Analysis – United States, Canada, Mexico, Brazil, Germany, France, Italy, United Kingdom, Rest of Europe, China, Japan, India (Actual Period: 2018, Forecast Period: 2019-2024)
• Transmission and distribution Equipment Market (Value) – Size, Growth, Forecast
• By Equipment Type – Switchgears, Transformers, Meters, Inductors & Capacitors, Others
• By Voltage Type – Low Voltage, Medium Voltage, High Voltage
Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Market Trends
• Porter Five Force Analysis
• Competitive Landscape
• Company Analysis – Schneider Electric, SIEMENS, GE, Mitsubishi Electric, ABB, Eaton Corporation PLC, BHEL, China XD Group, TBEA, Fuji Electric
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
Table of Contents
1. Research Methodology
2. Executive Summary
3. Strategic Recommendations
4. Product Overview
5. Market Dynamics
5.1 Market Trends
5.2 Market Drivers
5.3 Market Challenges
6. Competitive Landscape
6.1 Product Benchmarking
6.2 Porter’s Five Force Analysis
6.3 SWOT Analysis
6.4 Market Share of Global Players
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