Global Grid Equipment Market Key Growth Opportunities - Leveraging Technology and Optimizing Cost on the Factory Floor

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Jan 16, 2024, 18:30 ET

DUBLIN, Jan. 16, 2024 /PRNewswire/ -- The "Global Grid Equipment Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

Rising electricity demand complemented by sustained scaling up of renewable energy worldwide will boost investments in power transmission and distribution (T&D) infrastructure and grid assets, including transformers, switchgear, and cables. The report forecasts that the global grid equipment market revenue will reach $232.74 billion in 2030, with cables being the largest segment, followed by transformers and switchgear.

The market faces multiple challenges after the COVID-19 pandemic, such as raw material price volatility, supply chain disruption, inflation, and high demand and supply gap. Despite the maturity of the grid equipment market, strong electricity demand, rising electrification rates, economic development, and increasing population in China, India, Asia, the Middle East, and Africa will boost the market. In addition, the aging power grid leads to a broader market adoption of electrification, and the transition from fossil fuel to clean energy will boost the demand for T&D equipment.

Grid hardening and modernization, urgent network upgrades, and improved system resilience will positively affect market demand. Industry development will be directed toward higher adoption of digitalization and sustainable solutions. Raw material reuse and sustainability will become an increasingly important part of any value proposition.

With 2023 as the base year, the study period is 2022-2030, and the forecast period is 2024-2030.

This research service analyzes the most recent trends in the following regions:

North America
Europe
Russia and the Commonwealth of Independent States
China
East Asia
Australia, New Zealand, and the Pacific
Association of Southeast Asian Nations
India and the Rest of South Asia
The Middle East
Africa
Latin America

The study also offers an overview of the overall transformers, switchgear, and cables market. The report has analyzed key country markets and regions as well as growth drivers and restraints likely to impact growth and determine the market potential of grid equipment over the next decade.

Key Topics Covered:

Growth Opportunity Analysis

Primary Findings
Scope of Analysis
Geographical Scope
Key Competitors
Forecast Assumptions
Grid Equipment Market
Primary Grid Equipment Market Trends
Energy Transition and the Rise of Renewables
Raw Material Price Pressures Continuing
Lead Times and the Supply Chain Crunch
The Disruptive Potential of EVs on the Grid
The Digitalization of Grid Equipment
Localization and Sustainability
Growth Drivers
Growth Restraints

Growth Opportunity Universe

Growth Opportunity 1 - Digitalization to Improve Reliability
Growth Opportunity 2 - As-a-service Business Model
Growth Opportunity 3 - Eco-friendly Solutions
Growth Opportunity 4 - Leveraging Technology and Optimizing Cost on the Factory Floor

Growth Opportunity Analysis - Transformers

Revenue Forecast by Region
Revenue Forecast Analysis by Region
Power Transformer Revenue Forecast
Distribution Transformer Revenue Forecast
Competitive Environment
Power Transformer Revenue Share
Distribution Transformer Revenue Share
Revenue Share Analysis

Growth Opportunity Analysis - Switchgear

Revenue Forecast by Region
Revenue Forecast Analysis by Region
HV Switchgear Revenue Forecast
MV Switchgear Revenue Forecast
Competitive Environment
HV Switchgear Revenue Share
MV Switchgear Revenue Share
Revenue Share Analysis

Growth Opportunity Analysis - Power Cables

Revenue Forecast by Region
Revenue Forecast Analysis by Region
Overhead Power Cable Revenue Forecast
Overhead Distribution Cable Revenue Forecast
Underground/Subsea Cable Revenue Forecast
Competitive Environment
Revenue Share
Revenue Share Analysis

For more information about this report visit https://www.researchandmarkets.com/r/yt0jmp

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