Electric Transmission and Distribution Equipment Market Analysis By Equipment Type, Size, Share, Trend, Opportunities and Forecast 2025
The global electric transmission & distribution equipment market is projected to reach $ 254 billion by 2025. The electric transmission & distribution equipment comprise the equipment required for the transfer of electrical energy from a power generation plant to a distant electrical substation, with the help of interconnected lines, known as transmission network. The key factor responsible for the growth of global electric transmission & distribution equipment market includes growing demand for energy from residential, commercial and industrial segments. Moreover, rising number of electric system installations like air conditioners, lighting systems, ventilators and fire protection systems at residential and commercial places are some other factors, which are anticipated to boost the growth of electric transmission & distribution equipment across the globe over the coming years. Additionally, rapid technological advancements in transmission and distri...