Electric Power Generation, Transmission, And Distribution Market Trends
The Electric Power Generation, Transmission, And Distribution Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Electric Power Generation, Transmission, And Distribution Global Market Report 2024, The electric power generation, transmission, and distribution market size has grown strongly in recent years. It will grow from $4775.54 billion in 2023 to $5089.02 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to fossil fuel-based generation, industrialization, population growth, grid expansion, advancements in power generation technologies.
The electric power generation, transmission, and distribution market size is expected to see strong growth in the next few years. It will grow to $6423.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to renewable energy transition, decentralization and distributed energy resources (ders), energy storage integration, electrification of transportation, grid modernization and digitalization. Major trends in the forecast period include smart grids, microgrids, electrification of heating and cooling, grid resilience and security, hydrogen as an energy carrier.
The power generation industry is expected to see increased investment activity in the forecast period. Investments in microgrid technology, renewable energy, and other advanced technologies are expected to drive the market. According to the Global Innovation Report, the total capacity of microgrids is expected to reach 1.2 GW by 2024 in North America, with an annual revenue of $4.2 billion. The United States Senate enacted a $1.2 trillion infrastructure bill in August 2021, which includes financing to accelerate clean energy initiatives. The growing investment in power generation will drive the growth of the electric power generation, transmission, and distribution markets.
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The Electric Power Generation, Transmission, And Distribution Market Covered In This Report Is Segmented –
Electric Power Generation, Transmission, And Distribution By Type:
Electric Power Transmission, Control, And Distribution
Power Generation
Electric Power Generation, Transmission, And Distribution By Type of Operator:
Public Operator
Private Operator
Electric Power Generation, Transmission, And Distribution By End-User:
Residential
Commercial
Industrial
Top Key Players:
Electricite De France SA
Enel SpA
Tokyo Electric Power Co Holdings Incorporated
E.ON SE
Korea Electric Power Corporation
Subsegments Covered: Electric Power Distribution; Electric Bulk Power Transmission And Control; Hydro Electricity; Fossil Fuel Electricity; Nuclear Electricity; Solar Electricity; Wind Electricity; Geothermal Electricity; Biomass Electricity; Other Electricity
The electric power generation, transmission, and distribution market report table of contents includes:
1. Executive Summary
2. Electric Power Generation, Transmission, And Distribution Market Characteristics
3. Electric Power Generation, Transmission, And Distribution Product/Service Analysis -Product/Service Examples
4. Electric Power Generation, Transmission, And Distribution Market Trends And Strategies
5. Electric Power Generation, Transmission, And Distribution Market – Macro Economic Scenario
……
68. Global Electric Power Generation, Transmission, And Distribution Market Competitive Benchmarking
69. Global Electric Power Generation, Transmission, And Distribution Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Electric Power Generation, Transmission, And Distribution Market
71. Electric Power Generation, Transmission, And Distribution Market Future Outlook and Potential Analysis
72. Appendix
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