North America Electric Power Transmission And Distribution Equipment Market Size & Outlook
The electric power transmission and distribution equipment market in North America is expected to reach a projected revenue of US$ 30.9 billion by 2030. A compound annual growth rate of 3.1% is expected of North America electric power transmission and distribution equipment market from 2023 to 2030.
Revenue, 2022 (US$B)
$24.2
Forecast, 2030 (US$B)
$30.9
CAGR, 2023 - 2030
3.1%
Report Coverage
North America
North America Electric Power Transmission And Distribution Equipment Market, 2018-2030 (US$B)
Global Market
Related Markets
North America electric power transmission and distribution equipment market highlights
- The North America electric power transmission and distribution equipment market generated a revenue of USD 24.2 billion in 2022.
- The market is expected to grow at a CAGR of 3.1% from 2023 to 2030.
- In terms of segment, transformer was the largest revenue generating product in 2022.
- Insulators & Fittings is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 24.2 billion |
| Market revenue in 2030 | USD 30.9 billion |
| Growth rate | 3.1% (CAGR from 2022 to 2030) |
| Largest segment | Transformer |
| Fastest growing segment | Insulators & Fittings |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Transformer, Switchgear, Insulators & Fittings, Cables & Lines |
| Key market players worldwide | ABB Ltd, Siemens AG, Schneider Electric SE, Eaton Corp PLC, GE Renewable Energy |
Other key industry trends
- In terms of revenue, North America region accounted for 11.5% of the global electric power transmission and distribution equipment market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 190.8 billion by 2030.
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Electric Power Transmission And Distribution Equipment Market Scope
Electric Power Transmission And Distribution Equipment Market segmentation & scope
Electric Power Transmission And Distribution Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Schneider Electric SE | View profile | 162,339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | www.se.com |
| ABB Ltd | View profile | 108,700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | www.abb.com |
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| Eaton Corp PLC | View profile | 94,000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | www.eaton.com |
| GE Renewable Energy | View profile | 10001+ | Boulogne-billancourt, Ile-de-France, France, Europe | www.ge.com/renewableenergy |
North America Electric Power Transmission And Distribution Equipment Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Electric Power Transmission And Distribution Equipment Market Outlook will help companies and investors design strategic landscapes.
Transformer was the largest segment with a revenue share of 27.69% in 2022.
Horizon Databook has segmented the North America electric power transmission and distribution equipment market based on transformer, switchgear, insulators & fittings, cables & lines covering the revenue growth of each sub-segment from 2018 to 2030.
- North America Electric Power Transmission And Distribution Equipment Market Products Outlook (Revenue, USD Billion , 2018-2030)
- Transformer
- Switchgear
- Insulators & Fittings
- Cables & Lines
- Others
- North America Electric Power Transmission And Distribution Equipment Market Sales Channel Outlook (Revenue, USD Billion , 2018-2030)
- Indirect Channel
- Direct Channel
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America Electric Power Transmission And Distribution Equipment Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Electric Power Transmission And Distribution Equipment Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Electric Power Transmission And Distribution Equipment Market, 2018-2030 (US$B)
North America electric power transmission and distribution equipment market statistics, by product, 2018-2030 (USD Billion)
