Electricity Transmission And Distribution Market Analysis: Growth, Size, Share & Future Trends (2024-2029)

The market report provided a comprehensive analysis segmented by Asset Type (Transmission Line, Distribution Line); by End- User (Electric Utility, Industrial, Renewables); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).

Outlook

• The electricity transmission and distribution market is estimated to be at USD 3,25,830.12 Mn in 2024 and is anticipated to reach USD 4,05,110.31 Mn in 2029. 

• The electricity transmission and distribution market is registering a CAGR of 4.45% during the forecast period of 2024-2029. 

• The electricity transmission and distribution market is driven by the need to modernize aging infrastructure, integrate renewable energy sources, and enhance grid resilience. Growth is fueled by increasing electrification and smart grid technologies. 

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Ecosystem

• The participants in the global electricity transmission and distribution market are always developing their strategies to preserve a competitive advantage.  

• The market is witnessing increased collaboration and consolidation, with companies forming strategic alliances and mergers to enhance their technological capabilities and market reach. For instance, the merger of GE’s grid solutions with Alstom’s grid business has strengthened their position in the global market. 

• Several important entities in the electricity transmission and distribution market include Duke Energy Corp.; National Grid Plc; Enel S.p.A.; E.on Group; American Electric Power Co., Ltd.; and others. 

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Findings

Attributes	Values
Historical Period	2018-2022
Base Year	2023
Forecast Period	2024-2029
Market Size (2024)	USD 3,25,830.12 Mn
Market Size (2029)	USD 4,05,110.31 Mn
Growth Rate	4.45% CAGR from 2024 to 2029
Key Segments	Asset Type (Transmission Line, Distribution Line); End User (Electric Utility, Industrial, Renewables); Geography (North America, South America, Asia Pacific, Europe, the Middle East, Africa)
Key Vendors	Duke Energy Corp.; National Grid Plc; Enel S.p.A.; E.on Group; American Electric Power Co., Ltd.
Key Countries	The U.S; Canada; Mexico; Brazil; Argentina; Colombia; Chile; China; India; Japan; South Korea; The UK; Germany; Italy; France; Spain; Turkey; UAE; Saudi Arabia; Egypt; South Africa
Largest Market	North America

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Trends

• Grid Modernization: The adoption of smart grid technologies is rapidly increasing, enabling real-time monitoring, automated fault detection, and improved energy efficiency. Governments and utilities are investing heavily in these systems to modernize infrastructure and integrate renewable energy sources.  

• Interconnected Super Grids: There is a growing trend towards developing interconnected super grids to enable cross-border electricity trading and optimize renewable energy use. For example, the European Union’s push for a Pan-European Super Grid aims to increase the share of renewables, with plans to connect 40 GW of offshore wind capacity by 2030. 

• Digitalization: Advanced analytics and IoT are transforming grid operations, enabling predictive maintenance and reducing costs. For instance, China State Grid’s digital transformation has reduced power restoration times by 30%. 

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Catalysts

• Urbanization and Electrification: Rapid urbanization in emerging economies is driving a significant increase in electricity demand as more people move to cities and require reliable power supply. The expansion of residential, commercial, and industrial developments creates a need for extensive transmission and distribution networks to meet the growing energy needs.  

• Renewable Energy Integration: The shift to renewable energy sources like wind and solar, which contributed 29% of global electricity generation in 2022, requires robust grid infrastructure to manage variability and deliver power efficiently. 

• Grid Modernization Initiatives: Governments are investing in smart grids to enhance efficiency and reliability. The U.S. allocated USD 65 billion in 2021 for grid modernization, leading to the deployment of advanced metering infrastructure (AMI), with 111 million smart meters installed by 2022. 

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Restraints

• Regulatory and Environmental Compliance: Stringent regulations and environmental concerns add layers of complexity to T&D projects. Navigating these regulatory landscapes often results in delays and increased costs for infrastructure development, challenging market growth and profitability.  

• Increasing Demand and Load Variability: With the rise of electric vehicles and renewable energy, demand spikes strain the grid. In Texas, peak demand in 2022 exceeded forecasts by 6%, contributing to grid instability during heatwaves. 

• Aging Infrastructure and Maintenance Costs: Many T&D systems, especially in developed regions, are outdated, leading to frequent breakdowns and inefficiencies. The high costs associated with maintaining and upgrading these aging infrastructures strain utility budgets, posing a challenge to profitability. 

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Table of Contents 

1.       Introduction         1.1.    Research Methodology         1.2.    Scope of the Study  2.       Market Overview / Executive Summary         2.1.    Global Electricity Transmission and Distribution Market (2018 – 2022)         2.2.    Global Electricity Transmission and Distribution Market (2023 – 2029)  3.       Market Segmentation         3.1.    Global Electricity Transmission and Distribution Market by Asset Type                3.1.1.    Transmission Line                3.1.2.    Distribution Line         3.2.    Global Electricity Transmission and Distribution Market by End- User                3.2.1.    Electric Utility                3.2.2.    Industrial                 3.2.3.    Renewables  4.       Regional Segmentation         4.1.    North America                4.1.1.    The US                4.1.2.    Canada                4.1.3.    Mexico         4.2.    South America                4.2.1.    Brazil                4.2.2.    Argentina                4.2.3.    Colombia                4.2.4.    Chile                4.2.5.    Rest of South America         4.3.    Asia Pacific                4.3.1.    China                4.3.2.    India                4.3.3.    Japan                4.3.4.    South Korea                4.3.5.    Rest of Asia Pacific         4.4.    Europe                4.4.1.    The UK                 4.4.2.    Germany                4.4.3.    Italy                4.4.4.    France                4.4.5.    Spain                4.4.6.    Rest of Europe         4.5.    The Middle East                4.5.1.    Turkey                4.5.2.    UAE                4.5.3.    Saudi Arabia                4.5.4.    Rest of the Middle East         4.6.    Africa                4.6.1.    Egypt                4.6.2.    South Africa                4.6.3.    Rest of Africa  5.       Value Chain Analysis of the Global Electricity Transmission and Distribution Market  6.       Porter Five Forces Analysis         6.1.    Threats of New Entrants         6.2.    Threats of Substitutes         6.3.    Bargaining Power of Buyers         6.4.    Bargaining Power of Suppliers         6.5.    Competition in the Industry  7.       Trends, Drivers and Challenges Analysis         7.1.    Market Trends         7.1.1.    Market Trend 1         7.1.2.    Market Trend 2         7.1.3.    Market Trend 3         7.2.    Market Drivers         7.2.1.    Market Driver 1         7.2.2.    Market Driver 2         7.2.3.    Market Driver 3         7.3.    Market Challenges         7.3.1.    Market Challenge 1         7.3.2.    Market Challenge 2         7.3.3.    Market Challenge 3  8.       Opportunities Analysis         8.1.    Market Opportunity 1         8.2.    Market Opportunity 2         8.3.    Market Opportunity 3  9.       Competitive Landscape         9.1.     Duke Energy Corp.         9.2.    National Grid Plc         9.3.    Enel S.p.A.         9.4.    E.on Group         9.5.    American Electric Power Co., Ltd.         9.6.    Company 6         9.7.    Company 7         9.8.    Company 8         9.9.    Company 9         9.10.  Company 10

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Electricity Transmission and Distribution Market – FAQs 

1.  What is the current size of the electricity transmission and distribution market? 

Ans. In 2024, the electricity transmission and distribution market size is $3,25,830.12 Mn  

2.  Who are the major vendors in the electricity transmission and distribution market?  

Ans. The major vendors in the electricity transmission and distribution market are Duke Energy Corp.; National Grid Plc; Enel S.p.A.; E.on Group; American Electric Power Co., Ltd.  

3.  Which segments are covered under the electricity transmission and distribution market segments analysis?  

Ans. The electricity transmission and distribution market report offers in-depth insights into Asset Type, End- User, and Geography.