How Is The Electric Power Generation, Transmission, And Distribution Market Segmented?
The electric power generation, transmission, and distribution market covered in this report is segmented –
1) By Type: Electric Power Transmission, Control, And Distribution, Power Generation
2) By Type of Operator: Public Operator, Private Operator
3) By End-User: Residential, Commercial, Industrial
Subsegments:
1) By Electric Power Transmission: Overhead Transmission Lines, Underground Transmission Lines, High-Voltage Direct Current (HVDC) Transmission, Substations
2) By Control: Grid Management Systems, SCADA (Supervisory Control and Data Acquisition) Systems, Protection and Automation Systems, Power Control Systems, Voltage Regulation Equipment
3) By Distribution: Low-Voltage Distribution Systems, Medium-Voltage Distribution Systems, smart grid technology, Distribution Transformers, Distribution Substations
4) By Power Generation: Fossil Fuel-Based Power Generation, Nuclear Power Generation, Renewable Energy Generation, Hydroelectric Power Generation, Combined Heat and Power (CHP) Generation, Distributed Power Generation
What Is Driving The Electric Power Generation, Transmission, And Distribution Market? Increased Investment Activity Expected To Boost Power Generation Industry
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.
What Is Driving The Electric Power Generation, Transmission, And Distribution Market? Increasing Demand For Electricity Fuels Growth In The Electric Power Generation, Transmission, And Distribution Market
The increasing demand for electricity is expected to propel the growth of the electric power generation, transmission, and distribution market going forward. Electricity is the flow of electric charge through conductors, powering various electrical devices and systems. Electric power generation, transmission, and distribution form the essential infrastructure for supplying electricity across a grid, converting energy sources into usable electrical power, and delivering it efficiently to consumers. For instance, in September 2023, according to the International Energy Agency, a France-based autonomous intergovernmental organization, in Colombia, the total net electricity production reached 7.0 terawatt-hours (TWh) in June 2023, marking a 1.1% increase on a year-to-date basis. Therefore, the increasing demand for electricity is driving the growth of the electric power generation, transmission, and distribution market.
Who Are The Major Players In The Global Electric Power Generation, Transmission, And Distribution Market?
Major companies operating in the electric power generation, transmission, and distribution market include Electricite De France SA, Enel SpA, Tokyo Electric Power Co Holdings Incorporated, E.ON SE, Korea Electric Power Corporation, State Power Investment Corporation, Iberdrola SA, Exelon Corp, Engie SA, Duke Energy Corp, American Electric Power Co Inc., Ameren Corporation, American Transmission Co, Avangrid Inc., Berkshire Hathaway Inc., Black Hills Corporation, Calpine Corp, CenterPoint Energy Inc., Dominion Energy Inc., Southern California Edison Company, El Paso Electric Railway Company, Engie North America Inc., Entergy Corporation, Exelon Corporation, FirstEnergy Corp, Great Plains Energy Incorporated, Hawaiian Electric Industries Inc., Idaho Power Co, MidAmerican Energy Co, National Grid Plc, NextEra Energy Inc., NRG Energy Inc., Oncor Inc., Pacific Gas and Electric Company, Pennsylvania Power & Light Corp, Public Service Enterprise Group Inc., Southern Company, Xcel Energy Inc.
What Are The Key Trends Of The Global Electric Power Generation, Transmission, And Distribution Market? Hitachi Develops Next-Generation Load Dispatching System To Optimize Japan's Power Grid
Major players in the electric power generation, transmission, and distribution market are focusing on developing solutions such as next-generation nationwide load dispatching systems. A next-generation nationwide load dispatching system is a centralized platform designed to optimize the balance between electricity supply and demand across a large geographical area, ensuring efficient grid management. Key features include load frequency control (LFC), nationwide generator start-stop planning, supply-demand optimization, integration of renewable energy sources, scalability, flexibility, and a unified interface for multiple operators to ensure enhanced resilience, cost reduction, and regulatory compliance. For instance, in November 2024, Hitachi, Ltd., a Japan-based multinational company with operations in sectors such as engineering and electronics, nuclear, transportation, and industrial systems, has received an order to build a next-generation nationwide load dispatching system for Transmission and Distribution IT & OT Systems LLC, a joint venture of Japan's major power transmission companies. The system, utilizing Hitachi Energy's globally proven Network Manager package, will optimize electricity distribution across Japan, enhance resilience, and support the country's transition to carbon neutrality through improved energy management and integration of renewable energy.
What Are The Key Trends Of The Global Electric Power Generation, Transmission, And Distribution Market? Schneider Electric Introduces Easyset MV Switchgear For Enhanced Energy Management In Medium Voltage Systems
Major players in the electric power generation, transmission, and distribution market are focusing on innovation in energy management, such as EasySet MV air-insulated indoor switchgear, to enhance reliability, efficiency, and sustainability in electrical distribution systems. The EasySet MV air-insulated indoor switchgear is a compact, modular electrical distribution solution designed for medium voltage applications, utilizing vacuum circuit breaker technology. For instance, in April 2024, Schneider Electric SE, a France-based multinational corporation that specializes in digital automation and energy management, has launched its new EasySet MV air-insulated indoor switchgear, designed to offer high performance and ease of operation, monitoring, and maintenance for medium voltage electrical distribution. The compact, modular switchgear features vacuum circuit breaker technology and a digital connectivity option, setting new standards in reliability, efficiency, and sustainability in the industry.
Regional Outlook For The Global Electric Power Generation, Transmission, And Distribution Market
Asia-Pacific was the largest region in the electric power generation, transmission, and distribution market in 2024. Western Europe was the second largest region in the electric power generation, transmission, and distribution market. The regions covered in the electric power generation, transmission, and distribution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the electric power generation, transmission, and distribution market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
What Defines the Electric Power Generation, Transmission, And Distribution Market?
The electric power generation, transmission, and distribution market include revenues earned by entities by providing services such as single-phase AC systems, two-phase AC systems, three-phase AC systems, and DC systems. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Electric Power Generation, Transmission, And Distribution Industry?
The electric power generation, transmission, and distribution market research report is one of a series of new reports from The Business Research Company that provides electric power generation, transmission, and distribution market statistics, including electric power generation, transmission, and distribution industry global market size, regional shares, competitors with an electric power generation, transmission, and distribution market share, detailed electric power generation, transmission, and distribution market segments, market trends and opportunities, and any further data you may need to thrive in the electric power generation, transmission, and distribution industry. This electric power generation, transmission, and distribution market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry
