Power Generation, Transmission And Control Equipment Market Report 2026

Power Generation, Transmission And Control Equipment Market Overview

• Power Generation, Transmission And Control Equipment market size has reached to $550.01 billion in 2025

• Expected to grow to $682.86 billion in 2030 at a compound annual growth rate (CAGR) of 4.6%

• Growth Driver: Elevated Demand For Electricity Drives Future Growth In The Power Generation, Transmission, And Control Equipment Market

• Market Trend: ABB Launches High-Efficiency IE5 SynRM Liquid-Cooled Motors, Pioneering Innovation in Power Generation and Control Equipment Marke

• Asia-Pacific was the largest region in 2025 and Western Europe is the fastest growing region.

What Is Covered Under Power Generation, Transmission And Control Equipment Market?

Power generation equipment is defined as electrical machinery apparatus used in the generation of electric power. Power transmission equipment helps to transfer energy from its source to a location where it can be used for any activity. Power control equipment is defined as devices that restrict or regulate steady-state currents.

The main types of power generation, transmission, and control equipment are transformer, electric motor and generator, switchgear and switchboard apparatus, relay, and industrial controls. A transformer is a device that converts electric energy from one alternating-current circuit to one or more other circuits by increasing (stepping up) or decreasing (stepping down) the voltage. The equipment is used for residential, commercial, automotive, and other applications by private and public end-use sectors.

What Is The Power Generation, Transmission And Control Equipment Market Size 2026 And Growth Rate?

The power generation, transmission and control equipment market size has grown steadily in recent years. It will grow from $550.01 billion in 2025 to $570.54 billion in 2026 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to increase in industrial power needs, rise in urban electricity consumption, expansion of traditional grid infrastructure, demand for basic electric motors and generators, adoption of early relay and switchgear equipment.

Global Power Generation, Transmission And Control Equipment Market Segmentation

1) By Type: Transformer, Electric Motor And Generator, Switchgear And Switchboard Apparatus, Relay And Industrial Controls

2) By Application: Residential, Commercial, Automotive, Other Applications

3) By End User Sector: Private, Public

Subsegments:

1) By Transformer: Power Transformer, Distribution Transformer, Instrument Transformer

2) By Electric Motor And Generator: AC Motors, DC Motors, Synchronous Generators, Asynchronous Generators

3) By Switchgear And Switchboard Apparatus: High Voltage Switchgear, Low Voltage Switchgear, Circuit Breakers, Disconnect Switches

4) By Relay And Industrial Controls: Electromechanical Relays, Solid State Relays, Programmable Logic Controllers (PLCs), Control Panels

What Is The Driver Of The Power Generation, Transmission And Control Equipment Market?

The rising demand for electricity is expected to propel the growth of the power generation, transmission, and control equipment market going forward. Electricity is a form of energy resulting from the existence of charged particles (such as electrons or protons), either statically as an accumulation of charge or dynamically as a current of electrons. Electricity demand attracts investments, spur innovation, and lead to the development of more advanced and efficient technologies, and further encourages research and development efforts to improve the efficiency and reliability of power generation, transmission, and control equipment. For instance, in August 2023, according to Exxon Mobil Corporation, a US-based natural gas company, electricity demand would rise by 1.8%-year, accounting for roughly 50% of this industry by the year 2050. Therefore, rising electricity demand is driving the growth of the power generation, transmission, and control equipment market.

Key Players In The Global Power Generation, Transmission And Control Equipment Market

Major companies operating in the power generation, transmission and control equipment market are Hitachi Ltd., Siemens AG, General Electric Company, Caterpillar Inc., Schneider Electric SE, Mitsubishi Electric Corp., Honeywell International Inc., Mitsubishi Heavy Industries Ltd., ABB Ltd., Toshiba Corporation, Cummins Inc., Eaton Corporation, Larsen & Toubro Limited, Alstom SA, Nidec Corp., Rolls-Royce Holdings plc, Emerson Electric Co., Kawasaki Heavy Industries Ltd., Rockwell Automation Inc., Fuji Electric Co. Ltd., Wärtsilä Corporation, Bharat Heavy Electricals Limited, Bharat Electronics Limited, Crompton Greaves Ltd., Doosan Heavy Industries & Construction Co. Ltd.

Global Power Generation, Transmission And Control Equipment Market Trends and Insights

Major companies operating in the power generation, transmission, and control equipment market are focusing on innovative products such as liquid-cooled motor. A liquid-cooled motor uses circulating liquid to manage its temperature, preventing overheating and improving performance by dissipating excess heat through a cooling system. For instance, in February 2024, ABB Ltd., a Switzerland-based automation company launched, IE5 SynRM motor. IE5 SynRM Liquid-cooled motors merge ultra-efficient SynRM technology with high-performance liquid cooling, delivering compact, powerful solutions that cut energy and maintenance costs, making them an ideal upgrade over traditional induction motors.

What Are Latest Mergers And Acquisitions In The Power Generation, Transmission And Control Equipment Market?

In November 2024, Relevant Industrial LLC, a US-based provider of industrial equipment solutions, acquired Control Specialists, LLC (CSI) for an undisclosed amount. With this acquisition, Relevant Industrial aims to expand its capabilities in combustion, process control, automation, and industrial services while strengthening its geographic footprint and customer support across key industries in the Midwest. Control Specialists, LLC is a US-based provider of process instrumentation, control systems, and specialized industrial services.

Regional Outlook

Asia-Pacific was the largest region in the power generation, transmission and control equipment market in 2025. Western Europe was the second largest region in the power generation, transmission and control equipment market. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in this market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

What Defines the Power Generation, Transmission And Control Equipment Market?

The power generation, transmission, and control equipment market consist of sales of low-power transformers, medium-power transformers, high-power transformers, electric motors, electric generators, switchboards, switchgear, relays, industrial controls, and other power generation, transmission, and control equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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 Key Data and Analysis Are Included in the Power Generation, Transmission And Control Equipment Market Report 2026?

The power generation, transmission and control equipment market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the power generation, transmission and control equipment industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.