Transmission and Distribution Equipment Market

Transmission and Distribution Equipment Market Segmentation by Type (Switchgears, Transformers, Meters, and Inductors & Capacitors); by Application (Commercial and Industrial)– Global Demand Analysis & Opportunity Outlook 2015-2024

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Report ID: 3028 | Published On: Feb 01, 2022
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


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Global Transmission and Distribution Equipment Market Highlights during 2015–2024

The global transmission and distribution equipment market attained revenue of USD 157 Billion in 2015 and in estimated to garner USD 273 Billion in 2024 by growing at a CAGR of 6.36% over the forecast period i.e. 2020-2024. The rapidly growing demand for energy and aging transmission and distribution infrastructure are the major factors responsible for the growth of the market. For instance, the global energy demand has significantly increased over the last few decades. As per the EIA statistics, the overall energy demand is expected to increase by 50% by the year 2050. Such an increase in demand for energy can be attributed to rapid population and economic growth, especially in emerging economies. Moreover, energy demand from the industrial sector also showcased significant growth in the past few years which is further projected to increase by 30% between 2018 and 2050. Refining, mining, manufacturing, construction, and agriculture are among the key industrial sectors, accounting for almost half of the overall energy consumption. Despite the challenges such as low energy demand owing to its decreased consumption, reduced cash flow, and closure of operations due to COVID-19, the power sector players are working their way toward recovering from the losses and retain their position to pre-pandemic levels while working on the strategies for post pandemic recovery and growth.

Transmission and Distribution Equipment Market Graph


Global Transmission and Distribution Equipment Market Segmentation Regional Synopsis

Regionally, the global market is segmented into five major regions comprising North America, Asia Pacific, Europe, South America, and Middle East & Africa. Among the markets in these regions, the Asia Pacific transmission and distribution equipment market is estimated to hold leading market share throughout the forecast period by growing at a CAGR of 7.23%, whereas, North America market is projected to hold second leading stance with the United States generating significant growth opportunities for the market growth. As per the 2018 estimation, the power transformers and transmission lines in the U.S. are more than 25 years or older. Such aging infrastructure leads to an increasing number of power outages and equipment failures, making T&D equipment more susceptible to both nominal and extreme weather events. This is estimated to drive market growth in the region. Additionally, the market in Middle East and Africa accounted for around USD 17 billion in 2019 and is estimated to witness growth in upcoming years. CLICK TO DOWNLOAD SAMPLE REPORT

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Transmission and Distribution Equipment Image


Growth Drivers and Challenges Impacting the Growth of the Global Transmission and Distribution Equipment Market

Growth Drivers

  • Rapidly Growing Demand for Energy
  • Aging Transmission and Distribution Infrastructure

Challenges

  • Inadequate Periodic Testing and Inspection of Power Distribution and Transmission Equipment
  • High Capital Investment


Transmission and Distribution Equipment Market Graph
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Global Transmission and Distribution Equipment Market Segmentation Synopsis

The global transmission and distribution equipment market is segmented by type into switchgears, transformers, meters, inductors and capacitors, and by application, the market is bifurcated into commercial and industrial applications. The switchgear segment accounted for highest share throughout 2015-2020, and is further estimated to hold this position and attain 47% of the market share in 2024.  Among the applications, the commercial segment is estimated to garner highest market revenue by the end of 2024 owing to rise in installations of electrical systems such as air conditioners, ventilators, lighting systems, and fire protection systems among others at commercial buildings.

Transmission and Distribution Equipment Market Value Graph


Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global transmission and distribution equipment market that are included in our report are  ABB, Siemens AG, Schneider Electric, General Electric, Mitsubishi Electric, Eaton Corporation PLC, TBEA, Fuji Electric, China XD Group, BHEL, and others.


Transmission and Distribution Equipment Image

Key Questions Answered in the Report

1) What are the major factors driving the growth of the transmission and distribution equipment market?

Ans: Rising demand for energy and aging transmission and distribution infrastructure are major factors driving the market growth.

2) What would be the CAGR of transmission and distribution equipment market over the forecast period?

Ans: The market is anticipated to attain a CAGR of 6.36% over the forecast period i.e. 2020-2024.

3) What are the challenges affecting the transmission and distribution equipment market growth?

Ans: Huge investment and maintenance cost associated with transmission and distribution equipment is estimated to act as barriers to the market growth.

4) Which region will provide more business opportunities for growth of transmission and distribution equipment market in future?

Ans: Asia Pacific is estimated to create notable growth opportunities for market growth over the forecast period.

5) Who are the major players dominating the transmission and distribution equipment market?

Ans: The major players in the market are ABB, Siemens AG, Schneider Electric, General Electric, Mitsubishi Electric, Eaton Corporation PLC, TBEA, Fuji Electric, China XD Group, BHEL, and others

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the global transmission and distribution equipment market?

Ans: The market is segmented by type and application.

8) Which segment captures the largest market size in application segment in the global transmission and distribution equipment market?

Ans: The commercial segment is anticipated to hold largest market size in value and is estimated to display significant growth opportunities.

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