Electrical Transmission & Distribution Market

Electrical Transmission & Distribution Market

  • Submitted By: hawer
  • Date Submitted: 09/29/2015 1:36 AM
  • Category: Technology
  • Words: 835
  • Page: 4

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Increasing use of renewable energy sources, aging infrastructure, and rising demand for electricity are encouraging
the need to improve transmission efficiency and energy security, thus contributing to the growth of electrical
transmission and distribution market. This market is forecasted to reach the market value of $33.45 billion by the
end of the year 2012 owing to the technological developments in transmission grid technology.
Most regions and countries are expected to experience strong growth in electric power transmission industry as
governments of most countries are engaging in upgrading and expanding the transmission and distribution
infrastructure. Emerging economies in power transmission and distribution equipment market are expected to drive
the growth of this market, while the US and European nations are expected to remain major contributors due to their
tremendous need for electrical power. This industry is further expected to witness market growth as economies
continue to invest heavily in electricity generation, transmission, and distribution networks.
Browse the full Electrical Transmission & Distribution Market report at
As national, regional, and continental electricity grids are interconnected, growth in national and regional markets is...

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