Electric Transmission and Distribution Equipment Market to Reach $ 254 Billion
Growing demand for energy and increasing technological advancements are expected to drive the global electric transmission & distribution equipment market during forecast period According to TechSci Research report, “ Global Electric Transmission & Distribution Equipment Market By Equipment Type, By Voltage, By End-User, By Region, Competition, Forecast & Opportunities, 2025” , the global electric transmission & distribution equipment market is estimated to reach nearly $ 254 billion by 2025 on account of increasing demand for electricity, new power generation capacity additions and the expansion of electricity transmission and distribution infrastructure, globally. Moreover, electrification of large sectors coupled with digitization of the grids and meters is expected to bolster the growth of global electric transmission & distribution equipment market over the coming years. Furthermore, transition from conventional to modular switchgears across th...