New Research: Lucintel Predicts a Bright Future for the Electric Transmission and Distribution Equipment Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Global Electric Transmission and Distribution Equipment Industry”?

This market report for electric transmission and distribution equipment identifies and predicts future opportunities for growth in global electric transmission and distribution equipment industry for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for electric transmission and distribution equipment in the power utilities, residential, commercial, and industrial sectors.

According to Lucintel’s market report, the global electric transmission and distribution equipment market is expected to reach an estimated $324 billion by 2024 with a CAGR of 5% from 2019 to 2024. Some of the dominant players in the global electric transmission and distribution equipment market are ABB, Siemens AG, Mitsubishi Electric Corp., Schneider Electric, General Electric, Xian XD Switchgear Electric, and Crompton Greaves and others.

There are some interesting developments in global electric transmission and distribution equipment market as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include growing implementation of smart grid technology, implementation of advanced metering infrastructure, and transition from conventional to modular switchgears.

Read more about this report at:

https://www.lucintel.com/electric-transmission-and-distribution-equipment-m.aspx

Feel free to download research content by clicking:

https://www.lucintel.com/rb/electric-transmission-and-distribution-equipment-m.aspx

You can also get sample pages by clicking:

https://www.lucintel.com/ds/electric-transmission-and-distribution-equipment-m.aspx

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