Energy and Power

The global power T&D equipment is growing rapidly. Power generation companies are rapidly enhancing their renewable capacities and establishing high-power solar photovoltaic projects. The scope of these packages involves the supply, design, engineering, construction, testing, commissioning, and O&M of grid-connected solar PV plants. Besides, market growth attributes to the rising demand for power. Moreover, the latest developments in industrialization escalate market growth. According to Market Research Future (MRFR), the global power T&D equipment market is forecasted to reach an impressive valuation by 2030, growing at a 7.35% CAGR during the assessment period (2021 – 2030). The spurting rise in automation and increased budgets in utilities substantiate the market demand. Augmenting demand for efficient power management and constant upgrade activities of aging grid infrastructure increase the market size. Additionally, rapid industrialization and growing demand for p...

The power T&D equipment market is poised to witness steady growth. The ever-increasing electricity demand, alongside the constant rise in implementations and upgrades of power grids, would support the market growth. Market Research Future (MRFR) confirms that the global power T&D equipment market is forecasted to reach USD 284.23 Billion by 2032, growing at a 7.40% CAGR during the assessment period (2023-2032). Power generation companies are rapidly enhancing their renewable capacities and establishing high-power solar photovoltaic projects. The scope of these packages involves the supply, design, engineering, construction, testing, commissioning, and O&M of grid-connected solar PV plants. Moreover, the latest developments in industrialization escalate market growth.  The spurting rise in automation and increased budgets in utilities substantiate the market demand. Augmenting demand for efficient power management and increase in upgrades of aging grid infrastruct...