Power Transmission, Control And Distribution Market 2019-2022 Global Research Report

Power Transmission, Control And Distribution Market 2019-2022 Global Research Report

“Power Transmission, Control, And Distribution Market By Type Of Product (Power Transmission, Control, And Distribution And Power Generation), Trends And Market Information – Global Forecast To 2022”
Enel Was The Largest Company In The Power Transmission, Control, And Distribution Market, According To TBRC’s Report (Companies: Enel, Korea Electric Power, Électricité de France, RWE Group and E. ON)

The market for power transmission, control, and distribution reached a value of nearly $2.4 trillion in 2017. Asia Pacific is the largest market for electric power transmission, control, and distribution companies, accounting for around 35% of the global market. The USA is the largest country in terms of value in the power transmission, control, and distribution market.

Electric power transmission, control, and distribution includes establishments involved in operating electric power transmission and distribution systems that control the transmission of electricity from the source to consumers.

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Power Transmission, Control, And Distribution Market Size

The power transmission, control, and distribution market is expected to grow at a growth rate of around 3% to nearly $4.2 trillion by 2022.Growth in the historic period resulted from rise in power consumption and regulatory changes to boost electricity transmission and distribution. Going forward, investments in renewable energy, economic growth, increasing demand for electricity from manufacturing, growing use of electricity in transportation will drive growth. Factors that negatively affected growth in the historic period were electricity transmission and distribution losses and rise in debts.

The global market for generation, transmission, and distribution is highly fragmented. Major players in the market are Enel, Korea Electric Power, Électricité de France, RWE Group and E.ON.

Enel is the largest company in the electric power transmission, control and distribution market with a market share of around 2% in 2017. Enel is a power generating and supplying company founded in 1962, based out of Rome, Italy. The company operates power generation plants across 11 countries in the America’s. Enel also operates in other 20 countries across the world employing close to 70,000 people with 2.1 million kilometers of grid network and a net installed capacity of around 83 Giga Watts.

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Growth in the historic period resulted from rise in power consumption and regulatory changes to boost electricity transmission and distribution. Going forward, investments in renewable energy, economic growth, increasing demand for electricity from manufacturing, growing use of electricity in transportation will drive growth. Factors that negatively affected growth in the historic period were electricity transmission and distribution losses and rise in debts. Factors that could hinder the growth of this market in the future are aging power transmission and distribution infrastructure, interest rate increases and environmental regulations.

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