Electric Power Transmission Market Report 2025 (Global Edition)

Global Electric Power Transmission Market Report 2025 Market Size Split by Product Type (Transformer, Insulators & Fittings, Cables & Lines, Others), by Sales Channel (Direct Channel, Indirect Channel...

Electric Power Transmission Market Report Description

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Competitive Landscape of the Electric Power Transmission Market

The competitive landscape of the electric power transmission market is characterized by a wide range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Major players in the market account for a considerable share of the market and are concentrating on expanding their customer base across the world

Top Companies Market Share in Electric Power Transmission Industry: (In no particular order of Rank)

• Duke Energy Corporation (US)
• National Grid plc (UK)
• Enel SpA (Italy)
• E.ON SE (Germany)
• NextEra Energy Inc(US)
• Dominion Energy Inc (US)
• Tokyo Electric Power Company Holdings (Japan)
• American Electric Power Company Inc (US)
• Power Grid Corporation of India (India)
• State Grid Corporation of China (China)
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Electric Power Transmission Market

Which Region Dominates the Electric Power Transmission Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerged as the dominant region in the electric power transmission market due to the rapid adoption of the technology. The rising adoption of renewable energy authorities for electricity consumption drives the market to expand. The increasing investments in electric power transmission and distribution equipment would, along with the existence of prominent key players in the market, drive the expansion of the market in the region.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the electric power transmission market due to the increasing industrialization and commercialization. The increasing population expansion and the increasing standards of lifestyle and disposable income tend to lead to a higher demand for smart houses, smart appliances, and smart offices, which would drive the demand expansion of the electric power transmission market

The current report Scope analyzes Electric Power Transmission Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Electric Power Transmission

According to Cognitive Market Research, the global electric power transmission market size was estimated at USD 203691.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 81476.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031. In North America, the electric power transmission market exhibits due to rising electricity demand and the need to update and develop the present grid infrastructure. Government initiatives also fuel the market to encourage renewable energy and expand grid resiliency. Moreover, the market is driven by increasing demand for electricity globally. Investments in grid infrastructure upgrades, renewable energy integration, and HVDC transmission systems further propel transformer demand. In conclusion, North America presents a lucrative market opportunity for electric power transmissions due to the existence of numerous significant manufacturers and other necessary resources at a reasonable cost.

• According to Cognitive Market Research, the US had a major share in the electric power transmission market, with a market size of USD 64284.94 million in 2024. The market is projected to grow at a CAGR of 4.0% during the forecast period. The demand is amplified by the nation's advancement in electric power transmission equipment to fulfill the increasing need for electricity from the commercial, residential, and industrial sectors.
• The Canadian electric power transmission market had a market share of USD 9777.18 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Introduction of innovative technology applications by Canadian companies.
• The Mexico electric power transmission market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 7414.36 million in 2024

Europe Electric Power Transmission

According to Cognitive Market Research,  the global electric power transmission market size was estimated at USD 203691.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 61107.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031. In Europe, the market is driven by the region's ambitious renewable energy targets and grid modernization initiatives. Investments in interconnectors, offshore wind farms, and smart grid technologies drive demand for transmission infrastructure, supporting the integration of renewable energy sources and ensuring reliable electricity supply across borders. Moreover, the increasing demand for electricity, driven by urbanization, industrialization, and renewable energy integration, fuels the transformer category. Grid modernization initiatives worldwide also contribute, requiring the expansion and upgrade of transmission infrastructure and boosting transformer demand. In conclusion, Europe represents a lucrative market for electric power transmission manufacturers, driven by the rising electricity utilization and rising requirement for electric power transmission equipment in automotive and electronics.

• The United Kingdom's electric power transmission market had a market share of USD 10266.04 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Electric power transmission sales in the UK are witnessing an upswing due to the nation's technological innovation and increasing consumer demand.
• The France electric power transmission market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 5621.88 million in 2024.
• According to Cognitive Market Research, the German electric power transmission market size was valued at USD 12099.26 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. In Germany, Electric Power Transmission surged due to the presence of major market players.
• The Italian electric power transmission market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 5255.23 million in 2024.
• The Russia electric power transmission market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 9471.64 million in 2024.
• The Spanish electric power transmission market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 5010.80 million in 2024.
• The Luxembourg electric power transmission market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 1894.33 million in 2024.
• The Portugal electric power transmission market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 1283.25 million in 2024.
• The Greece electric power transmission market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 733.29 million in 2024.
• Rest of Europe's electric power transmission market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 9471.64 million in 2024

Asia Pacific Electric Power Transmission

According to Cognitive Market Research, the global electric power transmission market size was estimated at USD 203691.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 46848.98 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031. In the Asia Pacific region, the electric power transmission market exhibits robust growth prospects driven by rapid industrialization, urbanization, and the rising need for electricity. India and China are projected to lead the market, driven by their most extensive populations and increasing investments in renewable energy sources. Additionally, insulators and fittings are integral components in electric power transmission lines, which are crucial for maintaining system reliability and safety. The expanded need for electricity and the expansion of renewable energy projects and grid modernization efforts drive the electric power transmission market, thus boosting the demand for insulators and fittings. In conclusion, the Asia Pacific region presents immense expansion opportunities owing to rising innovation, sustainability, and market adaptation.

• According to Cognitive Market Research, the China electric power transmission market size was valued at USD 21082.04 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Electric power transmission sales surged in China due to the nation's technological advancements.
• The Japan electric power transmission market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 6465.16 million in 2024.
• The Indian electric power transmission market had a market share of USD 5621.88 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. India has a presence of emerging and leading firms.
• The South Korean electric power transmission market is projected to grow at a CAGR of 7.1% during the forecast period, reaching a market size of USD 4684.90 million in 2024.
• The Australia electric power transmission market is projected to witness growth at a CAGR of 7.7% during the forecast period with a market size of USD 2436.15 million in 2024.
• The South East Asia electric power transmission market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 3232.58 million in 2024.
• The Rest of Asia Pacific electric power transmission market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 3326.28 million in 2024

South America Electric Power Transmission

According to Cognitive Market Research, the global electric power transmission market size was estimated at USD 203691.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 10184.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. In Latin America, the electric power transmission market showcases promising growth prospects driven by the region's rising demand for electricity, a requirement for infrastructure development, and an increasing interest in renewable energy sources. Various countries in the region are funding the development of their electric power transmission and distribution systems to serve the increasing electricity need and consolidating renewable energy sources into their grids. Segmentation analysis reveals an increasing energy demand, the integration of renewable energy references, and the growing need for efficient switchgear solutions. Innovations in smart grid technology and the expansion of transmission networks drive market expansion. In conclusion, Latin America presents significant growth opportunities driven by the rising urbanization and infrastructure development that further propel this trend.

• According to Cognitive Market Research, the Brazil electric power transmission market size was valued at USD 4358.99 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Electric Power Transmission sales flourish in Brazil due to the nation's deployment of efficient switchgear, transformers, and meters for smooth power transmission.
• The Argentina electric power transmission market had a market share of USD 1711.01 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Argentina's government initiatives to boost EV projects.
• The Colombia electric power transmission market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 906.43 million in 2024.
• The Peru electric power transmission market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 835.13 million in 2024.
• The Chile electric power transmission market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 733.29 million in 2024.
• The Rest of Latin America electric power transmission market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 1639.71 million in 2024

Middle East and Africa Electric Power Transmission

According to Cognitive Market Research, the global electric power transmission market size was estimated at USD 203691.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 4073.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031. The MEA electric power transmission market showcases promising growth prospects driven by the region's growing energy demand, coupled with investments in renewable energy projects and grid modernization initiatives, stimulates the need for reliable and efficient transmission infrastructure to meet evolving electricity needs. Segmentation analysis reveals a growing demand for reliable power transmission grows globally, driven by urbanization, industrialization, and renewable energy integration, the distribution control panel market expands to meet the need for advanced control and monitoring systems in transmission networks. In conclusion, MEA presents significant growth opportunities for the electric power transmission market due to technological advancements.

• The GCC Countries' electric power transmission market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 1743.60 million in 2024. Electric Power Transmission sales flourish due to the region's increasing adoption of innovative and advancing technologies.
• The Egypt electric power transmission market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 427.75 million in 2024.
• The South African electric power transmission market is projected to grow at a CAGR of 6.7% during the forecast period, reaching a market size of USD 643.66 million in 2024. The region's rising awareness regarding energy efficiency and sustainability.
• The Turkey electric power transmission market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 350.35 million in 2024.
• The Nigeria electric power transmission market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 427.75 million in 2024.
• The Rest of MEA electric power transmission market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 480.71 million in 2024

Electric Power Transmission Market Analysis

Electric Power Transmission Market Product Type Segment Analysis

According to Cognitive Market Research, cables & lines stand out as the dominating category due to the smart upgrading of distribution systems and the development of smart grids. Due to smart grid technology, the rising need for interconnections has resulted in expanded investments in submarines and underground cables.

Transformer emerged as the fastest-growing category in the electric power transmission market as the need for power transformers has expanded as infrastructure spending and favorable related to growing and refurbishing existing grid networks. In addition, rapid urbanization and industrial evolution in developing economies will expand the power transformer needs. Power transmission and distribution projects have steadily expanded transformer capacity in numerous countries.

• Transformer
• Insulators & Fittings
• Cables & Lines
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electric Power Transmission Industry. Request a Free Sample PDF!

Electric Power Transmission Market Sales Channel Segment Analysis

According to Cognitive Market Research, the indirect channel category held the major market share due to the increasing number of end-users like catalog distribution, commercial, and e-commerce. In the indirect sales channel, the commercial category took the maximum part of the market expansion. Increasing commercialization in urban areas of countries such as the US, India, Canada, and China results in higher market requirements. The rising e-commerce industry also contributes to the expansion of the electric power transmission market.

The fastest-growing category in the electric power transmission market is direct channel. By bypassing intermediaries, manufacturers can reach customers more efficiently, offering tailored solutions and prompt service. This approach reduces costs and lead times for transmission infrastructure projects, appealing to utilities and contractors. Enhanced customer engagement and satisfaction through direct sales further strengthen market competitiveness and expansion.

• Direct Channel
• Indirect Channel

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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