Electrical Power Transmission and Distribution Technology

Due to rapid urbanization and industrialization across the globe, the demand for electricity is expected to rise in the upcoming years. In order to meet the rising demand for energy globally, there is an adoption of sources for electricity. Continuous rise in demand for electricity is expected to drive the global transmission & distribution market during the forecast period.

The transmission and distribution sector is experiencing increasing growth due to the rising demand for electricity, the integration of renewable energy sources, and the need for modernizing aging infrastructure. Advancements in technology and the deployment of smartgrids are also contributing to the growth of this sector.

As the world becomes more electrified and interconnected, the transmission and distribution sector will continue to play a vital role in ensuring reliable and efficient delivery of electricity.

Transmission & distribution companies are investing significantly in the modernization of grids. As national, regional, and continental electricity grids are interconnected, growth in national and regional markets is also expected to increase significantly. With the introduction of new entrants in the market, competition has intensified, thus resulting in the improvement of product quality and features.