Skip navigation
Reports & Analysis Custom Research Research Subscriptions
Sign In / Create Account Cart
Sign In / Create Account Cart
  • Reports & Analysis
  • Custom Research
  • Research Subscriptions

Resources

  • Analyst Buzz
  • Press Releases
  • Blog
  • Resources & Downloads
  • Impact Tracker

The Freedonia Group

  • Contact
  • About
  • Our Staff
  • Help Center
  • Career Opportunities
Freedonia Market Research Press Releases Electric Power Transmission & Distribution Equipment in India Sees Strong Growth

Electric Power Transmission & Distribution Equipment in India Sees Strong Growth

by Corinne Gangloff

October 17, 2019

Demand for electric power transmission and distribution equipment in India is forecast to rise 8.2% per year to $15.8 billion in 2023. A strong economy and further upgrades and expansion of the nation’s underdeveloped electricity sector – both to reduce the large amount of power currently lost during transmission and to improve access to electricity in rural areas – will provide strong opportunities for growth in the country, as consumers switch away from alternative sources of power such as generators. These and other trends are presented in Global Electric Power Transmission & Distribution Equipment from the Freedonia Group.

India has set goals toward diversifying its energy sources to include renewable options – including solar, wind, and hydropower – which will necessitate the installation of additional transmission capacity.

See the study page here: https://www.freedoniagroup.com/industry-study/global-electric-power-transmission-distribution-equipment-3805.htm

Overall global demand for electric power transmission and distribution equipment totaled $141 billion in 2018 and is projected to climb 4.0% annually to $172 billion in 2023. Factors supporting increases include:

  • strong growth in China – by far the largest national market – which will account for 33% of new demand
  • rapid industrialization in India, the third largest market for these products in the world
  • growing populations, particularly in developing countries where electrical infrastructure is still being established
  • continued integration of electricity generated by renewable energy sources into existing power grids

Have unique research needs?

Freedonia Custom Research listens intently to your needs and objectives. Then we work diligently to define and deliver a service to meet them.
Learn About Our Custom Research Services

Subscribe to Our Blog

Stay up to date with the latest information about new market research and news in areas relevant to your business from our analysts and team members.

Freedonia Focus Blog Subscription

Provide the following details to subscribe.

  • Contact
  • About
  • Help Center
  • Career Opportunities
  • Press
  • User Agreement
  • Privacy Policy
  • Site Map
Facebook Linkedin Twitter

Additional Resources

  • Market Size Resources
  • Lawn Mowers Research
  • Global Motor Vehicle Research
  • Global Paint & Coatings Research
  • Global Industrial Valves Research
  • Global Agricultural Equipment Research
  • Indoor Air Quality Equipment Research
  • Global Adhesives & Sealants Research
  • Hardscaping Products Research
  • Residential Landscaping Research
  • Food Packaging Research
  • Global Carpets & Rugs Research
  • Global Residential HVAC Research
Copyright © 2023 MarketResearch.com, Inc. All rights reserved.