Last Updated: 23-07-2025 | Format: PDF | Report ID:10541 | Author: Ankita R
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | Revenue (USD Million) |
| What is the projected market size by 2035? | $98,700 Million |
| What is the market CAGR from 2025 to 2035? | 6.5% |
| Which region dominates the market? | United States (71%) |
| Which product/service type dominates the market? | Transmission (29%) |
| Which application leads the market? | Utilities (33%) |
| Who are the major buyers? | Utilities (38%), Industrial (22%) |
| What are the key market growth drivers? | Rising integration of renewable energy and distributed generation; Rapid investments in smart grid infrastructure |
| What are the major market challenges? | Aging grid infrastructure requiring costly upgrades and replacements; Complex regulatory and interoperability issues in cross-border (US-Canada-Mexico) power trading |
| What is the forecast period? | 2026–2035 |
| Who are the key market players? |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| ABB Ltd., Siemens AG, General Electric Company, Schneider Electric SE, Eaton Corporation plc, Mitsubishi Electric Corporation, Hitachi Energy Ltd., Cisco Systems, Inc., IBM Corporation, Oracle Corporation, Open Systems International, Inc., WEG S.A., Landis+Gyr Group AG, S&C Electric Company, Aclara Technologies LLC |
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