The North America Transmission Sales Market size was valued at USD 12,450 Million in 2025 and is expected to reach USD 22,870 Million by 2035, growing at a CAGR of 5.7% from 2024 to 2035. The market is driven by the robust expansion of power infrastructure and increased adoption of renewable energy sources. Key players in the region are focusing on digitalization and technologically advanced transmission solutions to cater to the surging demand for efficient energy distribution.
The economic impact of tariffs on "North America Transmission Sales Market".
Market Growth Drivers
Rapid grid modernization and expansion projects have accelerated the demand for advanced transmission systems. For instance, Siemens Energy has recently secured contracts to supply digital transmission solutions supporting grid stability and resilience across the US and Canada. The modernization of existing power infrastructure is crucial to meet the increasing load requirements caused by industrialization and urbanization, ultimately driving the transmission sales market.
Rising integration of renewable energy sources is prompting utilities to invest in innovative transmission solutions. Companies like General Electric (GE) are collaborating with utilities to enhance grid integration of wind and solar power by providing state-of-the-art transmission technology. As governments implement strict emission reduction targets, transmission upgrades and installations become vital to support the efficient transfer of clean energy across vast distances.
Market Trends
Digital transformation of transmission equipment is a key trend bolstering the market. Schneider Electric has enhanced its offerings with intelligent transmission systems featuring advanced monitoring and predictive maintenance, enabling utilities to minimize downtime and operational costs. The use of IoT and AI-based solutions is increasingly prevalent for condition-based asset management in real time.
The growing focus on grid resiliency and cybersecurity is pushing companies to invest in robust and secure transmission infrastructures. ABB has developed cyber-secure digital substations to address rising concerns of cyber threats to critical grid assets. Utilities are adopting advanced encryption and automated network monitoring to safeguard grid reliability and ensure consistent power delivery across North America.
Market Opportunities
Electrification of rural and remote areas presents a lucrative opportunity for transmission companies such as Hitachi Energy. There is significant potential for market growth as governments and public utilities prioritize expanding electricity access, with supportive funding and regulatory frameworks easing project implementation.
Emerging investments in offshore wind farms along the North American coastlines are creating new prospects for subsea transmission systems. Companies like Nexans are well-positioned to capitalize on this opportunity by providing specialized cable solutions for high-capacity offshore-to-onshore power transfer.
North America Transmission Sales Market Revenue (USD Million), 2020-2035
The chart illustrates a steady growth trajectory for the North America Transmission Sales Market from USD 8,200 Million in 2020 to an estimated USD 22,870 Million by 2035. The upward trend is driven by ongoing grid modernization, increased integration of renewables, and rising demand for robust power transmission infrastructure. Significant year-on-year growth is observed post-2024, corresponding with major policy initiatives and infrastructure investments across the region. This sustained market expansion is expected as utilities and developers continue to prioritize reliable and efficient energy transport to support economic growth and decarbonization across North America.
North America Transmission Sales Market Share by Region (%), 2025
The pie chart for 2025 highlights the United States’ dominance, capturing 68% of the North American Transmission Sales market. Canada follows with a 21% share, reflecting ongoing infrastructure upgrades and renewable integration. Mexico holds 7%, whereas the remaining 4% is distributed among other countries and territories in the region. This regional segmentation emphasizes the US’s leading role in advancing grid modernization and utility-scale transmission projects, while Canada’s strong push towards clean energy has also spurred market growth. Mexico, though smaller in share, represents a developing market with notable future potential.
Recent Developments in North America Transmission Sales Market (2024)
In March 2024, Siemens Energy and American Electric Power (AEP) announced a strategic partnership for the deployment of digital substations across AEP’s service territory, incorporating advanced monitoring and control systems to enhance grid reliability and efficiency.
In May 2024, GE Vernova secured a contract with Hydro-Québec to deliver innovative HVDC interconnection solutions, enabling the smooth transfer of renewable energy between Canada and the Northeastern United States. This development underpins cross-border collaboration and strengthens grid flexibility.
In April 2024, ABB inaugurated a new manufacturing facility in the United States focused on the production of high-voltage transmission components, aligned with recent federal infrastructure investments. This facility aims to accelerate lead times and respond efficiently to rising domestic utility demand.
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