Power cables and wires generated a revenue of 73.4 billion U.S. dollars worldwide in 2021, the largest segment within the electricity transmission and distribution market. The segment's revenue is expected to surpass 110 billion U.S. dollars in 2030. Meanwhile, the switchgears market is expected to register the highest revenue growth rate in the next decade, reaching 55 billion U.S. dollars in 2030.
Electricity transmission and distribution market revenue worldwide in 2021, with forecasts for 2025 and 2030, by product type
(in billion U.S. dollars)
* Forecast based on a CAGR of 7.1 percent for switchgears, 5.6 percent for transmission towers, 6.3 percent for transformers, 5.2 percent for power cables and wires, and 4.6 percent for others from 2022 to 2030.
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The Brainy Insights. (June 30, 2022). Electricity transmission and distribution market revenue worldwide in 2021, with forecasts for 2025 and 2030, by product type (in billion U.S. dollars) [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1350494/forecast-electricity-transmission-and-distribution-global-market-revenue-by-product-type/
The Brainy Insights. "Electricity transmission and distribution market revenue worldwide in 2021, with forecasts for 2025 and 2030, by product type (in billion U.S. dollars)." Chart. June 30, 2022. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1350494/forecast-electricity-transmission-and-distribution-global-market-revenue-by-product-type/
The Brainy Insights. (2022). Electricity transmission and distribution market revenue worldwide in 2021, with forecasts for 2025 and 2030, by product type (in billion U.S. dollars). Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1350494/forecast-electricity-transmission-and-distribution-global-market-revenue-by-product-type/
The Brainy Insights. "Electricity Transmission and Distribution Market Revenue Worldwide in 2021, with Forecasts for 2025 and 2030, by Product Type (in Billion U.S. Dollars)." Statista, Statista Inc., 30 Jun 2022, https://www.statista.com/statistics/1350494/forecast-electricity-transmission-and-distribution-global-market-revenue-by-product-type/
The Brainy Insights, Electricity transmission and distribution market revenue worldwide in 2021, with forecasts for 2025 and 2030, by product type (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1350494/forecast-electricity-transmission-and-distribution-global-market-revenue-by-product-type/ (last visited January 08, 2025)
Electricity transmission and distribution market revenue worldwide in 2021, with forecasts for 2025 and 2030, by product type (in billion U.S. dollars) [Graph], The Brainy Insights, June 30, 2022. [Online]. Available: https://www.statista.com/statistics/1350494/forecast-electricity-transmission-and-distribution-global-market-revenue-by-product-type/
