In 2021, power cables and wires generated a revenue of 19.4 billion U.S. dollars in Europe, accounting for roughly one-third of electricity transmission and distribution revenue in the region. This figure is forecast to reach 29 billion dollars by 2030. Meanwhile, despite registering one of the lowest revenue, switchgears are expected to record the largest compound annual growth rate (CAGR), at 6.6 percent from 2022 to 2030.
Electricity transmission and distribution market revenue in Europe in 2021, with a forecast for 2030, by product type
(in billion U.S. dollars)
* Forecast based on a CAGR of 6.6 percent for switchgears, 5.1 percent for transmission towers, 5.8 percent for transformers, 4.8 percent for power cables and wires, and 4.3 percent for others from 2022 to 2030.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
The Brainy Insights. (June 30, 2022). Electricity transmission and distribution market revenue in Europe in 2021, with a forecast for 2030, by product type (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1350658/electricity-transmission-and-distribution-revenue-by-product-europe/
The Brainy Insights. "Electricity transmission and distribution market revenue in Europe in 2021, with a forecast for 2030, by product type (in billion U.S. dollars)." Chart. June 30, 2022. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1350658/electricity-transmission-and-distribution-revenue-by-product-europe/
The Brainy Insights. (2022). Electricity transmission and distribution market revenue in Europe in 2021, with a forecast for 2030, by product type (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1350658/electricity-transmission-and-distribution-revenue-by-product-europe/
The Brainy Insights. "Electricity Transmission and Distribution Market Revenue in Europe in 2021, with a Forecast for 2030, by Product Type (in Billion U.S. Dollars)." Statista, Statista Inc., 30 Jun 2022, https://www.statista.com/statistics/1350658/electricity-transmission-and-distribution-revenue-by-product-europe/
The Brainy Insights, Electricity transmission and distribution market revenue in Europe in 2021, with a forecast for 2030, by product type (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1350658/electricity-transmission-and-distribution-revenue-by-product-europe/ (last visited December 22, 2024)
Electricity transmission and distribution market revenue in Europe in 2021, with a forecast for 2030, by product type (in billion U.S. dollars) [Graph], The Brainy Insights, June 30, 2022. [Online]. Available: https://www.statista.com/statistics/1350658/electricity-transmission-and-distribution-revenue-by-product-europe/
