Power infrastructure market is anticipated to grow at a considerable CAGR of 8.04% during the forecast period. The demand for power infrastructure is increasing due to several reasons. Population growth, urbanization, and industrialization have all led to an increase in the demand for electricity. The growing global population requires more energy, and as more people move to cities, the demand for electricity increases. The rapid growth of industries such as manufacturing, construction, and technology has also led to an increase in the demand for electricity. Additionally, the transition to renewable energy sources has increased the need for new power infrastructure, such as wind turbines and solar panels, as well as energy storage systems and power distribution infrastructure. Aging power infrastructure in many countries is also in need of upgrades and replacements to ensure a reliable and efficient power supply.
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The global power infrastructure market is segmented by type and application. Based on type, the market is sub-segmented into transformers, switchgear, and substations. Based on application, the market is sub-segmented into industrial power, commercial power, and residential power. Based on type, transformers, switchgear, and substations are all essential components of the power infrastructure system, and all are widely used across the globe.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Power Infrastructure Market by Type
- Transformers
- Switchgear
- Substations
Global Power Infrastructure Market by Application
- Industrial Power
- Commercial Power
- Residential Power
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ABB
- Adani Transmission Ltd.
- Alstom
- Eaton Corp.
- General Electric
- Hitachi ABB Power Grids
- Johnson Electric Coil Co.
- MCI Transformer Corp.
- Mitsubishi Electric
- Muskaan Power Infrastructure Ltd.
- Prism Power Group
- Schneider Electric
- Siemens Energy
- Toshiba Energy Systems & Solutions Corp.
- Triad Magnetics
- VRT Power
The Report Covers-
- Market value data analysis for 2023 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global power infrastructure market. Based on the availability of data, information related to new product launches and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who stands where’ in the market.
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