Global Electric Power Generation, Transmission, And Distribution Market Report 2022 – Market Forecast, Trends And Strategies

4 Jan, 2022

The global electric power generation, transmission, and distribution market size is expected to grow from $4.09 trillion in 2021 to $4.43 trillion in 2022 at a compound annual growth rate (CAGR) of 8.3%. The growth in the electric power generation, transmission, and distribution market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The electric power generation, transmission, and distribution market is expected to reach $5.93 trillion in 2026 at a CAGR of 7.6%.

What is the Global Electric Power Generation, Transmission, And Distribution Market?

The electric power generation, transmission, and distribution market consists of sales of electric power by entities (organizations, sole traders and partnerships) that generate, transmit, and/or distribute electric power. Establishments in this market are engaged in operating generation facilities that produce electric energy; operating transmission systems that convey the electricity from the generation facility to the distribution system; or operating distribution systems that convey electric power received from the generation facility or the transmission system to the final consumer.

Get a Sample of the global electric power generation, transmission, and distribution market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5464&&type=smp

What drives the Global Electric Power Generation, Transmission, And Distribution Market?

The power generation industry is expected to see increased investment activity in the forecast period. Investments in microgrid technology, renewables and other advanced technologies are expected to drive the market. According to Global Innovation Report, the total capacity of microgrid is expected to reach 1.2 GW by 2024 in North America with an annual revenue of $4.2 billion. The United States Senate enacted a $1.2 trillion infrastructure bill in August 2021, which includes financing to accelerate clean energy initiatives. The growing investment in the power generation will drive the growth of electric power generation, transmission, and distribution market.

Get the full global construction industry report here:

https://www.thebusinessresearchcompany.com/report/electric-power-generation,-transmission,-and-distribution-global-market-report

Global Electric Power Generation, Transmission, And Distribution Market Segments
The global electric power generation, transmission, and distribution market is segmented:
By Type: Electric Power Transmission, Control, And Distribution, Power Generation
By End-User: Residential, Commercial, Industrial
By Type of Operator: Public Operator, Private Operator
By Geography: The regions covered in the electric power generation, transmission, and distribution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest share in the global electric power generation, transmission, and distribution market.

Electric Power Generation, Transmission, And Distribution Global Market Report 2022provides market size and growth forecasts for the global electric power generation, transmission, and distribution market, global electric power generation, transmission, and distribution market share, electric power generation, transmission, and distribution market segments and geographies, electric power generation, transmission, and distribution market competitive landscape including leading competitors’ revenues, profiles and market shares. The electric power generation, transmission, and distribution market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Electric Power Generation, Transmission, And Distribution Industry Playersinclude Electricite De France SA, Enel SpA, Tokyo Electric Power Co Holdings Incorporated, E.ON SE, Korea Electric Power Corporation, State Power Investment Corporation, Iberdrola, Exelon Corp, Engie, and Duke Energy Corp. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.