Power Transmission, Control, And Distribution Market Characteristics

Electric Power Transmission, Control, and Distribution includes establishments involved in operating electric power transmission and distribution systems that control the transmission of electricity from the source to consumers.

Power Generation Market Definition

The power generation market consists of sales of electric power by entities (organizations, sole traders and partnerships) that operate electric power generation facilities. These facilities generate electric power using various forms of energy, such as fossil fuels, nuclear, solar, wind and water. The establishments in this industry produce electrical energy and provide electricity to electric power transmission and distribution systems. Power generation refers to the creation of energy utilizing many types of technology, some of which are over a century old, such as steam boilers, and others which are newer, such as wind turbines. Steam boilers and windmills, on the other hand, are much older. They were originally designed to move machines and crush grain, and they still do so today, but they're now primarily used to generate power. It is the process of generating electricity or the amount of electricity generated by converting various types of energy into electricity; often stated in kilowatt-hours (kWh) or megawatt-hours (MWh).

Sewage Treatment Facilities Market Definition And Segments

Sewage treatment facilities refer to an arrangement of devices and structures for the treatment of wastewater, industrial wastes, and sludge. These facilities are used to operate sewer systems or sewage treatment facilities that collect, treat, and dispose of waste. They are also used as waste treatment plants. The main types of sewage treatment facilities are residential, industrial and commercial. Residential sewage treatment facilities, also known as residential sewage treatment plants or systems, are decentralized wastewater treatment systems designed to manage and treat sewage generated by individual households or small communities. The treatment system involved are centralized and decentralized which are used for industrial, municipal applications. The sewage treatment facilities market covered in this report is segmented – 1) By Type: Residential, Industrial, and Commercial 2) By Treatment System: Centralized, Decentralized 3) By Application: Industrial, Municipal The sewage treatment facilities market size has grown strongly in recent years. It will grow from $232.66 billion in 2023 to $251.37 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to urbanization and population growth, environmental regulations, public health concerns, industrial and commercial activities, infrastructure development. The sewage treatment facilities market size is expected to see strong growth in the next few years. It will grow to $343.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to growing population and urbanization trends, climate change impact, advancements in treatment technologies, water scarcity challenges, government initiatives. Major trends in the forecast period include shift towards sustainable and low-energy treatment processes, enhanced nutrient removal and effluent quality improvement, application of biological treatment innovations, increased emphasis on sludge management and treatment, rise in public-private partnerships for infrastructure development.

Sewage Treatment Facilities Market Surges Amidst Government Regulations And Increased Investments

The growth in the sewage treatment facilities market is due to increased pressure from governments on companies and increasing investments in the market. For instance, in July 2022, the Clean Water Act, a primary federal law in the United States governing water pollution, made it unlawful to discharge any pollutant from a point source into navigable waters, unless a permit is obtained. Under the CWA, the EPA (United States Environmental Protection Agency) has put in place pollution management plans, including regulating industrial effluent. Therefore, increased pressure from the government regarding water pollution is driving the growth of the sewage treatment facilities market.

Rising Wastewater Discharge Spurs Growth In Sewage Treatment Facilities Market

The increasing wastewater discharge is expected to propel the growth of the sewage treatment facilities market in the coming years. Wastewater, commonly known as sewage, is used water that retains impurities, toxins, and pollutants after it has been used for home, agricultural, industrial, or commercial purposes. Sewage treatment plants are used in wastewater discharge to treat wastewater before it is discharged by a treatment process that removes harmful contaminants and pollutants to protect public health and the environment. For instance, in August 2022, according to Relief Web, a US-based source of humanitarian information about worldwide crises and disasters, every year, 380 billion cubic meters of wastewater from municipalities are produced worldwide. The production of wastewater is anticipated to climb by 24% by 2030 and by 51% by 2050. Therefore, the increasing wastewater discharge is driving the sewage treatment facilities market. Major companies operating in the sewage treatment facilities market report are Kubota Corporation, Hitachi Ltd., Suez S.A., SWA Water Treatment LLC, Kingspan Water & Energy, Xylem Inc., Pentair PLC, Ecolab Inc., Fluence Corporation Ltd., Thermax Limited, Golder Associates Ltd., SFC Environmental Technologies Pvt. Ltd., Buckman Laboratories Inc., RWL Water Group PLC, Smith & Loveless Inc., Clearford Industries Inc., Aquatech International Corporation, Evoqua Water Technologies LLC, Hyflux Ltd., Veolia Environnement S.A., Orenco Systems Inc., Bio-Microbics Inc., Emerson Electric Company, W.O.G. Technologies Pvt. Ltd., Ecoprog GmbH, Membracon Ltd., Bluewater Bio Ltd., Premier Tech Aqua Systems India Pvt Ltd., BioShaft Water Technology Inc., Global Water & Energy L.L.C., H2O Innovation Inc.

Addressing Micro-Pollutants Advanced Technologies Revolutionize Wastewater Treatment

Micro-pollutants that are challenging the treatment capability of conventional wastewater treatment plants are being treated with advanced technologies. Micro-pollutants are contaminants originating from pharmaceutical residues, household chemicals, personal care products, and pesticides. Technologies such as moving bed biofilm reactors (MBBR), ozone-based advanced oxidation, adsorption, and powdered activated carbon (PAC) are being used to remove micro-pollutants from wastewater. For instance, in Germany, advanced technologies such as GE’s membrane bioreactor and powdered activated carbon technology are proving to be a cost-effective way of removing micro-pollutants from wastewater.

Strategic Investments Drive Advancements In Sewage Treatment Facilities

Major companies operating in the sewage treatment facilities market are adopting strategic investments, to provide reliable services to the customers. A strategic investment is a commitment of finances made with the intention of achieving an organizational objective that goes beyond simply generating financial returns. For instance, in August 2022, Skanska AB, a Sweden-based construction company for wastewater facilities, received an investment from the NYC Department of Environmental Protection, a US-based government that manages the city's water supply. The overall contract value is $309 million. The deal is worth $248 million to Skanska. The contract is for the creation of four post-tensioned, cast-in-place concrete digesters with a capacity of 3.2 million gallons (12 million liters). Cast-in-place concrete, a gas room, a control structure, an above-ground digester feed pump station, a guardhouse, and pedestrian bridges are all part of the project. It also comprises system installations, site clearance and excavation, and final landscaping. Asia-Pacific was the largest region in the sewage treatment facilities market in 2023. The regions covered in the sewage treatment facilities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the sewage treatment facilities market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa. The sewage treatment facilities market includes revenues earned by entities by improving quality of wastewater and making it usable for other purposes. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The sewage treatment facilities market research report is one of a series of new reports from The Business Research Company that provides sewage treatment facilities market statistics, including sewage treatment facilities industry global market size, regional shares, competitors with a sewage treatment facilities market share, detailed sewage treatment facilities market segments, market trends and opportunities, and any further data you may need to thrive in the sewage treatment facilities industry. This sewage treatment facilities market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Steam & Air-Conditioning Supply Market Definition And Segments

Steam and air-conditioning supply refers to the production, collection, and distribution of steam and hot water for heating, power, and other purposes. This supply is used to provide steam, heated air, or cooled air. It also helps in the production and distribution of cooled air and the production and distribution of chilled water for cooling purposes. The major types of steam and air-conditioning supply are the distribution of steam and heated air and the distribution of cooled air. Heated steam refers to steam at a temperature higher than its boiling point at absolute pressure and is referred to as superheated steam. It is distributed through multi-brand stores, exclusive stores, online channels, and other channels. It is primarily used by residential and commercial end-users. The steam & air-conditioning supply market covered in this report is segmented – 1) By Type: Distribution Of Steam and Heated Air, and Distribution Of Cooled Air 2) By Distribution Channel: Multi-Brand Stores, Exclusive Stores, Online, and Other Distribution Channels 3) By End User: Residential, Commercial The steam & air-conditioning supply market size has grown strongly in recent years. It will grow from $101.67 billion in 2023 to $107.67 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to the expansion of power generation facilities, urbanization and commercial building boom, the rise of district heating systems, healthcare industry growth, environmental regulations, and energy efficiency. The steam & air-conditioning supply market size is expected to see strongly grown in the next few years. It will grow to $134.8 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to renewable energy integration, urban heat island mitigation, electrification of heating systems, increased demand for healthcare infrastructure, and growing demand for industrial cooling. Major trends in the forecast period include the digitalization of energy systems, smart building technologies, advancements in HVAC technologies, demand response integration, and circular economy practices.

High Disposable Income Drives The Steam & Air-Conditioning Supply Market

The growth in the steam & air-conditioning supply market is due to higher disposable income, corporate profit, and industrial output, which has resulted in greater demand for air-conditioning and heating, particularly in urban areas. An increase in disposable income is expected to propel the growth of the steam & air-conditioning supply market going forward. Disposable income refers to the amount of money left to spend and save after income tax has been deducted. Due to a rise in the purchasing capacity of the public people are choosing to buy discretionary products that are costly and provide comfort steam & air-conditioning come under this category of products. For instance, in March 2023, according to Statistics Iceland, an Iceland-based government agency, household gross disposable income is estimated to have increased by 9.2% from 2021 to 2022. Disposable income per capita amounted to $0.35 million (4.9 million ISK) in 2022 and is estimated to have increased by 6.5% from the previous year. Therefore, an increase in disposable income is driving the growth of the steam & air-conditioning supply market.

Urbanization Powering The Steam And Air-Conditioning Market's Growth

Rising urbanization is expected to propel the steam and air-conditioning supply market going forward. Urbanization refers to the process of increasing the population concentration in urban areas, typically resulting from rural-to-urban migration and natural population growth within cities and towns. Steam and air-conditioning systems play a pivotal role in urbanization by providing essential temperature control and climate management in densely populated areas. As urbanization continues to grow, these systems ensure comfortable living and working conditions in residential, commercial, and industrial spaces. They enable urban environments to remain habitable in extreme weather conditions, supporting the well-being and productivity of urban populations while contributing to the overall sustainability and development of modern cities. For instance, in October 2022, the World Bank, a USA-based international financial institution published an article that said globally, over 50% of the population lives in urban areas in 2022. By 2045, the world's urban population is expected to increase by 1.5 times to 6 billion. Therefore, the rising urbanization is driving the steam and air-conditioning supply market. Major companies operating in the steam & air-conditioning supply market report are Carrier Corporation, Trane Inc., Daikin Applied Americas Inc., Goodman Manufacturing Company LP, Rheem Manufacturing Company, Siemens AG, Johnson Controls International PLC, United Technologies Corporation, Honeywell International Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Nortek Global HVAC LLC, Asea Brown Boveri Ltd., Zamil Air Conditioners, York International Corporation, Spirax-Sarco Engineering PLC, Lennox International Inc., SPX Corporation, BDR Thermea Group B.V., Viessmann Group, Babcock & Wilcox Enterprises Inc., Doosan Corporation, Weil-McLain, Greenheck Fan Corporation, AAON Inc., Cleaver-Brooks Inc., Hamon & Cie SA, Toshiba Carrier Corporation, AESYS Technologies LLC, Watsco Inc.

The Role Of Technology In The Steam And Air-Conditioning Supply Market

Technological advancements are the key trend gaining popularity in the steam and air-conditioning supply market major companies operating in the market are introducing new technologies such as Experience Zone to sustain their position in the market. For instance, in January 2021, Voltas Limited, an India-based manufacturer of steam and air-conditioning systems launched Experience Zone which helps to meet the growing expectations of consumers this provides real-time experience spaces. This is designed to experience a new range of Volta’s air conditioners.

Launch Of Innovative Products Transforms The Market

Major companies in the steam and air-conditioning supply market are launching new and innovative products to sustain their position in the market. Innovative products in steam and air-conditioning supply encompass cutting-edge solutions that optimize energy efficiency, enhance performance, and introduce advanced technologies to the heating, ventilation, and air conditioning (HVAC) systems. For instance, in January 2021, Panasonic, a Japan-based multinational electronics company, launched the nanoe X Air Conditioners which uses unique nanoe X technology to release hydroxyl radicals contained in water. These hydroxyl radicals are capable of inhibiting bacteria and viruses. The new air conditioner was originally manufactured to achieve inhibitory effect on the novel COVID-19. The Panasonic nanoe X ACs can eliminate the growth of certain pollutants such as allergens, bacteria, viruses, molds, odors, and certain hazardous substances to enable a healthier lifestyle for consumers.

The Adoption Of Zoned Steam And Air-Conditioning Systems

The steam and air-conditioning supply companies are adopting zoned steam and air conditioning systems for their reliable efficiency and low energy consumption. The zoned steam and air conditioning systems heat or cool specific areas by controlling zone halves or zone dampers attached inside the vents or ductwork. The zoned steam and air conditioning system consumes less energy to reach the selected temperature. The sophisticated zone steam and air condition system can be installed in a traditional system to meet the user’s specific needs. According to HVAC.com, these traditional zoning methods can save the user up to 30% on annual energy usage. Western Europe was the largest region in the steam & air-conditioning supply market in 2023. The regions covered in the steam & air-conditioning supply market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in the steam & air-conditioning supply market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain The steam and air conditioning supply market includes revenues earned by entities by providing electric power, natural gas, steam, hot water through a permanent infrastructure. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The steam and air-conditioning supply market research report is one of a series of new reports from The Business Research Company that provides steam and air-conditioning supply market statistics, including steam and air-conditioning supply industry global market size, regional shares, competitors with a steam and air-conditioning supply market share, detailed steam and air-conditioning supply market segments, market trends and opportunities, and any further data you may need to thrive in the steam and air-conditioning supply industry. This steam and air-conditioning supply market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Industrial And Commercial Natural Gas Distribution Market Definition And Segments

Industrial and commercial natural gas distribution refers to a system that is used to operate gas distribution systems. Industrial and commercial natural gas refers to natural gas used for industrial and commercial purposes such as steam generation, metal casting, metal tempering, electricity generation, and as a fuel for commercial vehicles. The various sources include associated gas, non-associated gas, and unconventional sources, which are used by various end users including light-duty vehicles, medium or heavy-duty buses, and medium or heavy-duty trucks. The industrial and commercial natural gas distribution market covered in this report is segmented – 1) By Type: Industrial Natural Gas Distribution, and Commercial Natural Gas Distribution 2) By Source: Associated Gas, Non-Associated Gas, Unconventional Sources 3) By End User: Light Duty Vehicles, Medium Or Heavy Duty Buses, Medium Or Heavy Duty Trucks The industrial and commercial natural gas distribution market size has grown strongly in recent years. It will grow from $812.85 billion in 2023 to $882.52 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to economic growth, energy diversification strategies, expansion of gas pipeline infrastructure, government incentives and policies, and environmental regulations. The industrial and commercial natural gas distribution market size is expected to see strongly grown in the next few years. It will grow to $1206.29 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to the transition to a low-carbon economy, shale gas and LNG developments, the rise of distributed energy resources, increased adoption of cogeneration systems, and hydrogen production from natural gas. Major trends in the forecast period include digitalization and smart gas networks, innovation in gas storage technologies, technological advancements in gas equipment, renewable natural gas (RNG) adoption, and carbon capture and storage (ccs) integration.

Rising Commercial Demand Drives The Industrial And Commercial Natural Gas Distribution Market

The growth in the industrial and commercial natural gas distribution market is due to the higher disposable income, and rising demand from commercial customers. The rising demand from commercial customers is expected to propel the growth of the industrial and commercial natural gas distribution market going forward. A commercial customer is a customer who performs or produces a service or product that is a source of revenue to the customer. Commercial customers use natural gas for household purposes such as cooking and operating refrigeration and cooling equipment. For instance, according to the U.S. electricity information administration, a US-based government agency, In the year 2021, commercial usage accounted for about 11% of total U.S. natural gas consumption, and natural gas sources for about 19%. Therefore, rising demand from commercial customers is driving the growth of the natural gas distribution market.

Rising Urbanization Fueling Industrial And Commercial Natural Gas Distribution Market

Rising urbanization is expected to propel the industrial and commercial natural gas distribution market going forward. Urbanization refers to the process of increasing the population concentration in urban areas, typically resulting from rural-to-urban migration and natural population growth within cities and towns. Industrial and commercial natural gas distribution plays a crucial role in urbanization by providing a clean and efficient energy source for a wide range of applications in urban areas. It supports the heating, cooling, and power generation needs of commercial buildings, industries, and residential complexes, contributing to the growth and development of cities. For instance, in October 2022, the World Bank, a US-based international financial institution published an article that said globally, over 50% of the population lives in urban areas in 2022. By 2045, the world's urban population is expected to increase by 1.5 times to 6 billion. Therefore, the rising urbanization is driving the industrial and commercial natural gas distribution market. Major companies operating in the industrial and commercial natural gas distribution market report are Gas Natural Sdg SA, Ultrapar Participacoes SA, Air Liquide SA, Korea Gas Corp., Sempra Energy, National Grid PLC, Dominion Energy Inc., Enbridge Inc., Southern Company Gas, Atmos Energy Corporation, ONEOK Inc., CenterPoint Energy Inc., DTE Energy Company, Xcel Energy Inc., Duke Energy Company, Southwest Gas Holdings Inc., Spire Inc., New Jersey Resources Corporation, Northwest Natural Holding Company, South Jersey Industries Inc., Eversource Energy, Chesapeake Utilities Corporation, Black Hills Corporation, AltaGas Ltd., Emera Incorporated, Connecticut Natural Gas Corporation., Avista Corporation, MDU Resources Group Inc., Summit Utilities Inc., UGI Utilities Inc.

Establishment Of New City Gas Distribution Plants

The establishment of new city gas distribution plants is the key trend gaining popularity in the industrial and commercial natural gas distribution market. Major companies operating in the market are introducing gas distribution plants in every city to sustain their position in the market. For instance, in January 2022, Bharat Petroleum Corporation Ltd (BPCL), an India-based petrol and gas distribution company, launched city gas distribution networks in 6 cities throughout India which helps in the easy supply of natural gas. Bharat Petroleum invested INR 10000 cores in developing this project.

Strategic Agreements To Transform The Market

Major players in the industrial and commercial natural gas distribution market are entering into strategic agreements to gain an advantage. Strategic agreements are established with a defined purpose and shared objectives to achieve mutual benefits and goals. For instance, in October 2023, Entergy, a US-based integrated energy company, announced an agreement to sell its gas distribution business to Bernhard Capital Partners, a US-based services and infrastructure-focused private equity firm. The transaction is part of Entergy's larger strategy change to concentrate on its regulated electric utility sector. Asia-Pacific was the largest region in the industrial and commercial natural gas distribution market in 2023. The regions covered in the industrial and commercial natural gas distribution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in the industrial and commercial natural gas distribution market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain The industrial and commercial natural gas distribution market includes revenues earned by maintaining and operating gas pipelines and facilities up to the residential gas meter. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The industrial and commercial natural gas distribution market research report is one of a series of new reports from The Business Research Company that provides industrial and commercial natural gas distribution market statistics, including industrial and commercial natural gas distribution industry global market size, regional shares, competitors with an industrial and commercial natural gas distribution market share, detailed industrial and commercial natural gas distribution market segments, market trends and opportunities, and any further data you may need to thrive in the industrial and commercial natural gas distribution industry. This industrial and commercial natural gas distribution market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Electric Power Transmission, Control, And Distribution Market Definition And Segments

Electric power transmission refers to the different stages of carrying electricity over poles and wires from generators to a home or a business. Electricity distribution refers to the activities of managing and operating electricity works in order to transmit electric energy from the transmission grids to electricity-using organizations and individuals. The main types of electric power transmission, control, and distribution are electric power distribution and electric bulk power transmission and control. Electric power distribution is the last phase of electric power delivery; it transports electricity from the transmission line to potential customers. These services are provided through online and offline modes. The electric power transmission, control, and distribution market covered in this report is segmented – 1) By Type: Electric Power Distribution, Electric Bulk Power Transmission And Control 2) By Distribution Channel: Online, Offline 3) By Application: Government, Commercial, Residential The electric power transmission, control, and distribution market size has grown strongly in recent years. It will grow from $2,861.55 billion in 2023 to $3,034.74 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to electrification, population growth, urbanization, industrialization, grid modernization. The electric power transmission, control, and distribution market size is expected to see strong growth in the next few years. It will grow to $3,740.2 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to renewable energy integration, energy storage, electrification of transportation, grid resilience and security, decentralization. Major trends in the forecast period include smart grids, distributed energy resources (ders), grid digitalization, electrification of heating and cooling, resilience and microgrid development.

Growing Use Of Electricity In The Transportation Industry Boosts Electric Power Transmission, Control, And Distribution Market

The increasing applications of electricity in the transportation industry are expected to increase the electricity demand, driving the power generation market. The electrification of railways in underdeveloped and developing countries; the setting up of public transportation networks such as rapid metro transit systems; and the increasing use of electric vehicles in developed countries will create significant opportunities for power generation companies in the market. For instance, to attain net-zero carbon emissions, the Office of Rail and Road (ORR) estimates that 13,000 track kilometers – or about 450km per year – of the track will need to be electrified by 2050 in the UK, and 179 km kilometers were electrified between 2020 and 2021. According to the Edison Electric Institute (EEI), annual electric vehicle sales in the USA are expected to surpass 1.2 million by 2025. Electric vehicles are expected to account for 9% of the global electricity demand by 2050. Hence, the growing applications of electricity in the transportation industry will further drive the electric power transmission, control, and distribution market.

Increasing Demand For Electricity Fuels Growth In The Electric Power Transmission, Control, And Distribution Market

The increasing demand for electricity is expected to propel the growth of the electric power transmission, control, and distribution market going forward. Electricity is the flow of electric charge through conductors, powering various electrical devices and systems. Power transmission, control, and distribution are essential for delivering electricity from generation sources to end-users while maintaining safety, efficiency, and reliability throughout the process. For instance, in September 2023, according to the International Energy Agency, a France-based autonomous intergovernmental organization, in Colombia, the total net electricity production reached 7.0 terawatt-hours (TWh) in June 2023, marking a 1.1% increase on a year-to-date basis. Therefore, the increasing demand for electricity is driving the growth of the electric power transmission, control, and distribution market. Major companies operating in the electric power transmission, control, and distribution market include Tokyo Electric Power Co Holdings Incorporated, Korea Electric Power Corporation, Iberdrola SA, Electricite De France SA, E.ON SE, American Electric Power Co Inc., Ameren Corporation, American Transmission Co, Avangrid Inc., Berkshire Hathaway Inc., Black & Veatch Corp, Schneider Electric SE, Burns & Mcdonnell Engineering India Private Ltd., Dominion Energy Inc., Duke Energy Corporation, Southern California Edison Company, Engie SA, Exelon Corporation, Great Southwestern Construction Inc., R. & J Electric LLC, National Grid PLC, NextEra Energy Inc., NRG Energy Inc., Oncor Inc., Pacific Gas and Electric Company, PAR Electrical Contractors LLC., PPL Electric Utilities Corporation, Power Engineers Company, Power Consulting Associates LLC, Quanta Services Inc., Sargent & Lundy LLC, Southwestern Public Service Company, Tennessee Valley Authority, Western Area Power Administration Company.

Impact Of Increasing Electric Transportation Applications On The Power Generation Market

The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the electric power generation, transmission, and distribution markets in 2020 as demand for utility services from industrial and commercial establishments decreased due to trade restrictions and lockdowns imposed by governments globally. Many manufacturing facilities globally halted operations to contain the spread of viruses among their workforce, thereby limiting the need for utility services such as electricity and wastewater treatment. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of lockdown and the outbreak continues to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the electric power generation, transmission, and distribution markets will recover from the shock across the forecast period as it is a black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy.

Evolving Utility Business Models In The Power Generation Market

Utility business models are continuously evolving from traditional electricity generation models to new business models such as distributed generation models to cut costs and improve transmission and distribution efficiencies. Distributed generation refers to localized power generation using solar panels and other low-cost technologies to produce electricity close to the point of consumption. Consumers are switching to more cost-effective and controlled distributed generation networks. Therefore, electric power generation companies should now focus on distributed generation rather than a centralized electricity generation model. Many companies are also using new revenue models and incentives instead of traditional cost-of-service models. For instance, New York’s (Reforming Energy Vision) REV docket is focused on distributed generation and performance-based incentives to push utilities to serve grid needs. Electric utilities in states like California, Minnesota, and Massachusetts are also involved with the REV initiative. According to the IEA's semi-annual Power Market Report, worldwide electricity demand increased by roughly 5% in 2021 and is expected to increase by 4% in 2022, owing to the global economic recovery.

Increasing Focus On Introducing Green Product Label Cable To Gain A Competitive Edge

Major companies operating in the electric power transmission, control, and distribution market are focused on developing sustainable products such as green product label cables to gain a competitive edge in the market. A green product label is a certification or label awarded to products that meet specific environmental standards, indicating their sustainability and reduced impact on the environment. For instance, in April 2021, Prysmian Group, an Italy-based company specializing in the production of electrical cable, launched ECO CABLE. The cable industry's inaugural certifiable green product label for the energy transition. The ECO CABLE label is automatically assigned, utilizing recognized and quantifiable criteria derived from EU Ecolabel Regulation No. 66/2010. It aligns closely with the primary regulatory frameworks and requirements, with particular emphasis on cable products. These criteria encompass factors like carbon footprint, the absence of substances of very high concern, recyclability or circularity, recycling input rate, environmental advantages, and cable transmission efficiency. Asia-Pacific was the largest region in the electric power transmission, control, and distribution market in 2023. Western Europe was the second largest region in the electric power transmission, control, and distribution market. The regions covered in the electric power transmission, control, and distribution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the electric power transmission, control, and distribution market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa The electric power transmission, control, and distribution market include revenues earned by entities by providing services such as single-phase AC system, two-phase AC system, three-phase AC system, and DC system. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electric power transmission, control, and distribution market research report is one of a series of new reports from The Business Research Company that provides electric power transmission, control, and distribution market statistics, including electric power transmission, control, and distribution industry global market size, regional shares, competitors with an electric power transmission, control, and distribution market share, detailed electric power transmission, control, and distribution market segments, market trends and opportunities, and any further data you may need to thrive in the electric power transmission, control, and distribution industry. This electric power transmission, control, and distribution market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Biomass Electricity Market Definition

The biomass electricity market consists of sales of biomass power by entities (organizations, sole traders and partnerships) that convert biomass into electrical energy. The biomass electric power generation industry includes establishments that operate biomass electric power generation facilities which produce electricity generated from renewable organic waste that comes from plants and animals. These facilities use biomass, such as wood, waste, and alcohol fuels to produce electrical energy. In biomass power plants, wood waste or other is processed to make electricity, or to provide heat to industries and homes. The electrical energy generated is then supplied to electric power transmission systems, which are used to move large quantities of power from generating facilities to substations, and to distribution systems, which are used for short distances to transport electricity to customers locally. Biomass refers to a wide range of materials, including agricultural byproducts such as corn husks, wood chips, lumber and timber yard wastes, construction and demolition debris, and treated sewage sludge. There are a number of industries that produce biomass waste such as municipalities, colleges and universities, water treatment facilities, hotels, resorts and sports stadiums, hospitals, food processing facilities, wood primary or secondary product manufacturers and correctional facilities.