Global Electricity Transmission Infrastructure Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Switchgear & Switchboard Apparatus ,Transformers Include Power & Distribution Transformers, and Others.

By Application;

Overhead Power Transmission, and Underground Power Transmission.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn016869289 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Electricity Transmission Infrastructure Market (USD Million), 2021 - 2031

In the year 2024, the Global Electricity Transmission Infrastructure Market was valued at USD 3228.53 million. The size of this market is expected to increase to USD 4854.51 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.

The global electricity transmission infrastructure market is a vital segment within the energy industry, responsible for the safe, efficient, and reliable movement of electricity from power plants to end users. This infrastructure includes a wide range of assets such as high-voltage transmission lines, substations, transformers, and other essential components that facilitate the long-distance transportation of electricity. As energy demand continues to rise globally, the importance of robust and scalable transmission networks has grown, particularly in meeting the needs of rapidly expanding urban populations and supporting the integration of renewable energy sources.

Key factors driving the growth of the electricity transmission infrastructure market include the increasing global demand for electricity, urbanization, and the global push toward cleaner and more sustainable energy sources. Countries worldwide are undergoing significant energy transitions, with many adopting renewable energy technologies such as solar, wind, and hydroelectric power. This shift necessitates the development of modern transmission grids capable of handling the complexities of integrating intermittent renewable energy sources and ensuring stable, uninterrupted electricity supply across regions. Moreover, the growing need for energy security and the need to address aging infrastructure have led to significant investments in grid modernization and expansion projects.

The market is also influenced by technological advancements and innovations in grid management, automation, and smart grid technologies. The development of smart grids, which utilize digital communication technology to monitor and manage electricity transmission systems, has improved grid efficiency, reliability, and the ability to accommodate decentralized energy production. Additionally, the rise of energy storage solutions and the increasing focus on reducing transmission losses have further fueled the demand for advanced transmission infrastructure. With continued urbanization, rising energy consumption, and the push for sustainable energy solutions, the electricity transmission infrastructure market is poised for substantial growth in the coming years, offering numerous opportunities for innovation, investment, and development in the sector.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Electricity Transmission Infrastructure Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Renewable Energy Integration
        2. Urbanization and Industrialization
        3. Grid Modernization Initiatives
        4. Energy Security Concerns
        5. Electrification of Transportation
        6. Cross-Border Energy Trading
      2. Restraints
        1. Regulatory and Permitting Challenges
        2. Land Acquisition and Right-of-Way Issues
        3. Technological and Operational Challenges
        4. Public Opposition and NIMBY Syndrome
        5. Uncertainty in Energy Policies
      3. Opportunities
        1. Grid Resilience and Flexibility Solutions
        2. Digitalization and Automation
        3. Interconnection Projects and Regional Integration
        4. HVDC Transmission Technology
        5. Infrastructure Investment and Stimulus Programs
        6. Electrification of Industry and Buildings
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Electricity Transmission Infrastructure Market, By Type, 2021 - 2031 (USD Million)
      1. Switchgear & Switchboard Apparatus
      2. Transformers Include Power & Distribution Transformers
      3. Others
    2. Global Electricity Transmission Infrastructure Market, By Application, 2021 - 2031 (USD Million)
      1. Overhead Power Transmission
      2. Underground Power Transmission
    3. Global Electricity Transmission Infrastructure Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ABB Limited
      2. Alstom SA
      3. Mitsubishi Electric
      4. Eaton
      5. General Electric Company
      6. Hitachi Limited
      7. Siemens AG
      8. Toshiba Corporation
      9. OSRAM Licht AG
  7. Analyst Views
  8. Future Outlook of the Market