Power Generation Transmission And Control Market Size & Share Analysis - Growth Trends And Forecast (2024 - 2031)

By Type;

Transformer, Electric Motor & Generator, Switchgear & Switchboard Apparatus, Relay and Industrial Controls

By Application;

Residential, Commercial, Automotive and Others

By End User;

Private and Public

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn234276430 Published Date: December, 2025 Updated Date: February, 2026

Power Generation Transmission And Control Market Overview

Power Generation Transmission And Control Market (USD Million)

Power Generation Transmission And Control Market was valued at USD 578,408.30 million in the year 2024 . The size of this market is expected to increase to USD 881,264.21 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.2%.


Power Generation Transmission And Control Market

*Market size in USD million

CAGR 6.2 %


Study Period2026 - 2032
Base Year2025
CAGR (%)6.2 %
Market Size (2025)USD 578,408.30 Million
Market Size (2032)USD 881,264.21 Million
Market ConcentrationMedium
Report Pages387
578,408.30
2025
881,264.21
2032

Major Players

  • Siemens
  • ABB
  • Schneider Electric
  • Mitsubishi Electric
  • General Electric
*Competitors List Not Exhaustive

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Power Generation Transmission And Control Market

Fragmented - Highly competitive market without dominant players


Power Generation Transmission And Control Market is at the core of the global energy ecosystem, ensuring smooth electricity production, distribution, and management. Rising demand for power and the growing share of renewables are accelerating the need for efficient solutions. Close to 65% of modern power systems are currently being upgraded with advanced technologies to enhance efficiency, reliability, and operational control.

Innovative Technologies
This market is being reshaped by smart control systems, digital automation, and power electronics. Approximately 40% of energy providers are integrating AI-based tools, IoT devices, and predictive monitoring to maintain grid stability and improve performance. These advancements not only strengthen reliability but also reduce costs and improve energy efficiency across transmission networks.

Shifting Energy Landscape
With nearly 55% of new energy capacity coming from renewable sources, transmission and control systems face new demands for flexibility. The adoption of energy storage, demand-response technologies, and grid balancing tools is increasing to manage variability in renewable power. This shift is creating opportunities for advanced control frameworks that align with sustainable energy goals.

Focus on Reliability
Reliability remains a top priority, as outdated infrastructure contributes to more than 70% of electricity disruptions. The industry is responding with investments in smart grids, automated monitoring, and advanced analytics to minimize downtime. These solutions ensure efficient energy flow, optimize asset performance, and enhance the resilience of power infrastructure.

  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 End User
    4. Market Snapshot, By Region
  4. Power Generation Transmission And Control Market Forces
    1. Drivers, Restraints and Opportunities
      1. Drivers:
        1. Renewable Energy Integration
        2. Grid Resilience and Reliability
        3. Electrification Trends
      2. Restraints:
        1. Regulatory and Permitting Challenges
        2. High Initial Capital Investment
        3. Technological Complexity and Integration Challenges
      3. Opportunities:
        1. Investments in Grid Modernization
        2. Technological Innovations
        3. Global Electrification Initiatives
    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. Power Generation Transmission And Control Market, By Type, 2021 - 2031 (USD Million)
      1. Transformer
      2. Electric Motor & Generator
      3. Switchgear & Switchboard Apparatus
      4. Relay
      5. Industrial Controls
    2. Power Generation Transmission And Control Market, By Application, 2021 - 2031 (USD Million)
      1. Residential
      2. Commercial
      3. Automotive
      4. Others
    3. Power Generation Transmission And Control Market, By End User, 2021 - 2031 (USD Million)
      1. Private
      2. Public
    4. Power Generation Transmission And Control 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. Siemens
      2. General Electric (GE)
      3. ABB
      4. Schneider Electric
      5. Eaton Corporation
      6. Alstom
      7. Bharat Heavy Electricals (BHEL)
      8. The AES Corporation
      9. Wärtsilä
      10. Cisco Systems
      11. John Wood Group
      12. Landis+Gyr
      13. Altra Industrial Motion
      14. Rockwell Automation
      15. Honeywell
  7. Analyst Views
  8. Future Outlook of the Market