| Status : Published | Published On : Jan, 2024 | Report Code : VRSME9033 | Industry : Semiconductor & Electronics | Available Format :
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Page : 157 |
Global GSA Electricity Transmission and Distribution EPC Market - Analysis and Forecast (2025–2030)
Industry Insights by Voltage {Low (200 V or 400 V), Medium (6kV-60kV), High (60kV – 110kV), Extra High (110kV – 380kV), Ultra-high (Above 380kV)}, by Installation (Overhead, Underground), by Service (Engineering, Procurement, Construction)
Industry Overview
The Electricity Transmission And Distribution EPC Market of GSA had a valuation of USD 397.3 billion in 2023. It is projected to witness substantial growth and reach USD 474.7 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 3.6%.
In the growth of T&D networks, electricity transmission & distribution EPC plays a key role. EPC's electricity transmission & dealer designs and procures equipment and provides the customers with a working product. The increase in investment in transmission & distribution infrastructure growth because of the rise in renewable energy usage in the GSA transmission & distribution market is expected to increase during the forecast period.
Different stages of electricity transport via poles and wires from generators to the home or a company are transmitted and distributed. The principal difference between the two is that electricity travels in any stage at the voltage level. Following the generation of power, an electrical wiring device transports electricity to our homes and businesses from a source of generation. The transmission and distributors are two different stages or networks in the grid. These lines can be located overhead or even on the floor, and the combined transmission and distribution lines form what is generally called the "group."
Transmission is the electricity supply "interstate road." It refers to the part of the supply of electricity which moves large-scale electricity from production sites to stations closer to electricity demand. Consumers may identify transmission lines as the bigger, taller towers with long distances holding several wires. Transmission lines move massive quantities of power at a high voltage - a level that is too much for direct distribution to a house or business. Lines, transformers, substations, and other systems are equipped with 100 kV (100,000 volt) and higher voltages.
Analysis of Electricity Transmission and Distribution Market
Renewable energy has risen dramatically in recent years as attempts have been made to de-carbonise the energy market by increasing the renewable energy potential and phasing out conventional plants. According to Enerdata, the share in electricity production in renewable energy (including hydropower) was nearly 29% in 2018, up from almost one percent in the European Union in 2000. Renewable resources have been improved by adoption rates and power production variability. This has contributed to increased grid reliability issues. In order to achieve grid stability, substantial investments are required in T&D infrastructure
In the growth of T&D networks, electricity transmission & distribution EPC plays a key role. EPC's electricity transmission & dealer designs and procures equipment and provides the customers with a working product. The increase in investment in transmission & distribution infrastructure growth because of the rise in renewable energy usage in the GSA transmission & distribution market is expected to increase during the forecast period.
EPC contractors conduct comprehensive design and layout of programs, equipment procurement, development of systems, functional testing and the provision of functional assets and facilities. EPC transmission & distribution is a service provider. EPC contactors may often also enter service contracts with customers for power transmission & distribution.
Multiple power transmission & distribution system operator companies use EPC services. The EPC services are mainly used in long-term projects involving complex construction, strict regulations, and a large network of suppliers and contractors.
Market Segmentation
By Voltage
- - Low (200 V or 400 V)
- - Medium (6kV-60kV)
- - High (60kV – 110kV)
- - Extra High (110kV – 380kV)
- - Ultra-high (Above 380kV)
The low segment represented a major share of GSA's electricity transmission and distribution EPC market in 2019 about voltage. Increased demand for electricity is a key factor in investments in building low voltage distribution lines in residential and small business establishments.
By Installation
- - Overhead
- - Underground
The underground sector kept an important part of the electricity transmission & distribution EPC market for GSA in 2019 about its installation. The implementation by transmission system operators of several projects to construct an underground HVDC transmission line in offshore areas increases investments in underground lines growth.
By Service
- - Engineering
- - Procurement
- - Construction
Based on operation, GSA's EPC business procurement segment is expected to grow at a speedy speed during the projected period.
In the Austrian electrical transmission and distribution EPC industry, software companies are stepping up to assist producers in the procurement of projects. For example, ReqPOOL, a leading software management consulting company in Germany, partners with Austrian Power Grid AG, to efficiently manage the maintenance and technical services for electrical generation by electricity producers and distribution systems operators. Key innovations in the GSA electricity transmission & distribution EPC sector led to the rapid growth in sales, where the market is expected to reach USD 546.5 billion by 2030.
Global GSA Electricity Transmission and Distribution EPC Market Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2018 - 2023 |
|
Base Year Considered |
2024 |
|
Forecast Period |
2025 - 2030 |
|
Market Size in 2023 |
U.S.D. 397.3 Billion |
|
Revenue Forecast in 2030 |
U.S.D. 474.7 Billion |
|
Growth Rate |
3.6% |
|
Segments Covered in the Report |
By Voltage, By Installation and By Service |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
For the expansion of the energy grid, sophisticated software systems help to control workers, manage schedule, and address bottlenecks. These systems track failures and energy fluctuations in the grid, thereby making day-to-day business more professional by using actionable data.
By Region
- Germany
- Switzerland
- Austria
In 2019, the power transmission & distribution EPC market in GSA was dominated by Germany. Germany can be attributed to a rise in investments for the construction of offshore wind power projects in the EPC transmission & distribution sector in GSA. Due to the growing investment in the renovation and replacement of aging power grid infrastructure, the EPC transmission & distribution market in Switzerland is expected to rise during the forecast period. In Austria there is a risk that the EPC demand for electricity transmission & distribution in the forecast period will rise moderately.
A key factor driving the EPC electricity transmission and distribution market in the country is the implementation of the proposed investment in the construction of grid transport infrastructure for maintaining grid security.
Competitive Landscape and Key Players in the Market
Arteche is a Spanish multinational corporation headquartered in Mungia, Spain. Arteche develops equipment for the electric power industry, including generation, transmission, and distribution. Arteche equipment is installed in more than 150 countries.
Fluor Corporation is an American multinational engineering and construction firm that is headquartered in Irving, Texas. It provides services through its subsidiaries in three main areas oil and gas, industrial and infrastructure, government and power.
Following are the key players :
- ARTECHE
- Fluor Corporation
- Europower Energie B.V
- Eltel Networks
- GOPA – International Energy Consultants GmbH
- GENERAL ELECTRIC
- Renewable Energy System Limited
- Bechtel Corporation
- Nuberg
- EPC Solutions
- IFM – Internationale Freileitungsmontage A.S
- STEAG GMBH
- ZTT
Recent Developments by Key Players
Fluor Corporation is a global engineering and construction firm taht has expanded its operations in India with the opening of a new office in Vadodara. The Vadodara office is set to complement the company's existing presence in New Delhi, where Fluor has operated since 1995. This will contribute to a variety of sectors like critical minerals, data centers, energy, advanced manufacturing, technologies, mining, metals, infrastructure, life sciences and semiconductors.
Bechtel completed the jacking and setting process for Mobile Launcher 2 at Kennedy Space Center. This achievement is a critical step in the process to build, design and commission NASA’s new mobile launcher. The milestone was accomplished through collaboration with NASA’s crawler-transporter team to the Artemis campaign around Kennedy.
Green electricity demand increases because of COVID-19 emission reduction
Due to the COVID 19(coronavirus) outbreak, the national closure and lock-down scenarios have contributed to a major decline in emissions. Therefore, in response to a pandemic subsidy over the coming months, Swiss environmentalists seek a green recovery from sectors that are contributing to increased greenhouse gas emissions, such as aviation. Therefore, companies in Switzerland should take advantage of this opportunity to promote renewable energy electricity production for power producers on the electricity transmission and distribution market EPC.
Several thousand people, including environmentalists raise questions about Switzerland's rising greenhouse gas levels. To resolve this question, individuals sign petitions to create a green electricity generation campaign in Parliament. Like wind energy in Germany, which is increasingly common on electricity transmission & distributor EPC, companies in Switzerland can follow the same pitch electricity producers.
Primary Research
VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry includes, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behavior.
The GSA Electricity Transmission and Distribution EPC Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
- By Voltage
- Low (200 V or 400 V)
- Medium (6kV-60kV)
- High (60kV – 110kV)
- Extra High (110kV – 380kV)
- Ultra-high (Above 380kV)
- By Installation
- Overhead
- Underground
- By Service
- Engineering
- Procurement
- Construction
Region Covered in the Report
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
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Source: VynZ Research
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Source: VynZ Research
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GSA Electricity Transmission and Distribution EPC Market