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U.S. Electricity Transmission and Distribution Market Future-proof Strategies: Trends, Competitor Dynamics, and Opportunities 2024-2032

U.S. Electricity Transmission and Distribution Market by Asset Type (Transmission Line, Distribution Line), by End-user (Electric Utility {Public Utility, Private Utility}, Industrial, Renewables), by Forecast 2024-2032

Nov 21 2024
Base Year: 2023
100 Pages
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U.S. Electricity Transmission and Distribution Market Future-proof Strategies: Trends, Competitor Dynamics, and Opportunities 2024-2032

Key Insights

The U.S. Electricity Transmission and Distribution Market size was valued at USD 82.96 USD Billion in 2023 and is projected to reach USD 101.68 USD Billion by 2032, exhibiting a CAGR of 2.95 % during the forecast period. Electricity Transmission and Distribution refers to the processes of conveying electricity from generation stations to consumers. Transmission implies direct transmission of electrical power through power lines, although distribution focuses on the distribution of the electricity to the consumer through substations. The areas of usage cover home use, businesses, and industries. There exists Overhead and underground systems, transporting involving transmission lines which are mostly overhead while the distribution lines which may be either overhead or underground. The following are benefits related to efficient electrification, electricity provision reliability, economic development, and incorporation of renewable power systems. Current Industry trends in the U. S. Market has anteriorly focused on advancement in the structure of the grid, smart grid integration, and fortification against cyber-attack and natural calamities in parallel to the rising capital investments in renewable energy, energy storage systems as well for improved efficiency and sustainability.

U.S. Electricity Transmission and Distribution Market Research Report - Market Size, Growth & Forecast

U.S. Electricity Transmission and Distribution Trends

  • Growing adoption of distributed energy resources (DERs)
  • Increasing use of smart grid technologies
  • Focus on improving grid resilience and reliability
  • Investment in transmission and distribution infrastructure expansion

Driving Forces: What's Propelling the U.S. Electricity Transmission and Distribution Market

  • Exponential population growth and robust economic expansion
  • Accelerated electrification of transportation and heating systems
  • Heightened environmental consciousness and the imperative shift towards renewable energy sources
  • Government mandates and incentives to promote clean energy
  • Rapid technological advancements in grid infrastructure and distributed energy resources

Challenges and Restraints in U.S. Electricity Transmission and Distribution Market

  • High cost of infrastructure upgrades
  • Regulatory hurdles and lengthy permitting processes
  • Concerns over electromagnetic fields and other environmental impacts
  • Cybersecurity risks

Emerging Trends in U.S. Electricity Transmission and Distribution

  • Integration of advanced technologies such as blockchain and artificial intelligence
  • Development of microgrids and distributed energy systems
  • Focus on energy efficiency and demand-side management
  • Growing importance of data analytics and predictive maintenance

Growth Catalysts in U.S. Electricity Transmission and Distribution Industry

U.S. Electricity Transmission and Distribution Market Growth
  • Federal infrastructure spending and tax credits
  • State and local renewable energy policies
  • Increasing adoption of electric vehicles
  • Technological advancements and cost reductions

Market Segmentation: U.S. Electricity Transmission and Distribution Analysis

By Asset Type:

  • Transmission Line
  • Distribution Line

By End-user:

  • Electric Utility
  • Public Utility
  • Private Utility
  • Industrial
  • Renewables

Leading Players in the U.S. Electricity Transmission and Distribution Market

  • Duke Energy Corporation (U.S.)
  • ABB (Switzerland)
  • Siemens (Germany)
  • Schneider Electric (France)
  • Hitachi Ltd. (Japan)
  • Toshiba Corporation (Japan)
  • Mitsubishi Electric Corporation (Japan)
  • Eaton Corporation (Ireland)
  • Crompton Greaves Ltd (India)
  • Alstom (France)

Significant developments in U.S. Electricity Transmission and Distribution Sector

  • July 2023: Duke Energy announced the sale of its commercial distributed generation business to ArcLight Capital Partners for USD 364 million.
  • February 2023: Energy Hub and Siemens partnered to enhance their grid software business ecosystem.
  • August 2021: Mitsubishi Electric acquired Smarter Grid Solutions, a provider of DER management software.

Comprehensive Coverage U.S. Electricity Transmission and Distribution Market Report

This report provides a comprehensive analysis of the U.S. electricity transmission and distribution market, encompassing:

  • Regional Market Analysis
  • Technological Landscape Assessment
  • PESTLE Analysis (Political, Economic, Social, Technological, Legal, Environmental)
  • Porter's Five Forces Analysis
  • BCG Matrix Analysis (Boston Consulting Group)
  • In-depth Import and Export Analysis
  • Production and Consumption Trends
  • Current and Future Regulatory Landscape

U.S. Electricity Transmission and Distribution Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 2.95% from 2018-2032
Segmentation
    • By Asset Type
      • Transmission Line
      • Distribution Line
    • By End-user
      • Electric Utility {Public Utility
      • Private Utility}
      • Industrial
      • Renewables
  • By Geography

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Growing Focus on Safety and Organization to Fuel Market Growth
      • 3.3. Market Restrains
        • 3.3.1. High Capital Cost Restrain the Growth of the Market
      • 3.4. Market Trends
        • 3.4.1. Growth of IT Infrastructure to Bolster the Demand for Modern Cable Tray Management Solutions
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. U.S. Electricity Transmission and Distribution Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Asset Type
      • 5.1.1. Transmission Line
      • 5.1.2. Distribution Line
    • 5.2. Market Analysis, Insights and Forecast - by End-user
      • 5.2.1. Electric Utility {Public Utility
      • 5.2.2. Private Utility}
      • 5.2.3. Industrial
      • 5.2.4. Renewables
    • 5.3. Market Analysis, Insights and Forecast - by Region
      • 5.3.1.
  6. 6. Northeast U.S. Electricity Transmission and Distribution Market Analysis, Insights and Forecast, 2018-2030
      • 6.1. Market Analysis, Insights and Forecast - By Asset Type
        • 6.1.1 Transmission Line
        • 6.1.2 Distribution Line
      • 6.2. Market Analysis, Insights and Forecast - By End-user
        • 6.2.1 Electric Utility {Public Utility and Private Utility}
        • 6.2.2 Industrial
        • 6.2.3 Renewables
  7. 7. Southeast U.S. Electricity Transmission and Distribution Market Analysis, Insights and Forecast, 2018-2030
      • 7.1. Market Analysis, Insights and Forecast - By Asset Type
        • 7.1.1 Transmission Line
        • 7.1.2 Distribution Line
      • 7.2. Market Analysis, Insights and Forecast - By End-user
        • 7.2.1 Electric Utility {Public Utility and Private Utility}
        • 7.2.2 Industrial
        • 7.2.3 Renewables
  8. 8. Midwest U.S. Electricity Transmission and Distribution Market Analysis, Insights and Forecast, 2018-2030
      • 8.1. Market Analysis, Insights and Forecast - By Asset Type
        • 8.1.1 Transmission Line
        • 8.1.2 Distribution Line
      • 8.2. Market Analysis, Insights and Forecast - By End-user
        • 8.2.1 Electric Utility {Public Utility and Private Utility}
        • 8.2.2 Industrial
        • 8.2.3 Renewables
  9. 9. Southwest U.S. Electricity Transmission and Distribution Market Analysis, Insights and Forecast, 2018-2030
      • 9.1. Market Analysis, Insights and Forecast - By Asset Type
        • 9.1.1 Transmission Line
        • 9.1.2 Distribution Line
      • 9.2. Market Analysis, Insights and Forecast - By End-user
        • 9.2.1 Electric Utility {Public Utility and Private Utility}
        • 9.2.2 Industrial
        • 9.2.3 Renewables
  10. 10. West U.S. Electricity Transmission and Distribution Market Analysis, Insights and Forecast, 2018-2030
      • 10.1. Market Analysis, Insights and Forecast - By Asset Type
        • 10.1.1 Transmission Line
        • 10.1.2 Distribution Line
      • 10.2. Market Analysis, Insights and Forecast - By End-user
        • 10.2.1 Electric Utility {Public Utility and Private Utility}
        • 10.2.2 Industrial
        • 10.2.3 Renewables
  11. 11. Competitive Analysis
    • 11.1. Market Share Analysis 2023
      • 11.2. Company Profiles
        • 11.2.1 Duke Energy Corporation (U.S.)
          • 11.2.1.1. Overview
          • 11.2.1.2. Products
          • 11.2.1.3. SWOT Analysis
          • 11.2.1.4. Recent Developments
          • 11.2.1.5. Financials (Based on Availability)
        • 11.2.2 ABB (Switzerland)
          • 11.2.2.1. Overview
          • 11.2.2.2. Products
          • 11.2.2.3. SWOT Analysis
          • 11.2.2.4. Recent Developments
          • 11.2.2.5. Financials (Based on Availability)
        • 11.2.3 Siemens (Germany)
          • 11.2.3.1. Overview
          • 11.2.3.2. Products
          • 11.2.3.3. SWOT Analysis
          • 11.2.3.4. Recent Developments
          • 11.2.3.5. Financials (Based on Availability)
        • 11.2.4 Schneider Electric (France)
          • 11.2.4.1. Overview
          • 11.2.4.2. Products
          • 11.2.4.3. SWOT Analysis
          • 11.2.4.4. Recent Developments
          • 11.2.4.5. Financials (Based on Availability)
        • 11.2.5 Hitachi Ltd. (Japan)
          • 11.2.5.1. Overview
          • 11.2.5.2. Products
          • 11.2.5.3. SWOT Analysis
          • 11.2.5.4. Recent Developments
          • 11.2.5.5. Financials (Based on Availability)
        • 11.2.6 Toshiba Corporation (Japan)
          • 11.2.6.1. Overview
          • 11.2.6.2. Products
          • 11.2.6.3. SWOT Analysis
          • 11.2.6.4. Recent Developments
          • 11.2.6.5. Financials (Based on Availability)
        • 11.2.7 Mitsubishi Electric Corporation (Japan)
          • 11.2.7.1. Overview
          • 11.2.7.2. Products
          • 11.2.7.3. SWOT Analysis
          • 11.2.7.4. Recent Developments
          • 11.2.7.5. Financials (Based on Availability)
        • 11.2.8 Eaton Corporation (Ireland)
          • 11.2.8.1. Overview
          • 11.2.8.2. Products
          • 11.2.8.3. SWOT Analysis
          • 11.2.8.4. Recent Developments
          • 11.2.8.5. Financials (Based on Availability)
        • 11.2.9 Crompton Greaves Ltd (India)
          • 11.2.9.1. Overview
          • 11.2.9.2. Products
          • 11.2.9.3. SWOT Analysis
          • 11.2.9.4. Recent Developments
          • 11.2.9.5. Financials (Based on Availability)
        • 11.2.10 Alstom (France)
          • 11.2.10.1. Overview
          • 11.2.10.2. Products
          • 11.2.10.3. SWOT Analysis
          • 11.2.10.4. Recent Developments
          • 11.2.10.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: U.S. Electricity Transmission and Distribution Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
  2. Figure 2: U.S. Electricity Transmission and Distribution Market Value Share (%), by Asset Type 2023 & 2031
  3. Figure 3: U.S. Electricity Transmission and Distribution Market Value Share (%), by End-user 2023 & 2031
  4. Figure 4: U.S. Electricity Transmission and Distribution Market Share (%) by Company 2023
List of Tables
  1. Table 1: U.S. Electricity Transmission and Distribution Market Revenue USD Billion Forecast, by Asset Type 2018 & 2031
  2. Table 2: U.S. Electricity Transmission and Distribution Market Revenue USD Billion Forecast, by End-user 2018 & 2031
  3. Table 3: U.S. Electricity Transmission and Distribution Market Revenue USD Billion Forecast, by Region 2018 & 2031
  4. Table 4: U.S. Electricity Transmission and Distribution Market Revenue USD Billion Forecast, by Asset Type 2018 & 2031
  5. Table 5: U.S. Electricity Transmission and Distribution Market Revenue USD Billion Forecast, by End-user 2018 & 2031
  6. Table 6: U.S. Electricity Transmission and Distribution Market Revenue USD Billion Forecast, by Region 2018 & 2031
  7. Table 7: U.S. Electricity Transmission and Distribution Market Revenue USD Billion Forecast, by Asset Type 2018 & 2031
  8. Table 8: U.S. Electricity Transmission and Distribution Market Revenue USD Billion Forecast, by End-user 2018 & 2031
  9. Table 9: U.S. Electricity Transmission and Distribution Market Revenue USD Billion Forecast, by Country 2018 & 2031
  10. Table 10: Northeast U.S. Electricity Transmission and Distribution Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  11. Table 11: Southeast U.S. Electricity Transmission and Distribution Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  12. Table 12: Midwest U.S. Electricity Transmission and Distribution Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  13. Table 13: Southwest U.S. Electricity Transmission and Distribution Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  14. Table 14: West U.S. Electricity Transmission and Distribution Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  15. Table 15: U.S. Electricity Transmission and Distribution Market Revenue USD Billion Forecast, by Asset Type 2018 & 2031
  16. Table 16: U.S. Electricity Transmission and Distribution Market Revenue USD Billion Forecast, by End-user 2018 & 2031
  17. Table 17: U.S. Electricity Transmission and Distribution Market Revenue USD Billion Forecast, by Country 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 2.95% from 2018-2032
Segmentation
    • By Asset Type
      • Transmission Line
      • Distribution Line
    • By End-user
      • Electric Utility {Public Utility
      • Private Utility}
      • Industrial
      • Renewables
  • By Geography

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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