Industry Landscape
The global electrical power distribution industry is undergoing significant transformation, driven by decarbonization, digitalization, and infrastructure upgrades. There's a strong push towards integrating renewable energy, developing smart grids, and modernizing aging infrastructure for enhanced reliability and efficiency. Automation and advanced analytics are becoming central to network management.
Industries:
Total Assets Under Management (AUM)
Electricity Transmission and Distribution Equipment Market Size in United Kingdom
~Approximately 7-8 billion USD
(5-7% CAGR)
- Driven by grid modernization efforts.
- Integration of renewable energy sources.
- Expansion of smart grid technologies.
Total Addressable Market
7 billion USD
Market Growth Stage
Low
Medium
High
Pace of Market Growth
Accelerating
Deaccelerating