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T&D Equipment Market in Europe 2017-2021

About T&D equipment

Transmission and distribution (T&D) infrastructure supplies electricity to power substations and then to the electric utility, which delivers electricity to industrial and domestic consumers.

Technavio’s analysts forecast the T&D equipment market in Europe to grow at a CAGR of 3.55% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the T&D equipment market in Europe for 2017-2021. To calculate the market size, the report considers the new installations and retrofit market. The market sizing is limited to power cables, switchgear, and transformers only.Technavio's report, T&D Equipment Market in Europe 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • ABB
  • General Cable
  • Nexans
  • Prysmian
  • Siemens
Other prominent vendors
  • Abbott Vascular
  • Abiomed
  • AtriCure
  • Biosensors International
  • Biotronik
  • BioVentrix
  • C. R. Bard
Market driver
  • Offshore wind energy
  • For a full, detailed list, view our report
Market challenge
  • Increase in distribution generation
  • For a full, detailed list, view our report
Market trend
  • Addition and refurbishment of T&D lines
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – T&D Equipment Market in Europe 2017-2021

Technavio recognizes the following companies as the key players in the T&D equipment market in Europe: ABB, General Cable, Nexans, Prysmian, and Siemens.

Other Prominent Vendors in the market are: AEI Cables, Belden, E+I Engineering, Eaton, Furukawa Electric Industrial Cable, General Electric, Hyundai Heavy Industries, International Wire, JDR Cable Systems, LS Cable, Mitsubishi Electric, nkt cables, S&C Electric Company, Schneider Electric, SKEMA, Southwire, and Sumitomo Electric Industries.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is addition and refurbishment of T&D lines. The power sector of Europe is a mature market with well-established grid infrastructure and 100% electrification rate. However, the rising pressure on the power grid due to the evolving energy landscape, the development of an interconnected grid, and aging infrastructure are encouraging vendors to upgrade and extend T&D lines in Europe.”

According to the report, one of the major drivers for this market is offshore wind energy. The opportunities for offshore wind generation are enormous. The offshore wind generation is relatively a new technology; therefore, the cost of power generation is currently high. However, during the forecast period, we expect the cost of power generating to reduce and the technology to advance. This is expected to create a demand for the installation of new offshore wind turbines, in turn, will drive the demand for subsea power cables for transporting electricity ashore. World's 90% of the offshore wind energy plants are installed in Northern Europe, Baltic, Irish seas, and the English Channel.

Further, the report states that one of the major factors hindering the growth of this market is increase in distribution generation. A distribution generation refers to the small-scale power generation, which is done with the help of generators or renewables at the point of consumption. This is gaining popularity due to the reduced cost of energy systems such as solar PV and support from governments due to the system's economic and emission benefits.

Companies Mentioned

ABB, General Cable, Nexans, Prysmian, Siemens, AEI Cables, Belden, E+I Engineering, Eaton, Furukawa Electric Industrial Cable, General Electric, Hyundai Heavy Industries, International Wire, JDR Cable Systems, LS Cable, Mitsubishi Electric, nkt cables, S&C Electric Company, Schneider Electric, SKEMA, Southwire, Sumitomo Electric Industries.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Global cable market overview
  • Market landscape
    • Market overview
      • Table T&D equipment market in Europe: Overview
    • Market size and forecast
      • Table T&D equipment market in Europe 2016-2021 ($ billions)
      • Table EU binding targets
      • Table Renewable energy policy coverage in Europe 2004 and 2014
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • T&D equipment market in Europe by product
      • Table T&D equipment market in Europe by product 2016 and 2021 (%)
      • Table T&D equipment market in Europe by product 2016-2021 ($ billions)
    • T&D equipment market in Europe by power cables
      • Table T&D equipment market in Europe by power cables 2016-2021 ($ billions)
      • Table Key submarine power cable projects in Europe and expected replacement time frame
    • T&D equipment market in Europe by transformers
      • Table T&D equipment market in Europe by transformers 2016-2021 ($ billions)
    • T&D equipment market in Europe by switchgear
      • Table T&D equipment market in Europe by switchgear 2016-2021 ($ billions)
  • Market segmentation by application
    • T&D equipment market in Europe by application
      • Table T&D equipment market in Europe by application 2016 and 2021 (%)
      • Table T&D equipment market in Europe by application 2016-2021 ($ billions)
    • T&D equipment market in Europe by distribution
      • Table T&D equipment market in Europe by distribution 2016-2021 ($ billions)
    • T&D equipment market in Europe by transmission
      • Table T&D equipment market in Europe by transmission 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global net electricity generation by fuel 2012, 2020, and 2025 (trillion kilowatt hours)
      • Table Capacity additions of renewable energy in EU 2015
      • Table Country-specific renewable energy targets
      • Table Importance of subsea power cable in offshore renewable energy
      • Table Key news in tidal energy power generation
      • Table Offshore cable type share 2015 (%)
      • Table Benefits of interconnected systems
      • Table PCI projects 2013 and 2015 (%)
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Benefits of distribution generation
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Addition and refurbishment of T&D lines
      • Table Additions and refurbishments of T&D lines in Europe 2014-2035 (thousand miles)
    • Growing focus on energy efficiency
      • Table Cumulative energy efficiency investments 2014-2035 (%)
    • Transition to smart grid
      • Table Traditional power grid
      • Table Smart grid technology application areas
      • Table Transformed grid
  • Vendor landscape
    • Key vendors
    • Other prominent vendors
  • Key vendor analysis
    • ABB
    • General Cable
      • Table General Cable: Cable types
      • Table General Cable: Key products
    • Nexans
      • Table Nexans: Product portfolio
      • Table Nexans: Key products
    • Prysmian
      • Table Prysmian: Key products
    • Siemens
      • Table Siemens: Key products
  • Appendix
    • List of abbreviations
  • Explore Technavio

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