U.S. Electric Power Transmission and Distribution Equipment Market - Databook 2025 to 2034

The U.S. electric power transmission and distribution equipment market size accounted for USD 39.04 billion in 2024 and is predicted to touch around USD 68.01 billion by 2034, growing at a CAGR of 5.7% from 2025 to 2034.

Highlights of the U.S. Electric Power Transmission and Distribution Equipment Market

• By product insight, the cables and lines segment held a considerable presence in the market in 2024.
• By product insight, the transformer segment is expected to grow at a notable rate in the market during the forecast period of 2025 to 2034.
• By sales channel insight, the indirect sales channel segment accounted for a considerable share of the market in 2024.
• By sales channel insight, the direct sales channel segment is projected to experience the significant growth rate in the market between 2025 and 2034.

Industry Valuation and Growth Rate Projection

The U.S. electric power transmission and distribution equipment market deals with transformers, insulators, switches, capacitors, and transmitters that ensure the transfer of electricity from generating facilities to end users. The installation of these systems safeguards energy flow, grid stability, and safety issues. The demand for the market is rising due to increasing world energy demand, infrastructure production, and the ramping up of generation from renewable sources. With the mounting modernization of electrical grids among countries, the demand for transmission and distribution systems is being given very high consideration. The expansion of smart grid technologies and urbanization is coming up as an important market expansion driver. The demand for advanced transmission and distribution equipment is sustained on account of the emphasis laid upon minimizing energy losses and maximizing grid reliability.

What are the Latest Trends in the U.S. Electric Power Transmission and Distribution Equipment Market?

The market trends in the U.S. electric power transmission and distribution equipment market are the integration of advanced grid technologies, a shift toward renewable energy, and the development of decentralized power generation.

Smart Grid & Digital Substations: IoT-based smart meters, along with advanced SCADA systems, are being employed for the purpose of grid monitoring in real time and intelligent grid management.

• Renewable Energy Integration: Modifications to T&D systems are being effected to accommodate solar and wind power, which are both intermittent, without compromising the stability of the grid.
• Grid Modernization: The goal is to upgrade and replace the system with one an unacceptable degree of unreliability in the burden of ever-increasing loads.
• Decentralized Generation: An Increase in the number of microgrids and distributed energy systems providing power supply and energy resilience to certain areas.
• HVDC Transmission Expansion: A more preferred one for long-distance and highly efficient transmission of power coming from remote renewable sources.

What are the Restraining Factors of the U.S. Electric Power Transmission and Distribution Equipment Market?

Major restraining factors of the U.S. electric power transmission and distribution equipment market include high investment cost, and regulatory hurdles are major challenging factors of the market.

• High Initial Investment: Advanced transmission and distribution systems and HVDC or smart technologies need huge capital investments.
• Regulatory Hurdles: Time-consuming permitting and land acquisition, absence of uniform global standards for infrastructure-related work, etc., are causing delays.
• Cybersecurity threats: The more security, cyberattacks can threaten grids with their increased digitization. Legacy System Interoperability: It is a drawback for modern technologies when it comes to enjoying full benefits in conjunction with legacy systems.

What are the Opportunities in the U.S. Electric Power Transmission and Distribution Equipment Market?

The opportunities in the U.S. dark store market have to do with the integration of AI into grid technologies, and supportive government initiatives with a lot of research and development funding.

• Smart Grid and Monitoring: Real-time data, automated grid response, and digital twins could improve operations.
• Artificial Intelligence in Grid Operation: Includes applications such as predictive maintenance, forecasting renewables, optimizing the flow of energy, and fetching the resolution of faults at the greatest speed.
• EV Infrastructure Development: The growing consumption of EVs induces the demand for smart charging and load management.
• Government Initiatives & R&D: Supportive policies and rising R&D spending will allow for the modernization and sustainability of the T&D systems.

Recent Developments in the U.S. Electric Power Transmission and Distribution Equipment Market:

• In October 2024, Mitsubishi Electric Power Products and Mitsubishi Electric Corporation announced a $86 million investment in advanced switchgear production and power electronics in the U.S.
• In May 2024, Siemens Smart Infrastructure introduces Electrification X, a dynamic portfolio for digitally transforming ageing electrification infrastructure across commercial, industrial, and utility applications, offering IoT SaaS and software solutions.

U.S. Electric Power Transmission and Distribution Equipment Market Companies:

• General Electric (GE Vernova)
• Siemens Energy
• Schneider Electric
• Eaton Corporation
• Mitsubishi Electric Power Products
• Vertiv Holdings Co.
• Quanta Services

U.S. Electric Power Transmission and Distribution Equipment Market Segmentation:

By Products

• Transformer
  • Power Transformer
  • Distribution Transformer
• Switchgear
  • Circuit Breaker
  • Fuse
  • Distribution Control Panel
  • Others
• Insulators & Fittings
• Cables & Lines
• Others

By Sales Channel

• Indirect Channel
  • Commercial Distribution
  • Catalog Distribution
  • Retail Box Stores
  • E-commerce
• Direct Channel