As per Market Research Future, the Power T&D Equipment Market is witnessing robust growth due to rising global electricity demand and modernization of transmission and distribution networks. Smart grids and digital technologies are being increasingly deployed to improve power system efficiency and reliability. Investments in renewable energy integration and aging infrastructure upgrades are further supporting market expansion.Advanced T&D equipment reduces transmission losses, enhances grid stability, and enables real-time monitoring. Governments are promoting grid automation and smart metering systems, which boost adoption. Additionally, urbanization and industrial expansion drive the need for reliable and resilient power infrastructure.
Market Drivers:
Growing global electricity demand
Upgradation of aging grid infrastructure
Adoption of smart grid technologies
Integration of renewable energy
Urbanization and industrial growth
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