How Big is the Transmission and Distribution Market | Industry Trends & Forecast 2025

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Code: MTA9404

Publication Date: Sep 2025

What is the size of Transmission and Distribution Market?

According to 6Wresearch internal database and industry insights, the Transmission and Distribution Market was estimated at USD 120 billion in 2024 and is projected to reach USD 198 billion by 2031, expanding at a CAGR of 7.8% during the forecast period 2025-2031.

There are numbers of factors which are contributing in the expansion of the market include increasing investments in smart grid infrastructure, rising electricity demand, modernization of aging power networks, adoption of renewable energy sources, and advancements in automation and monitoring technologies.

Growth Factors for Transmission and Distribution Industry

Growing expenditures on sophisticated metering infrastructure and smart grid
Reliable and effective power transmission systems are becoming more necessary
Using renewable energy sources, like wind and solar
Technological developments in monitoring and grid automation
Increasing demand for low-loss and energy-efficient transmission equipment
Government programs that encourage the growth of the power sector

Transmission and Distribution Market Trends

Transmission and Distribution Market is witnessing substantial growth with trends such as integration of digital monitoring and automation technologies. The adoption of smart grids and advanced metering infrastructure is increasing rapidly. There is a growing focus on reducing transmission losses and improving grid efficiency. Demand for compact and modular substation designs is rising. The market is also seeing developments in high-voltage direct current (HVDC) transmission solutions. Utilities are implementing predictive maintenance and real-time grid analytics. Increasing deployment of IoT-enabled grid devices and sensors is enhancing operational efficiency. Additionally, investments in energy storage solutions to support grid stability are gaining traction.

Emerging Developments in the Transmission and Distribution Market

Transmission and Distribution Market is evolving through advancements in high-efficiency transformers, circuit breakers, and switchgear technologies. The ongoing research and development in energy management and smart grid automation systems. AI-powered predictive maintenance technologies are being used by utilities more. Transmission networks are increasingly integrating renewable energy sources. Utilities and technology companies are increasingly coming together to develop digital grid solutions. The market is growing as a result of the expansion of distributed energy and microgrid systems. There is an increasing emphasis on cybersecurity solutions for T&D networks. Future infrastructure development is being shaped by the deployment of FACTS (Flexible AC Transmission Systems) and next-generation HVDC.