Analysing Key Trends and Growth Forecasts in the Global Transmission and Distribution Market (2022-2030)

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Analysing Key Trends and Growth Forecasts in the Global Transmission and Distribution Market (2022-2030)

Adebayo, Adeyinka Victor1, Ologunwa, O. P.2, Oladeji, Samuel3, & Osinubi, Olusoga Oyindamola4
1University of Johannesburg, South Africa
2Project Management Department, Federal University of Technology, Akure
3University of Strathclyde Glasgow, United Kingdom
4University of Plymouth, Drake Circus, Plymouth PL4 8AA

ABSTRACT

This study comprehensively analyses the key trends and growth forecasts in the global transmission and distribution (T&D) market from 2022 to 2030. As the global energy landscape significantly transforms towards renewable energy, the demand for efficient and reliable T&D infrastructure has become increasingly critical. The report leaves no stone unturned in examining the driving factors behind the expansion of the T&D market, including integrating renewable energy sources, technological advancements, and evolving regulatory frameworks. Through a detailed examination of market dynamics, regional developments, and competitive strategies, the study forecasts robust growth in the T&D sector, driven by increased investments in grid modernisation and smart grid technologies. The findings underscore the importance of continued innovation and strategic planning to address challenges such as grid stability, energy storage, and integrating decentralised energy systems. The report concludes with key recommendations for industry stakeholders, providing them with practical and actionable strategies to capitalise on emerging opportunities and navigate the complexities of the evolving energy market.

Citations – APA

Adebayo, A. V., Ologunwa, O. P., Oladeji, S. & Osinubi, O. O. (2024). Analysing Key Trends and Growth Forecasts in the Global Transmission and Distribution Market (2022-2030). International Journal of Engineering and Environmental Sciences, 7(3), 1-11. DOI: https://doi.org/10.5281/zenodo.13739096

Keywords: Global Transmission and Distribution Market; Growth Forecasts; Renewable Energy; Grid Modernization; Energy Market Trends

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