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US Power TD Equipment Market

ID: MRFR/EnP/16726-HCR
100 Pages
Snehal Singh
October 2025

US Power TD Equipment Market Research Report By Application (Utility, Commercial, Residential, Industrial, Others) and By Product Type (Transformer, Switchgear, Circuit Breaker, Inductor & Capacitors, Meters, Fuses & Equipment) - Forecast to 2035

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US Power TD Equipment Market Infographic
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US Power TD Equipment Market Summary

As per MRFR analysis, the US power transmission and distribution equipment market size was estimated at 31.5 USD Billion in 2024. The US power td-equipment market is projected to grow from 33.94 USD Billion in 2025 to 71.5 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 7.74% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The US The US power transmission and distribution equipment market is experiencing a transformative shift. This shift is driven by technological advancements and sustainability initiatives.

  • Technological integration is reshaping the power td-equipment landscape, enhancing operational efficiency and reliability.
  • The sustainability focus is propelling investments in renewable energy solutions, particularly in the largest segment of transmission equipment.
  • Regulatory adaptation is becoming increasingly crucial as stakeholders navigate evolving energy policies and standards.
  • Rising demand for renewable energy and infrastructure modernization initiatives are key drivers fueling market growth.

Market Size & Forecast

2024 Market Size 31.5 (USD Billion)
2035 Market Size 71.5 (USD Billion)
CAGR (2025 - 2035) 7.74%

Major Players

Siemens (DE), Schneider Electric (FR), General Electric (US), Mitsubishi Electric (JP), ABB (CH), Eaton (US), Hitachi (JP), Rockwell Automation (US), Emerson Electric (US)

US Power TD Equipment Market Trends

The power td-equipment market is currently experiencing a dynamic phase characterized by technological advancements and evolving consumer demands. Innovations in equipment design and functionality are reshaping the landscape, as manufacturers strive to enhance efficiency and reliability. The integration of smart technologies is becoming increasingly prevalent, allowing for improved monitoring and control of power distribution systems. This trend not only optimizes performance but also contributes to sustainability efforts, aligning with broader environmental goals. Furthermore, regulatory frameworks are adapting to support the transition towards cleaner energy sources, which may further influence market dynamics. In addition, the competitive landscape is intensifying, with both established players and new entrants vying for market share. Collaboration between industry stakeholders is likely to foster innovation and drive growth. As the power td-equipment market continues to evolve, it appears poised for substantial transformation, driven by technological progress and changing regulatory environments. Stakeholders must remain vigilant to adapt to these shifts and capitalize on emerging opportunities.

Technological Integration

The incorporation of advanced technologies into power transmission and distribution equipment is reshaping operational capabilities. Smart grid solutions and automation are enhancing efficiency, enabling real-time monitoring and management of power systems. This trend is likely to improve reliability and reduce operational costs.

Sustainability Focus

There is a growing emphasis on sustainable practices within the power td-equipment market. Manufacturers are increasingly developing eco-friendly products that align with environmental regulations. This shift not only meets consumer demand for greener solutions but also supports broader climate initiatives.

Regulatory Adaptation

Regulatory frameworks are evolving to accommodate new technologies and sustainability goals. This adaptation may create opportunities for innovation while ensuring compliance with environmental standards. Stakeholders must navigate these changes to remain competitive in the market.

US Power TD Equipment Market Drivers

Growing Focus on Energy Efficiency

The increasing focus on energy efficiency is a pivotal driver for the power transmission and distribution equipment market. As businesses and consumers seek to reduce energy consumption and costs, there is a heightened demand for equipment that enhances energy efficiency in power distribution. The US government has implemented various initiatives to promote energy-efficient technologies, which has led to a surge in the adoption of high-efficiency transformers and other power td-equipment. This trend is expected to continue, with energy efficiency standards becoming more stringent, thereby creating opportunities for manufacturers to innovate and expand their offerings in the power td-equipment market.

Rising Demand for Renewable Energy

The increasing emphasis on renewable energy sources in the US is driving the power transmission and distribution equipment market. As states implement policies to transition to cleaner energy, the demand for equipment that supports solar, wind, and other renewable technologies is surging. In 2025, renewable energy accounted for approximately 20% of the total energy generation in the US, indicating a significant shift. This trend necessitates advanced power transmission and distribution equipment to manage the integration of these energy sources into the existing grid. Consequently, manufacturers are focusing on developing innovative solutions that enhance efficiency and reliability, thereby propelling growth in the power td-equipment market.

Infrastructure Modernization Initiatives

The US government is actively investing in infrastructure modernization, which is a crucial driver for the power td-equipment market. The Biden administration's infrastructure plan allocates $1.2 trillion for various projects, including upgrades to the electrical grid. This investment aims to enhance the resilience and efficiency of power distribution systems. As aging infrastructure is replaced, there is a growing need for advanced power td-equipment that can support smart grid technologies. The modernization efforts are expected to create a robust demand for transformers, switchgear, and other essential components, thereby stimulating market growth.

Technological Advancements in Smart Grids

Technological advancements in smart grid systems are significantly influencing the power td-equipment market. The integration of digital technologies into power distribution networks enhances operational efficiency and reliability. Smart grids enable real-time monitoring and management of electricity flow, which is essential for accommodating the growing demand for energy. In 2025, it is estimated that smart grid investments in the US will exceed $100 billion, reflecting the industry's commitment to modernization. This shift towards intelligent systems is driving the need for advanced power td-equipment, such as smart meters and automated distribution systems, thereby fostering market growth.

Increased Electrification of Transportation

The electrification of transportation is emerging as a significant driver for the power transmission and distribution equipment market. With the US aiming for 50% of new vehicle sales to be electric by 2030, the demand for charging infrastructure is expected to rise dramatically. This shift necessitates the development of robust power distribution systems to support the increased load on the grid. As electric vehicles (EVs) become more prevalent, utilities are investing in upgrading their power td-equipment to accommodate the anticipated surge in electricity demand. This trend not only supports the growth of the power td-equipment market but also aligns with broader sustainability goals.

Market Segment Insights

By Type: Transformer (Largest) vs. Switchgear (Fastest-Growing)

The market share distribution among the type segment values reveals that transformers hold the largest share due to their critical role in electrical transmission and distribution systems. Switchgear, while traditionally smaller in market share, has been gaining traction and is recognized for its importance in controlling and protecting electrical circuits. Other components, such as circuit breakers and capacitors, also play essential roles but do not dominate the market like transformers. Looking ahead, the growth trends in the type segment are influenced by the increasing demand for reliable power systems, upgrades of existing infrastructure, and the rise of renewable energy sources that require advanced switching and control solutions. The growing emphasis on smart grids and automation is further driving investments in switchgear technology, positioning it as the fastest-growing segment while traditional components like transformers maintain their stronghold.

Transformer (Dominant) vs. Switchgear (Emerging)

Transformers serve as the backbone of electrical distribution, effectively stepping up or stepping down voltages to ensure efficient power transfer. Their dominance in the market is attributed to their widespread usage in substations and industrial applications. On the other hand, switchgear is emerging as a crucial component due to the expansion of smart grid initiatives and a growing focus on safety and reliability. As utilities and industries prioritize modernizing their power infrastructure, switchgear is positioned to experience significant growth, facilitated by advancements in technology that improve its performance and adaptability.

By Application: Utility (Largest) vs. Commercial (Fastest-Growing)

In the US power td-equipment market, the utility segment holds the largest market share, driven by substantial investments in infrastructure and the demand for reliable energy generation. Commercial applications follow, as businesses increasingly seek efficient power solutions to optimize operations and energy usage. The residential segment, while still significant, lags behind, feeling the impact of increasing energy efficiency standards and technological advancements, which are reshaping consumer preferences.

Utility (Dominant) vs. Commercial (Emerging)

The utility segment stands as the dominant force in the market, catering to energy providers who prioritize reliability and efficiency in their operations. This segment benefits from government incentives aimed at enhancing energy infrastructure and is characterized by large-scale installations and long-term contracts. On the other hand, the commercial segment is emerging rapidly, fueled by the growing need for businesses to adapt to sustainability practices. This has led to increased investments in smart power td-equipment, enhancing productivity and reducing operational costs. The competition is intensifying as new technologies are introduced, driving innovation and efficiency in power distribution systems.

Get more detailed insights about US Power TD Equipment Market

Key Players and Competitive Insights

The power td-equipment market is characterized by a dynamic competitive landscape, driven by technological advancements and increasing demand for efficient energy solutions. Major players such as Siemens (DE), Schneider Electric (FR), and General Electric (US) are at the forefront, each adopting distinct strategies to enhance their market positioning. Siemens (DE) emphasizes innovation through its digitalization initiatives, focusing on smart grid technologies and automation solutions. Schneider Electric (FR) is heavily invested in sustainability, aiming to lead in energy management and automation, while General Electric (US) is concentrating on expanding its renewable energy portfolio, particularly in wind and solar sectors. Collectively, these strategies not only enhance their competitive edge but also contribute to a rapidly evolving market environment.

Key business tactics within this market include localizing manufacturing and optimizing supply chains to enhance operational efficiency. The competitive structure appears moderately fragmented, with several key players exerting substantial influence. This fragmentation allows for a variety of innovative solutions to emerge, as companies strive to differentiate themselves through unique offerings and customer-centric approaches.

In October 2025, Siemens (DE) announced a strategic partnership with a leading tech firm to develop advanced AI-driven solutions for energy management. This collaboration is poised to enhance Siemens' capabilities in predictive maintenance and operational efficiency, aligning with the growing trend towards digital transformation in the energy sector. The strategic importance of this partnership lies in its potential to position Siemens as a leader in smart energy solutions, catering to the increasing demand for intelligent infrastructure.

In September 2025, Schneider Electric (FR) launched a new line of eco-friendly power distribution equipment, aimed at reducing carbon footprints for industrial applications. This initiative underscores Schneider's commitment to sustainability and reflects a broader industry trend towards environmentally responsible practices. By prioritizing green technologies, Schneider Electric not only meets regulatory demands but also appeals to a growing segment of environmentally conscious consumers.

In August 2025, General Electric (US) completed the acquisition of a renewable energy startup specializing in battery storage solutions. This acquisition is strategically significant as it enhances GE's capabilities in energy storage, a critical component for integrating renewable sources into the grid. The move indicates GE's commitment to expanding its renewable energy footprint and addressing the challenges of energy reliability and efficiency.

As of November 2025, current trends in the power td-equipment market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are increasingly shaping the competitive landscape, enabling companies to leverage complementary strengths and accelerate innovation. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition towards a focus on technological innovation, reliability in supply chains, and sustainable practices. This shift suggests that companies that prioritize these aspects will be better positioned to thrive in an increasingly complex market.

Key Companies in the US Power TD Equipment Market market include

Industry Developments

The US Power Transmission and Distribution Equipment Market has experienced notable developments in recent months, driven by technological advances and strategic corporate actions. Companies such as Prysmian Group, ABB, and Eaton are leading in innovations in cable manufacturing and smart grid technologies, enhancing operational efficiencies and reliability. ElectroMechanical Corporation and Rockwell Automation have also made strides with their automation solutions, reflecting a shift towards increased integration of digital technology in power systems. 

In terms of mergers and acquisitions, Dominion Energy announced its acquisition of certain assets in August 2023, aiming to bolster its energy infrastructure. Additionally, Schneider Electric disclosed its acquisition of a smaller firm in July 2023 to enhance its offerings in energy management solutions. The market valuation for these firms has grown significantly, with projections indicating an increase driven by renewable energy initiatives and regulatory support for modernizing grid infrastructure.

Over the past two to three years, initiatives such as the Infrastructure Investment and Jobs Act passed in November 2021 have provided a financial boost, paving the way for upgrades and expansion in the Power TD Equipment Market across the United States.

Future Outlook

US Power TD Equipment Market Future Outlook

The Power TD Equipment Market is projected to grow at a 7.74% CAGR from 2024 to 2035, driven by technological advancements, increasing energy demands, and infrastructure investments.

New opportunities lie in:

  • Development of smart grid technologies for enhanced efficiency.
  • Expansion into renewable energy integration solutions.
  • Investment in predictive maintenance services to reduce downtime.

By 2035, the market is expected to achieve robust growth, positioning itself as a leader in energy solutions.

Market Segmentation

US Power TD Equipment Market Type Outlook

  • Transformer
  • Switchgear
  • Circuit Breaker
  • Inductor & Capacitors
  • Meters
  • Fuses & Equipment

US Power TD Equipment Market Application Outlook

  • Utility
  • Commercial
  • Residential
  • Industrial
  • Others

Report Scope

MARKET SIZE 2024 31.5(USD Billion)
MARKET SIZE 2025 33.94(USD Billion)
MARKET SIZE 2035 71.5(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 7.74% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Billion
Key Companies Profiled Siemens (DE), Schneider Electric (FR), General Electric (US), Mitsubishi Electric (JP), ABB (CH), Eaton (US), Hitachi (JP), Rockwell Automation (US), Emerson Electric (US)
Segments Covered Type, Application
Key Market Opportunities Integration of smart grid technologies enhances efficiency in the power td-equipment market.
Key Market Dynamics Technological advancements drive efficiency in power td-equipment, reshaping competitive dynamics and regulatory compliance.
Countries Covered US

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FAQs

What is the expected market size of the US Power TD Equipment Market in 2024?

The US Power TD Equipment Market is expected to be valued at 36.5 billion USD in 2024.

What market value is projected for the US Power TD Equipment Market by 2035?

By 2035, the US Power TD Equipment Market is projected to reach a value of 82.0 billion USD.

What is the expected CAGR for the US Power TD Equipment Market from 2025 to 2035?

The expected CAGR for the US Power TD Equipment Market from 2025 to 2035 is 7.636%.

Which application segment is expected to dominate the market by 2035?

The Utility application segment is expected to dominate the market with a projected value of 23.0 billion USD by 2035.

What is the market size for the Commercial application segment in 2024?

The Commercial application segment of the US Power TD Equipment Market is valued at 9.0 billion USD in 2024.

Who are the key players in the US Power TD Equipment Market?

Key players in the US Power TD Equipment Market include Prysmian Group, ABB, Eaton, and General Electric.

What is the projected market value for the Residential application by 2035?

The projected market value for the Residential application segment is anticipated to reach 17.5 billion USD by 2035.

What challenges could the US Power TD Equipment Market face in the coming years?

Challenges may include technological advancements and competition from alternative energy solutions.

How is the Industrial application segment projected to perform by 2035?

The Industrial application segment is projected to grow to a market value of 14.0 billion USD by 2035.

What market size is forecasted for the Others application segment in 2024?

The Others application segment is forecasted to have a market size of 3.0 billion USD in 2024.

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