As per MRFR analysis, the US Power TD Equipment Market Size was estimated at 33.72 (USD Billion) in 2023. The US Power TD Equipment Market Industry is expected to grow from 36.5(USD Billion) in 2024 to 82 (USD Billion) by 2035. The US Power TD Equipment Market CAGR (growth rate) is expected to be around 7.636% during the forecast period (2025 - 2035).
Key US Power TD Equipment Market Trends Highlighted
The US Power TD Equipment Market is witnessing several significant market trends driven by the need for modernization and efficiency in power distribution systems. A key market driver includes the increasing demand for reliable and efficient power distribution infrastructure, as cities and rural areas alike seek to upgrade outdated systems to accommodate a growing population and technological advancements. This modernization effort is essential for maintaining consistent and secure energy delivery, especially as renewable energy sources play a more prominent role in the US energy mix. Additionally, the transition towards green energy is creating numerous opportunities to be explored or captured within the market.
The government is promoting initiatives for renewable energy and smart grid technology, providing a conducive environment for investments in cutting-edge equipment. Furthermore, there is a rising focus on reducing emissions and enhancing energy efficiency, spurring innovation in transmission and distribution equipment. Recent times show trends towards automation and digitalization in the sector, with utilities increasingly adopting smart technologies to manage and monitor energy flow more effectively.
This shift not only improves operational efficiency but also enhances the overall resilience of the power grid, especially in the face of climate-related challenges.As the demand for energy continues to rise, integrating advanced technology and renewable sources into the power TD equipment landscape remains crucial for the US market, signifying an ongoing evolution in how energy is generated, distributed, and consumed.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
US Power TD Equipment Market Drivers
Growth in Renewable Energy Integration
The increasing focus on renewable energy sources in the United States is significantly driving the US Power Transmission and Distribution (TD) Equipment Market Industry. According to the U.S. Energy Information Administration, the share of renewable energy consumption in the electricity generation mix has surged over 40% since 2019, primarily due to wind and solar energy advancements. Major players like NextEra Energy and Duke Energy are aggressively investing in smart grid technologies and advanced transmission systems to enhance the management of renewable energy sources, which are anticipated to create a more efficient network.
The push from the Biden administration for a cleaner energy portfolio further supports this growth, aiming for a carbon-free U.S. power sector by 2035. This strategic shift towards renewables implies enhanced demand for transmission infrastructure capable of handling variable energy production, bolstering the US Power TD Equipment Market.
Infrastructure Upgrades and Replacements
The necessity for upgrading and replacing aging electrical infrastructure is a critical market driver in the US Power TD Equipment Market Industry. The American Society of Civil Engineers has estimated that over 70% of the U.S. electrical grid is more than 25 years old, leading to inefficiencies and increased maintenance costs. In response, organizations such as the North American Electric Reliability Corporation have highlighted the importance of modernizing transmission and distribution systems to improve reliability and minimize outages.
As utility companies like Pacific Gas and Electric and Consolidated Edison begin extensive replacement programs, continued investment in new technology will not only address safety concerns but also enhance operational efficiency. This growing emphasis on infrastructure improvement will significantly contribute to market expansion between now and 2035.
Governmental Support and Policy Enhancements
The US government’s proactive policies favoring energy efficiency and modernization of power systems contribute to the growth of the US Power TD Equipment Market Industry. Legislative measures such as the Infrastructure Investment and Jobs Act, passed in 2021, allocated significant funding aimed directly at modernizing the country's electrical systems. According to the U.S. Department of Energy, this act is set to provide approximately USD 65 billion for grid modernization over the next five years.
Such funding indicates that the government is prioritizing energy resilience and security, compelling utility companies to upgrade their systems. The financial backing and focus on reducing carbon footprints pave the way for innovations in energy transmission and distribution technologies, resulting in an accelerated market growth to meet sustainability targets.
US Power TD Equipment Market Segment Insights:
Power TD Equipment Market Application Insights
The Application segment of the US Power TD Equipment Market is integral to understanding the diverse range of end-user demands that fuel the industry's growth. Within this sector, several applications cater to various needs, including Utility, Commercial, Residential, Industrial, and Others, each playing a significant role in overall market dynamics. The Utility sector is a cornerstone of this market as it involves the transmission and distribution of electricity, essential for powering homes, businesses, and infrastructure across the United States. With increasing investments in renewable energy sources and modernization of grid facilities, the Utility segment is undergoing significant advancements that drive efficiency and reliability.
In the Commercial application area, the focus lies on equipment utilized in businesses that require reliable power supply for operations ranging from retail complexes to corporate offices. The growth of e-commerce and the need for continuous power to support digital solutions have led to heightened demand for efficient power systems in this segment. Simultaneously, the Residential sector caters to the needs of homeowners who depend on a stable electricity supply for day-to-day life, thereby influencing consumer preferences towards energy-efficient solutions. The rise of smart homes and IoT devices is steering developments in the power TD equipment towards increasingly sophisticated technologies that promise energy savings and improved reliability.The Industrial application area encompasses a wide range of power needs for manufacturing and production units where power dependency is critical for operational continuity. Automation and digital transformation in industries necessitate robust and advanced power distribution systems, highlighting the importance of this segment.
Additionally, the Others category includes niche applications that require specialized power equipment to satisfy unique operational requirements, thereby contributing to the overall diversity and resilience of the US Power TD Equipment Market. As energy consumption patterns evolve, driven by technological advancements and regulatory changes, the Application segment continues to adapt and respond, identifying opportunities for growth and innovation. The expanding focus on sustainability and renewable energy integration further embodies the ongoing transformation within these different applications, encouraging the development of state-of-the-art power transmission and distribution solutions tailored to specific market needs. The overall segmentation thus showcases a complex yet coherent landscape where each application not only holds its value but collectively propels the US Power TD Equipment Market forward as it anticipates significant advancements in the coming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Power TD Equipment Market Product Type Insights
The US Power TD Equipment Market segmentation by Product Type can be characterized by a diverse array of components essential for electrical power transmission and distribution. Transformers play a vital role in voltage regulation and power quality, acting as the backbone of the electrical grid. Switchgear contributes significantly to ensuring safe and efficient transmission by controlling and protecting electrical equipment from faults. Circuit breakers are crucial for circuit protection, enhancing safety and reliability in power systems. Inductor and capacitors are essential for power factor correction and voltage stabilization, making them significant in maintaining system efficiency.Meters are integral for measuring electrical consumption, promoting accurate billing, and aiding in load management.
Fuses and equipment protect electrical circuits, preventing potential damage. Growing infrastructure investments and the rise in renewable energy projects are propelling market growth, as the need for efficient and reliable power distribution continues to expand nationwide. The shift towards smart grid technology is also influencing demand across these product types, driving innovation and modernization in the sector. As the US focuses on enhancing grid resilience and integrating sustainable energy sources, these components will be increasingly vital, reflecting the evolving dynamics of the US Power TD Equipment Market.
US Power TD Equipment Market Key Players and Competitive Insights:
The US Power TD Equipment Market is characterized by intense competition among various companies aiming to deliver efficient and innovative solutions in transmission and distribution. As electricity demand continues to rise, firms in this sector are increasingly focused on technological advancements, sustainability, and reliability. Market players are striving to differentiate themselves through product innovation, strategic partnerships, and the expansion of their supply chains. Furthermore, regulatory frameworks and environmental standards significantly influence the way companies operate and compete, pushing them towards adopting more eco-friendly solutions. This evolving landscape presents both opportunities and challenges as stakeholders work to meet the growing needs of utilities, industrial users, and renewable energy providers while maintaining profitability and compliance.
In the context of the US Power TD Equipment Market, Prysmian Group stands out due to its strong market presence and commitment to operational excellence. The company benefits from its extensive portfolio of high-quality cable systems and electrical components designed for power transmission and distribution. Prysmian Group has established itself as a leader in innovation, continually investing in research and development to enhance its product offerings and address the demands of the evolving energy landscape. The company's extensive network of facilities and robust supply chain allows it to respond effectively to the needs of its customers, enhancing its competitive advantage. With a focus on sustainability and technological advancement, Prysmian Group continues to strengthen its position in the US market, ensuring its offerings align with the future of power distribution.ABB holds a significant position in the US Power TD Equipment Market, recognized for its diverse product range, including transformers, switchgear, and automation solutions that ensure reliable energy distribution.
The company's commitment to innovation is evident through its continuous enhancements in smart grid technologies, facilitating improved energy efficiency and grid resilience. ABB's strong market presence is further reinforced by notable mergers and acquisitions that have expanded its capabilities and market share, allowing it to offer a comprehensive suite of solutions tailored to meet regional energy demands. The company's focus on sustainability and digitalization aligns with the current industry trends, helping utilities harness new technologies while reducing their carbon footprints. ABB's ability to provide end-to-end services, from planning and design to installation and maintenance, strengthens its value proposition in the competitive landscape, ensuring it remains a formidable player in the US Power TD Equipment Market.
Key Companies in the US Power TD Equipment Market Include:
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.
US Power TD Equipment Market Segmentation Insights
Power TD Equipment Market Application Outlook
Power TD Equipment Market Product Type Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 33.72(USD Billion) |
| MARKET SIZE 2024 | 36.5(USD Billion) |
| MARKET SIZE 2035 | 82.0(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 7.636% (2025 - 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 | Prysmian Group, ABB, Eaton, ElectroMechanical Corporation, Rockwell Automation, S and C Electric Company, Dominion Energy, The Carlyle Group, Nexans, Southwire Company, General Electric, Mitsubishi Electric, Honeywell, Siemens, Schneider Electric |
| SEGMENTS COVERED | Application, Product Type |
| KEY MARKET OPPORTUNITIES | Renewable energy integration solutions, Smart grid technology advancements, Aging infrastructure replacement demand, Energy storage systems expansion, Electrification of transportation growth |
| KEY MARKET DYNAMICS | Infrastructure modernization, Renewable energy integration, Regulatory policies influence, Technological advancements, Competitive pricing pressures |
| COUNTRIES COVERED | US |
Frequently Asked Questions (FAQ) :
The US Power TD Equipment Market is expected to be valued at 36.5 billion USD in 2024.
By 2035, the US Power TD Equipment Market is projected to reach a value of 82.0 billion USD.
The expected CAGR for the US Power TD Equipment Market from 2025 to 2035 is 7.636%.
The Utility application segment is expected to dominate the market with a projected value of 23.0 billion USD by 2035.
The Commercial application segment of the US Power TD Equipment Market is valued at 9.0 billion USD in 2024.
Key players in the US Power TD Equipment Market include Prysmian Group, ABB, Eaton, and General Electric.
The projected market value for the Residential application segment is anticipated to reach 17.5 billion USD by 2035.
Challenges may include technological advancements and competition from alternative energy solutions.
The Industrial application segment is projected to grow to a market value of 14.0 billion USD by 2035.
The Others application segment is forecasted to have a market size of 3.0 billion USD in 2024.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
Get in Touch
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
