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Transmission and Distribution (T&D) Equipment Market to grow by USD 17 Billion from 2024-2028, driven by infrastructure investment, with AI impacting market trends – Technavio

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NEW YORK, Oct. 18, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The Global Transmission and Distribution (T and D) Equipment Market  size is estimated to grow by USD 17 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 5.24%  during the forecast period. Increasing investment in transmission and distribution (T and D) infrastructure is driving market growth, with a trend towards data will play an ever-increasing role in energy sector. However, cybersecurity risks in transmission and distribution (T and D) equipment  poses a challenge – Key market players include Belden Inc., Dubai Cable Company Pvt. Ltd., Eaton Corp. Plc, Furukawa Electric Co. Ltd., General Electric Co., Hitachi Ltd., Hyundai Motor Co., LS Corp., Mitsubishi Electric Corp., Nexans SA, NKT AS, Prysmian Spa, S and C Electric Co., Schneider Electric SE, Siemens AG, Southwire Co. LLC, Sumitomo Electric Industries Ltd., Tele Fonika Kable SA, Toshiba Corp., and Vertiv Holdings Co..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Distribution and Transmission), Product (Power cables, Transformers, and Switchgear), and Geography (Europe)

Region Covered

Europe

Key companies profiled

Belden Inc., Dubai Cable Company Pvt. Ltd., Eaton Corp. Plc, Furukawa Electric Co. Ltd., General Electric Co., Hitachi Ltd., Hyundai Motor Co., LS Corp., Mitsubishi Electric Corp., Nexans SA, NKT AS, Prysmian Spa, S and C Electric Co., Schneider Electric SE, Siemens AG, Southwire Co. LLC, Sumitomo Electric Industries Ltd., Tele Fonika Kable SA, Toshiba Corp., and Vertiv Holdings Co.

Key Market Trends Fueling Growth

The Transmission and Distribution (T and D) energy sector is witnessing a data revolution, with data playing an increasingly important role in optimizing grid performance, improving energy efficiency, and enhancing reliability and resilience. Smart grids, which utilize advanced sensors and communication technologies to collect and analyze real-time data, are a key application of this trend. This data enables utilities to better understand grid operations, identify areas for improvement, and reduce energy losses. Additionally, data is being used to optimize energy usage in buildings and facilities through smart technologies. Data analytics and artificial intelligence are essential tools for analyzing the vast amounts of data generated by the T and D sector. These technologies help identify patterns and trends, allowing for future demand prediction and infrastructure planning. The European T and D equipment market is expected to drive growth in this sector due to the region’s focus on smart grids and energy efficiency initiatives. 

The Transmission and Distribution (T&D) equipment market is witnessing significant growth due to the increasing demand for electrical energy from various power generation sources like wind power (offshore and onshore), solar energy, biomass, hydroelectric power, geothermal energy, and electric vehicles (EV). The market includes cable and lines, transformers, switches, transmitters, insulators, capacitors, protective devices, relays, circuit breakers, contractors, converters, and other components. Trends such as smart appliances, smart grids, and renewable sources are driving the need for advanced T&D equipment. High-voltage electricity transmission networks require cable and lines, transformers, and switchgear for efficient power transfer. Indirect sales channels and direct sales channels cater to different customer segments. T&D equipment includes flexible power cables, belts, chains, interconnecting lines, conductors, and meters. Emission-free energy sources like wind, solar, and hydroelectric power require specialized T&D equipment to ensure reliable and efficient power transmission and distribution. 

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Market Challenges

The transmission and distribution (T and D) equipment market in Europe is experiencing significant cybersecurity challenges due to the digitalization and integration of smart grid technologies. Increased connectivity introduces new vulnerabilities, allowing cybercriminals to gain unauthorized access, disrupt operations, or manipulate control systems. Complex supply chains, with third-party vendors, subcontractors, and suppliers, can also introduce cybersecurity risks. The absence of universal cybersecurity standards and regulations specific to T and D equipment further complicates matters. To mitigate these risks, security measures such as encryption, access controls, intrusion detection systems, and regular security assessments are essential. Continuous monitoring, threat intelligence sharing, and regular employee training and awareness programs are also crucial. By addressing these challenges, the T and D equipment market in Europe can enhance its resilience against cyber threats and safeguard the reliability of the power grid. Failure to do so may hinder the growth of the market during the forecast period.The Transmission and Distribution (T&D) equipment market faces several challenges in the current energy landscape. Renewable sources like solar and wind power require specialized T&D solutions, such as smart grids and flexible power cables. Smart appliances and electric vehicles add complexity to the distribution system network, necessitating advanced T&D equipment like switches, transformers, and circuit breakers. High-voltage electricity transmission requires T&D equipment like insulators, capacitors, and protective devices. Indirect and direct sales channels must adapt to the evolving market, offering solutions like meters, converters, and interconnecting lines. Emission-free energy sources demand T&D equipment that prioritizes electrical efficiency, while aging infrastructure and T&D losses necessitate upgrades. Overall, the T&D equipment market must innovate to meet the demands of a modern, sustainable energy system.

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Segment Overview 

This transmission and distribution (t and d) equipment market report extensively covers market segmentation by

Application 1.1 Distribution1.2 TransmissionProduct 2.1 Power cables2.2 Transformers2.3 SwitchgearGeography 3.1 Europe

1.1 Distribution-  The Transmission and Distribution (T&D) Equipment Market refers to the industry that manufactures and supplies equipment used in the transfer and distribution of electrical power from power plants to end-users. Key players in this market include Siemens, ABB, and General Electric. T&D equipment includes transformers, switchgears, circuit breakers, and power cables. Market growth is driven by increasing electricity demand and infrastructure development in emerging economies. Companies focus on innovation and efficiency to meet stringent regulatory requirements and customer demands.

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Research Analysis

The Transmission and Distribution (T&D) equipment market encompasses a range of technologies used in the transport and distribution of electrical energy from power generation sources to end-users. This market includes various components such as cable and lines, transformers, switchgear, circuit breakers, meters, insulators, capacitors, and interconnecting lines. Renewable energy sources like wind power, solar energy, biomass, geothermal energy, hydroelectric power, and others are driving the growth of this market. Electric vehicles (EVs) and smart appliances are also contributing to increased demand for T&D equipment. High-voltage electricity transmission networks and distribution system networks are essential for the efficient and reliable delivery of electrical energy. T&D equipment plays a crucial role in the integration of renewable energy sources into the power grid and ensuring the stability of the electrical power system. Indirect channels like belts and chains are also used in the T&D equipment industry for various applications.

Market Research Overview

The Transmission and Distribution (T&D) equipment market encompasses a range of technologies used in the transfer and distribution of electrical energy from power generation sources to end-users. This includes components such as cables and lines, transformers, switches, transmitters, insulators, capacitors, protective devices, relays, circuit breakers, converters, circuits, wires, fuses, and smart grids. The market is driven by the increasing demand for electrical energy from various sources, including offshore wind power, solar energy, wind energy, biomass, geothermal energy, hydroelectric power, and renewable sources. The integration of electric vehicles (EV) and smart appliances into the power grid also contributes to the growth of the T&D equipment market. The aging infrastructure and the need for electrical efficiency and energy demand management are key challenges driving the market for advanced T&D equipment, such as high-voltage electricity transmission systems, smart grids, and flexible power cables. T&D losses and emission-free energy are also important considerations in the market for T&D equipment. Indirect and direct sales channels are used to distribute T&D equipment, with contractors and interconnecting lines and conductors playing crucial roles in the supply chain.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationDistributionTransmissionProductPower CablesTransformersSwitchgearGeographyEurope

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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PURE POWER FOR ALL–VAPORESSO’s Global Movement to Drive Clean Energy Solutions and Sustainable Living

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SHENZHEN, China, Dec. 24, 2024 /PRNewswire/ — On December 2nd, VAPORESSO proudly launched its PURE POWER FOR ALL global ECO-Empowerment initiative—a powerful testament to its commitment to advancing clean energy solutions and promoting sustainable lifestyles worldwide. Anchored by the revolutionary ECO NANO SOLAR and the forward-thinking PURE POWER ACTION movement, this initiative seamlessly integrates cutting-edge technological innovation with impactful social action. Together, these efforts mark a pivotal step in the global transition toward clean energy and a more sustainable future.

ECO NANO SOLAR—Revolutionizing Sustainable Vaping in the Industry

At the heart of this initiative lies the industry’s first solar-powered open-system vape—ECO NANO SOLAR. Crafted from 70% eco-conscious materials, this innovative device features a modular structure with interchangeable components, extending product life while promoting resource efficiency and long-term sustainability.

This pioneering ECO innovation combines degradable photovoltaic technology with a recyclable modular design. Its solar panel achieves remarkable light-to-electricity efficiency and is over 80% biodegradable, advancing clean energy adoption while significantly reducing environmental impact. With the ECO NANO SOLAR, VAPORESSO sets a new standard for sustainability in the vaping industry, inspiring a broader shift toward eco-conscious practices and paving the way for a greener future in vaping and beyond.

PURE POWER ACTION: Bridging Online Engagement with Real-World Impact

The PURE POWER ACTION movement, as a key part of the PURE POWER FOR ALL initiative, engages participants worldwide through a series of interactive online activities designed to build momentum for clean energy advocacy. From simple actions like clicking to show support to vibrant community discussions on sustainable living, each activity amplifies the reach of this global movement. Together, these efforts inspire eco-friendly habits, encourage the exchange of ideas, and foster collective commitment through initiatives like the Pure Living Proposal. By empowering individuals to take small, meaningful steps, the movement unites participants in creating a ripple effect of change that transcends geographic boundaries, all while boosting the Pure Power Level—a key measure of progress.

As the Pure Power Level reaches new milestones, the initiative transitions from online engagement to tangible offline impact. Clean energy solutions, including solar-powered innovations, are introduced into vape stores worldwide, offering users hands-on opportunities to experience the convenience and benefits of renewable power sources. These offline activities, supported by the collective efforts of participants, not only bring sustainability to the forefront of the vaping industry but also demonstrate how individual contributions can culminate in meaningful, real-world changes. Through this seamless integration of online and offline efforts, VAPORESSO underscores the importance of unified action in driving the global transition toward a brighter tomorrow.

A Greener Tomorrow Begins Today

With PURE POWER FOR ALL, VAPORESSO demonstrates how ECO innovation and forward-thinking movement can lead to meaningful global impact. The groundbreaking ECO NANO SOLAR stands as a powerful benchmark for ECO innovation, inspiring the adoption of cleaner, more responsible practices in the vaping industry. At the same time, the PURE POWER ACTION initiative fosters a ripple effect of positive change, uniting individuals and communities in a shared mission to embrace sustainable living and advance clean energy solutions. Together, through collective effort and shared commitment, VAPORESSO is not only shaping the future of the vaping industry but also contributing to a healthier, more sustainable world.

For more details about the PURE POWER FOR ALL movement and ECO NANO SOLAR, please visit: https://www.vaporesso.com/activity/pure_power_for_all. Together, we create a brighter, cleaner future for all.

About VAPORESSO

VAPORESSO was founded on the belief that each action is an endeavor to achieve excellence. Our unwavering commitment to surpassing the ordinary has propelled us to become the leading vaping brand globally. We embody a vision where our technology and values merge, crafting a better, cleaner, and more enjoyable life for all.

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SWAG, Asia’s Largest Adult Content Platform, Releases 2024 Annual Report

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Revealing the Top 15 Searched Keywords in Asia

TAIPEI, Dec. 24, 2024 /PRNewswire/ — SWAG, Taiwan’s largest adult livestreaming platform, often known as the “Pornhub of Asia,” has released the 2024 SWAG Recap today. The report dives into the world of trending adult content, the year’s top searched keywords, and even the income of creators, sparing no details. According to the data, the top searched keyword on SWAG in 2024 was “Vietnam.” Meanwhile, two Taiwanese creators—former Army Chief Counselor “Neinei” and former Sea Dragon Frogman 177—landed in the 3rd and 6th positions as the most searched keywords thanks to their enormous social media buzz. The hashtag with the most clicks went to “Big Boobs.”

In this year’s top searched keyword ranking, “Vietnam” and Vietnamese creator Rosa (@rosababyvip) dominated the top two spots with overwhelming search volume, highlighting the loyalty of Vietnamese enjoyers of SWAG. Meanwhile, keywords like “Ex-Army Chief Counselor Neinei” and “Sea Dragon Frogman 177” maintained high visibility throughout the year, landing them in 3rd and 6th places, respectively.

Analyzing average daily login time by users from different countries, SWAG users spent 15 minutes and 56 seconds per session on average globally, 49 seconds longer than last year. Taiwan emerged as the undisputed champion with an average daily login time of 16 minutes and 21 seconds, the only country above the platform average. On the flip side, Japanese users clocked in at just 11 minutes and 25 seconds, becoming the quickest to reach post-nut clarity. Notably, Vietnamese users soared from last year’s last place to the 4th longest with their online duration time, surpassing users from Singapore and the U.S.

Among SWAG’s nearly 200 hashtags, “Big Boobs” reclaimed its crown from last year’s champion, “Schoolgirl,” becoming the most searched hashtag of the year. “Schoolgirl” fell to 4th, edged out by “Gangbang.” Surprisingly, the long-beloved tag “Creampie” dropped to its record-low position, only ranking 9th.

SWAG noted that nearly 5,000 new creators joined this year, with 40% hailing from Vietnam, making it the country with the most new creators, followed by Taiwan. Among the talents, luna (@rouav) and Jolly (@jollyntr) were crowned as the most popular creator and best newcomer respectively! After a brief hiatus, Luna made a strong comeback by captivating fans with her “natural melons,” “S-line waist,” “perky booties,” and “flawless legs.” Her popularity skyrocketed by 891 spots, earning her the title of SWAG’s Most Popular Creator 2024. The best newcomer, Jolly, who only joined SWAG less than a year ago, gained immense popularity for her housewife aesthetic and NTR-themed content. Fans of the married lady buzzed over her livestreams and videos, where her husband reportedly has been watching helplessly behind the camera, further fueling her meteoric rise.

In other creator data, SWAG’s “Fan Following Clock” is ticking faster than ever! On average, a creator gains a new follower every 5.7 seconds on the platform. Additionally, 8.8% of new creators earn USD 30,000 in less than four months, with Betty (@bettyqueen) achieving this milestone in just three weeks, making her the fastest-earning newcomer of 2024.

Does SWAG make creators rich? The numbers prove everything. This year,  Shirley (@shirleybebe) posted a story, which was unlocked by over 3,000 users within 48 hours, earning her approximately $1,500 instantly as the post became the most profitable story of 2024. Best Newcomer Jolly also delivered impressive results. After debuting in May, one of her long videos attracted over 2,000 viewers, earning her $17,000 just from that one single upload.

When it comes to SWAG’s most lucrative money-making features, livestreaming and private messaging definitely top the list. For example, when Grape (@stellajs) hosted her birthday livestream this year, she generated USD 37,000 in just three hours. Meanwhile, Nini Baby (@ninibaby), well-known for her private chats, sent 380,000 text messages to users this year, receiving 85,000 replies and countless chat gifts. Her private messaging income alone earned a staggering USD 490,000 in revenue, a 17% increase from last year, securing her throne as SWAG’s Queen of private chat.

《2024 SWAG Recap》: https://swag.live/blog/en/swag_2024_recap/

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Higer New V Series, Leading Bus New Trend

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SUZHOU, China, Dec. 24, 2024 /CNW/ — In November 2024, Higer New V Series buses officially launched in the Philippines, this batch of electric buses was the first batch of new energy buses introduced by the Philippines and put into commercial operation. And it has aroused extensive attentions and heated discussions from the Philippines local government, media and people.

Higer New V Series products were launched globally in March 2024, and then made a stunning debut at the Higer Global Partners Conference. The New V-series products with a new shape and a new platform are committed to creating new classic models with high quality, high safety and high intelligence.

In 3 years, more than 1000 people participated in the process of R&D, a one-time investment of more than 100 million yuan was made in the R&D and manufacturing of key components, equipment, tooling, molds, inspection tools, verification of components and vehicle, achieving comprehensive innovation, realizing a significant improvement in product quality and reliability, maintenance convenience and customer experience. Measuring from 8 to 13 meters in length, they can be powered by fossil fuels, electricity, hydrogen, etc. and are readily adaptable for the tourist transportation market, urban public transportation market, etc. The luggage compartment volume is 21.6% greater than similar products, the seating space is 50mm larger, and the middle aisle is 30mm wider. The overall component universality rate was greatly improved by the platform, modular, and universal design concept, and the number of component types decreased by 58%.

It is worth mentioning that Higer is committed to creating a technological experience, redefining the domain-centralized electronic and electrical architecture, and Higer launched the industry’s first mass-produced intelligent cabin. It will help the driver concentrate on driving. The new model provides a mobile phone control interface, drivers and tour guides can control lighting, multimedia, air conditioning, etc. through app. In addition, the intelligent cabin can be customized according to the operational needs of the transport company, realizing intelligent dispatching, intelligent charging, intelligent maintenance, AI interaction, and human-computer interaction.

So far, Higer new V series coaches have already received orders from more than 20 countries like Italy, Qatar, UAE, Saudi Arabia, Algeria and etc., showing a fast rising popularity in the international market.

Higer new V series are committed to providing customers with new “classic models” with better quality, higher efficiency, achieving sustainable development and exploring more possibilities.

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