How big is the Power Equipment Market?

The Power Equipment Market size is expected to reach USD 31.62 billion in 2024 and grow at a CAGR of 4.87% to reach USD 40.10 billion by 2029. Read More

What is the current Power Equipment Market size?

In 2024, the Power Equipment Market size is expected to reach USD 31.62 billion. Read More

Who are the key players in Power Equipment Market?

General Electric Company, Schneider SE, ABB Ltd, Eaton Corporation and Siemens AG are the major companies operating in the Power Equipment Market. Read More

Which is the fastest growing region in Power Equipment Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Power Equipment Market?

In 2024, the North America accounts for the largest market share in Power Equipment Market. Read More

What years does this Power Equipment Market cover, and what was the market size in 2023?

In 2023, the Power Equipment Market size was estimated at USD 30.15 billion. The report covers the Power Equipment Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Power Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Power Equipment Market Size & Share Analysis - Industry Research Report

Power Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Power Equipment Market is Segmented by Equipment Type (Generator, Transformer, Switchgear, Circuit Breakers, Power Cable, and Others), Power Generation Source (Fossil Fuels, Solar, Wind, Nuclear, and Hydro), End User (Residential, Industrial, Commercial, and Utility), Application (Power Generation and Transmission and Distribution), and Geography (North America, Asia-Pacific, Europe, South America, the Middle East, and Africa). The report offers market size and forecasts for the power equipment market in revenue (USD ) for all the above segments.

Power Equipment Industry Overview

The global power equipment market is semi-consolidted. Some of the key players in this market (in no particular order) are General Electric Company, Schneider SE, ABB Ltd., Eaton Corporation, and Siemens AG, among others.