United States Electric Power Transmission, Control, and Distribution Market was valued at USD 180 Billion in 2022 and is projected to reach USD 240 Billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030.
The U.S. electric power transmission, control, and distribution market is undergoing significant transformations to meet the escalating demand for reliable and sustainable energy. As of 2022, the market was valued at approximately $82.96 billion, with projections indicating a compound annual growth rate (CAGR) of 2.95% in the coming years. This growth is driven by various factors, including the integration of renewable energy sources and the modernization of the national grid.
One notable development is the substantial investment in transmission infrastructure. In February 2025, American Electric Power (AEP) and its affiliate Transource Energy LLC announced a $1.7 billion investment to enhance the transmission system's reliability across multiple states. This initiative aims to address anticipated reliability concerns and support the increasing power demand.
Federal initiatives have also played a crucial role in shaping the market. The Infrastructure Investment and Jobs Act allocated $11 billion to adjust the electrical grid for renewable energy integration. As part of this effort, the Department of Energy announced the first $3.46 billion in grants for 58 projects across 44 states, focusing on improving grid resilience and building smart grids. These projects are expected to enable 35 gigawatts of renewable energy to come online by 2030.
However, challenges persist. The surge in energy-intensive industries, such as data centers, has significantly increased electricity demand. For instance, the power consumption of data centers is projected to double from 176 TWh in 2023 to between 325-580 TWh by 2028. This rapid growth has strained the existing grid infrastructure, leading to concerns about reliability and the need for substantial upgrades.
To address these challenges, innovative solutions like virtual power plants (VPPs) are being explored. In Texas, homeowners with rooftop solar systems and battery storage contribute to a network that sells electricity across the state, enhancing grid stability. Such initiatives demonstrate the potential of decentralized energy resources in supporting the broader grid.
In my experience, the integration of advanced technologies, such as 100 Gigabit Fiber Optic Transceivers, has been pivotal in enhancing communication within the grid. These technologies facilitate real-time monitoring and control, ensuring efficient power distribution and rapid response to any anomalies.
In conclusion, the U.S. electric power transmission, control, and distribution market is at a critical juncture. While significant investments and technological advancements are paving the way for a more resilient and sustainable grid, continuous efforts are required to address the evolving challenges and ensure reliable power delivery to all consumers.
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Duke Energy
Engie
National Grid
NextEra Energy
Elctricit de France
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Electric Power Transmission, Control, and Distribution Market
High Voltage Transmission Lines
Substations
Transformers
Switchgear
SCADA Systems
Energy Management Systems (EMS)
Distribution Management Systems (DMS)
Advanced Distribution Management Systems (ADMS)
Smart Grids
Distributed Energy Resources (DER)
Microgrid Solutions
Automated Metering Infrastructure (AMI)
Battery Storage Systems
Flywheel Energy Storage
Pumped Hydro Storage
Thermal Energy Storage
International & National Standards
Environmental Regulations
Safety Compliance
Grid Connection Codes
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Electric Power Transmission, Control, and Distribution Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Electric Power Transmission, Control, and Distribution Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Electric Power Transmission, Control, and Distribution Market, By Type
6. US Electric Power Transmission, Control, and Distribution Market, By Application
7. US Electric Power Transmission, Control, and Distribution Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Electric Power Transmission, Control, and Distribution Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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