In 2021, power cables and wires generated a revenue of 19.4 billion U.S. dollars in Europe, accounting for roughly one-third of electricity transmission and distribution revenue in the region. This figure is forecast to reach 29 billion dollars by 2030. Meanwhile, despite registering one of the lowest revenue, switchgears are expected to record the largest compound annual growth rate (CAGR), at 6.6 percent from 2022 to 2030.
Electricity transmission and distribution market revenue in Europe in 2021, with a forecast for 2030, by product type (in billion U.S. dollars)
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The Brainy Insights. (June 30, 2022). Electricity transmission and distribution market revenue in Europe in 2021, with a forecast for 2030, by product type (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 10, 2024, from https://www.statista.com/statistics/1350658/electricity-transmission-and-distribution-revenue-by-product-europe/
The Brainy Insights. "Electricity transmission and distribution market revenue in Europe in 2021, with a forecast for 2030, by product type (in billion U.S. dollars)." Chart. June 30, 2022. Statista. Accessed June 10, 2024. https://www.statista.com/statistics/1350658/electricity-transmission-and-distribution-revenue-by-product-europe/
The Brainy Insights. (2022). Electricity transmission and distribution market revenue in Europe in 2021, with a forecast for 2030, by product type (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 10, 2024. https://www.statista.com/statistics/1350658/electricity-transmission-and-distribution-revenue-by-product-europe/
The Brainy Insights. "Electricity Transmission and Distribution Market Revenue in Europe in 2021, with a Forecast for 2030, by Product Type (in Billion U.S. Dollars)." Statista, Statista Inc., 30 Jun 2022, https://www.statista.com/statistics/1350658/electricity-transmission-and-distribution-revenue-by-product-europe/
The Brainy Insights, Electricity transmission and distribution market revenue in Europe in 2021, with a forecast for 2030, by product type (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1350658/electricity-transmission-and-distribution-revenue-by-product-europe/ (last visited June 10, 2024)
Electricity transmission and distribution market revenue in Europe in 2021, with a forecast for 2030, by product type (in billion U.S. dollars) [Graph], The Brainy Insights, June 30, 2022. [Online]. Available: https://www.statista.com/statistics/1350658/electricity-transmission-and-distribution-revenue-by-product-europe/