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Transmission and Distribution (T&D) Equipment Market to Grow by USD 82.9 Billion (2025-2029), Increased Power Generation Demand Boosting Market, AI Impact – Technavio

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NEW YORK, Jan. 31, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global transmission and distribution (T and D) equipment market size is estimated to grow by USD 82.9 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 5.3%  during the forecast period. Increased demand for power generation is driving market growth, with a trend towards growing focus on energy efficiency. However, increase in distribution generation  poses a challenge. Key market players include ABB Ltd., Bharat Heavy Electricals Ltd., Daihen Corp., Eaton Corp., Furukawa Electric Co. Ltd., General Electric Co., Hitachi Ltd., Hubbell Inc., Hyundai Electric and Energy Systems Co. Ltd., Mitsubishi Corp., Nexans SA, Prysmian SpA, S and C Electric Co., Schneider Electric SE, Siemens AG, SPX Technologies Inc., TBEA Co. Ltd., Toshiba Corp., Wilson Power Solutions Ltd., and Wilson Transformer Company Pty Ltd..

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Transmission And Distribution (T And D) Equipment Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 5.3%

Market growth 2025-2029

USD 82.9 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.9

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 54%

Key countries

China, US, India, Japan, South Korea, Germany, UK, Canada, France, and Italy

Key companies profiled

ABB Ltd., Bharat Heavy Electricals Ltd., Daihen Corp., Eaton Corp., Furukawa Electric Co. Ltd., General Electric Co., Hitachi Ltd., Hubbell Inc., Hyundai Electric and Energy Systems Co. Ltd., Mitsubishi Corp., Nexans SA, Prysmian SpA, S and C Electric Co., Schneider Electric SE, Siemens AG, SPX Technologies Inc., TBEA Co. Ltd., Toshiba Corp., Wilson Power Solutions Ltd., and Wilson Transformer Company Pty Ltd.

Market Driver

The Transmission and Distribution (T&D) Equipment Market is witnessing continuous development as the demand for steady electricity supply increases. Key components of this market include switchgear, substations, circuit breakers, conductors, feeder lines, fuses, insulators, switches, transformers, and cables. Renewable energy sources like solar, wind, hydroelectric power, and geothermal energy are driving the market’s growth. Schneider Electric Group is a leader in this sector, providing solutions for energy management and automation. Capital expenditures on infrastructure development, including transmission networks and distribution systems, are on the rise. Smart grids, digitalization, and clean energy are trending, with an emphasis on flexible power cables and transformers. The power sector is integrating cutting-edge processes to meet energy demand, reduce power outages, and improve power efficiency. Fossil fuel energy is being replaced by emission-free energy sources. Urbanization and industrial expansion are boosting the market, with a focus on electric vehicle infrastructure and smart appliances. Skilled technical labor is essential for the installation and maintenance of T&D equipment. Infrastructure spending on interconnected lines, substations, and underground cables is crucial for the development of the electrical network. The direct selling industry and e-commerce are indirect channels for the distribution of electrical appliances. Moments like power generation and energy transmission are critical moments for the T&D Equipment Market. 

The Transmission and Distribution (T&D) equipment market plays a crucial role in minimizing energy losses throughout the power grid. These losses, commonly referred to as T&D losses, occur due to thermal effects caused by electrical resistivity and conductivity of transmission materials. In countries with outdated electrical infrastructure, these losses can be significant. To mitigate these losses, power is stepped up for long-distance transmission and then stepped down to usable voltage for commercial and residential end-users. Energy efficiency is enhanced by minimizing these losses, ensuring a more efficient energy chain from production to consumption. 

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Market Challenges

The Transmission and Distribution (T&D) Equipment Market faces challenges in ensuring a steady electricity supply for the growing energy demand. Key components like switchgear, substations, circuit breakers, conductors, and insulators play crucial roles in the electrical network. However, power outages due to aging infrastructure and increasing energy demand pose significant challenges. Capital expenditures for upgrading transmission networks, distribution systems, and integrating renewable energy sources are essential. Companies like Schneider Electric Group are leading the way with continuous development of smart grids, flexible power cables, and transformers. The power sector must adapt to digitalization, renewable energy sources, and e-commerce trends. Urbanization and industrial expansion require infrastructure spending on interconnected lines, underground cables, and electric vehicle infrastructure. Skilled technical labor is essential to maintain and upgrade the electrical network. The market must address these challenges to meet the demands of residential, commercial, and industrial consumers for clean, efficient, and reliable energy.The Transmission and Distribution (T&D) Equipment Market is experiencing significant growth due to the increasing adoption of distributed generation (DG) technologies. DG refers to small-scale electricity generation at the point of consumption, primarily through solar PV systems and renewables. This trend is gaining traction in developed countries like the US and Europe, where institutions, businesses, and households are investing in decentralized power systems. The shift towards DG is driven by the decreasing cost of energy systems and government support, enabling end-users to become prosumers – entities that produce and consume power. This transformation is integral to the power system in developed nations, as DG becomes an increasingly important part of the energy production and consumption landscape.

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Segment Overview 

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

TypePower CablesSwitchgearsTransformersInstallation SitesOverheadUndergroundGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

1.1 Power cables-  The power cables segment holds the largest market share in the global Transmission and Distribution (T and D) equipment market due to numerous grid expansion and interconnection projects, increasing urban population, and the growing importance of electricity as a necessity. Renewable energy sector’s significant expansion, driven by countries’ carbon emission reduction targets and the shift away from fossil fuels, is a major growth factor. Offshore wind power, which generates more power with the same number of turbines than onshore wind plants, is gaining popularity. In 2023, approximately 11 GW of new offshore wind capacity was installed, bringing the total global capacity to around 75 GW, marking a 24% increase from the previous year. China is a leading player in this sector, with over 400 GW of new offshore wind capacity anticipated to be added in the next decade, primarily in emerging markets like APAC and Latin America. The expansion of offshore wind projects will increase the demand for power cables during the forecast period.

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Research Analysis

The Transmission and Distribution (T&D) Equipment Market encompasses a range of technologies and solutions essential for the reliable and efficient delivery of electricity from power plants to end-users. This market includes equipment for power system planning, protection, and analysis, as well as grid modernization, demand response management, and distributed generation. Power electronics, smart grid technology, and sustainable energy solutions are key components, along with electricity infrastructure investment and renewable energy integration. High-voltage engineering, power system automation, and electrical safety regulations are also critical areas of focus. Energy efficiency programs, electricity market operations, transmission line construction, and energy storage solutions are other important aspects of the market. The T&D Equipment Market is driven by the energy transition, renewable energy sources, and the development of microgrids and smart offices. Additionally, the market includes electrical safety, electrical distribution equipment, power grid infrastructure, energy management systems, renewable energy investment, solar energy, and energy consulting services.

Market Research Overview

The Transmission and Distribution (T&D) Equipment Market plays a crucial role in the transportation of electrical energy from power generation sources to end-users. This market encompasses various components such as switchgear, substations, circuit breakers, conductors, feeder lines, fuses, insulators, switches, transformers, cables, and smart appliances. T&D equipment is essential for maintaining a steady electricity supply in the electrical network, minimizing power outages, and enhancing power efficiency. Capital expenditures on infrastructure development and the integration of renewable energy sources like solar, wind, hydroelectric power, and geothermal energy are driving the continuous development of the T&D Equipment Market. The market caters to various sectors, including electric utilities, residential, industrial expansion, and urbanization. The T&D Equipment Market includes components like transformers, power cables, and smart grids, which facilitate the transmission and distribution of electricity efficiently and reliably. Factors like digitalization, clean energy, and infrastructure spending are shaping the future of the market. The increasing demand for electricity, especially from electric vehicles, and the need for flexible power cables and underground cables are also influencing market trends. The market is witnessing the integration of cutting-edge processes, such as the use of disposable income for capital expenditures on electrical energy and the adoption of e-commerce and the direct selling industry for distributor-managed inventory. The T&D Equipment Market is expected to lead the power sector’s transformation towards emission-free energy, smart grids, and interconnected lines.

Table of Contents:

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

TypePower CablesSwitchgearsTransformersInstallation SitesOverheadUndergroundGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

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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KTGHR leverages AI-powered real-time transaction capabilities to expand its e-commerce infrastructure, reshaping the engine of enterprise growth.

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DALLAS, April 18, 2026 /PRNewswire-PRWeb/ — Against the backdrop of artificial intelligence continuously reshaping the global business landscape, KTGHR officially launched its new B2B AI-powered intelligent solution for enterprises, dedicated to helping them achieve comprehensive upgrades in cost reduction and efficiency improvement, precise customer acquisition, and intelligent operations.

KTGHR Launches New B2B AI Solution, Reshaping the Engine of Enterprise Growth

As an innovative platform focused on the deep integration of AI technology and business scenarios, KTGHR’s newly released system integrates core functions such as intelligent data analysis, AI-automated marketing, customer behavior prediction, and intelligent customer service. This enables enterprises to make rapid decisions in a complex and ever-changing market environment, achieving sustained business growth.

AI-Driven Precise Customer Acquisition, Comprehensively Improving Conversion Efficiency KTGHR uses advanced algorithm models to conduct in-depth analysis of global market data, helping enterprises accurately target potential customer groups. The system can automatically generate high-conversion marketing content and intelligently distribute it through multiple channels, significantly improving customer reach and conversion rates, enabling enterprises to truly achieve “automated customer acquisition.”

Intelligent Operation System, Relieving Pressure on Human Resource Costs With AI-automated processes, KTGHR can intelligently handle order management, customer follow-up, and data statistics, reducing manual intervention and improving overall operational efficiency. Enterprises can complete global business layouts without a large team.

Integrated B2B Ecosystem, Connecting the Global Supply Chain KTGHR is not just an AI tool platform, but a complete B2B ecosystem. By integrating supply chain resources and intelligent matching mechanisms, it achieves efficient connections between supply and demand, helping companies rapidly expand into international markets and build a borderless business network.

Technology Empowering the Future, Driving Enterprise Digital Transformation KTGHR states that it will continue to increase investment in artificial intelligence, promoting the implementation of more innovative functions to help companies seize opportunities in the digital economy era. With the continuous maturation of AI technology, the B2B industry is ushering in unprecedented development opportunities.

The launch of KTGHR is not only a technological upgrade but also a revolution in business models. For companies seeking breakthroughs and growth, this may be a key step towards the next stage of success.

KTGHR leverages advanced AI algorithms and big data analytics capabilities to achieve a leap from “information matching” to “intelligent decision-making.” The platform can automatically match supply and demand, accurately recommending high-potential partners, significantly reducing the time and cost for companies to find customers and supply chain resources.

By intelligently analyzing market trends and user behavior, KTGHR helps businesses anticipate opportunities, making every transaction more efficient and precise.

End-to-End Intelligent Management, Creating a Seamless Business Ecosystem

KTGHR is not just a transaction platform, but a complete AI business ecosystem. Its core functions include:

AI-powered Intelligent Customer Matching and RecommendationReal-time Data Analysis and Business ForecastingAutomated Order and Supply Chain ManagementSeamless Global Market Connection

Whether you are a small or medium-sized enterprise (SME) or a large multinational corporation, you can achieve digital transformation and global expansion through KTGHR.

Cost Reduction and Efficiency Improvement, Unleashing Business Growth Potential In the traditional B2B model, high communication costs, information asymmetry, and low conversion rates have long been problems. KTGHR, through AI-automated processes, significantly reduces human intervention, helping businesses: Reduce operating costs Increase conversion rates Shorten transaction cycles Enhance customer experience Allow businesses to truly focus on core business and strategic growth.

Seize the AI Business Opportunities and Win the Future As artificial intelligence technology matures, the B2B industry is entering a new era of “intelligent-driven” growth. KTGHR stands at the forefront of this transformation, providing businesses with a sustainable competitive advantage. Choosing KTGHR is not just choosing a platform, but choosing a high-speed gateway to the future of business. For more information, please visit the official KTGHR platform and begin your AI-powered business journey.

Media Contact

William, Ktghr.com, 1 +14255550100 99762, service@ktghr.it.com, Ktghr.com

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Link Infinite: Hollyland Pyro Ultra Simplifies Multi-User Monitoring with 4K60 Wireless

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SHENZHEN, China, April 18, 2026 /PRNewswire/ — Hollyland, a global provider of professional wireless audio and video solutions, today announced the launch of Pyro Ultra, the new flagship in its Pyro series, featuring next-gen wireless video transmission technology that enables streamlined setup and uncompromised real-time performance. Engineered for professional creators and high-end production environments, Pyro Ultra balances high-performance transmission with practical on-set usability.

Building on Hollyland’s self-developed TWiFi technology, Pyro Ultra delivers one-to-many transmission, native 4K60 support, and a dedicated ultra-low-latency mode for focus pulling. Fully integrated into the Pyro ecosystem and equipped with DFS-ready operation, it is built to meet the demands of modern digital cinema workflows.

The New Standard for One-to-Many On-Set Transmission

In today’s production landscape, the video village is no longer confined to a single monitor. Directors, assistants, clients, and multiple departments require simultaneous, high-fidelity access to the live image across different positions on set.

While existing systems often force a choice between costly, over-engineered solutions and entry-level gear that struggles in demanding environments, Pyro Ultra offers a third approach. As one-to-many transmission becomes increasingly common across productions, it can introduce practical limits on device count and system stability in larger setups. Pyro Ultra’s Broadcast Mode addresses the issue by enabling a single transmitter to connect with an unlimited number of receivers, creating a fluid workflow. Every department, from lighting to hair and makeup, can monitor independently, which helps eliminate bottlenecks and accelerate decision-making.

Cinematic 4K60 Clarity Without Compromise

Image integrity is central to Pyro Ultra. With support for 4K60 transmission, the system delivers the detail and color accuracy required for high-end videography work. It also supports fractional frame rates, including 23.98 and 59.94 fps, commonly used in broadcast and professional pipelines. Its native compatibility enables direct connection to switchers and monitors without external converters, simplifying the signal path and reducing potential points of failure.

20ms Latency for Precise Focus Pulling

For first assistant camera operators and focus pullers, every millisecond counts. Pyro Ultra’s dedicated Focus Mode cuts latency to just 20ms, ensuring the real-time responsiveness needed for razor-sharp adjustments at any distance. The technical edge provides the freedom to navigate tight spaces or complex choreography with absolute confidence.

Powered by TWiFi Technology

At the core of Pyro Ultra is Hollyland’s TWiFi (dual-band wireless) technology. It leverages intelligent frequency management across the 2.4 GHz and 5 GHz bands to enable automatic hopping, ensuring a stable, high-bitrate connection even in congested RF environments. Pyro Ultra’s robust link supports a 1.5 km (4,900 ft) range and is fully DFS-ready, providing professional crews with reliable, globally compliant operation

Engineered for Modern Workflows & Seamless Integration

Pyro Ultra is built for today’s hybrid production workflows. With UVC (USB Video Class) support, it can connect directly to a computer for instant webcam functionality, removing the need for a capture card. Its RTMP support enables direct streaming to web platforms, simplifying remote collaboration. As part of the Pyro ecosystem, Ultra integrates seamlessly with existing Pyro devices. The modular design allows production teams to scale their setups based on project requirements, ensuring consistent performance across different production scenarios.

Pricing and Availability

Launched on April 18, 2026, Hollyland’s Pyro Ultra is now available through local distributors, the official Hollyland online store, and the Hollyland Amazon store.

The 1TX/1RX kit is priced at $1,199, and the 1TX/2RX kit at $1,699. Individual units can also be purchased separately, with transmitters starting at $699 and receivers at $579.

For more information, visit https://www.hollyland.com/product/pyro-ultra

About Hollyland

Hollyland is a leading provider of wireless products, specializing in wireless intercom systems, video transmission systems, monitors, wireless microphones, and live streaming cameras. Since 2013, Hollyland has been serving millions of users around the world in various sectors, including filmmaking, telecasting, video production, live events, exhibitions, theaters, houses of worship, and individual content creators. It has built a sales network covering approximately 150 countries and regions with support from dozens of localized operation offices worldwide. For more information, please visit https://www.hollyland.com/, Hollyland Facebook, and Hollyland Instagram.

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Three Papers Published Consecutively in Nature Energy: JinkoSolar’s Breakthroughs in TOPCon/Perovskite Tandem Technology Receive Authoritative Recognition

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SHANGHAI, April 18, 2026 /PRNewswire/ — JinkoSolar, the global leading PV and ESS supplier, recently published three research papers in succession within a single month in Nature Energy, one of the premier journals in the field of energy research. This series of papers showcases JinkoSolar’s multiple major breakthroughs in TOPCon and perovskite tandem cell technologies.

26.66%! Setting a New Record for Industrial-Scale TOPCon Cell Conversion Efficiency

JinkoSolar, in collaboration with the research team from the Ningbo Institute of Materials Technology and Engineering of the Chinese Academy of Sciences, successfully developed a dual-sided electrical synergy optimization strategy. This approach achieved a certified efficiency of up to 26.66% on M10-sized silicon wafers, setting a new efficiency record for industrial-scale TOPCon cells and significantly narrowing the gap between industrial-scale TOPCon cells and the theoretical efficiency of 29.4%.

Additionally, the research reduced carrier transport losses through a high-resistance boron emitter on the front side and an optimized fine-line grid design, while the back side employs an innovative double-layer tunneling silicon oxide/polysilicon structure on the rear side to effectively suppress performance degradation caused by silver paste puncture. Furthermore, by utilizing localized polysilicon thinning technology, the research achieved outstanding performance metrics, including an open-circuit voltage of 744.6 mV, a fill factor of 85.57%, and a bifaciality of 88.3%. This achievement provides a feasible and comprehensive solution for narrowing the efficiency gap between TOPCon cells and the theoretical limit, significantly enhancing the core competitiveness of TOPCon technology in the future photovoltaic market.

Reference link: Dual-side electrical refinement enables efficient industrial tunnel oxide passivating contact silicon solar cells:
https://www.nature.com/articles/s41560-026-01982-2

Certified Efficiency of 32.73%! Paving the Way for Scalable Compatibility of Perovskite/TOPCon Tandem Cells

JinkoSolar, in collaboration with the research team from Soochow University, has successfully developed a full-size bifacial TOPCon crystalline silicon solar cell with a certified photoconversion efficiency of 26.34%. This research abandons the traditional TOPCon cell design featuring a boron-diffused emitter on the front surface. Instead, it innovatively introduces patterned n-type TOPCon finger contacts on the front surface while retaining the full-area p-type TOPCon contact on the back. By localizing the polycrystalline silicon contact area, this structure significantly reduces parasitic absorption and recombination losses on the front surface, achieving a certified efficiency of 26.34% and significantly improving the open-circuit voltage.

Furthermore, to address the issues of poor contact performance and susceptibility to metal paste corrosion in P-type TOPCon, a “polysilicon/silicon dioxide/polysilicon” double-layer composite structure was designed. Combined with optimized rear-side polishing and a specially formulated silver paste, this structure not only achieves extremely low contact resistance and recombination current but, more importantly, the ultra-thin oxide layer in the middle effectively prevents silver crystal spikes from penetrating the silicon substrate, significantly enhancing the device’s reliability and high-temperature resistance. In the future, by improving the precision of laser patterning to further narrow the finger width and introducing localized contacts on the back side to reduce the polycrystalline silicon layer thickness, parasitic absorption can be reduced, and mass production efficiency is expected to approach 27%.

Using a high-efficiency bifacial TOPCon cell with a textured front surface as the bottom cell, the research team fabricated a monolithic perovskite/TOPCon tandem cell, achieving a certified efficiency of 32.73% and a high open-circuit voltage of 1.961 V. These results not only set a new performance record for this class of tandem cells but also demonstrated excellent long-term operational stability (maintaining 80% of the initial efficiency after 2,000 hours), proving the immense potential of this TOPCon technology route in tandem applications. They also provide a scalable and industrially compatible technical pathway for the development of higher-efficiency TOPCon and perovskite/TOPCon tandem photovoltaic modules.

Reference link: Bifacial tunnel oxide passivating contacts for silicon and perovskitesilicon tandem solar cells with improved efficiency: 
https://www.nature.com/articles/s41560-026-02007-8

32.76%! Breaking Through the Efficiency Barrier for Industrial TOPCon Silicon-Based Perovskite Tandem Cells

To address the critical challenge of rapid perovskite crystallization and film quality degradation caused by the high thermal conductivity of industrial thin silicon substrates, JinkoSolar, in collaboration with the National University of Singapore and other research institutions, innovatively proposed a strategy to regulate the major organic cation (FA⁺) using a dual-mode-coupled ligand (MBT), successfully achieving effective control over crystallization kinetics. A perovskite/TOPCon tandem solar cell fabricated using this strategy was certified by the National Photovoltaic Industry Metrology and Testing Center (NPVM) with a conversion efficiency of 32.76%, approaching the current efficiency record for tandem photovoltaic cells. Additionally, the cell maintained 91% of its initial efficiency after 1,700 hours of continuous operation, demonstrating excellent long-term operational reliability.

This research is of significant importance as it achieves high efficiency (certified at 32.76%) in TOPCon silicon-back-contact cells, which hold the greatest potential for market dominance. Not only does it elevate the efficiency of perovskite/TOPCon tandem cells to new heights, but more importantly, it provides critical scientific insights and a practical pathway for integrating high-performance perovskite materials from the laboratory with market-dominant TOPCon silicon technology, marking a solid step toward the mainstream industrialization of perovskite/ crystalline silicon tandem technology toward mainstream industrialization. In the future, this strategy is expected to be combined with solution-based production processes — which offer the potential for large-scale fabrication and low costs — to drive the industrial application of these research findings.

Reference link: Additive-assisted perovskite crystallization on industrial TOPCon silicon for tandem solar cells with improved efficiency: 
https://www.nature.com/articles/s41560-026-02010-z

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