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Electric Power Infrastructure Market Forecast: What Value Will The Market Reach By 2030?
The electric power infrastructure market has seen substantial growth recently. It will grow from $284.32 billion in 2025 to $303.71 billion in 2026 at a compound annual growth rate (CAGR) of 6.8%. Historically, this expansion has been driven by the increase in electricity generation capacity, the growing power demand from urban and industrial sectors, the modernization of aging grid infrastructure, significant investments in high-voltage transmission systems, and the broadening of utility-scale power networks.
The electric power infrastructure market is projected to experience significant expansion in the upcoming years. Its size is expected to reach $390.76 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 6.5%. This growth throughout the forecast period stems from factors such as the increasing electrification of transport and industry, rising investments in grid digitalization, the expansion of projects for renewable grid integration, growing adoption of grid-level energy storage, and an intensified focus on resilient power infrastructure. Prominent trends anticipated during this period include the broadening of smart grid infrastructure, an increase in the deployment of advanced transmission and distribution systems, greater integration of renewable energy assets, enhanced adoption of grid automation technologies, and a strengthened emphasis on power reliability and security.
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Electric Power Infrastructure Market Growth Catalysts And Demand Drivers
The future expansion of the electric power infrastructure market is expected to be propelled by the rising electricity demand. Electricity, an energy form derived from the movement of charged particles, is utilized to power devices, machines, and various systems. As more industries and households integrate energy-intensive technologies, electricity consumption is increasing, thereby placing greater strain on existing power infrastructure and underscoring the necessity for its modernization and expansion. Electric power infrastructure supports electricity by enabling its efficient generation, transmission, and distribution from power plants to homes and businesses, ensuring reliable and continuous energy access. For instance, the Department for Energy Security and Net Zero, a UK-based government organization, reported that electricity demand was broadly stable in 2024 at 319.0 TWh, representing a 0.5 percent increase compared to 2023. Average temperatures were similar between 2023 and 2024. Therefore, the growing electricity demand is a primary driver for the electric power infrastructure market.
Electric Power Infrastructure Market Segment Analysis And Revenue Potential
The electric power infrastructure market covered in this report is segmented –
1) By Type: Generation Infrastructure, Transmission Infrastructure, Distribution Infrastructure, Renewable Energy Infrastructure, Non-Renewable Energy Infrastructure
2) By Voltage Level: Low Voltage (LV), Medium Voltage (MV), High Voltage (HV), Extra High Voltage (HV)
3) By Application: Residential, Commercial, Industrial, Utility, Transportation, Other Applications
Subsegments:
1) By Generation Infrastructure: Thermal Power Plants, Hydroelectric Power Plants, Nuclear Power Plants, Gas Turbine Power Plants, Combined Cycle Power Plants, Diesel And Gas Engines, Cogeneration Plants
2) By Transmission Infrastructure: High Voltage Transmission Lines (HVAC), Ultra High Voltage Transmission Lines (UHV), Substations, Transmission Towers And Poles, Transformers, Circuit Breakers And Switchgear, Capacitor Banks And Reactors
3) By Distribution Infrastructure: Distribution Substations, Distribution Lines, Distribution Transformers, Distribution Automation Systems, Smart Meters, Distribution Switchgear, Pole-Mounted Equipment
4) By Renewable Energy Infrastructure: Solar Power Plants, Wind Farms, Biomass Power Plants, Geothermal Power Plants, Small Hydro Power Plants, Energy Storage Systems, Renewable Energy Integration Equipment
5) By Non-Renewable Energy Infrastructure: Coal Power Plants, Oil-Fired Power Plants, Natural Gas Power Plants, Nuclear Power Plants, Fuel Supply Infrastructure, Emission Control Systems, Waste Heat Recovery Systems
Electric Power Infrastructure Market Trends Shaping Long-Term Demand
Major companies operating in the electric power infrastructure market are concentrating on developing advanced solutions, such as autonomous grid management systems, aimed at boosting grid flexibility and accelerating digital transformation in utilities. These autonomous grid management systems utilize sophisticated software and real-time data integration to optimize the performance, monitoring, and control of electricity grids with minimal human intervention. For instance, in February 2024, Siemens AG, a Germany-based automation company, introduced Gridscale X. This offering provides modular software that can quickly scale grid capacity and manage complex distributed energy resources. The platform ensures enhanced visibility and centralized network model management, contributing to more efficient planning and operations. Designed with cybersecurity, interoperability, and flexibility, Gridscale X integrates seamlessly into existing IT and OT systems to support grid modernization initiatives.
Electric Power Infrastructure Market Industry Leaders And Competitive Landscape
Major companies operating in the electric power infrastructure market are Hitachi Ltd., Siemens Energy, Quanta Services, The AES Corporation, Mastec Inc., Nexans S.A, Tata Power Company Limited, Power Grid Corporation of India Ltd., Elecnor Group, MYR Group Inc., Hyosung Heavy Industries Corporation, NextEra Energy Partners LP, Adani Green Energy Ltd., Ormat Technologies, Sterlite Power, KEPCO E&C, LS Power, AMP Energy, Vena Energy, ENGIE UK
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Electric Power Infrastructure Market Regional Analysis And Leading Geography
Asia-Pacific was the largest region in the electric power infrastructure market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the electric power infrastructure market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
