Power Insights today announced the release of its 2025 North American Electric Transmission & Distribution Market Forecast, offering the industry’s most comprehensive, data-driven analysis of grid investments across North America from 2015 through 2029.

The latest forecasts leverage Power Insights’ rigorous quantitative methodology, incorporating insights from more than 200 utilities, 60 holding companies, 30+ transmission developers, renewable owners, and distribution operators across the U.S. and Canada. Together, these reports provide stakeholders with actionable intelligence to navigate a period of rapid growth, policy change, and economic pressure reshaping the electric grid.

The North American transmission market grew 10% from 2023 to 2024, fueled by interconnection needs, asset renewal, new technologies, and inflation-driven cost increases. Meanwhile, distribution capital spending grew 10% from 2023 to 2024, driven by Sunbelt housing growth, resiliency initiatives, and severe weather events.

Key Highlights of the 2025 Forecasts

• Historical and Forecasted Spend (2015–2029): Segment-level analysis across investor-owned utilities, municipal and government-owned utilities, cooperatives, Canadian utilities, transmission developers, and renewable developers
• Policy Impacts: Examination of federal policy and state regulatory shifts shaping renewable integration, grid reliability, and rate structure
• Economic Factors: Insights into tariffs, supply chain dynamics, labor shortages, electricity prices, and inflation, and how these forces constrain or accelerate grid investments
• Utility-Level Analysis: Rankings and expenditures across substations, poles, towers, underground and overhead lines, conductors, transformers, meters, and maintenance
• Resiliency & Electrification: Coverage of wildfire mitigation, storm hardening, and asset replacement programs, alongside the impacts of electrification from EVs, heating, and digital loads
• Project Forecasts: Detailed projections of new and upgraded substations, overhead and underground line projects, and distribution modernization programs by voltage class 

“Load growth is doing what renewables could not seem to do; accelerate the planning and construction of significant electric grid infrastructure in the U.S.” said Jean Rollins, one of the principal authors. “Our 2025 Forecast provides stakeholders with the actionable insights needed to navigate this complex and changing landscape.”

For more information about Power Insights’ 2025 North American Electric Transmission & Distribution Market Forecasts, please contact:

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