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Rising Utility Investments in Power T&D Infrastructure for Transitioning to the Smart Grid Standard Drives Market Growth


Published: January 2018

REPORT STATISTICS


  • Code: MCP-1680
  • Pages: 527
  • Tables: 112
  • Companies: 215


POWER TRANSMISSION AND DISTRIBUTION EQUIPMENT: A RESEARCH BRIEF

The global market for Power Transmission and Distribution Equipment is projected to exceed US$200 billion by 2024, driven by the ever-present demand for energy; growing trend towards distributed energy generation; and rising investments in smart grids. Other major factors also poised to drive growth in the market include improvements in the design and architecture of transformers; rising prominence of ultra-high-voltage (UHV) transmission systems; development of multi-terminal HVDC transmission systems with HVDC circuit breakers; and popularity of intelligent smart distribution systems. Rising demand for long-distance energy transmission is forecast to fuel demand for high-voltage direct current (HVDC) technology, given its ability to connect power grids from remote places and allow delivery of power without energy losses or outages. With the cost of energy as high as 7.5% of GDP, there is considerable focus shed on energy-efficient production, transmission and distribution of power in order to minimize energy losses and lower the lifecycle costs of power generation equipment. Asia-Pacific represents the largest and the fastest growing market worldwide with a projected CAGR of 5.8% over the analysis period led by factors such as developing economies; rapid industrialization; vigorous infrastructural development; increasing investments in UHVDC; government policy led prioritization of domestic energy infrastructure development; and increased R&D in transformer innovations by manufacturers. 

    Summary of Findings

  • Benefits such as Minimized Power Loss; Lower Costs; and Ability to Transmit Power Between Grids Operating at Different Frequencies, Drive the Popularity of High-Voltage Direct Current (HVDC) Transmission
  • Innovations in Power Transformer Design Offering Greater Reliability, Efficiency, Resilience, and Durability to Spur Spending on Equipment Upgrades
  • Proliferation of Smart Grid Projects Drives Demand for Smart Transformers With Additional Features such as Self-Diagnostic Capabilities and Automatic Voltage Regulation to Handle Variable, Two-Way Flow of Electricity
  • Emergence of Ultra-High Voltage Transmission (UHV) as the New Way for Bulk Transmission of Electrical Power
  • Need for Higher Efficiency, Smarter Controls and New Load Profiles to Benefit Replacement Demand for T&D Equipment

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World

    Market Segmentation & Classification

  • Segments:
    • Transformers, Switchgears, and Others

MAJOR PLAYERS

  • ABB Limited
  • ASTOR TRANSFORMER A.S
  • Bharat Heavy Electricals Limited
  • CG Power and Industrial Solutions Limited
  • DAIHEN Corporation
  • Diamond Power Infrastructure Limited

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable







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