Opportunities in the World Power Transmission and Distribution Equipment Sector: A $200 Billion Market
Dublin, Sept. 08, 2020 (GLOBE NEWSWIRE) -- The "Power Transmission and Distribution Equipment - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
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.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
Electric Power Transmission and Distribution (T&D) Equipment: A Prelude
Electricity Generation and Transmission Ecosystem
Types of Power Transmission and Distribution Equipment
Wires and Cables
Types of Power Wires and Cables
Switchgears
Medium-Voltage Switchgears
Insulation Medium Remain Vital in Switchgears
High-Voltage Switchgears
Power & Distribution Transformers
Transformers Overview
Categorization of Distribution Transformers based on Their Capacities
Architecture of Transformers
What Does a Transformer Do?
Power Transmission and Distribution (T&D) Equipment: The Cornerstone of a Reliable, Cost-Effective, Efficient, and Sustainable Electricity System
Surging Energy Consumption and the Resulting Rise in Power Production, Transmission and Distribution: Foundation for Market Growth
Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
Global Primary Energy Consumption (Billion toe) by End-Use Sector (1995, 2017 and 2040)
Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
Transformations in Power Transmission Technology over the Years
Global Market Outlook
Improving Economy Buoys General Market Optimism
Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2017 through 2020
Competitive Landscape
Power T&D Equipment Marketplace: Moderately Consolidated
ABB: The Largest Transformer Company in the World Built by Path-breaking Innovations
ABB Dominates the High Voltage Power Transmission Market
Market Share Breakdown of Leading Players in the Global High Power Transmission Equipment, Systems and Services Market (2018)
ABB's Portfolio of High-Efficiency Distribution Transformers
Market Share Breakdown of Leading Players in the World Distribution Transformers Market (2018)
Competitive Pressures Continue to Build Up in Power T&D Equipment Business
Noteworthy Mergers, Acquisitions & Divestitures during the Years 2005 to 2019
Key Corporate Developments
Smart Grid T&D Equipment: Competitive Vendor Landscape
Volatile Raw Material Prices: A Key Cause for Concern for Manufacturers
Raw Material Prices Alter Transformer Designs
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/58cup5
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