Showing posts with label Electric Power Transmission. Show all posts
Showing posts with label Electric Power Transmission. Show all posts

Electric Power Transmission, Control And Distribution Market Impact Analysis, Opportunities

The Electric Power Transmission, Control, And Distribution Global Market Report 2020-30 by The Business Research Company describes and explains the global electric power transmission, control, and distribution market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.

The Electric Power Transmission, Control, And Distribution Global Market Report 2021 covers electric power transmission, control, and distribution market drivers, electric power transmission, control, and distribution market trends, electric power transmission, control, and distribution market segments, electric power transmission, control, and distribution market growth rate, electric power transmission, control, and distribution market major players, and electric power transmission, control, and distribution market size.

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The electric power transmission, control, and distribution market report provides an in-depth analysis of the impact of COVID-19 on the global electric power transmission, control, and distribution industry, along with revised market numbers due to the effects of the coronavirus and the expected electric power transmission, control, and distribution market growth numbers 2021-2030.

Electric Power Transmission, Control, And Distribution Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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The global electric power transmission, control, and distribution market is expected to grow from $2.13 trillion in 2020 to $2.28 trillion in 2021 at a compound annual growth rate (CAGR) of 6.8%. The market is expected to reach $3.04 trillion in 2025 at a CAGR of 7%.

The report covers the electric power transmission, control, and distribution market’s segments- 
1) By Type: Electric Power Distribution, Electric Bulk Power Transmission And Control.

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Electric Power Transmission, Control, And Distribution Global Market Grow Rapidly by 2021

Electric Power Transmission, Control, And Distribution Global Market Size:
The global electric power transmission, control, and distribution market was valued at $1439 billion in 2017. Asia Pacific was the largest geographic region accounting for $600 billion or 41.7% of the global market. China was the largest country accounting for $286.3 billion or 19.9% of the global electric power transmission, control, and distribution market.

Electric Power Transmission, Control, And Distribution Global Market Overview:
Power transmission companies are using hybrid grids to transmit electricity over long distances at lower costs. A hybrid grid makes use of high voltage direct current (HVDC) and combinations of AC and DC systems to transmit electricity. These systems provide end-users with more affordable, reliable and sustainable energy. Huawei, a leading communication technology provider in China, is using hybrid grids power system to transmit electricity to poor grid areas.
Asia Pacific was the largest geographic region in the market, accounting for more than one-third of the global market. China was the largest country accounting for one-fifth of the global electric power transmission, control, and distribution market.
According to The Business Research Company’s Consultant, Oliver Guirdham, electric power generation companies are increasingly using batteries to store solar energy during daylight hours. These energy-storage sites consist of large lithium-ion batteries. These batteries store enough energy to serve as a back-up in case of fuel shortages. They are designed to absorb solar power and feed it back to the grid. These systems minimize the need for capital intensive power generation plants, thereby enhancing transmission and distribution efficiencies and thus reduce operational costs. For example, San Diego Gas & Electric operations center has installed energy-storage systems with big batteries to store electric power.  Arizona Public Service Co. has installed a $2 million battery system in Phoenix to store energy. In 2016, lithium-ion battery prices fell by 70% and are expected to shrink further in future, thus driving their use in power grids.
The top companies in the electricity transmission and distribution industry covered in the report are Duke Energy, Engie SA, National Grid, NextEra, and Electricite de France. Duke Energy was the biggest player in the global electric power transmission, control, and distribution market, with revenues worth $22 billion in 2016. Duke Energy has expanded its investment portfolio through the addition of distributed solar companies and projects, energy storage systems and energy management solutions specifically tailored to commercial businesses and other institutions.
The report also covers other major electric utility industry trends.
Power Transmission Market Segmentation
The electric power transmission, control, and distribution market is segmented into Electric Power Distribution; Electric Bulk Power Transmission And Control.
Electric Power Distribution segment includes electric power establishments involved in operating electric power distribution systems and operating as electric power brokers or agents that arrange the sale of electricity via power distribution systems operated by others.
Electric Bulk Power Transmission and Control segment comprises companies primarily involved in operating electric power transmission systems and controlling the transmission of electricity from the generating source to distribution centers or other electric utilities.
Electric Power Transmission, Control, and Distribution Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
About The Business Research Company
The Business Research Company is a market research and intelligence company, which excels in company, market and consumer research.
It has research professionals at its offices in the UK, India and the US as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, chemicals and technology.
Contact Information:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293