Monday, May 30th, 2016 - Future Market Insights

Growing electricity concerns, usage of new transmission technology along with use of large central station generating plants (to serve giant areas), the demand for electricity transmission infrastructure is increasing. Spanning across the world, a much-needed attention is required for the electricity transmission infrastructure market. The waves of electricity transmission started in 1900s. Located near demand centres, it is a bulk transmission of electrical energy from generating power plants to electrical substations. Though, it is different from electric power distribution (limited wiring between high-voltage substations and customers). For transmission networks, transmission lines need to be connected with each other. The developing infrastructure market has largely emphasised on the development of electricity transmission infrastructure market. Economic growth, increase in population, policy initiatives, connecting to renewable energy sources are the factors expanding and extending the growth in the electricity transmission infrastructure market.

Electricity Transmission Infrastructure Market: Drivers & Restraints

To add new capacity and better monitoring facilities, new transmission lines are being built and existing systems are retrofitted. Forces such as need for electricity and significant capital investments is considered as one of the biggest driver for the increasing demand of the electricity transmission infrastructure market. Investment in smart grid is accounting for a major share of the overall market. Also the increasing regulatory standards has strongly contributed to the demand of the global electricity transmission infrastructure market. However, loss of electrical energy in long distance transmission (cannot be stored) are the major restraint in the global electricity transmission infrastructure market.

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Electricity Transmission Infrastructure Market: Segmentation

On the basis of transmission lines, the global electricity transmission infrastructure market is segmented as:

  • Overhead power transmission and

  • Underground power transmission

On the basis of product type, the global electricity transmission infrastructure market is segmented as:

  • Transformers includes power and distribution transformers, among others.

  • Switchgear and Switchboard apparatus

On the basis of applications, the global electricity transmission infrastructure market is segmented as:

  • Industrial

  • Commercial

  • Residential

  • Transportation

  • Others

On the basis of technology, the global electricity transmission infrastructure market is segmented as:

  • High-voltage direct current (HVDC)

  • Smart Grid

  • Others (new transformer core shapes, amorphous core transformers, among others)

Electricity Transmission Infrastructure Market: Region-wise Outlook

The global electricity transmission infrastructure market is expected to register a favourable growth for the forecast period, 2015?2025. The Asia-Pacific region, led by China, (driven by the government engaging in expanding and upgrading the transmission infrastructure) is projected to its control on the global electricity transmission infrastructure market. North America (driven by the increasing creation of renewable energy projects) is expected to be the second largest market in global electricity transmission infrastructure market followed by Western Europe.

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Electricity Transmission Infrastructure Market: Key Players

Some of the key market participants in global electricity transmission infrastructure market are ABB Limited, Alstom SA, Mitsubishi Electric, Eaton, General Electric Company, Hitachi Limited, Siemens AG, Toshiba Corporation and OSRAM Licht AG, among many others.

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Electricity Transmission Infrastructure Market

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