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Power Grids Market- Forecast & Opportunity, 2014-2027

Overview:

Power Grids are one of the most critical components in infrastructure, economic growth and welfare of nations. These are electrical power system network comprising of generating plant, transmission lines, substation, transformers, distribution lines and consumer. The power distribution grid must respond quickly to shifting demand and continuously generate and route electricity to where it's needed the most.

Research Scope:

“On the basis of types, the Power Grid Market is segmented into; Conventional Power Grid & Smart Power Grid. Further the market is bifurcated into components which include T&D Line, Transformers, Switchgears and Others. Again the market will be bifurcated by voltage into Low Voltage (120 V and under), Medium Voltage (240V to 360V), High Voltage (anything above 600V) and Extra High Voltage (10000V and above), finally, the market is segmented into end-user which includes Utility and Non-Utility.”

Years considered for this Report:

  • Historical Years: 2014 – 2017
  • Base Year: 2018
  • Forecast Period: 2019 – 2027

Objective of the Study:

The objective of this study is to understand the factors aiding the growth of the Power Grids market .The report further aims to identify various factors that are expected to support the expansion of the Power Grids market in the coming future.

The study additionally intends to understand competitive scenario in the Power Grids market, since the current market has few of the prominent solution providers.

Key Questions Answered

  • Major factors driving growth of the market
  • Revenue share of different Power Grids market segments.
  • Various trends affecting the market and key market opportunities
  • Competitive strategies of the key players operating in the market

Key Findings of the Report:

  • Electricity trading between Europe and North America. Europe has been the forefront of high voltage direct current (HVDC) research, development and deployment since 1950’s. Electricity trading through submarine power cables between Europe and eastern part of North America by laying 4000 MW transmission lines should derive economic benefits of over USD 190 million by 2030.
  • Distribution occupies the majority share of the market. Global power grid distribution market sizes to be over USD 23 billion in 2017 and is expected to grow at a significant pace owing to  digitization of sensing field device & communication propelling grid modernization.
  • Europe drives the technology gateway for Super Grids. European HVDC technologies introduces key technical, economic and environmental characteristics offering long distance HVDC application for bulk power transmission towards potential Super Grid implementation. Development of Eastern and Southern edges of European system across the North Sea and Baltic Sea along with continental network should be potential building blocks for long-term pan European Super Grid.  

Competitive market Players:

Some of the major players across the industry comprises Siemens, GE, Mitsubishi Electric, Schneider Electric, ABB, Jiangsu Huapeng Transformer, etc.

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