Global Smart Grid T&D Equipment Market 2016-2020
Description-
About
Smart
Grid Transmission and Distribution
Equipment
Globally
the power T&D network is undergoing a transformation with the
introduction of digital technologies into the grid; it is largely
driven by the need for efficiency, improved reliability and the
integration of diverse power generation sources. The traditional grid
was designed to manage continuous power from sources such as coal,
oil, and other resources. However, countries are focusing on newer
alternate sources of technology, which serve as intermittent sources
of power generation. To harness the full potential of renewable power
and provide a continuous power supply, utilities require flexible
power supply system.
To
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This
implies using a combination of these alternate energy sources along
with power backup options such as generators, energy storage, and
smart devices that provide complete transparency to the network.
Smart T&D equipment transfers electricity from the transmission
system to the consumer delivery point. Such equipment improves the
overall efficiency of the smart grid, minimizes technical losses,
improves O&M, and improves the longevity of the T&D
equipment, deferring the investment and allowing grid operators to
monitor and control the functions of the grid from a remote location.
Smart T&D equipment includes reclosers, fault current indicators,
automated switches, Volt-VAR control equipment, synchrophasor, and
HVDC, among others.
Technavios
analysts forecast the global smart grid T&D equipment market to
grow at a CAGR of 16.23% during the period 2016-2020.
Covered
in this report
The
report covers the present scenario and the growth prospects of the
global smart grid T&D equipment market for 2016-2020.
The
market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's
report, Global Smart Grid Transmission and Distribution Equipment
Market 2016-2020, has been prepared based on an in-depth market
analysis with inputs from industry experts. The report covers the
market landscape and its growth prospects over the coming years. The
report also includes a discussion of the key vendors operating in
this market.
Key
vendors
ABB
Ltd.
GE-Alstom
Grid
Prymsia
Group
Schneider
Electric SE
Siemen
AG
Other
prominent vendors
Abengoa
EATON
First
Subsea
Fujikura
General
Cable
Honeywell
Nexans
Schweitzer
Engineering Laboratories
Xian
Electric Engineering
Market
driver
Need
for flexible power systems
For
a full, detailed list, view our report
Market
challenge
High
risk of cyber attacks
For
a full, detailed list, view our report
Market
trend
Increase
in power production
For
a full, detailed list, view our report
For
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