#Transmission and Distribution

[poojagblog-blog]

The global Smart Grid Market in terms of revenue was estimated to be worth $73.8 billion in 2024 and is poised to reach $161.1 billion by 2029, growing at a CAGR of 16.9% from 2024 to 2029 according to a new report by MarketsandMarkets™.

The global demand for smart grid is increasing due to strong focus on modernization of aging grid infrastructure. Factors such as rapid industrialization, urbanization, and rising requirement for energy efficiency are driving this growth. The demand for smart grid is growing due to the supportive regulatory framework of governments worldwide to promote deployment of smart grids and spreading awareness about energy conservation. Additionally, With the increasing complexity of the bulk power system and the growing focus on mitigating power outages, smart grid technology is poised to transform the traditional grid and is likely to become a more reliable and resilient approach.

[dsiddhant]

The global Air Circuit Breaker Market is expected to reach USD 4.1 billion by 2028 from USD 3.2 billion in 2023 at a CAGR of 5.0% during the 2023–2028 period according to a new report by MarketsandMarkets™.

[biglisbonnews]

Local communities play key role in clean energy transitions Putting people at the centre of all clean energy transitions is also key to successfully implementing energy and climate policies, says IEA. https://www.esi-africa.com/renewable-energy/local-communities-play-key-role-in-clean-energy-transitions/?utm_source=rss&utm_medium=rss&utm_campaign=local-communities-play-key-role-in-clean-energy-transitions

[wikipediapictures]

High voltage

“Hydro One Power Tower” - via Wikimedia Commons

[powerlinestructure]

[tubetrading]

Transmission and distribution solutions | radiantenterprises

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[soniez]

Transformer bushings connectors manufacturers in India | radiantenterprises

Radiant Enterprises is your premier source for high-quality transformer bushings. As one of the leading transformer bushings connectors manufacturers in India, we are dedicated to delivering top-notch products that meet the highest industry standards. Our reputation as one of the best transformer bushing manufacturers in India is built on our commitment to quality, innovation, and customer satisfaction. We provide durable and reliable transformer bushings that ensure the efficiency and longevity of your electrical equipment. Choose Radiant Enterprises for superior transformer bushings.

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[imperialchem]

Transmission and distribution manufacturers in India | radiantenterprises

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[poojagblog-blog]

The global Gas Insulated Switchgear Market Share is expected to grow from estimated USD 24.93 billion in 2024 to USD 33.53 billion by 2029, at a CAGR of 6.1% during the forecast period. This is attributed to the increase in strength across the power distribution infrastructure to meet the high demand for electricity, in addition to increasing investments into renewables and industrial production. In addition, the rapid growth in the deployment of high-voltage direct current (HVDC) systems will further boost market expansion during this period.

[dsiddhant]

The global Dry Type Transformer Market is expected to grow from an estimated USD 6.6 billion in 2023 to USD 9.2 billion by 2028, at a CAGR of 6.8% according to a new report by MarketsandMarkets™.

[a-maidens-fantasy]

"if AI is going to be a trillion dollar investment, what trillion dollar problem is it solving?" <- This

ed zitron, a tech beat reporter, wrote an article about a recent paper that came out from goldman-sachs calling AI, in nicer terms, a grift. it is a really interesting article; hearing criticism from people who are not ignorant of the tech and have no reason to mince words is refreshing. it also brings up points and asks the right questions:

if AI is going to be a trillion dollar investment, what trillion dollar problem is it solving?

what does it mean when people say that AI will "get better"? what does that look like and how would it even be achieved? the article makes a point to debunk talking points about how all tech is misunderstood at first by pointing out that the tech it gets compared to the most, the internet and smartphones, were both created over the course of decades with roadmaps and clear goals. AI does not have this.

the american power grid straight up cannot handle the load required to run AI because it has not been meaningfully developed in decades. how are they going to overcome this hurdle (they aren't)?

people who are losing their jobs to this tech aren't being "replaced". they're just getting a taste of how little their managers care about their craft and how little they think of their consumer base. ai is not capable of replacing humans and there's no indication they ever will because...

all of these models use the same training data so now they're all giving the same wrong answers in the same voice. without massive and i mean EXPONENTIALLY MASSIVE troves of data to work with, they are pretty much as a standstill for any innovation they're imagining in their heads

[skrubu]

Transmission by Pekka Nikrus Via Flickr: Among other Power lines

[cosmicsociology]

Hi, I am up at 2 AM. I think was actually onto something from a previous post.

I was going back to some parts of The Dark Forest to grab quotes and I saw this:

Together, the 5,500 crewmembers were like an infant who had been cut from its cord, then cruelly tossed into the abyss of space. Like that infant, there nothing they could do but cry. Yet Zhang Beihai’s calm eyes were a strong force field that upheld the stability of the formation and helped them maintain their military poise. Children cast aside into the endless night needed a father most of all, and now, like Dongfang Yanxu, they found the power of that father in the person of this ancient soldier.

[global-research-report]

Smart Grids and Beyond: Innovations in Electric Transmission and Distribution Equipment

The global electric power transmission and distribution equipment market was valued at USD 202.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2030. The advancement in electric power transmission and distribution equipment to fulfill the rising demand for electricity from the residential, commercial, and industrial sectors is propelling the global market growth. In addition, the introduction of various on-shore and off-shore projects by the government to generate electricity to cater to rising energy demand will result in the deployment of efficient switchgear, transformers, and meters for smooth power transmission and distribution.

The government of countries such as Germany, the UK, the Netherlands, China, and more is focused on developing offshore wind power generation systems, which are expected to generate demand for advanced T&D equipment. Their inclination toward adopting clean energy to cater to the rising electricity demand from the industrial and residential sectors is to impact the global market growth positively. For instance, in May 2022, the launch of Interconnection Innovation e-Xchange (i2X) by the Biden Administration, through the U.S. Department of Energy (DOE), brought together the grid utilities, operators, tribal and state government, energy justice organizations, and other stakeholders to solve America’s power grid challenges and drive more clean energy to the power industry which is expected to drive the growth of the market.

The growing adoption of electric vehicles (EV) is creating demand for electric power transmission and distribution equipment to establish efficient electric vehicle infrastructure. Countries such as China, Germany, France, the U.S., South Korea, and Japan are the leading adopters of EVs. Governments of emerging economies such as Thailand and Indonesia are aiming for the deployment of EVs, and this further is creating a positive impact on the global energy systems, which are responsible for market growth.

Renewable energy sources such as wind, biomass, solar, geothermal energy, and hydroelectric power are the major sources of green energy. These renewable energy sources provide environmental benefits, minimize the dependency on fossil fuels, and reduce electricity costs. According to the study published by the U.S. Energy Information Administration (EIS), in May 2022, solar and wind energy are expected to be the largest renewable energy source for US electricity generation. The US EIS forecasts an increase of 10 Billion-Mega Watthours (MWh) in solar energy generation between June and August 2022 compared to the previous year's period. Further, wind energy generation is also expected to increase by 8 billion MWh during the same period. The study predicts an increase of 31 percent in solar energy since June 2021, estimated to generate 65 GW of utility-scale solar energy in the US electric power sector. This growing demand for green energy in the global energy sector is driving the need for efficient electric power transmission and distribution equipment supporting the market growth.

Detailed Segmentation:

Product Insights

The cable and lines segment dominated the market and accounted for more than 26.2% of the global revenue share in 2021. The market growth is expected to be driven by the smart upgrading of distribution systems, power transmission, and the development of smart grids. Due to smart grid technology, increasing demand for interconnections has resulted in increased investments in submarines and underground cables.

Sales Channel Insights

The indirect channel dominated the market and accounted for more than 54.4% of the global revenue share in 2021. The indirect channel segment is divided into four subsegments: commercial distribution, catalog distribution, retail box stores, and e-commerce. The commercial distribution subsegment holds the largest market share owing to the rise in the adoption of value-added services, distributor-managed inventory, and credit financing. The increase in e-commerce sales grew by more than 200% in 2021, which is expected to drive market growth.

Regional Insights 

Asia Pacific region dominated the market and accounted for more than 52.0% of the global revenue share in 2021, which can be attributed to increasing construction activities, urbanization, electricity demand, and industrialization in the region. The growth of the market is expected to be fueled by investments from countries such as India, China, Vietnam, and the Philippines in grid expansion projects. 

Key Companies & Market Share Insights 

The market is consolidated and most of the players are focused on mergers and acquisitions, product launches, and partnerships. Some of the prominent players in the global electric power transmission and distribution equipment market include:

ABB

Siemens

GE

Schneider Electric

Eaton

Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.

[tubetrading]

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