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researchinsight · 3 years

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Global GSA Electricity Transmission and Distribution EPC Market Research Report – Analysis and Growth Forecast 2027

The rising demand for electricity in residential and small commercial establishments, adoption of renewable energy led to de-carbonization of the energy sector, development of T&D infrastructure will augment the growth of the GSA electricity transmission and distribution EPC market.

The COVID-19 pandemic has negatively impacted most industries owing to the disruption in manufacturing and supply chain operations. Thus, it has impacted the GSA Electricity transmission and distribution EPC market. However, the GSA electricity transmission and distribution EPC market will grow at 3.5% CAGR. Additionally, demand from consumers has significantly reduced for non-essential items. However, companies in Switzerland have taken advantage to promote renewable energy electricity production for power producers for electricity transmission and distribution EPC market.

Request to get a free sample copy at https://www.vynzresearch.com/semiconductor-electronics/gsa-electricity-transmission-and-distribution-epc-market/request-sample

Based on the installation, the global GSA electricity transmission and distribution market is divided into overhead and underground. The underground segment will witness a substantial growth in the GSA electricity transmission & distribution EPC market in 2020. There are several new projects by transmission system operators that build an underground HVDC transmission line in offshore areas and are accelerating growth in the development of underground lines.

Geographically, Germany leads the GSA electricity transmission and distribution EPC market owing to the rising investment in developing offshore wind power projects. Furthermore, Switzerland is expected to expand during the projected period due to the upsurge in the investment of refurbishments and the replacement of aging electrical grid infrastructure.

The prominent players in the GSA Electricity Transmission and Distribution EPC industry includes ARTECHE, Fluor Corporation, Europower Energie B.V, Eltel Networks, GOPA – International Energy Consultants GmbH, GENERAL ELECTRIC, Renewable Energy System Limited, Bechtel Corporation, Nuberg, EPC Solutions, IFM – Internationale Freileitungsmontage A.S, STEAG GMBH, ZTT

Source: VynZ Research

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marketnewsstudy · 3 years

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Global GSA Electricity Transmission and Distribution EPC Market - Analysis and Forecast (2020–2025)

The GSA electricity transmission and distribution EPC market was valued at USD 396.3 billion in 2020 and is expected to reach USD 471.7 billion by 2025, growing at a CAGR of 3.5%.

In the growth of T&D networks, electricity transmission & distribution EPC plays a key role. EPC's electricity transmission & dealer designs and procures equipment and provides the customers with a working product. The increase in investment in transmission & distribution infrastructure growth because of the rise in renewable energy usage in the GSA transmission & distribution market is expected to increase during the forecast period.

For Free Sample Report- https://www.vynzresearch.com/semiconductor-electronics/gsa-electricity-transmission-and-distribution-epc-market/request-sample

News Update on GSA Electricity Transmission and Distribution EPC Market

In 1986, British Gas was privatized under the government of Margaret Thatcher. In the late 1990s as the 12 regional electric power companies were being sold in England and Wales, the first sections of the electricity market were privatized.

Subsequently, the Scottish industry and the national energy and power firms, along with the national grid, were sold. Electricity and gas are primarily moved across the country by the National Grid. This is called transmission. Transmission. A variety of different organizations are responsible for the very last leg of the trip to the homes and businesses of citizens - known as delivery.

The BBC has discovered that it is humanity's greatest greenhouse gas, and emissions have steadily increased in recent years. In the electrical industry, sulfur hexafluoride or SF6 is used frequently to avoid short circuits and injuries. However, UK and EU gas leakage in 2017 was the equivalent of 1,3 million additional vehicles being placed on the lane.

For seven years, electricity has been overpaid by consumers because the regulator has made network operators' objectives too simple, a watchdog said. The NAO reported that the Office for National Auditing (Ofgem) allowed firms that run wires and pylons to make greater profits than required.

The excess return of £800 million meant that bills were up to £1.60 a year higher than needed. Ofgem said that without intervention, the excess may have reached £13. The study reveals that "energy networks have enjoyed a major windfall at the expense of consumers" Gillian Guy of People Advice.

Competitive Landscape and Key Players in the Market

With the involvement of many players operating at local as well as domestic levels, the GSA electricity transmission and distribution EPC sector:

- ARTICLE

- Fluor Corporation

- Europower Energie B.V

- Eltel Networks

- GOPA – International Energy Consultants GmbH

- GENERAL ELECTRIC

- Renewable Energy System Limited

- Bechtel Corporation

- Nuberg

- EPC Solutions

- IFM – Internationale Freileitungsmontage A.S

- STEAG GMBH

- ZTT

For Customization Request - https://www.vynzresearch.com/semiconductor-electronics/gsa-electricity-transmission-and-distribution-epc-market/customize-report

VynZ Research

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VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT, and other emerging technologies. READ MORE…

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marketnewsstudy · 3 years

Text

Global GSA Electricity Transmission and Distribution EPC Market - Analysis and Forecast (2020–2025)

The GSA electricity transmission and distribution EPC market was valued at USD 396.3 billion in 2020 and is expected to reach USD 471.7 billion by 2025, growing at a CAGR of 3.5%.

For Free Sample Report- https://www.vynzresearch.com/semiconductor-electronics/gsa-electricity-transmission-and-distribution-epc-market/request-sample

Market Segmentation

By Voltage

- Low (200 V or 400 V)

- Medium (6kV-60kV)

- High (60kV – 110kV)

- Extra-High (110kV – 380kV)

- Ultra-high (Above 380kV)

The low segment represented a major share of GSA's electricity transmission and distribution EPC market in 2019 about voltage. Increased demand for electricity is a key factor in investments in building low voltage distribution lines in residential and small business establishments.

By Installation

- Overhead

- Underground

The underground sector kept an important part of the electricity transmission & distribution EPC market for GSA in 2019 about its installation. The implementation by transmission system operators of several projects to construct an underground HVDC transmission line in offshore areas increases investments in underground lines growth.

By Service

- Engineering

- Procurement

- Construction

Based on operation, GSA's EPC business procurement segment is expected to grow at a speedy speed during the projected period.

In the Austrian electrical transmission and distribution EPC industry, software companies are stepping up to assist producers in the procurement of projects. For example, ReqPOOL, a leading software management consulting company in Germany, partners with Austrian Power Grid AG, to efficiently manage the maintenance and technical services for electrical generation by electricity producers and distribution systems operators. Key innovations in the GSA electricity transmission & distribution EPC sector led to the rapid growth in sales, where the market is expected to reach USD 546.5 billion by 2030.

For the expansion of the energy grid, sophisticated software systems help to control workers, manage schedules, and address bottlenecks. These systems track failures and energy fluctuations in the grid, thereby making day-to-day business more professional by using actionable data.

By Region

- Germany

- Switzerland

- Austria

In 2019, the power transmission & distribution EPC market in GSA was dominated by Germany. Germany can be attributed to a rise in investments for the construction of offshore wind power projects in the EPC transmission & distribution sector in GSA. Due to the growing investment in the renovation and replacement of aging power grid infrastructure, the EPC transmission & distribution market in Switzerland is expected to rise during the forecast period. In Austria, there is a risk that the EPC demand for electricity transmission & distribution in the forecast period will rise moderately.

A key factor driving the EPC electricity transmission and distribution market in the country is the implementation of the proposed investment in the construction of grid transport infrastructure for maintaining grid security.

Competitive Landscape and Key Players in the Market

With the involvement of many players operating at local as well as domestic levels, the GSA electricity transmission, and distribution EPC sector:

- ARTICLE

- Fluor Corporation

- Europower Energie B.V

- Eltel Networks

- GOPA – International Energy Consultants GmbH

- GENERAL ELECTRIC

- Renewable Energy System Limited

- Bechtel Corporation

- Nuberg

- EPC Solutions

- IFM – Internationale Freileitungsmontage A.S

- STEAG GMBH

- ZTT

For Customization Request - https://www.vynzresearch.com/semiconductor-electronics/gsa-electricity-transmission-and-distribution-epc-market/customize-report

VynZ Research

Call: +91-996-028-8381

Toll Free (U.S. and Canada): +1-888-253-3960

Email: [email protected]

Web: https://www.vynzresearch.com

Connect with Us: LinkedIn | Facebook | Twitter

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