DUBLIN, September 23, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Electrical Equipment Market for the Power Distribution Industry 2016-2020" report to their offering.
The report forecasts the global electrical equipment market for power distribution industry to grow at a CAGR of 8.9% during the period 2016-2020.
One of the key trends for market growth will be the delay in commissioning of power projects in India. India has a large scope for upgrading distribution networks, as the country's T&D and AT&C losses is one of the highest in the world. India's AT&C losses stand at 22.7% and T&D losses stand at about 21.46%. Though the government had launched several schemes such as IPDS and R-APDRP in the past, implementation of power projects is delayed due to delay in transmission and sub-transmission projects. These projects are delayed due to various reasons such as the need for environmental clearances, land acquisitions, signing of PPAs, and the high cost of finance. In addition, the DISCOMs in India are not financially strong, which is one of the key reasons for implementation of projects. Distribution is considered to be the weakest link in the value chain, with DISCOM losses mounting up to $64 billion as of March 2015. The delay in commissioning of projects or hindrances at various stages will affect the revenues of companies that are involved in the contracts.
According to the report, growing implementation of smart grid technology will be a key driver for market growth. The global electricity sector is transforming from centralized power generation to decentralized distributed power generation. This has resulted in transformation of customers into prosumers. A prosumer consumes as well as generates power, which will be supplied to the grid. In the recent years, rooftop PV has emerged as one of the fastest growing renewable energy technology in the world. Policies at state and federal levels have encouraged widespread deployment of distribution systems.
Further, the report states that damage to distribution systems due to grid instability will be a major challenge for the market.
- Emerson Electric
- Schneider Electric
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market drivers
PART 07: Impact of drivers
PART 08: Market challenges
PART 09: Impact of drivers and challenges
PART 10: Market trends
PART 11: Market segmentation by equipment
PART 12: Geographical segmentation
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/5b54gh/global_electrical
Research and Markets
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SOURCE Research and Markets