T&D investment will be significant in all major geographies. The largest new investment over the next decade will be in China and India as they seek to meet rising electricity demand while also modernizing their grids. Developed countries will also be investing significantly, particularly in smart grid infrastructure and renewable energy integration. France alone plans to invest over $1bn per year in T&D infrastructure focusing on integrating renewable energy, while US utilities will invest nearly $20bn per year in transmission, up from just $10bn per year back in 2010.
Developed countries will also lead the way in distribution-level smart grid infrastructure (distribution automation) investment. In many developed countries distribution automation – including substation automation, fault detection, isolation and restoration schemes (FDIR), Volt/VAR optimization (VVO), and additional grid monitoring and control infrastructure – will reach 15-20% of total annual T&D investment. This will compensate for modestly lower legacy T&D investment as distributed generation and demand response programs gradually reduce the need for new power lines and substations.
Several leading global vendors including ABB, GE/Alstom, S&C, Schneider Electric and Siemens will be vying for this significant market. They will compete with each other as well as a number of local and regional players.
The Global Electricity Transmission and Distribution Infrastructure Dataset (2016-2026) includes over 80,000 data points and covers 125 individual countries. This includes annual and cumulative data for 16 market segments for both legacy and smart grid T&D investment. To order a copy of the study or dataset, please visit: www.northeast-group.com
ABOUT: Northeast Group, LLC is a Washington, DC-based smart infrastructure market intelligence firm.
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SOURCE Northeast Group, LLC