Rising Energy Consumption Fuels the $161 Billion Global Market for Electric Power Transmission and Distribution Equipment
FARMINGTON, Conn., Nov. 7, 2012 /PRNewswire-iReach/ -- As the global market for electric power transmission and distribution equipment expands to meet the demands of fuelling broader economic development, flexible AC transmission equipment and residential generators will show increases as well.
Global Information Inc (GII) presents three significant market research reports covering the global markets for electric power transmission and distribution equipment, residential generators and flexible AC transmission equipment from our premium research partner, Global Industry Analysts, Inc.
Electric Power Transmission and Distribution Equipment
The global market for electric power transmission and distribution (T&D) equipment is projected to reach US$161 billion by 2018, driven by spiraling increase in energy consumption across the world and growing focus on development of environment-friendly renewable sources of energy. Opportunities in the market will also be largely influenced by the role played by Governments in developing the highly capital-intensive Electric Power industry. Asia-Pacific represents the largest and the fastest growing regional market. The region is expected to grow at a CAGR of 18% over the analysis period. Among the product markets, Switchgears represents the largest as well the fastest growing product segment with revenues from the segment forecast to wax at a CAGR of 17.8% over the analysis period.
Growth in this market will also be triggered by the growing focus on renewable sources of energy. Rising environmental concerns associated with conventional electricity generation sources coupled with the increasing need to meet the electricity demand is fostering the need for generating environment friendly electricity. This, in turn, is driving increased focus on energy generation from renewable sources such as wind power and solar energy. Also, a large number of newly approved and commissioned renewable projects are located in places away from urban centers and will thereby drive demand for equipment used to transmit and distribute power over longer distances. Poised to especially benefit are transformers used to connect to Distributed Energy Resources (DER). Increasing investments on alternative energy resources and fast-paced developments in solar and other renewable energy projects in developed and developing markets alike are poised to benefit the T&D equipment market in the medium to longer term.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/go225220-electric-power-transmission-distribution.html
The global market for residential generators is projected to reach US$11.3 billion by the year 2018, driven primarily by changing lifestyles in both developing and developed nations. Increasing dependence on electronic devices and growing prominence of outdoor activities propel demand in the developed markets. On the other hand, growing urbanization, industrialization and electrification and rising disposable incomes increase penetration of generators in the developing markets.
Major players profiled in the report include Baldor Electric Company, Briggs & Stratton Power Products Group, Cummins, Inc., Eaton Corporation, Generac® Power Systems Inc., General Electric Company, Generators.ie, Honda Power Equipment, and Kohler Power System, among others.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/go134267-residential-generators.html
Flexible AC Transmission Equipment
The global market for flexible AC transmission equipment is projected to reach US$2.4 billion by the year 2018, driven largely by the cautious resurgence in infrastructure and construction projects in developed countries and by the rising energy demand in developing countries and the ensuing investments in energy infrastructure to overcome capacity shortages. Federal policy obligations to develop secure and reliable power systems also bode well for the future of the market.
A noteworthy trend in the market is the shift towards variable shunt compensation equipment. Owing to their superior technical benefits compared to other compensation equipment, Variable shunt compensation is considerably increasing its market share in the total Flexible AC Transmission Equipment market. Changing load conditions leads to frequency, power factor and system voltage swings that in turn affect the power system. Variable compensation systems are designed to control swings in power factor and voltage. These systems enhance power transfer ability of transmission lines. Despite the higher upfront costs associated with variable compensation systems, the numerous advantages offered by these systems, such as, savings in terms of enhanced power quality, lower maintenance expenditure, greater network reliability and increased energy security, will continue to spur growth in demand. In addition, developments in semiconductor technology will help soften prices in the medium to long-term.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/go138781-flexi-ac-trans-equip.html
About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
SOURCE Global Information, Inc.
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