Environmental factors, fuel resource constraints, geo-political risks and evolving technologies are transforming the global power sector. Growing emphasis on reduction of carbon emissions is also creating a promising market for renewables and other grid assets.
Developed nations with established power networks are expected to focus on transitioning their power systems to reduce environmental impacts or on gradual replacement of aging assets. Developing nations face a myriad of challenges such as changing power generation model, power theft, supply reliability, grid constraints, market reformation, electricity deficit, growing urban population, and poor utility finances, which influence changes within the power sector.
According to the report, connecting remote power generation with far-off load centers in countries such as China, Germany, and South Africa, and the push for an interconnected grid in the EU and Japan, present the need for new transmission infrastructure to facilitate power supply to consumers and to maintain grid flexibility.
Rajasekaram concludes: “There is a strong requirement for new grid infrastructure to support the trends taking place within the generation and consumer segments of the power sector. The economic growth in most nations is intricately connected with resource consumption such as electricity. As countries seek to improve their growth prospects, the demand for electricity and consequently the investments into the power sector will grow and drive the power transmission and distribution conductors market.”
Environmental factors, fuel resource constraints, geo-political risks and evolving technologies are transforming the global power sector. Growing emphasis on reduction of carbon emissions is also creating a promising market for renewables and other grid assets.
Developed nations with established power networks are expected to focus on transitioning their power systems to reduce environmental impacts or on gradual replacement of aging assets. Developing nations face a myriad of challenges such as changing power generation model, power theft, supply reliability, grid constraints, market reformation, electricity deficit, growing urban population, and poor utility finances, which influence changes within the power sector.
According to the report, connecting remote power generation with far-off load centers in countries such as China, Germany, and South Africa, and the push for an interconnected grid in the EU and Japan, present the need for new transmission infrastructure to facilitate power supply to consumers and to maintain grid flexibility.
Rajasekaram concludes: “There is a strong requirement for new grid infrastructure to support the trends taking place within the generation and consumer segments of the power sector. The economic growth in most nations is intricately connected with resource consumption such as electricity. As countries seek to improve their growth prospects, the demand for electricity and consequently the investments into the power sector will grow and drive the power transmission and distribution conductors market.”
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