Search results for: 'outsourcing ofstrive processing expand opportunities'

Pressure to reduce costs, improve revenues, and become more competitive has prompted investor-owned utilities to utilize outsourcing transmission and distribution (T&D) services. Recent winter storms, which hit the states between 2012 and 2013, prompted utilities to invest rugged T&D infrastructure. Furthermore, the addition of renewable power on t...

The global microgrids market will experience strong revenue growth, increasing from $8.85 billion in 2021 to $19.55 billion in 2030. North America and Asia-Pacific (APAC) will be the leading markets from 2021 to 2030. However, APAC will outpace North America and hold the highest share in the long term, focusing on remote microgrids. With largely se...

This research service is a comprehensive study of the transmission equipment (69kV and above) market growth over the next ten years (from 2021 to 2030). It includes transmission substation, power transformers, transmission cable length, and circuit breakers. The report covers North America, Europe, Asia-Pacific, Middle East, Latin America, and Afri...

The global microgrids market revenue is forecast to increase from $3.37 billion in 2022 to $8.00 billion in 2030. While North America is projected to remain the largest regional market over the forecast period, the Asian region is expected to outpace its growth. With a largely secure grid infrastructure, the European Union has limited microgrid dev...

08 Jul 2022  |  North America  |  Market Research

Global Transformer Growth Opportunities

Greater Grid Resiliency, Increased Grid Intelligence, and Security of Supply— All Key Drivers of Future Growth

Infographics

×

Key Issues Addressed

Rising electricity demand complemented by sustained scaling up of renewable energy worldwide will boost investments in power transmission and distribution (T&D) infrastructure and grid assets, including transformers. The global transformer market revenue is expected to reach $64.24 billion in 2030; a market rebound is expected from 2022 onward. Tho...

The electricity markets of Kenya and Tanzania are power scarce, with low electricity access and per capita consumption levels. Electricity demand here is set to increase significantly, driven by the economic upturn and increasing urbanisation. Kenya and Tanzania are focusing on utilising their natural gas and geothermal energy resources to meet the...

This research service is a comprehensive analysis of the market growth of transmission equipment (69kV and above) between 2021 and 2030; it covers transmission substations, power transformers, transmission cable length, and circuit breakers. The geographic scope includes North America, Europe, Asia-Pacific, the Middle East, Latin America, and Afric...

31 Jan 2022  |  Global  |  Market Research

Global Medium Voltage Switchgear Growth Opportunities

Future Growth Potential Enhanced by Environmentally Friendly Products, Digital Products, and New Business Models

Infographics

×

Key Issues Addressed

This research service is a comprehensive study of the medium voltage (MV) switchgear equipment (rated between 1.1kV and 40.5kV) market growth during the forecast period, from 2022 to 2030. The report presents market revenue forecast based on region (North America, Europe, Asia-Pacific, the Middle East, Latin America, and Africa), followed by a mark...

The global penetration rate for smart metering is forecast to increase from just over 40% at the start of 2022 to 65% by 2030. This growth will lead to an increased demand for meter data management (MDM) software. First-generation meters largely focus on basic functions such as billing and time-of-use pricing. With the growth of decentralized energ...