Generation, Transmission, And Distribution Global Market Report 2018

Generation, Transmission, And Distribution Global Market Report 2018
Starting Price : $ 6000.00 | Pages : 250 | Published : February 2018

SKU CODE : 3001 | Format :

The generation, transmission, and distribution industry includes establishments involved in generating, transmitting, and distributing electric power. Companies in this industry operate generation facilities that produce electricity, transmission systems that convey electricity from generation facility to the distribution system, and distribution systems that convey electric power received from the generation facility or the transmission system to the final consumer. The generation, transmission, and distribution market in this report is segmented into electricity generation and electric power transmission, control and distribution.

Asia Pacific was the largest region in the generation, transmission, and distribution market in 2017, accounting for 42% market share. This was mainly due to presence of a large number of households, industries and power generation companies in the region. The region is expected to lead the power distribution market due to the wide-ranging development in the region. India and China are expected to be the fastest growing markets for distribution panel boards in this region from 2017-2023. Western Europe was the second largest region accounting for 28% market share. Eastern Europe was the smallest region accounting for 2% market share.

Electric power generation companies are increasingly using batteries to store solar energy during daylight hours. These energy-storage sites consist of large lithium-ion batteries. These batteries store enough energy to serve as a back-up in case of fuel shortages. They are designed to absorb solar power and feed it back to the grid. These systems minimize the need for capital intensive power generation plants, thereby enhancing transmission and distribution efficiencies and thus reduce operational costs. For example, San Diego Gas & Electric operations center has installed energy-storage systems with big batteries to store electric power. Arizona Public Service Co. has installed a $2 million battery system in Phoenix to store energy. In 2016, lithium-ion battery prices fell by 70% and are expected to shrink further in future, thus driving their use in power grids.
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