Generation, Transmission, And Distribution Market Global Briefing 2018

Generation, Transmission, And Distribution Market Global Briefing 2018
Starting Price : $ 1000.00 | Pages : 41 | Published : December 2017

SKU CODE : 2577 | 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.

Asia Pacific was the largest region in the generation, transmission, and distribution market in 2017, accounting for around 40% 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.
Eastern Europe was the smallest region accounting for less than 2.5% market share. This region is low producer and highest importer of power.

Utility business models are continuously evolving from traditional electricity generation models to new business models such as distributed generation models to cut costs and improve transmission and distribution efficiencies. Distributed generation refers to localized power generation using solar panels and other low-cost technologies to produce electricity close to the point of consumption. Consumers are switching to more cost-effective and controlled distributed generation networks, therefore electric power generation companies should now focus on distributed generation rather than a centralized electricity generation model.  Also, many companies are using new revenue models and incentives instead of traditional cost-of-service models. For instance, New York’s (Reforming Energy Vision) REV docket is focused on distributed generation and performance-based incentives to push utilities to serve grid needs. Electric utilities in states like California, Minnesota and Massachusetts are also involved with the REV initiative.  According to Citigroup, in next two decades the European decentralized electricity market will grow to one-third of total utility market.
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