Electric Power Transmission, Control, and Distribution market includes establishments involved in operating electric power transmission and distribution systems that control the transmission of electricity from the source to consumers.
The global electric power transmission, control, and distribution market was valued at $1439 billion in 2017. Asia Pacific was the largest geographic region accounting for $600 billion or 41.7% of the global market. And China was the largest country accounting for $286.3 billion or 19.9% of the global electric power transmission, control, and distribution market.
Power transmission companies are using hybrid grids to transmit electricity over long distances at lower costs. A hybrid grid makes use of high voltage direct current (HVDC) and combinations of AC and DC systems to transmit electricity. These systems provide end-users with more affordable, reliable and sustainable energy. Huawei, a leading communication technology provider in China, is using hybrid grids power system to transmit electricity to poor grid areas.
Companies Covered: Duke Energy, Engie SA, National Grid, NextEra, Elctricit de France
Market Segments Included: Electric Power Distribution; Electric Bulk Power Transmission And Control
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