High voltage direct current (HVDC) transmission is the massive transmission of electricity over long distances in the form of direct current, leading to cost saving and lesser loss as compared to HVAC transmission. The HDVC market is expected to have significant growth during the forecast period owing to the growing electricity consumption and the increasing investments in energy infrastructure. Integration of renewable energy into the HDVC system is also expected to drive the market growth i Read more...
The incorporation of intelligent electronic devices (IEDs) with a communication network is transforming the analogous system of substation in the energy and power industry. The digital substation market is anticipated to reach US$XX.XX billion by 2024 from US$XX.XX billion in 2018 with CAGR of XX.XX%. The technical advancement has led the electrical system for digitization, resulting in implementing digital substations over traditional substations. The digital substation market is Read more...
The smart electric meter market is projected to grow at a CAGR of 3.55% during the forecast period of 2018 to 2024. Smart electric meters are replacing traditional meters in every field of the electrical system. Wastage of energy can be decreased by the effective utilization of smart electric meter in the transmission and distribution system. In addition to this, additional benefits such as energy portfolio management, smart grid, real-time forecasting, grid integration of renewable sources are Read more...
The microgrid control system market is projected to expand at a CAGR of 8.08% over the forecast period to reach US$2,378.748 million in 2024 from US$1,492.104 million in 2018. Microgrid Control System (MCS) enables distribution grid operators to integrate and optimize energy assets with an objective to reduce the overall energy cost for a local distribution grid, also known as a microgrid. The MCS provides a simple yet effective solution to integrate fossil fuel based Distributed Energy Resou Read more...
The transformer-less UPS market is projected to grow at a CAGR of 11.42% during the forecast period of 2017-2023. Transformer-less uninterruptible power source (UPS), is a technology that doesn’t rely on the use of a transformer for its functioning. The need to save as much energy as possible, combined with increase legislative pressure, is driving industrial along with commercial entities toward the transformer less UPS technology. Today, uninterruptible power supplies (UPSs) are essential to Read more...
The Cable Conduit market was valued at US$5.070 billion in 2017 and is projected to grow at a CAGR of 10.25% over the forecast period to reach US$9.106 billion in 2023. Safety and security are considered as one of the priority concerns during installation of wiring systems. There is an increasing demand for safe and secure wiring systems in industrial and commercial sectors which is considered as the key driver for the growth of the market. Rapid urbanization in developing economies leads to inc Read more...
The total station market is projected to grow at a CAGR of 5.92% to reach US$2.325 billion by 2024, from US$1.647 billion in 2018. The demand for total station is increasing on account of growing construction spending globally. According to the United States Census Bureau, the construction spending in the United States increased from $1,077,350 million in 2008 to $1,246,000 million in 2018. Moreover, the number of infrastructure development project has been increasing rapidly, more specifically, Read more...
The Microinverter market is projected to grow at a CAGR of 19.66% during the forecast period. Microinverter is a device which converts direct current (DC) generated by solar cells to alternating current (AC). The demand for these inverters is increasing amongst the commercial sector on account of increasing electricity cost and longer installation duration of string inverters. Increasing research and development expenditure coupled with improvement in collaboration activities to introduce stat Read more...
The mobile substation market is projected to grow at a CAGR of 6.84% to reach US$1,192.187 million by 2023, from US$801.792 million in 2017. Mobile Substation is an autonomous system that has the ability to address a range of contingencies that a utility might face. It ensures temporary supply of energy during the time when the main station requires undergoing maintenance or refurbishment. Similarly, it offers temporary electricity solutions in areas which are affected by natural disasters or ev Read more...
Japan Smart Grid market report analyses the industry comprehensively through various segments–hardware and software.SegmentationThe Japan smart grid market has been segmented by functions, components, and services.By FunctionsGenerationTransmissionDistributionBy ComponentsHardwareTransformersCircuit BreakersSCADA DeviceSafety DevicesProgrammable Logic ControllersNetwork SensorsOthersSoftwareAdvanced Metering InfrastructurePower Delivery and Communication ManagementSub-Station AutomationAsset M Read more...
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