•  
Siemens: RuggedCom RSG2488 New Timing CapabilitiesAdvertisement
BACK SEND PRINT

Investment in High Voltage Transmission Systems Will Exceed $250 Billion from 2014 to 2023, Forecasts Navigant Research
Major expansions to transmission systems are happening in all regions of the world, report finds



Aug 14, 2014

The dramatic expansion of high-voltage transmission systems (HVTSs) occurring in Asia Pacific, Latin America, the Middle East, and Africa recalls the initial wave of electrification and transmission system growth that was seen during the 20th century in North America and Europe. In particular, the electrification of rural areas and the interconnection of formerly standalone utilities are fueling demand for longer transmission lines. Click to tweet: According to a new report from Navigant Research, cumulative investment in HVTSs will surpass $250 billion from 2014 to 2023.

'The HVTS market will see tremendous capital investment over the next 10 years, as the infrastructure that was installed in the post-World War II era ages out, coal and nuclear generation is retired, and new utility scale renewable wind and solar generation is installed in remote areas,' says James McCray, senior research analyst with Navigant Research. 'As these technologies become more powerful and smarter, the associated IT systems used to manage complicated HVTS deployments now leverage digital wireless sensors in every new piece of equipment, enabling better visibility on the performance, health, and capacity of the transmission system at every point along the way.'

The HVTS vendor landscape is also changing, according to the report, as the focus shifts to rebuilding and extending transmission lines to utility-scale wind and solar in remote regions and deploying mega-scale HVTS infrastructure across China, India, and parts of Africa. These efforts will create significant markets over the next decade, and companies like General Electric, with its joint venture agreement with China XD Group and its merger proposal with Alstom, are looking to expand their product manufacturing, sales, and delivery capabilities in all regions.

The report, 'High Voltage Transmission Systems', analyzes the global HVTS market, with a focus on seven technologies: high voltage direct current, high-voltage alternating current, submarine cables, flexible AC transmission systems, asset management and condition monitoring, supervisory control and data acquisition, and substation automation. The report provides an analysis of the market issues, including drivers and challenges, as well as regional trends and opportunities, related to HVTS solutions. Global market forecasts for revenue, segmented by technology and region, extend through 2023. The report also provides technical descriptions of the primary technologies that represent the main components of the HVTS grid and profiles the key industry players. An Executive Summary of the report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.

* The information contained in this press release concerning the report, 'High Voltage Transmission Systems,' is a summary and reflects Navigant Research's current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

For more information :

Organization:
Navigant Research
Address:
1320 Pearl Street, Suite 300
Boulder, Colorado
United States, 80302
www.navigantresearch.com

Contact person:
Richard Martin
Navigant Research
Tel: +1-303-493-5483
E-mail: richard.martin@navigant.com

Contact person:
Laverne Murach
Navigant Research
Tel: +1-202-481-7336
E-mail: laverne.murach@navigant.com


Link http://www.electricenergyonline.com/detail_news.php?ID=491753
BACK SEND PRINT
Most consulted news

Contact us

Jaguar Expo Inc
1160 rue Levis, Suite 100
Terrebonne (Quebec) J6W 5S6

Tel.: 450-471-0796
Toll free: 888-332-3749
Fax: 450-471-5443 . 888-243-4562

info@electricenergyonline.com
www.electricenergyonline.com

  Press

  Jobs

  Events

  Subscription

  News

  Magazine

  News on your smartphone

© 2014, Jaguar Media inc. All rights reserved. 1996-2014