Electric Power Transmission Network Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Electric Power Transmission Network Market

Electric Power Transmission Network Market

Electric Power Transmission Network Market  size was valued at over USD 36 billion in 2020 and is set to grow at a CAGR of around 4% between 2021 and 2028. Electric Power Transmission Network Market is expected to expand at a profitable rate. The movement of large amounts of electrical energy from power generating plants to substations is referred to as transmission of electric power. A distribution system network is used to further transmit electrical energy to demand centres and substations/population centres, with distribution serving as the last stop before reaching consumers. Because electrical transmission involves moving vast amounts of high voltage power across long distances, it differs from electrical distribution and requires different types of equipment. The fundamental parts of this process are cables, conductors, switches, circuits, convertors, capacitors, breakers, transformers, metres, etc., all with different capacities and properties . arc-fault circuit interrupters, HVDC, smart grid, variable frequency transformers, novel transformer core shapes, amorphous core transformers, and sulphur hexafluoride emissions reductions. Transformers (power, distribution, and other types), switchgear, and switchboard equipment are all in demand.

The loss of electrical energy during transmission and distribution is a significant issue that rivals in the market for electric power transmission and distribution equipment must address. It is necessary to design equipment that minimises loss over longer distances. The system’s power, dependability, frequency, voltage, and load factor capabilities must be developed to meet the needs of the customers while also being economically viable. Considering the expenditures made in them, equipment needs to be blackout, brownout, fault, fluctuation, and climate variation resistant. For this, options for wireless power transmission are also being investigated. Transmission and distribution equipment must adhere to industry-regulatory body-set quality, material, and performance standards as well as protective equipment guidelines and regulatory standards of the relevant governments.

The most crucial procedure in the natural gas sector is natural gas transportation. It comprises of an intricate network of pipelines that transport natural gas from diverse sources to customers in order to meet their needs. Transmission and distribution are the two main networks that make up the network. Transmission networks are used to move a huge amount of gas at high pressure across long distances from a gas source to distribution hubs. Distribution networks are used to route gas to specific customers . A good metric to use to gauge the overall effectiveness of a natural gas system is transportation efficiency. The natural gas network can be divided into the transmission network and distribution network based on the network’s purpose and, subsequently, the physical characteristics of its parts.

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Electric Power Transmission Network Market: Segment Analysis

Global Electric Power Transmission Network Market: Major Players
Enel (ENEL)
Iberdrola SA (IBE)
Tokyo Electric Power Company Holdings Inc (TEPCO)
Southern Company
Électricité de France SA (EDF)
Korea Electric Power Corporation (KEPCO)
Engie SA
Dominion Resources Inc.
General Electric Co
Duke Energy
National Grid PLC (NGG)
Exelon Corporation (EXC)
NextEra Energy Inc.
State Grid Corporation of China

Global Electric Power Transmission Network Market: Types

Global Electric Power Transmission Network Market: Applications

Insulation is not used to protect high-voltage overhead cables. Almost always an aluminium alloy, the conductor material is constructed into many strands and may or may not be strengthened with steel strands. For overhead transmission, copper was occasionally utilised, but aluminium is lighter, produces only a slight performance reduction, and costs significantly less. There are several businesses all around the world that provide overhead conductors as a commodity. Modern transmission circuits frequently use improved conductor materials and geometries to enable higher capacity.