Deep Dive:
Power Distribution, a report
published by Ken Research talks about the emerging trends in sector of power
distribution globally. The report talks about the overall power distribution
scenario, current developments and future prospects. It also contains
information about the future investment plans and current operations of the
utility companies from representative countries.
Electric
power distribution network has been expanding globally, both in terms of length
as well as capacity. In the period of 2007- 2017, significant developments were
witnessed in the field of power distribution. The major contributors to this
phenomenon were developed countries like USA, Russia and Japan and emerging
economies like India and Brazil. However the efforts for the development in
power distribution by both the categories of countries were in different
context. Developing countries are focussing more on just the expansion,
reaching out to the rural and remote regions and making the supply efficient,
thus increasing the grid access. On the other side developed countries are
moving in a direction to become service providers rather than being mere power
suppliers. Thus the business models are revamping themselves. With the market
already matured in these countries and high competition, utilities are now
focussing on service customization for individual customers. They are trying to
break into new technologies for their operational implementation as well as
services. Smart meters and IoT implementation have already entered the markets
in developed countries, which still remains a step in future plans of utilities
in developing countries.
Developing
countries are still working to increase the electricity access for consumers
and strengthen the grid. With markets still in the developing phase and less
competition, there is a wide scope for business and growth. Utilities in
countries like India, are simultaneously putting in efforts for bringing
innovation as well as technological implementation in their operations and
services, while increasing their customer base. With a scope for new entrants
in the market, utilities have started becoming more customer centric.
The
new trends in the industry are however becoming challenging for the power
distributors. The wave of digitalization is all over and every sector is
expecting a disruption. These phenomena will play a pivotal role in how the
utilities conduct their business operations in the near future. Another
important phenomenon taking place is the renewables. Utilities will have to
work towards integrating electricity produced from the renewables, in their
distribution networks. On top of that, things like geopolitical dynamics,
national commitment towards decarbonisation, changing political dynamics, etc.
call for adopting to new regulations and frameworks resulting out of these. A
good example is the global move towards electric vehicles adoption, a
phenomenon as this, will increase the power demand significantly.
Power
is very critical to the lifestyle and economic development of any country.
Increasing use of electronics and continuous technological innovation, coupled
with increasing incomes and access to markets, have and in future will demand
more and more electricity. Utilities will have to adopt the occurring changes
and plan to meet these demands.
The
geographic regions and respective companies from these regions covered in the
report are: North America (Duke Energy Corporation, FirstEnergy Corp, American
Electric Power Co Inc, Hydro One Networks Inc, Hydro-Quebec, Comision Federal
de Electricidad), Europe (Westnetz GmbH, Western Power Distribution Plc,
Iberdrola SA, Enel SpA, Enedis), Interregional Distribution Grid Company of the
South (IDGC of the South) PJSC), Asia- Pacific (Tenaga Nasional Berhad, Tokyo
Electric Power Company Holdings Incorporated, Maharashtra State Electricity
Distribution Co Ltd., P.T. Perusahaan Listrik Negara, Korea Electric Power
Corporation, Essential Energy ), Middle East and Africa (Tavanir, Saudi
Electricity Company, Eskom Holdings SOC Ltd, Kenya Power and Lighting Co Ltd,
Dubai Electricity and Water Authority) and South America (Cemig Distribuicao
S.A., Empresa Distribuidora Sur S.A., Codensa S.A. ).
For more information, click on the
link below:
Contact Us:
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91
9015378249
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