The electricity generation,
transmission, and distribution industry includes establishments involved in
generating, transmitting, and distributing electrical power. The companies
operating in the industry includes generation facilities that produce electricity,
transmission systems that transfer electricity from generation facility to the
distribution system, and distribution systems that transfer electrical power
received from the generation facility over the transmission system then to the
ultimate consumer.
These days the utility business
models have been continuously evolving from the traditional electricity
generation models by a new business models distributing generated power with
the cut costs models, and improving the overall transmission and distribution
systems. Now day’s there have been considerable increase in use of distributed
generation technologies. The distribution generation refers to a localized
power generation which use solar panels and other low-cost technologies
producing electricity close to the consumption point. The consumers are also
switching towards the cost-effective and much controlled and distributed
generation networks, therefore power generation companies now focus on the
renewable/solar generation distributed power generation rather than a
centralized electricity generation model.
According to the study “Electric
Power Generation, Transmission, And Distribution Global Market Report
2019” Some of the key manufacturers operating in the global electric power
generation, transmission, and distribution market include Mitsubishi Electric,
ABB Ltd., Tebian Electric Apparatus Stock Company Limited, Osram AG, Eaton,
BHEL, Siemens AG, GE, Larsen & Toubro, Acme Electric Corporation, Crompton
Greaves, Schneider Electric, Kirloskar Ltd. etc.
The generation, transmission, and
distribution market is segmented into Power Generation and Power Transmission,
Control and Distribution. The electricity Generation segment refers to
generation of electricity by different sources such as hydro, fossil fuels,
solar, nuclear wind and biomass. Moreover, the power generation companies are
now been increasingly focusing on use of batteries for storing solar energy
over the daylight hours. These energy-storage consists of a large scale
lithium-ion batteries. These batteries store adequate energy for serving as a
back-up in case of fuel shortages. The power generation, transmission and
distribution systems are capital intensive, further requires increase in
transmission and distribution efficiencies and reducing of operational costs.
Across the world, distribution
network segment are ageing & inefficient, suffer from power thefts, and are
becoming increasingly complex & integrating various smart technologies. The
prevalence of distributed energy technology has changed the mode of interaction
between the consumer and the grid. Based on market development, nation-states
with established distribution networks are focused on transitioning the power
systems to lessen environmental impacts or on gradual replacement of ageing
assets. Developing markets are facing various challenges associated to evolving
of power generation mix, lack of distribution capacity, power curtailment,
power thefts, market reformation, growing urban population, and lack of
technical intervention for supporting the grid transformation.
Based on geography, the
Asian-Pacific region holds major share in global electric power generation,
transmission, and distribution market owing to increase in consumption of
electricity in both developed and developing countries in the region.
Additionally, the European and North-American regions are estimated to witness
higher growth rate due to growth in economy and rise in government initiatives
for energy infrastructure over the forecast period. In near future, it is
estimated that the market will be reached at rapid pace on account of growth in
improvements in power generation technologies during the forecast period.
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