Press release
Super Grids Market - Connecting the World with Clean Energy
Super grids are also known as “mega grid” or “smart grid” and is basically a combination of regional power grids that are interconnected with one another. In order to reduce global environmental footprint super grids are being utilized across the globe leveraging the shared efficiencies and capabilities. Some of the advantages of using super grids are building more efficient energy highways over long distance that transmits more power in less space then required, reduce the generation by sharing the reserves between interconnected regions and integrating large-scale renewable energy sources such as wind, hydro or solar with High Voltage Direct Current (HVDC) and Flexible AC transmission system (FACTS). Through a properly planned network of high-voltage transmission systems spanning across countries that enables integration of renewable power on a bulk scale pose a lucrative opportunity for various vendors. On the other hand, a need for a regulatory coordination and political support for such large scale project needs to be addressed. In addition, to the complexity of development process involved in a super grid.
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Advancement in infrastructure which consumes high energy input, as well as increase in the usage of renewable energy sources with the integration of conventional grid scale technologies, growing government spending in grid-scaling using HVDC transmission coupled with numerous numbers of planned projects using HVDC cables are some of the factors that would drive the growth of Super Grids market. In addition to the growing demand for electricity growing on a global basis and concerns over climate change are certain other factors to boost the super grid market. Cost issues related to the raw materials especially in developing countries and prolonged commercial licensing procedures are expected to hinder the growth of the super grids market to the certain extent.
Key Players -
Some of the key players in the global Super Grids market include ABB, Alstom Grid, Schneider Electric SA, Siemens AG, Alcan Cable, American Superconductor Corporation (AMSC), AZZ Incorporated, Bharat Heavy Electricals Limited (BHEL), China Electric Power Equipment and Technology Co., Ltd. (CET) and Companhia de Transmissao de Energia Eletrica Paulista (CTEEP) among others.
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Market Segments -
The global Super Grids market can be segmented on the basis of type, application and region. On the basis of type, the global Super Grids market can be segmented into Field Area Network, Grid Operations, Grid Security, GridBlocks Architecture, Transmission and Substation and utility networks. On the basis of application, the Super Grids market can be segmented into Commercial use, Industrial use, Public utilities and Others. On the basis of region, the global Super Grids market can be segmented into North America, Europe, Middle East & Africa, Asia-Pacific, and Latin America. In addition, North America and Europe super grids market accounts for a larger share in the global market.
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