The US faces significant challenges, including lengthy approval processes, bureaucratic hurdles, and a growing interconnection queue that delays the implementation of crucial transmission projects. Addressing these limitations is not just a matter of efficiency but a...
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Market Overview of APAC
Asia Pacific power transformer market has a massive 50% global market share. Power transformers are roughly half of the spend at major utilities around the world within the mid-to-high voltage categories. This infographic has the details of key countries contributing...
Adoption of Asset Health Monitoring Solutions for Power Grid Equipment
• Power transformers and HV switchgear are usually the most valuable assets in a substation, requiring proper monitoring and maintenance. • Cost-benefit analysis is a vital tool that helps electric utility companies, regulators, and grid operators in making...
APAC’s Push for Renewables and Rising Energy Intensive Industries Drive MV Switchgear Market
• The economy of the Asia Pacific region has grown significantly over the last few decades and currently contributes a significant fraction to the global GDP.• The MV switchgear market of APAC is driven by the deployment of renewables, an increase in electricity...
Powering the Planet: The Adoption of SF6-Free High Voltage Switchgear for a Sustainable Future
In order to mitigate the impact of climate change across the globe, GHG emissions must be curtailed and reach net-zero by 2050. Globally, the power sector is a significant contributor to GHG emissions. Moving forward, there will be an increase in the adoption of...
Use of SF6-based Switchgear in Renewables Leading to Emissions
Following the landmark Paris Agreement in 2015, governments across the globe set renewable energy targets to combat climate change. SF6 is a potent greenhouse gas, with a global warming potential that is 25,200 times higher than CO2. If the usage of SF₆ in MV...
Overview of VSC & LCC Market (2016-2020)
With a global increase in energy demand, there is an apparent trend shift in the power grid with emphasis on decarbonization and digitization. Consequently, we see the growth of intermittent distributed energy resources. This trend shift is causing HVDC to become one...
The Role of HVDC in the U.S. Energy Transition
In 2020, coal production in the U.S. declined 24% year over year accounting for the lowest coal production since 1965 (per . Electricity generated from renewables has been growing and surpassed generation from coal in 2020. President Biden has set a target to install...
Developments in the HVDC market in 2020
The imposition of global lockdowns to curtail the spread of pandemic in 2020 significantly reduced the electricity demand. According to International Energy Agency (IEA), electricity demand dropped 2% making it the largest drop in demand in the last 50 years and far...
Climate worries pushing manufacturers away from Coal
Globally there is a growing consensus to move towards less carbon intensive power generation in a bid to tackle pollution and environmental concerns. This consensus is reflected in the decline[SS1] [KM2] of coal consumption in 2019, although there are disparities...