Current Business Affairs Global Super Grids Market 2018

Global Super Grid Market Trends, Analysis, and Forecast To 2025
Market Definition:
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 than 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.
Major 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 Segmentation:
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.
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Market
Region Analysis: