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Electric Power Transmission & Distribution (T&D) Infrastructure Market Will Generate Over $284 Bn In
Power sector investment has been driven by the growing electricity demand across the world. Electricity demand, the increasing capacity of renewable energy and creation of new power plants rely on reliable connections to the power grid, the construction of new transmission and distribution (T&D) lines and the refurbishment of old infrastructure. This can be achieved through the construction and deployment of T&D systems. The reinforcement and construction of T&D infrastructure is expected to receive growing interest alongside the development of renewable energy generation and energy storage technologies. The diversification of the energy mix and greater renewable energy penetration requires additional focus on power system management and power transmission improvements. Interest in T&D systems partly stem from a technological perspective, aligned with the need to reduce transmission losses and improve transmission efficiencies.
The lead analyst for this report states: "Electric Power T&D Infrastructure market is expected to witness a high growth on account of ongoing government plans toward expansion of transmission and distribution network . Increasing measures by the government to facilitate efficient and reliable electrification benefits and decentralised electricity supply will boost the demand for Electric Power T&D Infrastructure globally. Measures toward grid prevention and blackouts will embellish the demand for automation across substations. In addition, government aim to provide reliable and continuous electric supply will positively impact T&D expansion over the coming years. "
The Electric Power Transmission & Distribution (T&D) Infrastructure Market Forecast 2018-2028: Forecasts and Analysis by Network (Transmission, Distribution)
Notes for Editors
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