GBI Research: Transmission and Distribution Markets to See Major Growth as Power Demand Doubles from 2000 to 2030

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Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Global demand for electricity is expected to increase exponentially in the future, doubling between 2000 and 2030, according to GBI Research. Soaring demand levels in India and China are expected to drive government efforts to increase installed capacity.

The Asia-Pacific region is expected to increase investments in transmission and distribution (T&D) to supply more of its growing population with power, as industrial and economic growth also are expected to continue. A major factor driving these investments is that some developing nations are enforcing mandates, especially in rural areas, which is expected to boost growth in India, China and the Philippines.

GBI says that developed countries such as the U.S. and Germany have introduced legislation to support continuous investment in power infrastructure, turning to technologies that will upgrade their existing power infrastructures and improve power distribution service for consumers.

According to GBI, the demand for energy-efficient transformers is expected to grow as ageing T&D equipment provides opportunities for the replacement market, with infrastructural upgrades necessary to cope with increased electricity generation and consumption.

The global T&D market has become more competitive in the past few years, with more regional and multinational corporations participating. The market has grown from a value of $127 billion in 2012 to $301 billion in 2020, with a high compound annual growth rate (CAGR) of 11.3%, according to GBI.

For related information, see January 31, 2013, article - Transmission and Distribution: Grid Performance and Substation Upgrade Projects.

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