Global Extra High Voltage (EHV) Transmission Systems Market: Overview
In order to transmit large amounts of electric power over long distances extra high voltage (EVH) transmission lines are leveraged. Extra-high voltage (EHV) facilitate transmission at 345, 400, 500, and 765 kV economically. The exact voltage required to qualify as an EHV transmission system differs from region to region. However, 765 KV is pegged as extra high voltage in most regions.
A report by Transparency Market Research segments the extra high voltage (EHV) transmission systems on the basis of overhead and underground wires. Currently, the EHV transmission systems market is ruled by overhead wires which form the bulk of the transmission system. Underground wires hold an insignificant share in the market, which going forward would not likely increase much. The report also segments the market based on the type of transmission system used into HVDC and HVAC systems. While HVAC has been much sought after for various utilities till now, HVDC is also seeing increased uptake these days on account of the massive requirements for transmission of bulk power notwithstanding the higher upfront costs. This is because it is beneficial in the long run due to its capacity to transmit large amounts of power.
Global Extra High Voltage (EHV) Transmission Systems Market: Trends and Opportunities
At the forefront of driving demand in the global extra high voltage (EVH) transmissions systems market is the massive demand of power and the growing efforts to thwart transmission related losses. When power is transmitted over long distances, just a small part of the original generation reaches the end user on account of the major power losses on the way. With fast depleting fossil fuels, which are still a primary source of power generation, prevention of such wastage has assumed added significance. EVH systems help to achieve this by bringing down unwanted loss significantly. Large power utilities worldwide are rapidly installing large scale EHV transmission systems to up efficiency.
Another factor filliping the market is the construction of power plants away from areas of consumption and closer to fuel supply centers on account of strict rules against emissions. As a result, large amounts of power have to be carried across long distances to cater to demand. This has substantially boosted adoption of extra high voltage transmission systems. The rapid building of national grids around the world is another factor bolstering demand of extra high voltage transmission systems.
Installation of EHV transmission systems require unique transmission tower specifications vis-à-vis height, the number of conductors, etc. Further, the type of EHV transmission system installed will also determine the type of substation to step-up, step down or to switch purposes.
Global Extra High Voltage (EHV) Transmission Systems Market: Regional Outlook
Geographically, the global market for extra high voltage transmission systems can be segmented into Europe, North America, Asia Pacific and the Rest of the World. Currently, Asia Pacific outshines all other geographical segments with maximum market share on account a pressing demand for power and the urgency to stem large power losses. Asia Pacific is trailed by the countries in the Middle East and Africa. The Latin America too has a lot of potential. North America is considered another market that holds out a strong promise of growth.
Companies Mentioned in Report
To present an accurate and detailed assessment of the competition prevailing in the global market for extra high voltage transmission systems, the report profiles players such as Alstom, Siemens, ABB Ltd., General Electric Company, Hitachi, Bharat Heavy Electricals Ltd., and Crompton Greaves Ltd.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.