Transparency Market
Research’s (TMR) new market study on the global super grid market
delineates the importance of robust power distribution networks as
integration of remote energy production units with conventional
distribution grids becomes necessary to fulfill energy needs. The
study is carried out for the North America, Europe, Latin America,
the Middle East and Africa, and Asia Pacific regions as to how super
grid technology is the futuristic technology for power distribution
networks. Production capacity, energy consumption, and
infrastructural investments are some of the indicators based on which
the super
grid market is analyzed globally and regionally for the 2014-2020
period. The title of this report is “Super Grid Market - Global
Industry Analysis, Size, Share, Trends, Growth, and Forecast 2014 –
2020” and it is available for sale on the company website.
The report says that
increasing energy needs across the world are the foremost reason
driving the global super grid market. To bridge the demand-supply gap
for energy as much as possible, leading energy companies are
formulating plans to tap into renewable sources of energy that are
present in abundance. Mostly located in remote areas, renewable
energy sources need to be connected with mainstream distribution
networks to offload production from conventional energy sources. Mega
grids or super grids, as these networks are known, employ super grid
technology for high-volume power transmission over long distances.
In most countries
around the world, conventional grid infrastructure is obsolete and
needs modernization. Employing advanced technologies, not only the
power handling capacity of this ageing grid infrastructure can be
augmented, but energy security is assured as well, since it is
transmitted through secure grids.
In renewable power
generation projects, lack of proper equipment is a major roadblock.
Lack of large-sized circuit breakers that can handle voltage
extremities is a barrier for power transmission to remote areas. To
overcome this, development of heavy-duty circuit breakers allows the
integration of DC output in conventional grids, which generally work
on alternating current (AC) systems. Conventional grids, if equipped
with high-voltage direct current (HVDC) cables, facilitate linking
regional and country-level grids. Government-sponsored high-volume
grid-scaling projects using HVDC transmission, along with several
small-size projects, will propel the growth of the super grid
market.
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Currently, the U.S.
is one of the dominant markets for super grids and contains some of
the most advanced super grid stations in the world. This includes the
Tres Amigas super grid converter station and some other basic
converter stations for connecting the Western, ERCOT, and Rasyern
electric grids.
The super grid
market in Europe is expanding steadily as well. Friends of Supergrid,
which is a consortium of global energy companies, is devising a
long-term plan for connecting North Africa and Europe using robust
transmission infrastructure.
About Us
Transparency Market
Research (TMR) is a global market intelligence company providing
business information reports and services. The company’s exclusive
blend of quantitative forecasting and trend analysis provides
forward-looking insight for thousands of decision makers. TMR’s
experienced team of analysts, researchers, and consultants use
proprietary data sources and various tools and techniques to gather
and analyze information.
TMR’s data
repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information.
With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research
techniques to develop distinctive data sets and research material for
business reports.
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