市場調查報告書
商品編碼
1563748
電網市場:依組件、依電源、依應用、依地區、機會、預測,2017-2031年Power Grid Market Assessment, By Components, By Power Source, By Application,By Region, Opportunities and Forecast, 2017-2031F |
預計全球電網市場規模將從2023年的2,697.7億美元成長到2031年的4,133.9億美元,2024-2031年預測期間內年複合成長率為5.48%。預計太陽能、風能和水力發電等再生能源將迅速加速發展,導致電網部署具有更大的適應性、電網靈活性和儲能解決方案。未來,隨著電網數量的增加,市場將出現巨大的商機,包括引進使用先進感測器、物聯網設備和通訊網路的智慧電網技術。這可以實現即時監控、增強故障檢測、提供更好的能源管理並提高營運效率。
向分散式發電模式的轉變,以及產消者或透過太陽能板和其他技術部分自行發電的消費者的增加,推動市場成長。分散式能源生產背後的技術必須整合到電網中,在電池系統和抽水蓄能等儲存方面取得重大突破。平衡間歇性再生能源發電可實現穩定的電力供應。
電動車的出現、充電基礎設施的發展以及高峰用電需求的增加,需要特定的電網管理並導致對電網的需求增加。此外,數位基礎設施的成長將需要保護電網免受自然災害和網路攻擊。網路安全措施和基礎設施升級等這些領域的投資將非常重要。
隨著都市化的快速發展,家庭、工業和企業的用電量迅速增加。未來的城市將需要大量能源來為其基礎設施、公共服務和技術進步提供動力。電動車、智慧家電和數位技術的日益普及將進一步拉動能源需求。隨著消費者電器數量的增加,對持續可靠電力的需求也增加。因此,世界各國政府都致力於透過新的配電網路和擴大電網來擴大能源供應。
從化石燃料轉向太陽能、風能、水力發電和生質能等再生能源的轉變是市場的主要驅動力之一。世界各國都在為再生能源的部署制定雄心勃勃的目標。將不可分配或可變間歇性再生能源整合到電網中的需求需要開發能夠管理波動供應的複雜系統。複雜的電路和配電網路需要升級,同時增加網路覆蓋範圍。因此,世界各國政府都致力於升級電網系統,以實現更好的能源分配。
本報告研究了全球電網市場,並提供了市場概述,包括依組件、電源、應用、區域趨勢和參與市場的公司概況。
Global power grid market is projected to witness a CAGR of 5.48% during the forecast period 2024-2031, growing from USD 269.77 billion in 2023 to USD 413.39 billion in 2031. Rapid acceleration towards renewable energy sources, such as solar, wind, and hydro, is expected, leading to the deployment of grids for better adaptability, grid flexibility, and energy storage solutions. The future holds significant opportunities for the market as the number of grids is expected to increase, including the deployment of smart grid technology using advanced sensors, IoT devices, and communication networks. This enables real-time monitoring, heightens fault detection, and delivers better energy management, along with higher operations efficiency.
In addition to the shift towards an increasingly decentralized power generation model, the increase in prosumers, that is, consumers who partly generate their own electricity through solar panels and other technologies, is driving the growth of the market. The technology behind decentralized energy production must be integrated into the grid, leading to huge breakthroughs in storage, such as in battery systems and pumped hydro storage. Intermittent renewable power generation balancing would make it stable and ensure the supply of power goes uninterrupted.
The advent of electric vehicles, the development of charging infrastructure, and the increased demand for electricity during peak hours would require specific grid management, leading to a higher demand for power grids. Furthermore, the growth in digital infrastructure would create a need to protect power grids from natural calamities and cyber-attacks. Investment in such areas in cybersecurity measures and infrastructure upgradation would be paramount.
For instance, in July 2024, Siemens AG launched Gridscale X, paving the way for autonomous grid management. It enables utilities to scale grid capacity and increase DER visibility, which is essential for grid decarbonization. With software that is simple to implement and quick to integrate into current IT and OT ecosystems, Gridscale X enables fast scaling of grid capacity, handling of complex distributed energy resources, and increased grid flexibility.
Energy Demand and Renewable Energy Integration to Transform Market Dynamics
Rapid urbanization escalates electricity usage in homes, industries, and businesses. Future cities will demand huge amounts of energy to power infrastructure, public services, and technological advancement. Increased use of electronic vehicles, smart appliances, and digital technologies further drives the demand for energy. As consumers increase their number of electronic goods, the demand for constant and reliable power rises. Hence, governments across the globe are focusing on multiplying the energy supply through the addition of new distribution networks and grids.
The transition of fossil fuels to renewable sources, such as solar, wind, hydro, and biomass, constitutes one of the significant drivers for the market. Countries around the world are setting ambitious targets for adopting renewable sources of energy. Non-dispatchable or variable intermittent renewable energy sources must be integrated into the grid, requiring the development of sophisticated systems capable of managing variable supply. Complex electrical circuits and distribution networks demand an upgrade while expanding the network range as well. Hence, governments across the globe are focusing on upgrading the grid systems for better energy distribution.
For instance, in May 2024, the United States government launched an initiative to modernize the electricity grid, targeting 21 states. The deployment's agenda is to enhance the capacity, reliability, and resilience of the nation's electricity grid. Arizona, California, Colorado, Delaware, Hawaii, Illinois, Kentucky, Maine, Maryland, Massachusetts, Michigan, New Jersey, New Mexico, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, Washington, and Wisconsin are the states that are taking part.
Technological Advancements and Mega Projects to Fuel Market Growth
Smart grid technology comprising real-time data management and automated demand response is expected to transform the power grid industry. The upgradation of energy storage systems, including battery storage and pumped hydro storage, is making the grids more efficient and safer. With the introduction of smart grids, real-time observation of energy flow is done through new sensors and communication technologies, hence enhancing operational efficiency and reliability. Utility companies are able to regulate consumer energy usage during peak times through incentives to customers to reduce consumption. Hence, the load is balanced, putting less strain on the grid. With the invention of technologies, such as lithium-ion and flow batteries, the excess energy generated from the source can be stored and used at times when high demand is required. This capability is more critical in the integration of solar and wind power into the grid.
The addition of microgrids along with renewable energy is expected to fuel the market growth. Microgrids can operate independently or in conjunction with the main grid, enhancing resilience and energy security, especially in remote or disaster-prone areas.
For instance, in July 2024, the Western Australian government and Horizon Power (Regional Power Corporation) announced the release of the renewable hydrogen microgrid. The system features a 348-kW hydrogen electrolyzer and a 100-kW fuel cell. City drinking water will be processed through a reverse osmosis system before being used by the electrolyzer.
Renewable Power Source to be the Fastest Growing Segment
Renewable power source is the fastest growing segment in terms of modern power grids. While conventional power sources hold the major market share, renewable energy is being considered as the energy of the future. With concerns around climate change, rising tides behind clean energy are turning out to be key global impetus. The protection of greenhouse gas output reductions is becoming a central trend for nations and organizations. Many countries have set ambitious sustainability targets, setting their sights on net-zero emissions in the mid-century, leading to higher investments in renewable energy technologies.
Technological progress would lead to better efficiency and performance in sunlight and wind energy technologies, and innovative forms of energy storage. These advancements yield greater power output and increased energy reliability. Nearly every country has implemented subsidies, tax incentives, and renewable portfolio standards (RPS), which promote greater renewable energy adoption. Such policies make it more economically advantageous for businesses and consumers to invest in renewable energy. Emerging economies such as China and India are focusing on the adoption of renewable energy through the expansion of grid networks specific to renewable energy transmission.
For instance, in April 2024, Power Grid Corporation of India, a state-owned corporation, won 3 transmission projects in a competitive bidding. The three projects would help evacuate power from renewable energy projects in Rajasthan and Gujarat. The Transmission System project is an effort to reinvent or renovate power for Rajasthan. The project entails building a new 765/400/220 kV pooling substation in Mandsaur, extending the Madhya Pradesh substation's related bays, and building a 765 kV D/C transmission line.
North America Dominates Power Grid Market Share
North America leads the share of the global power grid market. Higher investments, along with the modernizing grids, propel the region's growth in the market. Established infrastructures, along with rapid investments in grid modernization and usage of diverse energy sources, are expected to add value to the regional market. The power grid infrastructure of North America is well-developed and mature. Large transmission and distribution networks exist in the United States and Canada, providing ways for an efficient electricity supply. In the region, a decent energy mix of natural gas, coal, nuclear, and a rising share of renewables has been found to stabilize the grid and provide flexibility in meeting demand.
For instance, in February 2024, The United States Department of Energy (DOE) announced a Request for Proposals (RFP) for the second round of the Transmission Facilitation Program. On October 20, 2023, DOE declared that it started the first round of negotiations for a capacity contract worth up to USD 1.3 billion. The contract constitutes three transmission lines that cross six states and add 3.5 gigawatts of additional grid capacity across the United States, which is roughly equivalent to powering 3 million more people.
While North America leads the market share, Asia-Pacific is projected to be the fastest growing market. Rapid urbanization and industrialization, along with government initiatives and investments, are anticipated to accelerate the region's growth. There is a strong push toward adopting smart grid technologies and energy storage solutions, enabling better management of electricity supply and demand. This technological shift is supported by the public and private sectors.
Future Market Scenario (2024 - 2031F)
Power expansion projects, along with the advent of renewable energy, are anticipated to shape the market dynamics.
Technological advancements and the adoption of smart and microgrids are projected to propel the market growth.
Smart grid technologies with increased renewable integration are likely to add decentralized energy generation and hybrid systems.
Energy storage expansion and focus on cybersecurity are expected to add value to the market growth.
Key Players Landscape and Outlook
The power grid market is characterized by a diverse array of players, each with unique strategies to adapt to a rapidly evolving landscape. By focusing on innovation, partnerships, and sustainability, these key players are positioning themselves to thrive in the increasingly competitive and dynamic power grid environment. The landscape is expected to continue evolving as technological advancements and regulatory changes shape the future of energy delivery and consumption. Companies invest in renewable energy, smart grid technology, and grid modernization. The key competitors deal with regulatory compliance, customer engagement, and demand response.
In November 2022, General Electric Company launched a digital HYpact switchgear to make grids more predictable. The company's renewable energy grid solution business energized a new 123kV, 16.7Hz HYpact switchgear for DB Energie GmbH's 60-year-old Amstetten train station.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.