市场调查报告书
商品编码
1563748
电网市场:依组件、依电源、依应用、依地区、机会、预测,2017-2031年Power Grid Market Assessment, By Components, By Power Source, By Application,By Region, Opportunities and Forecast, 2017-2031F |
预计全球电网市场规模将从2023年的2,697.7亿美元成长到2031年的4,133.9亿美元,2024-2031年预测期间内年复合成长率为5.48%。预计太阳能、风能和水力发电等再生能源将迅速加速发展,导致电网部署具有更大的适应性、电网灵活性和储能解决方案。未来,随着电网数量的增加,市场将出现巨大的商机,包括引进使用先进感测器、物联网设备和通讯网路的智慧电网技术。这可以实现即时监控、增强故障检测、提供更好的能源管理并提高营运效率。
向分散式发电模式的转变,以及产消者或透过太阳能板和其他技术部分自行发电的消费者的增加,推动市场成长。分散式能源生产背后的技术必须整合到电网中,在电池系统和抽水蓄能等储存方面取得重大突破。平衡间歇性再生能源发电可实现稳定的电力供应。
电动车的出现、充电基础设施的发展以及高峰用电需求的增加,需要特定的电网管理并导致对电网的需求增加。此外,数位基础设施的成长将需要保护电网免受自然灾害和网路攻击。网路安全措施和基础设施升级等这些领域的投资将非常重要。
随着都市化的快速发展,家庭、工业和企业的用电量迅速增加。未来的城市将需要大量能源来为其基础设施、公共服务和技术进步提供动力。电动车、智慧家电和数位技术的日益普及将进一步拉动能源需求。随着消费者电器数量的增加,对持续可靠电力的需求也增加。因此,世界各国政府都致力于透过新的配电网路和扩大电网来扩大能源供应。
从化石燃料转向太阳能、风能、水力发电和生质能等再生能源的转变是市场的主要驱动力之一。世界各国都在为再生能源的部署制定雄心勃勃的目标。将不可分配或可变间歇性再生能源整合到电网中的需求需要开发能够管理波动供应的复杂系统。复杂的电路和配电网路需要升级,同时增加网路覆盖范围。因此,世界各国政府都致力于升级电网系统,以实现更好的能源分配。
本报告研究了全球电网市场,并提供了市场概述,包括依组件、电源、应用、区域趋势和参与市场的公司概况。
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.