Super Grid Market Growth and Forecast 2014 – 2020
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In most countries around the world, conventional grid infrastructure is obsolete and needs modernization.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.
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