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global super grid market trends analysis

Global Super Grid Market Trends, Analysis, and Forecast To 2025

Market Definition:

Super grids are also known as “mega grid” or “smart grid” and is basically a combination of regional power grids that are

interconnected with one another. In order to reduce global environmental footprint super grids are being utilized across

the globe leveraging the shared efficiencies and capabilities. Some of the advantages of using super grids are building

more efficient energy highways over long distance that transmits more power in less space than required, reduce the

generation by sharing the reserves between interconnected regions and integrating large-scale renewable energy

sources such as wind, hydro or solar with High Voltage Direct Current (HVDC) and Flexible AC transmission system

(FACTS). Through a properly planned network of high-voltage transmission systems spanning across countries that

enables integration of renewable power on a bulk scale pose a lucrative opportunity for various vendors. On the other

hand, a need for a regulatory coordination and political support for such large scale project needs to be addressed. In

addition, to the complexity of development process involved in a super grid.

Major Key Players:

Some of the key players in the global Super Grids market include ABB, Alstom Grid, Schneider Electric SA, Siemens AG,

Alcan Cable, American Superconductor Corporation (AMSC), AZZ Incorporated, Bharat Heavy Electricals Limited (BHEL),

China Electric Power Equipment and Technology Co., Ltd. (CET) and Companhia de Transmissao de Energia Eletrica

Paulista (CTEEP) among others.

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Market Segmentation:

Advancement in infrastructure which consumes high energy input, as well as increase in the usage of renewable energy

sources with the integration of conventional grid scale technologies, growing government spending in grid-scaling using

HVDC transmission coupled with numerous numbers of planned projects using HVDC cables are some of the factors that

would drive the growth of Super Grids market. In addition to the growing demand for electricity growing on a global

basis and concerns over climate change are certain other factors to boost the super grid market. Cost issues related to

the raw materials especially in developing countries and prolonged commercial licensing procedures are expected to

hinder the growth of the super grids market to the certain extent.

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Market

Region Analysis:

the global super grids market can be segmented

The global Super Grids market can be segmented on the basis of type, application and region. On the basis of type, the

global Super Grids market can be segmented into Field Area Network, Grid Operations, Grid Security, GridBlocks

Architecture, Transmission and Substation and utility networks. On the basis of application, the Super Grids market can

be segmented into commercial use, Industrial use, Public utilities and others. On the basis of region, the global Super

Grids market can be segmented into North America, Europe, Middle East & Africa, Asia-Pacific, and Latin America. In

addition, North America and Europe super grids market accounts for a larger share in the global market.

Major Points from Table of content:

Executive Summary

Research Methodology

Market Dynamics

Industry Overview

Global Super Grids Market, By Product (2017-2025)

Global Super Grids Market, By Regions (2017-2025)

Market Competition Analysis

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