wiredinUSA December 2014

High voltage revenue research Economic growth and electrification in China, India, and parts of the Middle East and Africa are fuelling expansion of the HVTS (high voltage transmission system) market, while focus shifts to rebuilding and extending transmission infrastructure to utility-scale wind and solar projects in remote regions. A recent report from Navigant Research suggests that worldwide revenue from HVTSs is expected to grow from $20.8 billion in 2014 to $31 billion in 2023. “The dramatic expansion of high voltage transmission systems occurring today recalls the initial wave of electrification seen during the 20 th century in North America and Europe,” said James McCray, senior research analyst with Navigant Research. “Meanwhile, many existing HVTSs have been operational for 30 to 40 years or more, and are now approaching replacement and upgrade cycles, driving demand for all types of HVTS technologies.” According to the report, as these technologies become smarter and morepowerful, theassociated IT systemsusedtomanagecomplicated HVTS deployments are leveraging digital wireless sensors in every new pieceof equipment. With thecapital costs anduncertainty associated with new transmission grid and high voltage substation construction, utilities and grid operators are looking to utilize additional capacity on existing facilities and, wherever possible, avoid costly new transmission line construction.

wiredInUSA - December 2014 wire In - Dece er 2014

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