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wiredInUSA - December 2014
10
wire In - Dece er 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.