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North American Advanced High Voltage Transmission Technology Markets
Frost & Sullivan, July 2006
This Frost & Sullivan research service titled North American Advanced High Voltage Transmission Technology Market provides market trends, technology trends, revenue forecasts, as well as market share information. In this research, Frost & Sullivan's expert analysts thoroughly examine the following technologies: composite conductors, high voltage DC (HVDC), FACTS, and HTS.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Composite conductors
- Flexible AC transmission systems
- High voltage DC
- High temperature superconductor
Technologies
The following technologies are covered in this research:
- Composite conductors
- Flexible AC transmission systems (FACTS)
- High voltage DC (HVDC)
- High temperature superconductors (HTS)
Market Overview
Technological Advancements to Drive the North American Advanced High Voltage Transmission Technology Market
The power transmission and distribution (T&D) infrastructure in North America is in need of replacement or overhaul. The four technologies that can take on the pressure of additional transmission lines have been identified as composite conductors, flexible AC transmission systems (FACTS), high voltage DC (HVDC), and high temperature superconductors (HTS). Composite conductors, HVDC, and FACTS can help the situation in the near future by improving performance and efficiency of the T&D infrastructure. HTS seems to be the best bet for the medium to long term future because of its very high efficiency and capacity, says the analyst of this research service.
The grids in North America need to be improved upon without a huge capital investment due to tighter controls on utility expenditure. Therefore, composite conductors are likely to be very useful in the near future, as they can achieve the same capacity addition at less than 25 percent of the total replacement plan due to their superior high temperature performance. They are an apt solution for improving grid reliability and increasing revenues to utilities at a reduced cost of operation. The FACTS segment is also expected to develop because it helps increase the capacity, power factor, and reliability of the entire grid. HTS is still an emerging segment but there is tremendous potential for it in North America.
Low Cost, Reliability, and Competitive Pricing are the Keys to Cornering Market Shares
Lower costs and reliability achieved through improved power generation technologies will be pointless if the T&D infrastructure is not efficient. The way forward for the utilities is to improve the T&D infrastructure using some of the advanced high voltage transmission technology market. In fact, all developments in this industry are likely to be focused toward increasing reliability, decreasing costs, improving automation, and providing remote monitoring and diagnostics. Manufacturers must also focus on improving automation and providing remote monitoring and diagnostics, comments the analyst. This will help reduce the operations and maintenance costs. Intelligent systems being presently developed will also improve the optimal usage of all equipment using various smart predictive and preventive maintenance techniques.
The growing number of participants and increasing replacement operations in the industry are expected to intensify competition. This will result in an increase in the number of participants in the industry through widespread outsourcing of production activities. The entry of international organizations is anticipated to initiate service differentiation and companies that offer better value added services are expected to dominate the market.
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