Transparency Market Research, New York: The electricity transmission & distribution EPC market in Germany, Switzerland, and Austria (GSA) was valued at US$ 380.9 Bn in 2019 and is anticipated to expand at a CAGR of 3.5% during the forecast period. In terms of voltage, the low segment accounted for a major share of the electricity transmission & distribution EPC market in GSA in 2019. Increase in demand for electricity in residential and small commercial establishments is a key factor driving investments in development of low voltage distribution lines. In terms of installation, the underground segment held a significant share of the electricity transmission & distribution EPC market in GSA in 2019. The introduction of several projects by transmission system operators to build an underground HVDC transmission line in offshore areas is boosting investments in development of underground lines. Based on service, the procurement segment of the electricity transmission & distribution EPC market in GSA is anticipated to expand at a rapid pace during the forecast period.

Request for Covid-19 Impact Analysis on GSA Electricity Transmission & Distribution EPC Market: https://www.transparencymarketresearch.com/Covid19.php

Major Drivers of GSA Electricity Transmission & Distribution EPC Market

The adoption of renewable energy has been increasing significantly since the last few years due to rise in efforts toward de-carbonization of the energy sector through scaling up of renewable capacity and progressive decommissioning of conventional plants. According to Enerdata, the share of renewable energy sources (including hydropower) in electricity production stood at almost 26% in 2018, an increase of nearly 1% over that in 2000 in the European Union. The rise in adoption rate of renewable resources has led to fluctuation in electricity output. This has resulted in increased concerns about grid stability. Significant investment is required in T&D infrastructure to ensure grid stability.

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php

 

Electricity transmission & distribution EPC plays a key role in the development of T&D infrastructure. An electricity transmission & distribution EPC contractor provides engineering design and procures equipment, thus offering functioning product for the client’s asset. The growth in investment in development of transmission & distribution infrastructure due to rise in adoption of renewable energy is estimated to augment the electricity transmission & distribution EPC market in GSA during the forecast period.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/78727

 

Prominent Contracts and Acquisitions in GSA Electricity Transmission & Distribution EPC Market

In July 2020, General Electric won a contract from RWE for the construction of the high voltage direct current (HVDC) electrical transmission system for the 1.4GW Sofia offshore wind farm to be located 195km in the English North Sea. The consortium of GE Renewable Energy’s Grid Solutions and Sembcorp Marine is estimated to supply and construct the HVDC system for Sofia, a prominent global offshore wind farm. In November 2015, Renewable Energy Systems Ltd. (RES) acquired the assets of System 3 Inc. based in California, the U.S. System 3 Inc. specializes in the construction of substations and transmission lines. The acquisition enabled Renewable Energy Systems Ltd. to consolidate its market share and diversify its services into utility infrastructure and transmission construction.

Purchase Premium Research Report on GSA Electricity Transmission & Distribution EPC Market @ https://www.transparencymarketresearch.com/checkout.php

 

Germany Leads GSA Electricity Transmission & Distribution EPC Market

Germany dominated the electricity transmission & distribution EPC market in GSA in 2019. The dominance of Germany in the electricity transmission & distribution EPC market in GSA can be ascribed to increase in investments in development of offshore wind power projects. The electricity transmission & distribution EPC market in Switzerland is anticipated to expand during the forecast period, owing to the increase in investments in refurbishment and replacement of aging electrical grid infrastructure. The electricity transmission & distribution EPC market in Austria is likely to expand at a moderate pace during the forecast period. The introduction of planned investment in development of transmission grid infrastructure to maintain grid security is a key factor driving the electricity transmission & distribution EPC market in the country.

Competition Landscape of GSA Electricity Transmission & Distribution EPC Market

The electricity transmission & distribution EPC market in GSA is dominated by several local and national players. Thus, the electricity transmission & distribution EPC market is fragmented. Prominent players operating in the electricity transmission & distribution EPC market in GSA include ARTECHE, Fluor Corporation, Europower Energie B.V., Eltel Networks, GOPA-International Energy Consultants GmbH, GENERAL ELECTRIC, Renewable Energy System Limited, Bechtel Corporation, Nuberg, EPC Solutions, IFM – Internationale Freileitungsmontage A.S., STEAG GMBH, and ZTT.

Browse Latest Reports by TMR: https://www.transparencymarketresearch.com/latest.htm

 

GSA Electricity Transmission & Distribution EPC Market: Segmentation

GSA Electricity Transmission & Distribution EPC Market, by Voltage

  • Low (200V or 400V)
  • Medium (6kV-60kV)
  • High (60kV- 110kV)
  • Extra High (110kV-380kV)
  • Ultra-high (Above 380kV)

 

GSA Electricity Transmission & Distribution EPC Market, by Installation

  • Overhead (Transmission and Distribution)
  • Underground (Transmission and Distribution)

 

GSA Electricity Transmission & Distribution EPC Market, by Service

  • Engineering
  • Procurement
  • Construction

 

GSA Electricity Transmission & Distribution EPC Market, by Component

  • Towers
  • Cables
  • Transformers
  • Switchgears
  • Insulators
  • Others (Including Controller)

 

GSA Electricity Transmission & Distribution EPC Market, by Country

  • Germany
  • Switzerland
  • Austria

 

Browse Latest Reports by TMR: https://www.transparencymarketresearch.com/latest.htm

 

Explore Transparency Market Research’s award-winning coverage of the global Energy & Natural Resources Industry, 

Environmental Testing Market – Based on the sample, the market has been segmented into wastewater/effluent, soil, air, and water. The wastewater/effluent testing segment dominated the global environment testing market in 2015. It was followed by the soil testing segment in the same year. The wastewater segment is estimated to hold a significant share of the market during the forecast period. Generation of wastewater is poised to increase with the growth in industrial activities. This is projected to drive the market environmental testing. The rapid urbanization and industrial boom are responsible for increasing the air and water pollution. Growing number of automobiles running on non-renewable sources contribute significantly to the air pollution. Stringent policies by the governments and regulating bodies with regard to air and water pollution are projected to fuel the global environmental testing market.

Solar Control Window Films Market – Solar control window films, as compared to generic window films, are not a subject to rigorous testing. However, standards have been formulated to maintain a quality level in the market. ANSI Standards ASTM D1044-93 and ASTM E903 relate to abrasion resistance and UV/solar transmission property, respectively. Major players operating in the solar control window films market follow these standards so as to ensure the quality of their raw materials and finished products.

Weather Forecasting Services Market – Increasing incidence of natural disasters due to undesired climatic changes and subsequent security concerns are propelling the market for weather forecasting services. Advanced and reliable weather forecasting achieved within the stipulated time can lead to significant cost savings and also help with protection against catastrophes and natural disasters. Weather forecasting services are based on complex models due to which the industry requires trained meteorologists and geologist to operate the weather forecasting systems. Therefore, a dearth of trained workforce may hamper the market. However, technological advancements in computing system such as advanced data analytics, model development and machine learning tools and techniques are likely to provide new opportunities to players involved in weather forecasting services.

Carbon Dioxide Enhanced Oil Recovery Market – Carbon dioxide enhanced oil recovery has been widely adopted in North America for a long period of time as a method of obtaining oil from mature reserves. Hence, the market for carbon dioxide enhanced oil recovery in this region is expected to witness rapid development in the next few years. Middle East & Africa offers excellent potential for this market due to the multitude of oil reserves present in the region as well as the various mature oil wells that are yet to be explored. The market for carbon dioxide enhanced oil recovery in Asia Pacific is in its developmental stages and this technique is yet to be adopted on a full-fledged basis by a majority of the countries here. Europe is home to a reasonable number of oil reserves which is predicted to lead to the expansion of the carbon dioxide enhanced oil recovery market here in the future. However, the market in Latin America is likely to advance at a comparatively sluggish pace due to the limited oil reserves and thereby, scope of application in the region.

Explore More Upcoming Reports: https://www.transparencymarketresearch.com/upcoming.htm

 

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

 

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/gsa-electricity-transmission-and-distribution-epc-market.htm
Website: http://www.transparencymarketresearch.com