Switchgear Market Worth $136.71 Billion by 2019 - Largest markets Asia Pacific and util... - 0 views
Driven by rapid economic growth and electrification in China, India, and parts of the Middle East and Africa, the high-voltage transmission system (HVTS) market is expanding globally. At the same time, the HVTS vendor landscape is changing as focus shifts to rebuilding and extending transmission infrastructure to utility-scale wind and solar projects in remote regions.
The greatest growth of spending for utilities is expected in sub-Saharan Africa where an annual rate of 10.4% between now and 2025 is forecasted.
Spending for electricity production and distribution is expected to rise from $15 billion in 2012 to $55 billion, while expenditures for improvements in water and sanitation services are forecasted to increase from $3.3 billion in 2012 to about $10 billion by 2025.
A substantial increase in spending in the basic manufacturing sector is expected in sub-Saharan Africa. Annual spending in the chemical, metals and fuels sector is forecasted to increase across the seven major African economies to $16 billion, up from about $6 billion in 2012.
The first is from the FT and reviews the quiet but steady migration from the use of copper to aluminum for the transmission of electrical power. In Europe and the US, we are familiar with the widespread use of All Aluminum Cables (AAC) for the long distance transmission of high voltage electrical power, but in other parts of the world — often parts of the world undergoing the most rapid development of transmission systems such as Asia — copper is still the majority. In Western countries, the article quotes a producer as saying, roughly 60% of overhead and insulated power cables are made of aluminum but in the Gulf region and China it is only about 25%.