According to the latest report, the global transmission and distribution and control market scale exceeded $1.4 trillion in 2017, reaching $1,439 billion.
In 2017, the global transmission and distribution and control market exceeded US$1.4 trillion
The transmission, control and distribution markets include all transmission and distribution systems and network control and related component markets, from the generation end to the customer end.
Geographically, in 2017, the Asia-Pacific transmission, control and distribution market reached 600 billion US dollars, accounting for 41.7% of the global market. Among them, China is the largest market in the Asia-Pacific region, with a scale of US$ 286.3 billion, accounting for 19.9%.
From a business perspective, global power transmission companies (grid companies) are using hybrid power grids to transmit power over long distances at lower cost. The hybrid grid uses a combination of high voltage direct current (HVDC), alternating current and direct current systems to transmit power.
These systems provide end users with more affordable, reliable and sustainable energy. For example, Huawei, China's leading provider of communications technology, is using hybrid power grids to deliver electricity to poor grid areas.
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