2024 Electricity Transmission And Distribution Outlook: Insights for Strategic Decision-Making
The electricity transmission and distribution market plays a key role in ensuring a steady power supply. It forms the core of modern power setup, helping electricity move from power plants to the end users.Â
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| Electricity Transmission and Distribution Market Statistics (2024) | Predictions and Insights | Source |
|---|---|---|
| 1. The US has invested USD 2.2 billion to rebuild the national power grid system. | The investment highlights that the US is reducing outages and improving electric transmission nationwide. | Contact us to view the source. |
| 2. China plans to invest over USD 800 billion in its electricity grid over the next six years to support its transition from coal power to renewable energy sources. | This massive investment will significantly enhance China’s grid capacity, and it will also ensure a stable and reliable energy supply while facilitating the integration of renewable energy. | Contact us to view the source. |
| 3. Power Grid Corporation of India has approved USD 79.03 million for two transmission projects in India. | With this investment, India will enhance its energy infrastructure by improving the efficiency and reliability of power transmission. | Contact us to view the source. |
Electricity Transmission And Distribution Market – Key Takeaways
With the increase in renewable sources and energy demand throughout the world, this market will keep upgrading infrastructure and implementing smart grid technologies to enhance efficiency and sustainability in electricity transmission and distribution.