AFD and Eskom commit to a competitive electricity sector Low carbon, solar future could increase jobs in the future – SAPVIA UNDP China, CCIEE launch report to facilitate low-carbon development Finance and Policy Generation BRICS TAGSChinaconductorsGlobalDataIndiamarket analysispower distributionPower transmissionUS Previous articleFifteen initiatives fighting climate change, honoured at COP24Next articleUS strategy to recapture the African market Guest ContributorThe views expressed in this article by the author are not necessarily those of the publishers and/or association partners. While every effort is made to ensure accuracy, the publisher and editors cannot be held responsible for any inaccurate information supplied and/or published. RELATED ARTICLESMORE FROM AUTHOR Featured image: Stock The global power transmission and power distribution conductors’ markets are expected to grow with a CAGR of 4.3% and 2.91% respectively, during 2018–2022. According to GlobalData, the growth in these markets will be primarily due to increased activity within the US, China and Indian markets.The aggregate market value of the above-mentioned countries is estimated to hold 63.7% and 41% of the global power transmission and power distribution markets in 2022.The company’s latest report Power Transmission and Distribution Conductors, Update 2018 – Global Market Size, Competitive Landscape and Key Country Analysis to 2022 reveals that the global market for transmission and distribution conductors is projected to grow due to rising electricity demand, growing deployment of generation assets, improving reliability and auxiliary support, climate change, government initiatives, and the need to replace old assets.The support for renewables such as offshore wind, distance disparity between generators and consumer loads, and utilisation of direct current (DC) mode of transmission is driving the global transmission conductors market. Read more: Eskom receives extra loan to strengthen its power transmission gridCountries such as South Africa and some within the EU have proposed transmission corridors to support the development of an inter-regional grid to enhance reliability, relieve power flow congestion, and reduce retail prices. The distribution segment is poised to face a market transformation.Distribution networksDistribution network segments across the world are aging, inefficient, suffer from power thefts, and are becoming increasingly complex, integrating various smart technologies.The prevalence of distributed energy technologies has changed the mode of interaction between the consumer and the grid.Based on market development, nations with established distribution networks are focused on transitioning their power systems to reduce environmental impacts or on gradual replacement of aging assets.Developing markets face various challenges such as evolving power generation mix, lack of distribution capacity, power curtailment, power thefts, market reformation, growing urban population, and lack of technical intervention to support grid transformation.Power transmission conductors marketGlobalData’s report also finds that in the forecast period, China, India and the US will be the largest markets for power transmission and power distribution conductors.The power transmission conductors market in China is expected to grow with a CAGR of 9.79% to reach $1.91 billion in 2022, while the India market is expected to grow with a negative CAGR of 2.85% to reach $1.13 billion in 2022.Rural electrification, improving rates of access to electricity, and growing urban populations are driving the distribution markets in China and India.The power distribution conductors market in China would grow with a negative CAGR of 0.32% to reach $1.4 billion in 2022, while the India market is expected to grow with a CAGR of 2.69% to reach $2.7 billion in 2022.The US market is well-established and comprehensive; however, it has a significant number of assets that are aging and unable to cope with the complexity of the power flows due to technology integration.The retrofitting and upgradation of distribution assets, smart grid projects, and distributed energy generation contributed to the market growth and will continue to do so in the forecast period.Other factors including development of integrated energy systems, electric mobility, grid resilience, and conversion to underground cabling are also expected to impact the market.The power transmission conductors and power distribution conductors are expected to reach $1.1 billion and $5.7 billion in 2022, growing with a CAGR of 9.6% and 2.95%, during the forecast period.