1. The total primary energy consumption in the U.S. was recorded at 101.3 quadrillion Btu in 2018 and is expected to witness consistent growth over the years, owing to the surging penetration of data centers and large communication base stations across the region.
2. High-voltage cables allow power transmission at high voltages to meet business demand and with proper insulation and conductors, are also suitable for deployment underground and underwater.
3. The rapid rate of infrastructural development in emerging nations across Asia-Pacific is driving the need to set up robust electrical connectivity and transmission solutions, propelling high voltage (HV) cables deployment.
4. Global Market Insights, Inc., has projected that global HV cables market size will reach over USD 29 billion by 2025, driven by consistent demand from utility and industrial applications.
ROLE OF HV CABLES IN THE UTILITY SECTOR
1. The power sector in emerging economies is undergoing a significant change due to the increasing establishment of manufacturing units, commercial establishments, retail brands and residential townships.
2. Due to the relatively cheaper cost of labor and raw materials, many foreign companies are establishing their base in countries like India, Malaysia and China. As of May 2019, the total installed capacity of power stations across India stood at 356.82 Gigawatt (GW).
3. Reportedly, earnings across the utility firms in South and Southeast Asian nations is estimated to witness a growth by 4% from 2018 to 2020 due to higher prices of commodities, economic growth and infrastructural development supported by the governments. The upsurge in utility revenue will complement high voltage cables industry trends in the near future.
OVERHEAD HIGH VOTAGE CABLES
1. Overhead transmission systems are preferred to facilitate electricity lines across vast distances. Many HVDC systems use overhead cable lines due to extremely high-power transmission capabilities over long distances at a relatively cheaper cost.
2. The New York State Public Service Commission has approved a project of the New York Power Authority (NYPA) in 2019 to rebuild its existing 230-kV overhead transmission lines infrastructure. The line extends nearly 86 miles. The project would support the growing supply of hydro-power and other renewable energy in Upstate New York as well as Canada.
3. Expanding utility sector in Middle East and Africa is continuously driving the need for HV cables to cater to a growing economy. The Egyptian Electricity Transmission Company is completing a 170 km long double circuit transmission line project for the Toshky transmission plant, which holds the capacity of 220/66 kV and the amount of electricity to be transmitted is estimated at 400 megawatts.
UNDERGROUND CABLE INFRASTRUCTURE
1. Underground high voltage cables have gained widespread adoption across the globe since they have relatively smaller voltage drops, low maintenance cost and low chances of developing faults.
2. They are used for power applications in places where it is dangerous, difficult or impractical to use overhead lines. Underground HV cables are commonly used in densely populated areas, factories and in disaster-prone regions, often hit by earthquakes or cyclones. They are safe and minimize incidences of electrocution.
RENEWABLE SOURCES OF ENERGY
1.The surging deployment of grid-connected renewable infrastructure will fuel the demand for technologically efficient circuitry components to sustain the fluctuating frequency integration.
2. Combining renewable systems with micro-grid networks will create increased need to deploy HV cables. Power supply is often subject to volatility in frequency and varying wavelengths, requiring a robust and effective circuit monitoring control.
3. Europe has witnessed a considerable shift towards the adoption of energy-efficient power generation and transmission systems. The Energy Efficiency Directive in the EU established a binding rule that focused on helping the region reach its 20% energy efficiency target by 2020.
4. The region aims at increasing the connectivity between national power grids for meeting the demand and supply of electricity, reducing power outages, as well as counter shortages and fluctuating prices.
5. The EU has established various targets such as a 15% transmission capability for every individual national power grid by the end of 2030. Approximately 44,700 km of refurbished or new power lines across the region will be set up to achieve the same.
6. High voltage cables market trends are primarily driven by the need to establish a strong electricity infrastructure and integrate sustainable power generation within national grids.
(Source: https://www.utilityproducts.com/transmission-distribution/article/14074198/meteoric-rise-in-demand-of-hv-cables-in-utility-sector )
