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Grid Modernization Efforts Stabilize Demand for T&D Services in North America Finds Frost & Sullivan - Demand for contract services rise following large investments in T&D infrastructure - Frost.com
Grid Modernization Efforts Stabilize Demand for T&D Services in North America Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2014/10/14 - Demand for contract services rise following large investments in T&D infrastructure - Frost.com.

   
 
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The Environmental Protection Agency’s (EPA’s) impending regulation to lower power plants’ carbon emissions is projected to shape demand for T&D services. Working towards the goal of cutting emissions by 30 percent by 2030 from the 2005 levels, utilities have already achieved reductions of 14 percent. Ongoing work in terms of network renewal, new generating capacity, and reconfigurations will translate into revenue growth for the transmission and distribution (T&D) services market.

New analysis from Frost & Sullivan, Analysis of the North American Transmission and Distribution (T&D) Services Market, finds that the market earned revenues of $20.43 billion in 2013 and estimates this to reach $20.94 billion in 2018. Key market segments of T&D services are engineering and consultancy, construction, and operations and maintenance.

The North American T&D services market has benefitted from major investments in generation, transmission, and distribution infrastructure in both Canada and the United States. These investments are driven by the need to:

• Renew aging equipment
• Improve reliability and performance of electrical networks
• Ease grid congestion

Utilities are making considerable investments to protect T&D infrastructure from natural and man-made disasters. For instance, in the wake of devastation caused by Hurricane Sandy in October 2012, utility companies redoubled their efforts to stormproof the distribution network. This proved to significantly boost the T&D services market.

“Despite greater outsourcing of T&D tasks, the market has remained conservative in certain areas,” said Frost & Sullivan Energy & Environmental Principal Consultant Farah Saeed. “Small electrical jobs and support for distribution voltage projects are still offered in-house; however, there is growing demand for external support for numerous transmission projects.”

With utilities, especially investor owned utilities, increasingly evaluating financial performance, there is a keen desire to slash non-critical investments and outsource non-core activities to save on all aspects of maintenance. While this bodes well for T&D players, they are also diversifying their operations in new verticals and acquiring companies to counter the sluggish investments over the last decade.

Nevertheless, the revenues from transmission services are expected to fall until 2018, as major projects near completion. In contrast, services for distribution projects will become important as this sector benefits from higher investment as well as outsourcing to contractors.

“Although transmission infrastructure will continue to attract the headline projects, developments in the distribution sector will provide more diverse opportunities, especially in areas such as data management and environment conservation,” noted Saeed.

Analysis of the North American Transmission and Distribution (T&D) Services Market is part of the Energy & Power Growth Partnership Service program. Frost & Sullivan’s related studies include: Distributed Energy Storage Market Opportunities; ANZ Energy Management Services (EMS) Market in the Industrial Sector; Analysis of the Asia-Pacific Microgrid Market; the South African Electricity Industry ISMO and the Road to Reform; and East African Transmission and Distribution Industry. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

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Analysis of the North American Transmission and Distribution (T&D) Services Market / NDE0-14

 
 
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Grid Modernization Efforts Stabilize Demand for T&D Services in North America Finds Frost & Sullivan

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Frost & Sullivan | T&D Services Market
Publisher Contact: Ariel Brown - Frost.com 
210-247-2481 ariel.brown[.]frost.com
 
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