PTR Insights
Asia Pacific Betting on Fuel Cell Electric Vehicles to Tackle Climate Concerns
• Fuel cell electric vehicles are much more efficient than internal combustion engine vehicles and are powered by hydrogen or methanol in some cases.• Japan has the world’s largest hydrogen refueling network, accounting for more than 154 refueling stations as of last...
North American HVDC Market (2017–2021)
The HVDC market has gained a lot traction due to the expansion of renewable energy resources across the globe. In the last decade, a significant growth in onshore renewables has been witnessed in North America. To evacuate this energy from generation centres, HVDC has...
Stable Grids for Clean Energy – Growing FACTS Demand in the GCC
A significant outcome of COP26 included countries not only reaffirming their pledge towards reduction of emissions but provision of financial support as well to cap average rise in global temperature to 1.5 degrees. Nearly all the advanced and major economies across...
Revitalizing the Grid: The North American Distribution Transformer Market’s Push for Upgrades and Replacements
• The installed base of distribution transformers in North America is one of the oldest in the world; the market is largely driven by replacements.• In terms of units, the North American distribution transformer market accounts for more than 30% of the installed base...
Latin America’s Push for eMobility: Policies Accelerating the Market
Still in the early stages of adopting the technology, Latin American countries are progressively increasing the number of privately owned electric cars (EVs) on the roads. With incentives and an expanding network of charging infrastructure, the region hopes to...
Energy Transition and Replacements Driving the U.S. Transformer Market
This infographic examines the distribution transformer market in USA, specifically the the two main drivers; energy transition and replacements. Within energy transition, renewable energy additions are studied to analyze the impact on the distribution transformer...
The Seamless World of Plug and Play Charge
• The diverse range of authentication processes for EV charging leads to an unharmonized EV ecosystem and is expected to slow down growth in the EV industry. • Manufacturers in the EV market are moving to incorporate the Plug and Charge technology, which they did not...
Scope for Suppliers to Set Up Local Power Transformer Production Facilities in Saudi Arabia
• Under Vision 2030, the sectors targeted for development include power generation, petrochemicals, tourism, hospitability, and infrastructure; these will be generating demand for power transformers in the upcoming years.• Due to limited local manufacturing capacity,...
APAC’s FACTS Boom: A Look at the Market’s Growth and Key Players
APAC presents a significant market opportunity for numerous Flexible AC Transmission Systems (FACTS) devices for key T&D OEMs. The region can further be segmented into the Chinese market and rest of the APAC market, due to varying regional market dynamics. In the past...
APAC’s Push for Renewables and Rising Energy Intensive Industries Drive MV Switchgear Market
• The economy of the Asia Pacific region has grown significantly over the last few decades and currently contributes a significant fraction to the global GDP.• The MV switchgear market of APAC is driven by the deployment of renewables, an increase in electricity...
Region-Wise Deployment of Electric Vehicle Charging Infrastructure
• The transport sector is heavily reliant on fossil fuels and accounts for 37% of CO2 emissions from end use sectors (International Energy Agency).• Globally APAC is the leading region in terms of EV charging infrastructure installed base which is evident from the...
British MPs take on the OPS Market in the UK
Shore Power is actively gaining popularity around the world as countries are finding ways to de-carbonize the maritime industry. This technology allows a ship to turn off its on-board engines and get external electric power from the shore where it is berthed. The...
Ownership Structure of Ports Serving as a Double-Edged Sword for Shore Power in the UK
• Ports and shipping industry of the UK is the second largest in Europe, boasting 125 ports with cargo handling capacity all over the country. • Payback periods for shore power need to be shorter in the UK than on the continent primarily due to the private ownership...
Transmission Titans: APAC’s HVDC Market Dominates with 29 GW of Capacity
The APAC HVDC market is driven by factors such as the ability to reliably transmit high power loads over long distances, efficient transmission with minimal transmission and distribution losses. Due to varying market dynamics, the region can be further segmented into...
EHB: A Gateway to European Hydrogen Economy
Hydrogen is emerging as an efficient and alternate fuel around the globe and will play a key role in achieving the climate pledge of net zero emissions by 2050. Europe is leading the clean energy revolution with a great number of hydrogen projects under development, a...
State Incentives Propelling the Energy Storage Market in Australia
• Australia plans to achieve net zero emissions by 2050 and, in pursuit of these goals, the country is installing renewable capacity in the country.• Owing to the intermittent nature of renewable energy resources, the increased penetration of renewable energy in the...
The Renewable Energy Law (EEG) 2021: A Boost for Germany’s Renewable Energy Market
Energy storage in Germany has been on the rise for a few years now, with the industry showing substantial annual growth. The residential market, especially, has seen a surge in demand, with independent users shifting to clean energy sources for their residential...
Impact of the Russia-Ukraine Crisis on Energy Markets
The global spotlight is on the Russia-Ukraine crisis, which has been responsible for wreaking havoc on international fossil fuel markets. Western powers responded to the crisis by proposing a number of sanctions on Russia, including ones on its fossil fuel exports....
The U.S. Distribution Transformer Market: A Replacement and Expansion Story
• The global distribution transformer market experienced a dip of approximately 7.6% year on year in terms of revenue in 2020.• According to Power Technology Research, distribution transformers in excess of 1 million are sold in the U.S. every year.• The U.S. is the...
Energy Security Concerns Post the Russia-Ukraine Conflict to Trigger Growth in the UK’s HVDC Market
• Following the Russia-Ukraine conflict, the UK has increased the target for its offshore wind generation capacity to 50 GW by 2030.• Currently, projects accounting for 86 GW of generation capacity are in the pipeline in the UK and are expected to be realized in the...
Powering the Planet: The Adoption of SF6-Free High Voltage Switchgear for a Sustainable Future
In order to mitigate the impact of climate change across the globe, GHG emissions must be curtailed and reach net-zero by 2050. Globally, the power sector is a significant contributor to GHG emissions. Moving forward, there will be an increase in the adoption of...
Use of SF6-based Switchgear in Renewables Leading to Emissions
Following the landmark Paris Agreement in 2015, governments across the globe set renewable energy targets to combat climate change. SF6 is a potent greenhouse gas, with a global warming potential that is 25,200 times higher than CO2. If the usage of SF₆ in MV...
Powering Egypt’s Future: The Impact of Renewable Energy on the Distribution Transformer Market
• Distribution transformers carry out the final transformation of voltage in the electric power distribution system.• Egypt’s transformer market is expected to grow with a CAGR of 5% in the next five years.• The dry type distribution transformer market of Egypt will...
Possible End of Road for the SF6 High Voltage (HV) Switchgear Market
Switchgear is critical for the protection and uninterrupted functioning of a high-voltage electric transmission and distribution system. Since ongoing energy transitions to a cleaner and greener future depend heavily on the power quality of the grid, GIS switchgears...
FACTS in the Middle East: A Look at the Historical Landscape and Evolving Market Trends
The Middle East has primarily relied on oil and gas resources to meet power needs. However, Middle Eastern countries are gradually increasing the share of renewables in their generation mix. KSA and UAE are the key countries which are actively participating in this...
Meet Our Team at Hannover Messe 2022
Hannover Messe 202230 May - 2 June [dsm_text_divider header="Venue" color="#FFFFFF"...
Challenges in China’s Shore Power Market: Underutilization and Disparity in Subsidies
Shore power in China gained momentum during the ‘13th Five Year Plan’ period (2016-2020), which focused on environmental protection, energy conservation and emissions reduction from China’s transport sector. According to Power Technology Research, China has...
China’s Drive for Economic Growth Fuels the FACTS Market
China, in pursuit of its economic objectives, has been persistently increasing generation capacity. A significant proportion of demand for FACTS in China is driven by renewables. The STATCOMs market is expected to grow in tandem with the integration of renewables with...
Key Drivers Instigating MV Switchgear Demand in the Middle East
Major economies in the Middle East (Saudi Arabia and the UAE) are divesting from the O&G sector and making big investments in diversifying the economy. Huge investments for the development of infrastructure in the region are planned, which, in turn, will be...
HVDC in EMEA: Navigating Affordability and Technology Advancement in Africa and the Middle East
The HVDC market has gained traction due to the expansion of renewable energy resources across the globe. In recent years, significant growth in offshore renewables has been witnessed in the EMEA region, particularly Europe. Climate neutrality goals set by nations and...