DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d6db11/transmission_and_d) has announced the addition of Frost & Sullivan's new report "Transmission and Distribution Products for Renewable Energy Markets in Asia Pacific" to their offering.
Rising Environmental Awareness Energizes Outlook for T&D Products for the RE Markets in Asia Pacific
While global warming and climate change concerns are likely to boost the development of renewable energy (RE) technologies during this century, conventional power generation technologies such as thermal and hydropower are unlikely to be replaced. To provide a clean and sustainable solution for global warming, it is imperative that governments and large corporations first shift their focus from conventional power sources to RE technologies. In general, the growth of the T&D products for the RE markets in Asia Pacific depends on the development of grid-connected RE. With growing awareness of the impact of global warming and climate change, new avenues are opening up for T&D products in RE. In 2009, the T&D products installed in wind and solar plants accounted for 78.0 percent of the total T&D products installed in the RE markets. T&D products for RE will be driven by wind projects in Australasia, solar projects in East Asia, and biomass and small hydropower projects in Southeast Asia, notes the analyst of this research service. The geothermal market in Southeast Asia and Australasia is in the high-growth stage; however, the same cannot be said of the East Asian market as the respective government has no development plans in place, a trend that is likely to continue in the foreseeable future.
Despite the positive outlook for the market, there are some roadblocks stalling its development. The prevalence of technical issues in providing grid-connected RE is a major challenge surrounding the use of T&D products in RE for the market. Lack of clear guidelines on specific RE technologies in some countries misleads project developers. Thus, policies and targets need to be revised periodically to encourage private investments in the market. Further, power output from certain RE sources such as wind and solar can be intermittent. Fluctuations in output can adversely affect power grid frequencies, voltages, and component performance, causing instability in the power generation system and interrupted service to customers. Currently, concerns about power system reliability limit the amount of new and renewable energy that power utilities and transmission system operators allow to be connected to the grid. This adversely affects the T&D products used in grid-connected RE plants.
Key Topics Covered:
- 1. Executive Summary
- 2. Total Transmission and Distribution Products for Renewable Energy Market in Asia Pacific
- 3. Transmission and Distribution Products for Renewable Energy Market in Southeast Asia
- 4. Transmission and Distribution Products for the Renewable Energy Market in East Asia
- 5. Transmission and Distribution Products for Renewable Energy Market in Australasia
- 6. Appendix
- 7. About Frost & Sullivan
- List of Figures
- LOC
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