GSA Electricity Transmission & Distribution EPC Market is anticipated to expand at a CAGR of 3.5%

Rise in Demand for Green Electricity Due to Depleting Pollution during COVID-19

The nationwide shutdown of production facilities and lockdown scenarios have led to significant drop in pollution levels due to the COVID-19 (coronavirus) outbreak. Hence, Swiss environmentalists are demanding a green recovery from industries that lead to increased greenhouse gas emissions, such as aviation, after the pandemic subsides in the upcoming months. Thus, companies in the Switzerland electricity transmission & distribution EPC market should capitalize on this opportunity to encourage renewable energy electricity generation for power producers.

Several thousand individuals, including environmentalist activists are raising concerns over rising greenhouse gas levels in Switzerland. In order to address this issue, individuals are signing petitions and presenting it in the parliament to create a movement toward green electricity generation. Similar to wind energy growing popular in the Germany electricity transmission & distribution EPC market, companies should pitch power producers in Switzerland to adopt the same.

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Software Consultation Companies Streamline Procurement Projects at Austrian Power Grids

Software companies are stepping in the Austria electricity transmission & distribution EPC market to help producers in the procurement of projects. For instance, ReqPOOL- a leading management consulting firm for software in the German-speaking region, is partnering with Austrian Power Grid AG to help energy producers and distribution system operators efficiently manage the maintenance and technical services for electricity production. Key developments in the electricity transmission & distribution EPC market in GSA are contributing toward exponential revenue growth, where the market is projected to surpass the US$ 546.5 Bn mark by 2030.

Advanced software systems are being used for workforce management, timetable management, and rectifying bottlenecks in the expansion of the power grid network. These systems detect faults and fluctuations in energy at the power grid, thus professionalizing daily activities with the help of actionable data.

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Renewables Projected to Dominate German Rail Network Power Play

The trend of green energy generation is plaguing the electricity transmission & distribution EPC market in GSA. For instance, German rail operator Deutsche Bahn has joined forces with solar project developer Enerparc to construct a 42 megawatt (MW) solar power plant in Wasbek, eastern Germany, whilst gravitating toward their goal of building an entirely renewable energy-driven rail network by 2038. Companies are harvesting the advantages of a converter plant to supply rail networks with solar power. They are increasing efforts to earn land use permits from local authorities to establish solar-energy driven rail networks.

Companies in the electricity transmission & distribution EPC market in GSA are increasing their R&D capabilities to increase the volume of clean energy in its power mix. They are increasing efforts to directly feed solar power directly into the traction current network. Companies are becoming conscious about climate protection and hence, are increasing the volume of clean energy in their power mix.

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Rectification of German Wind Energy Infrastructure Crucial to Ensure Cost Savings

Renewable energy sources such as wind power is capturing the electricity transmission & distribution EPC market in GSA. However, recently, a fierce storm named Sabine hit Europe in February and has created a new issue of over supplying several gigawatts (GW) of electricity to the national power grid in Germany. This has resulted in exorbitant costs of billions of dollars in extra bills to be borne either by the people or the producer of electricity. Thus, companies in the Germany electricity transmission & distribution EPC market should rectify the vulnerability of wind energy infrastructures to avoid future adverse events.

The proliferation of wind turbines and solar energy in the Germany renewable energy infrastructure has set a benchmark for other countries in the electricity transmission & distribution EPC market in GSA. As such, solar electricity generation is on a rise in Germany.

Photovoltaic Plants Hold Promising Potentials in Saving CO2 Emissions

New projects for the development of photovoltaic plants are Austria are generating incremental opportunities for companies in the electricity transmission & distribution EPC market in GSA. In July 2024, international oil & gas company, OMV, headquartered in Vienna, announced that it is partnering with Austria’s leading electricity company VERBUND to develop one of the largest photovoltaic plant in Austria to supply households. Companies in the electricity transmission & distribution EPC market in GSA are enhancing their credibility by developing large-scale photovoltaic plants that hold promising potentials in saving around several metric tons of carbon dioxide (CO2).

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Since the residential sector is one of the largest consumers of electricity, companies have developed a laser-like focus to implement eco-friendly power generation solutions to be more conscious about climate change.

Local Blockchain-based Electricity Distribution Qualifies to Increase Electricity Consumption in Switzerland

Innovative business models are surfacing in the Switzerland electricity transmission & distribution EPC market. Local electricity supplier Water and Electricity Works Walenstadt (WEW) provided access for its distribution grid to 37 households in Walenstadt to directly buy and sell solar power via a local blockchain-based electricity distribution model. The Swiss Federal Office of Energy (SFOE) is encouraging electricity producers to adopt such distribution networks to verify the technical feasibility of the network and also study user behavior.

It has been found that there is a high consumption in electricity due to the adoption of local blockchain-based electricity distribution. Thus, automation is playing a key role in resulting transactions, whereas electricity and solar power producers are realizing the importance of the blockchain technology. Blockchain-based electricity distribution has the advantage of supplying normal electricity at times when supply of solar power is insufficient.

Analysts’ Viewpoint

Extra bills encircle the Germany electricity transmission+ & distribution EPC market for producers and consumers, since most of the economy lay idle during the COVID-19 pandemic, but the sunny & windy weather led to over-generation of electricity. Hence, companies should rectify issues in their renewables infrastructure to avoid future adverse events. The market is expected to register a sluggish CAGR of 3.5% during the forecast period, as expensive authorization process and lack of adequate areas for developing photovoltaic plants in Switzerland are a problem. Hence, companies should educate their government about building photovoltaic fields such as in Mediterranean countries including Spain and Portugal to boost the consumption of solar electricity.