Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos

Power Distribution
Utilities Network
Return to: EBR Home | Power Distribution | Utilities Network

Electricity T&D infrastructure annual investment will reach $198bn by 2024: Northeast Group

EBR Staff Writer Published 06 August 2014

A new dataset by Northeast Group has revealed that electricity transmission and distribution infrastructure annual investment will reach $198bn by 2024.

According to the report, the world will need to invest between $140.2bn to $170.5bn a year on traditional transmission and distribution (T&D) infrastructure to meet electricity demand.

A further $8.0bn to $27.3bn will be invested in smart grid infrastructure to improve the efficiency and reliability of T&D grids.

Distribution automation investment is expected to account for 5.4% of total T&D spending in 2014.

India will beat China to become the largest amount of traditional T&D investment country by 2024.

Smart grid annual spending on distribution automation will be concentrated in Europe, followed by North America and East Asia.

Northeast Group president Ben Gardner said: "The significant need for new power generation capacity makes the headlines on a daily basis.

"But what is seldom discussed is the equally important need for new T&D infrastructure, which needs an enormous $1.9 trillion in cumulative investment by 2024.

"This includes substations, power lines and associated equipment and new technology. T&D investment typically represents approximately 40% of total power infrastructure spending."