Global Smart Grid T&D Equipment Market to Grow at a CAGR of 16.23% During 2016-2020
Globally the power T&D network is undergoing a transformation with the introduction of digital technologies into the grid; it is largely driven by the need for efficiency, improved reliability and the integration of diverse power generation sources. The traditional grid was designed to manage continuous power from sources such as coal, oil, and other resources. However, countries are focusing on newer alternate sources of technology, which serve as intermittent sources of power generation. To harness the full potential of renewable...
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