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  5. > Asia-Pacific Transmission and Distribution Outlook Study : Grid Restructuring, Smart-grid Projects, and Microgrids Significantly Influence the T&D Sector in 2015

Key Findings

Utility investments increase, backed by power addition plans and grid reliability improvement methods
Microgrid projects spur in Indonesia, Japan, and Australia
Smart grid investments in distribution grid automation and smart meters
Japanese grid restructuring and Australian grid privatization in 2015
% annual revenue growth expected in T&D equipment market in 2015

2015 Industry Implications

Initial steps taken to establish wholesale competitive power markets in Japan and Vietnam.
Mergers and Acquisitions (M&A) between Original Equipment Manufacturers (OEMs) and regional participants are expected in the Transmission and Distribution (T&D) equipment market to meet local demand and gain competence through local presence.
OEMs to expand their portfolio to tap into the microgrid and smart grid market in the region.

Asia-Pacific—T&D Investments Discussion

•T&D investments in the Southeast Asian region was the highest at $ x million in 2014, which is likely to grow to $ x million in 2015. Power transmission and distribution companies in the region are keen to establish a sturdy grid system to accommodate the planned increase in energy generation, and also to extend the distribution grid to remote communes to increase the electrification ratio.
•In Japan, T&D investments were $ x million in 2014 and it is expected to grow to $ x million in 2015. Key focus shall be old equipment replacements, transmission grid projects to enable grid restructuring, and smart-meter installations.
•After Japan came Australia with a total T&D investment of $ x million in 2014 which was utilized for transmission-line and equipment replacements, grid enhancements for reliability improvements, smart-meter installations, and business IT and software upgrades. This trend is expected to continue in 2015 as well.
•In South Korea, a majority of the investments are likely to be in grid projects focused at High Voltage Direct Current (HVDC) links, installation of Flexible AC Transmission (FACTS) devices, smart-meter installation, and grid automation.
•These developments create opportunities for financial investors in the T&D grid, Engineering, Procurement, and Construction (EPC) companies, equipment manufacturers, and so on.

Japan—T&D Investment 2015 Discussion

•The 10 state Electric Power Companies (EPCO) will be investing around $ x million for power transmission and distribution grid enhancement in 2015.
•EPCOs are accelerating their plans for smart meter installations compared to the initial ones. TEPCO will complete its installations by 2020, followed by Kansai electric power in 2022, x other EPCOs will complete in 2023 and Okinawa Electric will do so in 2024. The total investment expected for smart-meter installation during 2015–2024 is $ x billion.
•Major T&D investments arise in the form of equipment replacements in state grids. Besides, the grid restructuring process has to be supplemented with sufficient investments. For instance, the investment by TEPCO is expected to be the highest at x % of total T&D investment in 2015.
•State utilities or electric power companies individually fund infrastructure projects in their respective states.

South Korea—T&D Investment Discussion

The peak electricity demand in the country is expected to rise at 2.9% in 2015 according to the 6th Basic Power Expansion Plan. During the year, major investments are expected for grid reliability improvement and contingency elimination. In 2015, the major investments that are expected to be made are as follows:
•Construction of 200 MW HVDC Transmission links Jeju #3.
•FACTS installation in Shin Sansung Substation.
•Distribution substation digitization will continue.
•The commercial and industrial low voltage Advanced Metering Infrastructure (AMI) installation is expected to be completed during the year. Around x million units are expected to be installed in 2015.
•Others include expansion of grid energy storage to x MW in 2015.
AMI installations and power grid projects are funded by the Korea Electric Power Corporation, while demand response and other smart-grid projects have private companies investing in the projects.

Table Of Contents

Asia-Pacific Transmission and Distribution Outlook Study : Grid Restructuring, Smart-grid Projects, and Microgrids Significantly Influence the TandD Sector in 2015
Executive Summary 3
Utility Investments in TandD Grid 5
Smart Grid Market Potential 14
Microgrid Market—Regional Hotspots 18
Asia-Pacific TandD Equipment Market 21
Grid Restructuring and Privatization 24
Energy Consumption Trends and TandD Grid Implication 29
Appendix 34
The Frost and Sullivan Story 36

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