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The electrical equipment industry has diverse prospects across the globe. It varies according to the size and number of operational areas, network characteristics, the number of customers, and the ownership structure. Models utilized to review the tariffs and revenues reflect this diversity and provide a scope for effective comparison. Despite the diversity, Distribution System Operators (DSOs) and Transmission System Operators (TSO’s) generally impart a high quality and reliability of supply to their customers. However, the operators have been facing challenges of integrating rising variable & decentralized generation share and a new load including electric vehicles into the networks. There are ongoing investments toward distribution networks including smart meters and smart grids to sustain these challenges and replace the aging infrastructure while maintaining the quality of service.
The provision of affordable uninterrupted electricity has been a major thrust area for the regulators, which clearly drives the reforms and policies undertaken. The major concern about coal availability has now shifted the regulatory and industrial focus toward the transmission and distribution sector. Furthermore, efforts to enhance energy efficiency coupled with the increasing electrical losses have seeded the demand for capacity expansion and technological enhancements. Manufacturers across the globe through extensive R&D activities and inorganic strategic implications have been strengthening their market presence.
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