Asia Pacific position as the power sector market number one as the need for grid expansion and upgrades within the region.
Compliance. Conservation. Smart grids. The power sector is being rapidly disrupted by increasing complex energy demands.
Environmental compliance. Energy conservation. Digitisation. The electric power system is undergoing profound change. ‘Smart’ grids are addressing the operational inefficiencies of the ageing infrastructure in existing electricity distribution grids and to place greater emphasis on demand response. At any one time, an estimated 15 trillion watts of power are being used across the planet – that’s the equivalent of powering ten billion 100-watt light bulbs simultaneously. No wonder that power transmission, distribution, and storage (TDS) is experiencing the fastest employment growth in the energy sector.
Energy efficiency also continues to be a hot topic that drives debate within the power sector. Since the 1970s, improvement in energy efficiency in 11 of the International Energy Agency (IEA) member countries has saved 1.4 billion tonnes of oil per year – worth a colossal $1.015tn SGD. As the climate crisis deepens, major investment in energy efficiency has increased to help tackle the issue.