EV Charging Infrastructure Market Research

Impact of Covid-19 on Power Grid Equipment Market

The global economy has suffered invariably at the hands of Covid-19. The influence of Covid-19 has been multi-dimensional, intricate, and far-reaching globally. Different organizations gauged its impact on the global economy, but the analysis has been somewhat differing and divergent. According to the June 2020 Global Economic Prospects report by the World Bank, the global economy (in terms of GDP) is expected to contract by 5.2% in 2020. Advanced economies are expected to shrink by 7%, and developing economies are expected to contract by 2.5%. It is crucial to recognize that the impact on the global economy will trickle down to the energy sector, particularly the power grid market.

Through this report, we aim to cover the analytical gap on reporting of the impact of Covid-19 specifically on the Power Grid Market. PTR has brought all the expert opinions from various organizations under one umbrella to understand the impact of Covid-19 holistically, not only on the global economy but also on individual key markets. 

Starting with a brief overview of the effects of Covid-19 on the Global economy on a larger scale, the report dives into specifically reporting on the impact of Covid-19 on the T&D market regionally for EMEA, APAC and the Americas focusing on key countries. Focus is on quantitative analysis of the percentage impact of the pandemic on 2020 market and the expected recovery pattern in 2021. Additionally, a detailed analysis has also been provided on the impact of the pandemic on the application verticals such as generation, utility, automotive, oil and gas, and mining and metals.

The report is divided into six parts as follows:

The global economy has suffered invariably at the hands of Covid-19. The influence of Covid-19 has been multi-dimensional, intricate, and far-reaching globally. Different organizations gauged its impact on the global economy, but the analysis has been somewhat differing and divergent. According to the June 2020 Global Economic Prospects report by the World Bank, the global economy (in terms of GDP) is expected to contract by 5.2% in 2020. Advanced economies are expected to shrink by 7%, and developing economies are expected to contract by 2.5%. It is crucial to recognize that the impact on the global economy will trickle down to the energy sector, particularly the power grid market.

Through this report, we aim to cover the analytical gap on reporting of the impact of Covid-19 specifically on the Power Grid Market. PTR has brought all the expert opinions from various organizations under one umbrella to understand the impact of Covid-19 holistically, not only on the global economy but also on individual key markets.

The report is divided into six parts as follows:

Table of Contents

Covid-19 and the Global Economy

A. Key Global GDP projections and analyst comments.

  • Volatile forecasts and uncertainty; predictions postulated from IMF, The world bank, IEA, and Oxford Economics.
  • Most vulnerable to least vulnerable economies considering the second wave of Covid-19 worldwide.

B. GDP Impact by Region

Regions covered:

  • EMEA
  • APAC
  • Americas
Impact on Power Grid Equipment Market

Covid-19 impact on global power grid equipment market in 2020 and recovery percentage in 2021.

 

EMEA T&D Sector Impact

  • Germany
  • UK
  • Saudi Arabia
  • France
  • Spain
  • Czech Republic
  • Egypt
  • Sweden
  • Poland
  • Romania
  • South Africa
  • Rest of Europe
  • Rest of MEA

APAC T&D Sector Impact

  • China
  • India
  • Indonesia
  • Vietnam
  • Rest of APAC

 

 

 

 

 

 

Americas T&D Sector Impact

  • Brazil
  • USA
  • Rest of Americas

 

 

 

 

 

 

Impact on Power Grid Equipment Market

Covid-19 impact on global power grid equipment market in 2020 and recovery percentage in 2021.

 

EMEA T&D Sector Impact

  • Germany
  • UK
  • Saudi Arabia
  • France
  • Spain
  • Czech Republic
  • Egypt
  • Sweden
  • Poland
  • Romania
  • South Africa
  • Rest of Europe
  • Rest of MEA

APAC T&D Sector Impact

  • China
  • India
  • Indonesia
  • Vietnam
  • Rest of APAC

 

 

 

 

 

 

Americas T&D Sector Impact

  • Brazil
  • USA
  • Rest of Americas

 

 

 

 

 

 

Application Vertical Overview

Covid-19 Impact on key grid equipment verticals:

  • Automotive
  • Mining & Metals
  • Oil & Gas, Chemicals
  • Power Utilities (Transmission & Distribution)
  • Power Generation
    1. Solar Generation
    2. Wind Generation
    3. Nuclear Generation
    4. Others
Supply Side Analysis

Impact of pandemic as reported publicly by key suppliers:

  • ABB
  • Eaton
  • Schneider Electric
  • Siemens
Policy Responses to Covid-19

Countries Covered:

  • Brazil
  • Czech Republic
  • China
  • Egypt
  • France
  • Germany
  • India
  • Indonesia
  • Poland
  • Romania
  • Saudi Arabia
  • South Africa
  • Spain
  • Sweden
  • United Kingdom
  • United States
  • Vietnam

 

 

Key Takeaways – Covid-19 impact

Summary of the report and key insights enveloped in a single fold.

Download ToC as PDF

Saqib Saeed

Exec. Director Research & Consulting
saqib.saeed@powertechresearch.com

Saqib Saeed leads a team of analysts covering topics around power grid and new energy topics. He has close to a decade of experience managing and delivering consulting projects around energy topics for various Fortune-500, FTSE-100, DAX-30 and NIKKEI-225 clients.

Aleezeh Shahid

Lead Analyst – Switchgear
aleezeh.shahid@powertechresearch.com

Aleezeh is a market analyst at PTR. leading research on MV and HV switchgear market research, analyzing the use of this equipment in the various application verticals including utility, generation and industry for different countries around the world.

Available Now!

Price: $499

 Excludes Sales Tax/VAT

Contact Sales:

Hassan Zaheer – Sales Lead
hassan.zaheer@powertechresearch.com

+49-89-12250950

Download Sample Report

Why Choose Power Technology Research?

Too often is third-party market research disregarded by decision makers due to ambigious methodology and uninspired presentation. This had led most market research to remain relegated to ‘me-too’ slides, often remaining a footnote in presentations. Our goal is to change that, and bring back pro-active decision making within the global power and e-mobility sectors by providing market research based on a transparent and flexible methodology.

While working with you, we will do everything to ensure that we are strictly following our three pillars of excellence: Transparency (meaning no black-box datasets with our analysts supporting the data provided), Diligence (deep technical knowledge translating into the research for you) and Digestibility (ensure working with you once you have purchased the service, to answe any questions so you can utilize the data as you intended). These claims are backed by our track record of working with some of the largest companies in indutry and their testimonials.

“PTR was able to provide a level of depth to its methodology not replicated by other research companies I have worked with. It was a pleasure to work with PTR in developing our market strategy and a step-up from alternatives available”

Mitsubishi Electric (Client Partner – Power Systems)

“Very professional with consultancy approach. Which means, hearing your client’s needs and understand it while making them feel comfortable. Also very intelligent being able to build such cost model.”

GIS Ltd. (CEO – Energy Consultancy)

“I was impressed by PTR’s level of knowledge and insight on the automation industry. Their work is professional and they are good fun to work with too. I would have no hesitation in recommending them to others”

Control Techniques (Strategic Marketing-Industrial Automation)

“Thanks to Power Technology Research for the great support in terms of market modelling and in getting a better understanding of the different applications. All our discussions and meetings were very fruitful and as well useful! Would be great to work with your team together in future for other topics.”

Infineon Technologies (Client Partner Business Intelligence & Development)

“…played an important role in the development of the events themselves, contributing regular support and feedback as members of the CWIEME Advisory Board and as speakers/facilitators at our events…We are currently working on our first joint mini white paper on the electric manufacturing state of play in 2019 and beyond… We look forward to continuing our work with the team at Power Technology Research in 2019 and beyond.”

ITE Group (Global Content Manager)