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Naren Pasupalati - Analyst Profile

Industry Analyst


Recent items from Naren Pasupalati

Opportunities to Modernize the Electric Grid and Address the Challenges of Rapid EV Penetration
The North American Electric Vehicle (EV) market has seen significant growth over the last 5 years, both in the US and Canada. Currently, new EVs sold in the North American market account for 1.4% of the total passenger vehicles sold. There is an anticipation that downward prices for batteries and vehicles, along with improved infrastructure will accelerate the adoption of electric vehicles. This is further being pushed by state- and city-level commitments to clean energy and response to climate change. Current projections suggest that EVs are expected to reach price parity with internal combustion engine vehicles by 2025. This will roughly translate to 8% of new cars registered to be EVs by 2024, which is equivalent to 0.8 million EVs in North America. Preparations are taking place both at a local government/city, regional, and utility levels for accommodating this trend. In the short-to-mid run, the emphasis is on introducing new policies and evaluating the current grid infrastructure to determine the best approach for minimizing grid disruption. In the longer term, these entities are discussing and evaluating how EVs can be leveraged on for improving the integration of renewables and future smart city level applications. This positive development is, in return, generating new opportunities for advancing existing Transmission and Distribution (T&D) offerings such as demand-side management, asset management, smart transformers, as well as introducing completely new approaches for successfully integrating EV infrastructure. Much work lies ahead for the industry. However, priorities and approaches are region-specific, based on existing clean energy policies and penetration of EVs.
Published: Aug 28 2018 Market Research
Curtailing Power Consumption Through Incentive and Behavioral Based Programs
Demand and response programs are expected to change consumer behavior and general attitudes toward power consumption through providing monetary rewards for power reduction. DR transforms the centralized one-way traditional energy traffic flow from the power plants to energy-consuming units. DR programs, through intelligent and balanced energy management routines, create a two-way energy traffic flow, balancing energy demand with available supply, thereby enabling a highly interactive and more energy-efficient market. Managing energy use through DR programs has been in existence in one form or the other over the last two decades. Monetary incentives and cost-savings options by curtailing power consumption during peak demand period has been available for commercial and industrial C&I) customers since the early millennium. One of the key hurdles for the widespread adoption of DR is the lack of customer engagement and support, with the challenge being a lack of control of electrical devices during times of peak demand. A majority of customers in many regions, especially Europe, are accustomed to uniform electricity prices, and therefore awareness about the volatile cost of electricity is limiting the uptake of DR programs. Utilities expect to save millions by reducing investments on peak-generation plants to support electricity demand. Commercial and industrial (C&I) sectors have been compliant on this front for years, using it as an avenue to reduce operating cost generated from power-dense manufacturing and IT equipment.
Published: Jun 06 2018 Market Research
LVDT Distribution Transformers Drive the Energy Efficiency Trend in the Market
This study focuses on evaluating the market size and the growth opportunities for North American low-voltage dry-type (LVDT) distribution transformers. It specifically evaluates the prospects for 2 types of single- and three-phase LVDTs, namely, cast resin and vacuum pressure impregnated transformers in the United States and Canada. These types of LVDTs are predominantly installed indoors and have an input voltage of less than or equal to 600V and range in size from 15 to 333kVA for single phase and 15 to 1,000kVA for three-phase equipment. The market is mature with approximately 50 vendors that offer solutions in the low-voltage electrical power network space. As this is a mature market, it is expected to grow at a nominal CAGR of 4.2% between 2017 and 2024. Prominent suppliers include Eaton, Hammond Power Systems, Schneider Electric, ABB, and Siemens. The study evaluates some of the key competitive factors many manufacturers use to highlight their value proposition, including product specification and reliability, price, and shipment time. In terms of growth drivers, there is a strong push to improve energy efficiency, which will dictate future activities in this space. Data centers are among the highest energy-intensive industries, and they account for almost 2% of all the energy consumed in the United States. The study also takes a look at how the 2016 Department of Energy’s (DoE) mandates for higher energy efficiency for transformers will have an impact on the LVDT distribution transformers sold in North America. It also investigates the impact of volatile commodity prices on the manufacturing capacity of various OEMs. Finally, to aggressively expand and grow, Frost & Sullivan examines the opportunities companies have to leverage in terms of strategic mergers and acquisitions and value-added services.
Published: Mar 22 2018 Other
Impact of the Emerging Blockchain Technology on Utility Performance
Frost & Sullivan’s upcoming study on Blockchains takes an in-depth look at the addressable market for its existing applications along with emerging energy applications. The energy sector has seen significant changes over the past few decades across verticals such as generation, distribution, storage, and consumption. It continues to transition from fossil-fuel based centralized generation to renewable and distributed generation. There is a also a shift from centrally-owned and -operated power generation to small-scale commercial generation and 'prosumers', whose power flows are bidirectional. Both these forces combine to create significant challenges for the electricity grid’s design, with legacy infrastructure struggling to offer the required flexibility.
Published: Jan 08 2018 Other
Modernizing the Electric Grid through Connectivity
The study estimates that the total digital grid communication infrastructure market for the North American electric grid would grow at a CAGR of 9.1% through the forecast years. The study estimates the size of the market to be $555 Million as of 2016 and is forecast to reach over $1 Billion by 2023. The study categorizes the market into two broad segments – Technology and Application. As far as the technologies are concerned, the study classifies them into wired and wireless technologies and as far as applications are concerned it classifies them into 4 sub-segments under each type of technology namely – Advanced Meter Infrastructure, Distribution Automation, Substation Automation and Emerging Applications such as edge intelligence, virtual power plants and micro-grids. The study also identifies technology specific drivers and challenges that not just contextualize the analysis but also determine the direction of growth of the industry. Some of the key influencing drivers include cyber-security, proliferation of DERs and improving the operational efficiency of utilities while some of the barriers of adoption include the lack of interoperability and willingness of utilities to modernize as well as the high investment costs associated with deployment. A key insight learned through the study highlights the fact that a rapidly changing market environment demands flexibility in the communications infrastructure. With a forward looking market and most utilities filing for rate increases in the last two or three citing rising capital expenditures in transmission distribution assets, vendors should be in a position to develop a compelling business models such as “communication-as-a-service (CAAS)” to improve bottom line results for end users. By 2023, the rate of growth of wireless devices will outpace that of wired owing to advancements in IoT and rolling out of 5G at scale. There will be a demand for outcome based solutions rather than application-specific products/services. Virtual power plants, micro grids and edge intelligence are forecast to drive demand and deployment of modern wireless communication devices The bottom line is: with competition intensifying, product innovation, reliability, interoperability and customer value are key factors in determining market leaders in the digital grid communications market.
Published: Oct 11 2017 Market Research
On Monday, September 18, it was announced that Itron is set to acquire Silver Spring Networks for approximately $830million. The boards of both companies have unanimously approved to the deal for which Itron has agreed to pay $16.25 per share in cash to acquire all outstanding Silver Spring shares. The acquisition is expected to close at the end of...
25 Sep 2017 Blog post

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