- Switchyard maintaince market is a switching station that is the central link between the power generating plant and the transmission system. It is a junction that carries the generated power to the required station. It plays a key role in the security of the system. Switchyard can control reactive power devices, which determine power quality.
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- Switchyard comprises assembly of switches, power circuits, breakers, and auxiliary equipment, which are used in transmission and distribution
- Switchyard is one of the important constituents of the substation. Hence, proper maintenance of switchyards is necessary for reliability.
- Switchyard maintenance consists of two types: preventive and breakdown. Breakdown maintenance, also known as corrective maintenance, is carried out due the failure of equipment. Such type of maintenance results in outage of circuit and supply. Preventive maintenance is undertaken to ensure smooth and efficient working of a system or equipment.
- Maintenance of switchyards consists of other services such as inspection, servicing, and overhauling of system
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Key Drivers of Global Switchyard Maintenance Market
- Demand for switchyard maintenance has been increasing owing to rise in automation and industrialization across the globe. Demand for electricity is high due to growth in population. This is driving the global switchyard maintenance market.
- Increase in distribution networks and modernization of existing power infrastructure are anticipated to boost the demand for switchyard maintenance during the forecast period
- In December 2019, Schneider Electric introduced EcoStruxure Asset Advisor for new electrical substation. The EcoStruxure Asset Advisor is a condition-based monitoring and predictive analytics service that allows companies to monitor the health of new substation assets through a customer dashboard. More than 100 variables are measured and computed to provide accurate and reliable condition-monitoring.
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