Given its target of achieving 175 GW of renewable power generation capacity by 2022 along with strong push for electric mobility, India presents huge opportunity in the energy storage front. In 2018, India’s total energy storage market from stationary applications was around 24 GWh. India Energy Storage Alliance (IESA) estimated that the cumulative potential of energy storage will be between 270 to 365 GWh during 2019-2025. To meet such huge demand, India is on the cusp of creating a manufacturing ecosystem for advanced energy storage technologies. Looking at the potential, IESA’s Debi Prasad Dash anticipates, India has to create a 10 GWh capacity by 2020 which will attract investments of around $3 billion within next 3-4 years.
Thermal imaging technology is used to improve the visibility and clarity of objects in a dark environment by detecting them using infrared radiation. According to a research report by Market Research Future (MRFR), the global thermal imaging market is expected to worth US $ 3.96 billion by 2023, growing at 7 per cent CAGR between 2018 and 2023. Thermal imaging is a proven way of proactive maintenance in the electrical industry as it provides insights on heat map of critical electrical assets. This time, we present to you an in-depth analysis on why thermal imaging is becoming important in electrical industry.
The issue also touched upon important topics like energy monitoring, power grid automation, grid modernisation, and control and management in power systems operations. Hope you’ll enjoy reading this issue as always.
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