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Experts predict an increase in global power consumption of around 60 percent by 2030. Industrialisation in the emerging markets and changes to power concepts in industrialised nations form the background to the paradigm shift: smart processes and new technologies for generation, distribution and consumption are gaining in importance. Added to this are changes in the power plant landscape and the development of power storage solutions. New power concepts like these represent both an opportunity and a challenge for the entire industry
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This post was updated by Lesley Young from Weidmüller UK.