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Failing power grids are a leading reason for disastrous power outages that can affect residential and commercial activities. Countries that fail to invest in modern technologies for their power grids run the risk of suffering great financial loss. Power loss can range from a few hours to several days. While modern power grids have better technology than those in the past, they are still prone to risks of their own. Power outage causes can range from solar flares to cyber-attacks. However, since much of the world does not have access to the latest technologies they are destined to suffer the largest relative losses due to power outages.
* Sales value lost refers to the percentage of potential revenue lost due to a power outage.
Click the button to learn more about the causes of power outages worldwide.