Self-Healing Grid Market Emerging Technologies, Regional Trends, Historical Analysis, and Forecast to 2023

Self-Healing Grid Market Highlights:-

Upgrade of distribution network infrastructure requires replacement of conventional analog systems with digital components, processors, software, and power electronic technologies. A major benefit of integration of this technology, is the low time requirement for reconfiguration of solutions to outages and faults, ranging from 1 to 5 minutes. Moreover, increasing integration of IoT, and rampant development of smart cities characterized by enhanced connectivity of electrical supply systems, tracking and monitoring consumption by consumers and service providers, drive the demand for such grids. Integration of distributed renewable energy systems is also expected propel demand for self-healing grids over the forecast period.

The global Self-Healing Grid Market is expected to grow at ~ 9% CAGR during the forecast period.

 

Top Key Players for Self-Healing Grid Market:-

• Schneider Electric SE 


• Landis+Gyr AG 


• Cisco Systems, Inc. 


• Infosys Limited


• Oracle Corporation 


• ABB Ltd.


• Siemens AG


• General Electric Company 


• S & C Electric Company 


• Sentient Energy, Inc. 


• Eaton Corporation plc 

 

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Scope of the Report:-

The scope of the study segments the self-healing grid market by its application, by component, by utility type and by region.

• By Application


• Transmission Lines


• Distribution Lines

 

Global Self-Healing Grid Market – Segments

The sensors in the hardware segment provides the data related to various utility assets, based on various parameters, such as, voltage, current, heat, temperature, and frequency. This data provided by sensors are used by equipment/component management system to provide actionable information, which is used to form a predictive maintenance schedule, depending on the health of the gird. Based on end-user, the market has been segmented into public utility, and private utility. As a result of increasing investments in grid modernization and requirement for energy efficiency, public utility dominated the market in 2016. It has also been projected to be the fastest-growing packaging type over the next five years. Public utilities are funded by the government and have a huge customer base. Increasing investments in distributed energy generation sources, have increased the grid complexity, as these sources are to be connected to grid for reliable supply of power.

 

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Global Self-Healing Grid Market:-

The global self-healing grid market is expected to witness phenomenal growth during the forecast period. This is due to the considerable growth in the power sector with population boom along with rise in energy demand. The growth is primarily attributed to up gradation of aging utility infrastructure and growing investments in distributed generation, and related government regulations, which is likely to continue during the forecast years. The Asia Pacific region is expected to grow at the highest CAGR from 2017 to 2022, wherein China was the largest country-level market, followed by India and Japan. Rising population with tremendous energy demand growth has resulted in phenomenal growth for electrical infrastructure in the region and subsequently resulted into growth for self-healing grid market.

  

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