Self-Healing Grid Market Scenario and Other Analytical Data to Understand the Market.

GLOBAL SELF-HEALING GRID MARKET Highlights:-

New energy has developed profoundly and will continue to develop rapidly. Though new energy has the advantages of less pollution and large reservation. It also has the disadvantages of low energy density, wide distribution intermittent supply and high cost. The self-healing of smart grid gives a solution to these problems, which will update the control and protection system of power grid. In China, self-healing focuses on automation, real-time monitoring and self-adjustment. In America and Europe, self-healing emphasizes on fast simulation decision, co-ordination/self-adaptive control. The future development of self-healing technologies will depend on advanced control, big data and artificial intelligence.

The increasing government investments in smart energy infrastructure such as smart girds and a growing need modernize the outdated power distribution systems, are creating a lucrative market for self-healing grids. Moreover, the increasing need to protect electrical utilities from cyber-attacks due to deployment of smart grids, is expected to boost the market further.

The high dependency on transmission lines across the world for proper current transmission is expected to boost this segment modification through self-healing systems. Based on components, the market is segmented into hardware, and software & services. Hardware dominated the market in 2016 and is projected to be the fastest-growing component segment. 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.

Industry Top Key Players:-

The key players of global self-healing grid market are ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric Company (U.S.), S & C Electric Company (U.S.), Sentient Energy, Inc. (U.S.), Eaton Corporation plc (Ireland), Schneider Electric SE (France), Landis+Gyr AG (Switzerland), Cisco Systems, Inc. (U.S.), Infosys Limited (India), Oracle Corporation (U.S.), and G&W Electric (U.S.).

GLOBAL SELF-HEALING GRID MARKET 2018-2023:-

Scope of the Report

This study provides an overview of the global self-healing grid market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the self-healing grid market by its application, by component, by utility type and by region.

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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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