Global Self-Healing Grid Market is segmented by Application (Transmission Lines and Distribution Lines), by Component (Hardware, and Software & Services), End-user (Public Utility, Private Utility) and Region. —
The key players of the global self-healing grid market are General Electric Company (U.S.), S & C Electric Company (U.S.), Cisco Systems, Inc. (U.S.), Sentient Energy, Inc. (U.S.), G&W Electric (U.S.), Oracle Corporation (U.S.), Infosys Limited (India), Eaton Corporation plc (Ireland), Schneider Electric SE (France), Landis+Gyr AG (Switzerland), ABB Ltd. (Switzerland), and Siemens AG (Germany).
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Global Self-Healing Grid Market Highlights:
The self-healing grid market is expanding rapidly to the advancements in energy, with advantages of less pollution and large reservation. The self-healing grid solves the disadvantages like low energy density, wide distribution intermittent supply, and high cost. A self-healing grid not only acts against grid disturbances but also secures the grid against disruptions. Advancement of distribution network infrastructure requires replacement of conventional analog systems with digital mechanisms, processors, software, and power electronic technologies. A significant benefit of the incorporation of this technology is the low time requirement for reconfiguration of solutions to outages and liabilities, ranging from 1 to 5 minutes. The self-healing grid system comprises automated controls, innovative software, and sensors, which detect liabilities by using real-time distribution data to reconfigure the circulated network. Some of its vital functions are ensuring stability and improve reliability.
Furthermore, the self-healing grid market is driven by the growing integration of IoT, and extensive expansion of smart cities characterized by improved connectivity of electrical supply systems, tracking and monitoring consumption by consumers and service providers. The future development of self-healing technologies will rely on advanced control, big data and artificial intelligence. Integration of distributed renewable energy systems is also likely to propel demand for self-healing grids over the forecast period. According to Market Research Future, the global self-healing grid market is estimated to rise significantly at 9% CAGR.
The global self-healing grid market is segmented by its application, by component, by utility type, and by region. By application, the market is segmented into transmission lines and distribution lines. By component, the market is segmented into hardware and software & services. By end user, the market is segmented into public utility and private utility. By regions, the global self-healing grid market is segmented into North America, Asia Pacific (APAC), Europe, and the rest of the world (RoW).
Transmission lines segment is expected to dominate the self-healing grid market through the forecast period. The high dependence on transmission lines across the world for suitable current transmission is expected to grow this segment modification through self-healing systems.
Hardware segment is likely to be the fastest growing component segment. The sensors in the hardware segment offer data related to various utility assets, based on several parameters, such as voltage, frequency, temperature, current, and heat. The data provided by sensors are used by the component management system to provide unlawful information, which is used to form a prognostic maintenance schedule, reliant on the health of the gird. Public utility dominated the market in and is projected to be the fastest-growing packaging type over the forecast period, as a result of the rise investments in grid modernization and the requirement for energy efficiency. The government funds public utilities and have a vast client base. Increasing investment in distributed energy generation sources has raised the grid complication, as these sources are to be connected to the grid for a reliable supply of power.
The Asia Pacific is the dominating region of this market due to the increasing population has created a high energy demand which has resulted in massive electric infrastructure, subsequently contributing to the self-healing grid market. In APAC, China has the highest growth followed by India and Japan, where self-healing emphasizes on robotics, real-time monitoring, and self-adjustment.
APAC is followed by North America and Europe, where self-healing focuses on fast simulation decision, coordination, and self-adaptive control.
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
List Of Tables:
Table 1 Global Self-Healing Grid Market: By Region, 2017-2023
Table 2 North America Self-Healing Grid Market: By Country, 2017-2023
Table 3 Europe Self-Healing Grid Market: By Country, 2017-2023
Table 4 Asia-Pacific Self-Healing Grid Market: By Country, 2017-2023
Table 5 RoW Self-Healing Grid Market: By Country, 2017-2023
Table 6 Global Self-Healing Grid Market, By Application, By Regions, 2017-2023
Table 7 North America Self-Healing Grid Market, By Application, By Country, 2017-2023
List Of Figures:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 GLOBAL Self-Healing Grid MARKET SHARE, By Application, 2016 (%)
FIGURE 9 GLOBAL Self-Healing Grid MARKET, By Application, 2015-2023 (USD MILLION)
FIGURE 10 GLOBAL Self-Healing Grid MARKET SHARE, By End-User, 2016 (%)
FIGURE 11 GLOBAL Self-Healing Grid MARKET, By End-User, 2015-2023 (USD MILLION)
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