Self-Healing Grid Market- Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025
Self-healing grids are a part of the overall electrical power distribution that comprises of sensors, automated switchgears and controls, and advanced software. These systems are also known as smart grids, as it utilizes real-time information from the distribution networks for detection and isolation of faults, and then reconfigure the flow of energy to minimize number of consumers impacted, as a result of electrical faults. In conjunction with this, another factor fueling the self-healing grid market growth is enhanced durability of electrical supply systems. Request Table of Content of This Report: https://www.coherentmarketinsights.com/ongoing-insight/toc/1234 Power outages can be significantly reduced by utilization of these smart and autonomous electricity delivery networks According to Coherent Market Insights, around 50,000 electricity consumers were dealing with power outages daily for around or over two hours in 2015 in the U.S. alone. Moreover, around two-thirds of the power outages in the country are due to bad weather conditions, impacting over 170 million consumers (meters). This was owing to conventional infrastructure in the region. Requirement to upgrade the existing infrastructure and provide reliable power distribution is expected to be among the prominent factors driving growth of the self-healing grid market over the forecast period. Self-Healing Grid Market Taxonomy: On the basis of component, the global self-healing grid market is classified into: ● Hardware ○ Sensing Devices ■ Smart Sensor