Self-Healing Grid Market – Industry Analysis, Size, Share, Growth Analysis, Trends And Forecast 2018 – 2023
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/selfadaptive control. The future development of self-healing technologies will depend on advanced control, big data and artificial intelligence. Delivering electrical power from the generating station to consumption loads is the classical task of the power grid. However, a power grid and any other network’s infrastructure share some difficulties in operation, control, efficiency, and reliability. In a self-healing grid, it only acts against grid disturbances, but also secures the grid against disturbances. 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. Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/5442 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.).
Market Research Analysis Transmission lines by application, hardware by component and public utility by End-user are expected to grow at the highest CAGR. Global self-healing grid market has been segmented based on applications, components, Endusers and regions. Based on applications, the market is segmented into transmission lines and distribution lines. Among these, transmission lines segment, is projected to dominate the selfhealing grid market through 2023. The high dependency on transmission lines across the world for proper current transmission, is expected to boost this segment modification through selfhealing systems. Based on the components, the market is segmented into hardware, and software & services. Hardware dominated the market in 2016 and is projected to be the fastestgrowing component segment. The sensors in the hardware segment provide 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 the end-users, the market has been segmented as public utility, and private utility. Public utility dominated the market in 2016 and is projected to be the fastest-growing packaging type over the next five years, as a result of the rise investments in grid modernization and requirement for energy efficiency. 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. Get Complete Report @ https://www.marketresearchfuture.com/reports/self-healing-grid-market5442
Asia Pacific Self-Healing Grid market, is expected to grow at the highest CAGR. The global self-healing grid market is segmented into four prominent region as, Asia Pacific, North America, Europe and Rest of the World. Asia Pacific region is expected to grow at the highest CAGR during the forecast period. This growth is attributed to growing industrialization & urbanization and rising renewable power generation capacity in the region. Prominent countries such as China, Japan and India are driving the self-healing grid market in the Asia Pacific region. North America currently dominates the market, owing to smart grid investment and aging transmission & distribution infrastructure in the region. About US
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com