Self-Healing Grid Market Research Report- Forecast to 2023
Self-Healing Grid Market Key Players Profiles and Market Analysis by 2023
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Copyright Š 2018 Market Research Future.
Self-Healing Grid Market Research Report- Forecast to 2023
1 Summary The self-healing grid is a system comprised of sensors, automated controls, and advanced software that utilize real-time distribution data to detect and isolate faults and reconfigure the distribution network to reduce the customers impacted. One of the major goals of a self-healing grid is to improve system reliability. This can be accomplished by reconfiguring the switches and reclosers installed on the distribution feeder. This is done to quickly isolate the faulted section of the feeder and re-establish service to as many customers as possible from alternate sources/feeders.
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.).
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Copyright Š 2018 Market Research Future.
Self-Healing Grid Market Research Report- Forecast to 2023
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Market Overview
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.
Segments
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Copyright Š 2018 Market Research Future.
Self-Healing Grid Market Research Report- Forecast to 2023
3 Market Research Analysis 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 2018 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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Copyright Š 2018 Market Research Future.
Self-Healing Grid Market Research Report- Forecast to 2023
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Copyright Š 2018 Market Research Future.