Global Self-Healing Grid Market is valued approximately at USD 1.88 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 9.0% over the forecast period 2019-2026. A self-healing grid is a system consisting of advanced software, automated controls and sensors that use real-time distribution data to identify and isolate faults and reconfigure the distribution network to minimize the customers impacted. The major goals of a self-healing grid is to enhance system reliability. This can be achieved by reconfiguring the reclosers and switches installed on the supply feeder. This system utilizes real-time communications technologies and digital components to monitor its own electrical characteristics at all times and offers a several benefits which sustain a more stable and useful system. Surging necessity to keep electric utilities from cyber attacks coupled with rising government investments in smart energy infrastructure such as smart girds are the few major factor responsible for high CAGR of the market over the forecast period. Moreover, advancement in communication technologies as well as modernization of aging grid infrastructure are some factors, likely to create lucrative opportunities for the market growth in the near future. However, high initial installation cost and low acceptance of self-healing grid technologies in emerging nations are few factors anticipated to limit the growth of global Self-Healing Grid market during the forecast period.
The regional analysis of global Self-Healing Grid market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region in terms of revenue and market share owing to self-healing grid technologies as well as increasing government initiatives for development of power distribution grids in the region. However, Asia-Pacific is expected to exhibit at high growth rate / CAGR over the forecast period of 2019-2026 owing to the increasing investment in the advanced grid infrastructure and fault detection systems and rising population with tremendous energy demand thereby, driving the demand for self-healing grid in the region.
Major market player included in this report are:
Benchmarking
ABB
Eaton
Siemens
GE
G&W
Schneider Electric
Landis+Gyr
Cisco
Oracle
Infosys
Sentient Energy
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Hardware
Software & Services
By Application:
Distribution Lines
Transmission Lines
By End-User:
Public Utility
Private Utility
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2016, 2017
Base year - 2018
Forecast period - 2019 to 2026
Target Audience of the Global Self-Healing Grid Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
