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Self-Healing Grid 2018 Market Size, Industry Growth and Development Trends |Global Industry Profiles Analysis Research Report to 2023
Self-Healing Grid Global Market Report by Application (Transmission Lines and Distribution Lines), by Component , End-user and By Region - Global Forecast to 2023.
Published 27 July 2018
Market Overview:-
Self-healing grid has three primary functions, namely - anticipation, rapid isolation, and real-time monitoring and reaction. While real-time monitoring and reaction allow the system to tune itself into an optimal state, anticipation enables the system to look for problems automatically that can trigger larger disturbances. Rapid isolation lets the system to isolate parts that experience failure from the rest of the system to avoid disruption and enable rapid restoration. Hence, due to these functions, a self-healing smart grid system can reduce power outages. As the system is self-healing, it has an end-to-end resilience that overrides and detects human errors in power outages.
Self-healing grid is a system which incorporates automated controls, sensors, and advanced software. It uses real-time data to isolate and detect malfunctions and then reconfigures the distribution network to minimize the impact on customers. Improving system reliability is one of the major objectives of a self-healing grid. This can be achieved by reconfiguring the reclosures and switches installed on the distribution feeder.
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Industrial Developments:-
Eaton’s Automatic Source Transfer (ATS) solutions safeguard crucial loads that cannot tolerate sustained loss of voltage event. With the help of flexible, rapid communication and user-selectable restoration options, the solution helps to minimize service disruption and re-energizes critical customers.
Competition Analysis:-
Some of the prominent players operating the global market for self-healing grid system are Sentient Energy Inc. (U.S.), General Electric Company (U.S.), S & C Electric Company (U.S.), Siemens AG (Germany), ABB Ltd. (Switzerland), and many more.
Global Self-Healing Grid Market Segmentation:-
Global self-healing grid market has been segmented based on application, component, end-user and region. Based on applications the market is segmented as transmission lines and distribution lines. Among these, transmission lines, is projected to dominate the self-healing 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 self-healing systems. Based on components, the market is segmented into hardware, and software & services. Hardware dominated the market in 2016 and is projected to be the fastest-growing component segment. The sensors in the hardware segment provides 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 end-user, the market has been segmented into public utility, and private utility. As a result of increasing investments in grid modernization and requirement for energy efficiency, public utility dominated the market in 2016. It has also been projected to be the fastest-growing packaging type over the next five years. 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.
Scope of the Report:-
This study provides an overview of the global self-healing grid market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the self-healing grid market by its application, by component, by utility type and by region.
By Application
Complete Report Details @ https://www.marketresearchfuture.com/reports/self-healing-grid-market-5442
By Regions
Self-Healing Grid Market 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 2017 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.
Self-healing grid has three primary functions, namely - anticipation, rapid isolation, and real-time monitoring and reaction. While real-time monitoring and reaction allow the system to tune itself into an optimal state, anticipation enables the system to look for problems automatically that can trigger larger disturbances. Rapid isolation lets the system to isolate parts that experience failure from the rest of the system to avoid disruption and enable rapid restoration. Hence, due to these functions, a self-healing smart grid system can reduce power outages. As the system is self-healing, it has an end-to-end resilience that overrides and detects human errors in power outages.
Self-healing grid is a system which incorporates automated controls, sensors, and advanced software. It uses real-time data to isolate and detect malfunctions and then reconfigures the distribution network to minimize the impact on customers. Improving system reliability is one of the major objectives of a self-healing grid. This can be achieved by reconfiguring the reclosures and switches installed on the distribution feeder.
Get Sample Report @ https://www.marketresearchfuture.com/sample_request/5442
Industrial Developments:-
Eaton’s Automatic Source Transfer (ATS) solutions safeguard crucial loads that cannot tolerate sustained loss of voltage event. With the help of flexible, rapid communication and user-selectable restoration options, the solution helps to minimize service disruption and re-energizes critical customers.
Competition Analysis:-
Some of the prominent players operating the global market for self-healing grid system are Sentient Energy Inc. (U.S.), General Electric Company (U.S.), S & C Electric Company (U.S.), Siemens AG (Germany), ABB Ltd. (Switzerland), and many more.
Global Self-Healing Grid Market Segmentation:-
Global self-healing grid market has been segmented based on application, component, end-user and region. Based on applications the market is segmented as transmission lines and distribution lines. Among these, transmission lines, is projected to dominate the self-healing 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 self-healing systems. Based on components, the market is segmented into hardware, and software & services. Hardware dominated the market in 2016 and is projected to be the fastest-growing component segment. The sensors in the hardware segment provides 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 end-user, the market has been segmented into public utility, and private utility. As a result of increasing investments in grid modernization and requirement for energy efficiency, public utility dominated the market in 2016. It has also been projected to be the fastest-growing packaging type over the next five years. 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.
Scope of the Report:-
This study provides an overview of the global self-healing grid market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the self-healing grid market by its application, by component, by utility type and by region.
By Application
- Transmission Lines
- Distribution Lines
- Hardware
- Software & Services
- By End-user
- Public Utility
- Private Utility
Complete Report Details @ https://www.marketresearchfuture.com/reports/self-healing-grid-market-5442
By Regions
- North America
- Asia Pacific
- Europe
- Rest of the World
Self-Healing Grid Market 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 2017 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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