Self-Healing Grid Market 2018 | Global Industry Analysis, Manufacturers, Demand, Consumption and Opportunity Forecast To 2023

“Self-Healing Grid Market, predicted to grow at more than 9% by 2023 :rn”
Global Self-Healing Grid Market Report by Application (Transmission Lines and Distribution Lines), by Component (Hardware, and Software & Services), End-user and By Region – Global Forecast to 2023.

Self-Healing Grid Market Worldwide Top Key Players:-

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.


Self-Healing Grid Global Market Demand:-

According to a new report by Market Research Future (MRFR), the global Self-Healing Grid Market is anticipated to expand at 9 % CAGR during the forecasted period.  A self-healing grid uses real-time communication and digital component to monitor their electrical characteristics and provide a number of benefits that can support an efficient and a stable system.

The increasing government investments in smart energy infrastructure such as smart girds and a growing need to modernize the outdated power distribution systems, are creating a lucrative market for self-healing grids. Moreover, the increasing need to protect electrical utilities from cyber-attacks due to deployment of smart grids, is expected to boost the market further.


Self-Healing Grid 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.


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Global Self-Healing Grid Market Segmentation:-

The market has been segmented into private utility and public utility based on end-users, where public utility dominated the global market in 2016 due to requirement for energy efficiency and rising investment in grid modernization. Public utilities have a huge customer base and are funded by the government. It has also been witnessed to be the fastest growing packaging type in the coming five years.

The market has been segmented into software, hardware and services based on components. In 2016, hardware dominated the market and is witnessed to be the fastest growing segment. Sensors in hardware offer data related to utility assets, based on parameters like temperature, voltage, current, frequency and heat.

The market has been segmented into distribution lines and transmission lines based on application, where transmission lines has been witnessed to dominate the market through 2023. The worldwide dependency on transmission lines for proper current transmission is expected to boost this market.


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.


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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 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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