Global Self healing grid market: Market Research by Knowledge Sourcing Intelligence

The Emerging Self Healing Grid Market and Its Segment

Distribution and transmission systems are growing complex due to the integration of conventional power sources such as thermal power and non-conventional power sources including solar, wind, and hydro among others. Self healing grids are essential and are in demand owing to higher reliability, stability, and efficiency. Self healing grids establish communication with all of its four components which include generation, transmission, distribution, and consumers. The global self healing grid market is significantly driven by increasing cyber attacks on national grids. Also, the ability to anticipate and respond to system disturbances within limited time frame, is augmenting the demand for self healing grids across all geographic regions. Moreover, complexities in integrating different power sources such as solar, hydro, wind, and tidal among others into a common grid, is heightening the market growth of self healing grids across the globe. Furthermore, the market has ample of opportunities in modernization of the traditional grid system prevailing in most of the countries. However, lack of skilled workforce along with improper electrical infrastructure will restrain the growth of self healing grid market across the mentioned regions during the forecast period.

On the basis of application, self healing grid market is bifurcated into power transmission and power distribution. The self healing grid market analysis shows that both, transmission as well as distribution lines are the grid connected entities. Transmission lines are responsible for exporting electricity from generators to respective distribution networks. The distribution networks are then liable to export electricity to all the associated consumers. The exporting of the electricity is managed and controlled by the national grid.

On the basis of geography, self healing grid market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America. North America holds significant self healing grid market share owing to the early and rapid adoption of advanced technologies and high investment made in the research and development. Asia Pacific will experience the highest growth due to the increasing demand for more reliable, stable, and efficient grid system. Increasing adoption of the self healing grid systems in power sector will augment the growth for self healing grid market during the forecast period.

Competitive Landscape

Self healing grid market is highly competitive due to the presence of well diversified international, and regional companies. Some big international players dominate the market because of their brand image and market reach. With high market growth rate and increase in demand, the sector is attracting more players to enter into the market resulting in a more competitive self healing grid market. The competitive landscape gives a need to change of strategy and increase investment in order to boost up the presence, thereby increasing the self healing grid market size. The target market study done by Knowledge Sourcing Intelligence shows that the key players of self healing grid market are ABB, Siemens AG, IBM, General Electric Company, S&C Electric Company, CISCO, Eaton, Itron, and Schneider Electric among others.

Key questions answered in the report:

·    What has been the performance of Self Healing Grid Market and how it will perform in the future?

·    What are the key players in the target market study?

·    What are the various segments on which the market research is conducted?

·    What are the driving factors that are leading to the growth of the market?

·    What are the recent developments happening in the industry?