Self-Healing Grid Market Analysis and Prediction by Leading Manufacturers, Applications and Product Types with Region by 2023

Market Highlights

New energy has developed profoundly and will continue to develop rapidly. Though new energy has the advantages of less pollution and large reservation. It also has the disadvantages of low energy density, wide distribution intermittent supply and high cost. The self-healing of smart grid gives a solution to these problems, which will update the control and protection system of power grid. In China, self-healing focuses on automation, real-time monitoring and self-adjustment. In America and Europe, self-healing emphasizes on fast simulation decision, co-ordination/self-adaptive control. The future development of self-healing technologies will depend on advanced control, big data and artificial intelligence.

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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.

The global self-healing grid market is expected to grow at ~ 9% CAGR during the forecast period.

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

By Component

Hardware
Software & Services

By End-user

Public Utility
Private Utility

By Regions

North America
Asia Pacific
Europe
Rest of the World

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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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