Self-Healing Grid Market Recent Developments & Emerging Trends To 2022

The report "Self-Healing Grid Market by Component (Hardware and Software & Services), Application (Transmission and Distribution Lines), End-User (Public and Private Utility), and Region (NA, EU, APAC, Row) - Global Forecast to 2022", The self-healing grid market is expected to grow from an estimated value of USD 1.72 Billion in 2017 to USD 2.66 Billion by 2022, at a CAGR of 9.07% from 2017 to 2022. The global market is set to witness significant growth due to government policies and legislative mandates regarding T&D utilities, complexity in distributed energy generation, and the need for protection of electric utilities from cyber attack. Advancement in communication technologies presents a significant opportunity for the self-healing grid market.

Browse 72 market data Tables and 31 Figures spread through 120 Pages and in-depth TOC on "Self-Healing Grid Market - Global Forecast to 2022"

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Public Utility: The larger segment, by end-user, during the forecast period.

The public utility segment is expected to hold the majority share of the self-healing grid market during the forecast period. In North America and Asia Pacific, the majority of the utilities are public or nationalized. The public utilities such as Duke Energy, NextEra Energy, and PG&E are involved in the implementation of self-healing grid. These factors have resulted in the higher market share of the public utility segment in the self-healing grid market.

The hardware segment accounts for the larger share of the self-healing grid market, by component, during the forecast period.

The hardware segment is expected to be the larger market, by component, from 2017 to 2022. The factors driving the market for hardware include the increasing deployment of additional sensing as well as communication devices as a part of self-healing grid solutions.

Asia Pacific: The fastest-growing market for self-healing grid

In this report, the self-healing grid market has been analyzed with respect to four regions, namely, North America, Europe, Asia Pacific, and the rest of the World. In Asia Pacific, governments are focusing on increasing grid modernization. The Chinese market is expected to dominate the market in Asia Pacific. The self-healing grid market is expected to grow at a significant rate in countries such as India, Japan, and South-East Asian countries. The market in North America is expected to dominate the global self-healing grid market due to increasing investments in the energy sector and stringent regulatory frameworks related to the implementation of self-healing grid solutions.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the key players in the self-healing grid market. These include ABB (Switzerland), Siemens (Germany), GE (US), Eaton (Ireland), and Schneider Electric (France). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their market shares.

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Self-Healing Grid Market Comprehensive Insights and Growth Potential in The Future

The self-healing grid market is estimated to grow at a CAGR of 9.07%, from 2017 to 2022, to reach a projected value of USD 2.66 billion by 2022. A self healing grid is a combination of sensors, automated controls, and advanced software that helps in reducing the occurrence of power outages by identifying faults and taking necessary action. A self-healing grid also utilizes real-time distribution data to identify the fault and isolate the fault area, thus, increasing grid reliability. Modernization of aging grid infrastructure is one of the major opportunities for the self-healing grid market.

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Asia Pacific is expected to be the fastest-growing market for self-healing grid from 2017 to 2022. The growing focus on modernizing the grid, mostly in China and Japan, along with increasing government initiatives in the deployment of new communication technologies in the grid, has led to a growth in the demand for self-healing grid. China and Japan are expected to be the two largest markets for self-healing grid in the region in 2017. Government support for reliable power supply through minimizing the power outage in both countries will drive the self-healing grid market. Moreover, the market is also expected to grow significantly in countries such as India and South Korea during the forecast period. Factors such as enhancing the ability to optimize the energy allocation in the distribution network and integration of new power generation capacity from renewable energy resources are driving the self-healing grid market in India and South Korea.

Scope of the Report:

    By Application

·         Distribution lines

·         Transmission lines

    By Component

·         Hardware

·         Software & Services

    By End-user

·         Public Utility

·         Private Utility

    By Region

·         North America

·         Europe

·         Asia Pacific

·         Rest of the World

Public utility is expected to be the fastest-growing segment of the self-healing grid market from 2017 to 2022, owing to the significant efforts being made by the government to extend the services of public utilities. The grants by the governments will help in modernizing the grid. This will boost the market for self-healing grid. North America and Asia Pacific are the fastest-growing markets for public utility and offer various business opportunities for self-healing grid solution providers in the public utilities segment. Major European companies such as ABB (Switzerland) and Eaton (Ireland) are involved in providing complete self-healing grid solutions. In Asia Pacific, governments are focusing on increasing the contribution of renewable energy sources to meet the domestic electricity demand. This will increase the grid complexity, thereby driving the market of self-healing grid, which helps to minimize the grid complexity.  

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The hardware sub-segment is expected to be the fastest-growing market, by component, from 2017 to 2022. These hardware devices include both sensing as well as communication devices, which are an integral part of the distribution network helping to mitigate the losses occurring from power outage.  The increasing deployment of hardware component in self-healing grid will drive the hardware segment.

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Market Research Report: $2.66 Billion Global Self-Healing Grid Market 2017-2022

According to the new market research report "Self-Healing Grid Market by Component (Hardware and Software & Services), Application (Transmission and Distribution Lines), End-User (Public and Private Utility), and Region (NA, EU, APAC, Row) ", published by MarketsandMarkets™, the self-healing grid market is estimated to grow at a CAGR of 9.07%, from 2017 to 2022, to reach a projected value of USD 2.66 billion by 2022.

Don’t miss out on business opportunities in Self-Healing Grid Market. Download our PDF Brochure and gain crucial industry insights that will help your business grow:

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A self healing grid is a combination of sensors, automated controls, and advanced software that helps in reducing the occurrence of power outages by identifying faults and taking necessary action. A self-healing grid also utilizes real-time distribution data to identify the fault and isolate the fault area, thus, increasing grid reliability. Modernization of aging grid infrastructure is one of the major opportunities for the self-healing grid market.

Asia Pacific is expected to be the fastest-growing market for self-healing grid from 2017 to 2022. The growing focus on modernizing the grid, mostly in China and Japan, along with increasing government initiatives in the deployment of new communication technologies in the grid, has led to a growth in the demand for self-healing grid. China and Japan are expected to be the two largest markets for self-healing grid in the region in 2017. Government support for reliable power supply through minimizing the power outage in both countries will drive the self-healing grid market. Moreover, the market is also expected to grow significantly in countries such as India and South Korea during the forecast period. Factors such as enhancing the ability to optimize the energy allocation in the distribution network and integration of new power generation capacity from renewable energy resources are driving the self-healing grid market in India and South Korea.

Browse and in-depth TOC on " Self-Healing Grid Market"

72 - Tables

31 - Figures

120 - Pages

View more detailed TOC @

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Public utility is expected to be the fastest-growing segment of the self-healing grid market from 2017 to 2022, owing to the significant efforts being made by the government to extend the services of public utilities. The grants by the governments will help in modernizing the grid. This will boost the market for self-healing grid. North America and Asia Pacific are the fastest-growing markets for public utility and offer various business opportunities for self-healing grid solution providers in the public utilities segment. Major European companies such as ABB (Switzerland) and Eaton (Ireland) are involved in providing complete self-healing grid solutions. In Asia Pacific, governments are focusing on increasing the contribution of renewable energy sources to meet the domestic electricity demand. This will increase the grid complexity, thereby driving the market of self-healing grid, which helps to minimize the grid complexity.   

The hardware sub-segment is expected to be the fastest-growing market, by component, from 2017 to 2022. These hardware devices include both sensing as well as communication devices, which are an integral part of the distribution network helping to mitigate the losses occurring from power outage.  The increasing deployment of hardware component in self-healing grid will drive the hardware segment.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the key players in the self-healing grid market. These include ABB (Switzerland), Siemens (Germany), GE (US), Eaton (Ireland), and Schneider Electric (France). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their market shares.

Browse Adjacent Markets @ Energy and Power Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the cu0072ve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.
630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

Email: sales@marketsandmarkets.com