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$2.66 Billion Global Self-Healing Grid Market 2017-2022 with ABB, Siemens, GE, Eaton, and Schneider Electric Dominating the Market - ResearchAndMarkets.com
[January 16, 2018]

$2.66 Billion Global Self-Healing Grid Market 2017-2022 with ABB, Siemens, GE, Eaton, and Schneider Electric Dominating the Market - ResearchAndMarkets.com


The "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" report has been added to ResearchAndMarkets.com's offering.

The global self-healing grid market is estimated to be USD 1.72 Billion in 2017 and is projected to grow at a CAGR of 9.07%, from 2017 to 2022, to reach a market size of USD 2.66 Billion by 2022.

The self-healing grid market is driven by factors such as the government policies and legislative mandates for T&D utilities, complexity in distributed energy generation, and the need for protection of electric utilities from cyber attack. The emerging markets in Asia Pacific present a great opportunity for the self-healing grid market due to significant government initiatives to promote grid modernization.

The market in North America is expected to lead the global self-healing grid market by 2022. The market size in this region can be attributed to the increasing focus on grid modernization, of which self-healing grid is a part. Countries such as US and Canada are te key markets for self-healing grid in North America. The stringent regulatory framework regarding self-healing grid in the region is expected to drive the self-healing grid market in North America.



Self-healing grid market in the Asia Pacific region is expected to grow at the fastest CAGR during the forecast period. The key countries to demand self-healing grid technology in this region are China and India. Investment in the advanced grid infrastructure and fault detection systems will drive self-healing grid market in the Asia Pacific region.

The key players in the self-healing grid market include ABB (Switzerland), Siemens (News - Alert) (Germany), GE (US), Eaton (Ireland), and Schneider Electric (France). Contracts & Agreements was the most commonly adopted strategy by the top players in the market from 2014 to 2017. It was followed by new product developments, mergers & acquisitions, and investments and expansions.


Market Dynamics

Drivers

  • Protection of Electric Utilities From Cyber Attack
  • Government Policies and Legislative Mandates Regarding Smart Grid Technologies
  • Complexity in Distributed Energy Generation

Restraints

  • High Initial Cost for Deploying Self-Healing Grid Technologies

Opportunities

  • Advancement in Communication Technologies
  • Modernization of Aging Grid Infrastructure

Challenges

  • Low Acceptance Level of Self-Healing Grid in Developing Nations

Companies Mentioned

  • ABB
  • Cisco
  • Eaton (News - Alert)
  • G&W
  • GE
  • Infosys
  • Landis+Gyr
  • Oracle
  • S&C
  • Schneider Electric (News - Alert)
  • Sentient Energy
  • Siemens

For more information about this report visit https://www.researchandmarkets.com/research/jc39lx/2_66_billion?w=4


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