Market Overview:
The global self-healing grid market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for reliable and efficient power supply, rising concerns over grid security, and growing investments in smart grids. The hardware segment is expected to dominate the global self-healing grid market during the forecast period. This can be attributed to the increasing demand for advanced equipment for smart grids such as sensors, meters, and controllers. The software segment is projected to grow at a higher CAGR than the services segment during the forecast period. This can be attributed to the increasing adoption of software solutions by utilities for improving operational efficiency and reducing costs. In terms of application, distribution lines are expected to account for a larger share ofthe global self-healing grid market than transmission lines duringthe forecast period. This can be attributedto th egrowing need toreduce lossesand improve reliabilityin distribution networks .
Product Definition:
Self-Healing Grid is a technology that allows the grid to automatically detect, isolate, and correct faults in the grid. This is important because it helps keep the grid stable and reduces outages.
Hardware:
Hardware is the part of technology that includes sensors, actuators, controllers and other electronic devices. The hardware used in self-healing grid is used to monitor and control power flow for efficient distribution as well as to detect any fault in electrical equipment. Hardware components are majorly categorized into two types: passive and active.
Software & Services:
Software and services are used in self-healing grid market to make the grid more robust, reliable, adaptive and intelligent. The software is designed for large scale integration with cloud computing technologies. It helps in overcoming limitations of traditional grids such as lack of scalability, reliability on power delivery etc.
The need for integrating renewable sources of energy has led to an increase in investments by governments across the world towards installation of solar panels at homes.
Application Insights:
The global self-healing grid market is segmented on the basis of application into distribution lines, transmission lines and others. The distribution line segment accounted for a major share in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to factors such as rising demand for high-speed data transfer services, growing number of smart cities initiatives across the globe and increasing penetration of IoT devices in urban areas.
The transmission line segment is anticipated to exhibit considerable growth over the forecast period owing to factors such as rapid industrialization, population expansion along with rising need for electricity supply across various regions including Asia Pacific, Middle East & Africa and North America. In addition, stringent government regulations regarding greenhouse gas emissions are expected to drive investments by power generation companies in renewable energy sources including wind turbines and solar panels which will further propel demand over the next few years.
Regional Analysis:
Asia Pacific regional market accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The region has been witnessing a growing demand for self-healing grids from several key sectors, such as distribution, transportation & storage, and oil & gas. This growth can be attributed to increasing cyberattacks on critical infrastructure systems that trigger blackouts across large geographical areas.
The Asia Pacific regional market is expected to witness significant growth over the forecast period owing to rising investments in smart grid deployment projects by governments of various countries including China, India, Japan, South Korea and Taiwan among others. These government initiatives are aimed at improving power quality while simultaneously reducing electricity costs through advanced technologies such as self-healing grids that facilitate continuous power supply during outages.
North America was estimated as one of the prominent markets with U S$ 740 million worth investments announced by Honeywell International Inc.
Growth Factors:
- Increasing demand for uninterrupted and reliable power supply
- Growing need for energy-efficient and smart grid technologies
- Rising concerns over grid security and resilience
- Proliferation of renewable energy sources
- Accelerating deployment of self-healing grids across the globe
Scope Of The Report
Report Attributes
Report Details
Report Title
Self-Healing Grid Market Research Report
By Type
Hardware, Software & Services
By Application
Distribution Lines, Transmission Lines
By Companies
ABB, Eaton, Siemens, GE, G&W, S&C, Schneider Electric, Landis+Gyr, Cisco, Infosys, ABB, Sentient Energy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Self-Healing Grid Market Report Segments:
The global Self-Healing Grid market is segmented on the basis of:
Types
Hardware, Software & Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Distribution Lines, Transmission Lines
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Eaton
- Siemens
- GE
- G&W
- S&C
- Schneider Electric
- Landis+Gyr
- Cisco
- Infosys
- ABB
- Sentient Energy
Highlights of The Self-Healing Grid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software & Services
- By Application:
- Distribution Lines
- Transmission Lines
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Self-Healing Grid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Self-Healing Grid is a term used to describe a type of energy field that can help heal and protect people and objects.
Some of the major companies in the self-healing grid market are ABB, Eaton, Siemens, GE, G&W, S&C, Schneider Electric, Landis+Gyr, Cisco, Infosys, ABB, Sentient Energy.
The self-healing grid market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Self-Healing Grid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Self-Healing Grid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Self-Healing Grid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Self-Healing Grid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Self-Healing Grid Market Size & Forecast, 2018-2028
4.5.1 Self-Healing Grid Market Size and Y-o-Y Growth
4.5.2 Self-Healing Grid Market Absolute $ Opportunity
Chapter 5 Global Self-Healing Grid Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Self-Healing Grid Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software & Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Self-Healing Grid Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Self-Healing Grid Market Size Forecast by Applications
6.2.1 Distribution Lines
6.2.2 Transmission Lines
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Self-Healing Grid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Self-Healing Grid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Self-Healing Grid Analysis and Forecast
9.1 Introduction
9.2 North America Self-Healing Grid Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Self-Healing Grid Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software & Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Self-Healing Grid Market Size Forecast by Applications
9.10.1 Distribution Lines
9.10.2 Transmission Lines
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Self-Healing Grid Analysis and Forecast
10.1 Introduction
10.2 Europe Self-Healing Grid Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Self-Healing Grid Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software & Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Self-Healing Grid Market Size Forecast by Applications
10.10.1 Distribution Lines
10.10.2 Transmission Lines
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Self-Healing Grid Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Self-Healing Grid Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Self-Healing Grid Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software & Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Self-Healing Grid Market Size Forecast by Applications
11.10.1 Distribution Lines
11.10.2 Transmission Lines
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Self-Healing Grid Analysis and Forecast
12.1 Introduction
12.2 Latin America Self-Healing Grid Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Self-Healing Grid Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software & Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Self-Healing Grid Market Size Forecast by Applications
12.10.1 Distribution Lines
12.10.2 Transmission Lines
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Self-Healing Grid Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Self-Healing Grid Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Self-Healing Grid Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software & Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Self-Healing Grid Market Size Forecast by Applications
13.10.1 Distribution Lines
13.10.2 Transmission Lines
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Self-Healing Grid Market: Competitive Dashboard
14.2 Global Self-Healing Grid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Eaton
14.3.3 Siemens
14.3.4 GE
14.3.5 G&W
14.3.6 S&C
14.3.7 Schneider Electric
14.3.8 Landis+Gyr
14.3.9 Cisco
14.3.10 Infosys
14.3.11 ABB
14.3.12 Sentient Energy
