$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

DUBLIN–(BUSINESS WIRE)–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 the 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 (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
  • G&W
  • GE
  • Infosys
  • Landis+Gyr
  • Oracle
  • S&C
  • Schneider Electric
  • Sentient Energy
  • Siemens

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

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
[email protected]
For
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related
Topics: Smart
Grid