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
[120 Pages Report] The global self-healing grid market was valued at USD 1.58 Billion in 2016 and is projected to grow at a CAGR of 9.07%, during the forecast period, to reach USD 2.66 Billion by 2022. Government policies and legislative mandates for transmission & distribution utilities, complexity in distributed energy generation and the need to protect electric utilities from cyber attacks are the major factors driving the market of self-healing grid. Modernization of aging grid infrastructure is one of the major opportunities for this market.
Objectives of the Study
- To define, describe, segment, and forecast the global self-healing grid market on the basis of component, application, end-user, and region
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the market with respect to individual growth trends and contributions of each segment to the market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for companies in this industry
- To strategically profile key players and comprehensively analyze their market shares
- To track and analyze competitive developments such as contracts and agreements, investments and expansions, new product developments, and mergers & acquisitions in the market
Research Methodology
This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global market. The primary sources include industry experts from core and related industries such as such as electric utilities, OEMs, systems providers and verify critical qualitative and quantitative information and certification organizations of companies, and organizations related to all the segments of this industrys value chain.
The points below explain the research methodology.
- Study of annual revenues and market developments of major players that provide self-healing grid solutions
- Analyses of major end-users and applications of self-healing grid
- Assessment of future trends and growth of the market
- Assessment of the market with respect to type of application
- Study of the new product development related to the market by key players across different regions
- Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chains, and annual revenues of companies providing self-healing grid technology across the globe.
After arriving at the overall market size, the total self-healing grid market has been split into several segments and sub-segments. The figure below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.
To know about the assumptions considered for the study, download the pdf brochure
Market Ecosystem:
The ecosystem of the global self-healing grid market starts with the hardware suppliers, which marks as the first stage in the ecosystem. The second stage is the assimilation of all hardware components and synchronizing the same with the software solution. This is majorly provided by self-healing grid solution providers. These solutions are installed in applications such as distribution and transmission and distribution line. Once the self-healing grid system is installed the service and maintenance activity is provided by solution providers. This maps the whole ecosystem for market.
Target Audience:
The reports target audience includes the following:
- Utility authorities (public and private)
- Software and hardware solutions providers
- Distribution system operators
- Transmission system operators
- Government agencies
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
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Regional Analysis
Further breakdown of region or country-specific analyses
Company Information
Detailed analyses and profiling of additional market players (up to 5)
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 global 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 market due to significant government initiatives to promote grid modernization.
The report segments the self-healing grid market, by component, into hardware and software & services. The hardware segment is estimated to lead the market in 2017. The hardware segment is also projected to grow at the fastest rate during the forecast period due to the increasing deployment of additional sensing as well as communication devices as a part of self-healing grid solutions. In North America, the major demand for hardware is from utilities for converting a smart grid into self-healing grid. This will boost the overall hardware market for self-healing grid.
Based on end-user, public utility segment accounted for the largest market size in 2016. Government grants to public utilities is expected to drive the public utility segment of the market, by end-user.
The self-healing grid market has been analyzed with respect to four major regions, namely, North America, Europe, Asia Pacific, and the rest of the world. The market in North America is expected to lead the global 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 market in North America. 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 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.
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Table of Contents
1 Introduction (Page No. - 12)
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitation
1.6 Stakeholders
2 Research Methodology (Page No. - 15)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 23)
4 Premium Insights (Page No. - 27)
4.1 Attractive Opportunities in the Self-Healing Grid Market During the Forecast Period
4.2 Market, By Country
4.3 North American Market, By Country & Component
4.4 Self-Healing Grid Market, By Component
4.5 Market, By Application
4.6 Market, By Utility
5 Market Overview (Page No. - 31)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Protection of Electric Utilities From Cyber Attack
5.2.1.2 Government Policies and Legislative Mandates Regarding Smart Grid Technologies
5.2.1.3 Complexity in Distributed Energy Generation
5.2.2 Restraints
5.2.2.1 High Initial Cost for Deploying Self-Healing Grid Technologies
5.2.3 Opportunities
5.2.3.1 Advancement in Communication Technologies
5.2.3.2 Modernization of Aging Grid Infrastructure
5.2.4 Challenges
5.2.4.1 Low Acceptance Level of Self-Healing Grid in Developing Nations
6 Self Healing Grid Market, By Component (Page No. - 35)
6.1 Introduction
6.2 Hardware
6.2.1 Sensing Devices
6.2.1.1 Smart Sensors
6.2.1.2 Reclosers/Sectionalizers
6.2.1.3 Voltage Regulators
6.2.1.4 Fault Circuit Indicators
6.2.1.5 Others
6.2.2 Communication Devices
6.2.2.1 Fiber Optic/Ethernet
6.2.2.2 Mesh Radios
6.2.2.3 Cellular Network
6.2.2.4 Others
6.3 Software & Services
7 Market, By Application (Page No. - 46)
7.1 Introduction
7.2 Distribution Lines
7.3 Transmission Lines
8 Market, By End-User (Page No. - 49)
8.1 Introduction
8.2 Public Utility
8.3 Private Utility
9 Market, By Region (Page No. - 53)
9.1 Introduction
9.2 North America
9.2.1 By End-User
9.2.2 By Component
9.2.2.1 By Hardware
9.2.2.1.1 By Sensing Devices
9.2.2.1.2 By Communication Network
9.2.3 By Application
9.2.4 By Country
9.2.4.1 US
9.2.4.2 Canada
9.2.4.3 Mexico
9.3 Europe
9.3.1 By Component
9.3.1.1 By Hardware
9.3.1.1.1 By Sensing Devices
9.3.1.1.2 By Communication Devices
9.3.2 By Application
9.3.3 By Country
9.3.3.1 Germany
9.3.3.2 UK
9.3.3.3 Italy
9.3.3.4 France
9.3.3.5 Rest of Europe
9.4 Asia Pacific
9.4.1 By End-User
9.4.2 By Component
9.4.2.1 By Hardware
9.4.2.1.1 By Sensing Devices
9.4.2.1.2 By Communication Devices
9.4.3 By Application
9.4.4 By Country
9.4.4.1 China
9.4.4.2 Japan
9.4.4.3 South Korea
9.4.4.4 India
9.4.4.5 Australia
9.4.4.6 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 By End-User
9.5.2 By Component
9.5.2.1 By Hardware
9.5.2.1.1 By Sensing Devices
9.5.2.1.2 By Communication Devices
9.5.3 By Application
9.5.4 By Country
9.5.4.1 Saudi Arabia
9.5.4.2 Argentina
9.5.4.3 Brazil
9.5.4.4 South Africa
9.5.4.5 UAE
9.5.4.6 Other Countries
10 Competitive Landscape (Page No. - 83)
10.1 Introduction
10.2 Ranking of Players and Market Structure, 2016
10.3 Competitive Scenario
10.3.1 New Product Launches
10.3.2 Investments & Expansions
10.3.3 Mergers & Acquisitions
10.3.4 Contracts & Agreements
10.3.5 Others (Partnerships/Collaborations/Joint Ventures/Awards & Recognitions)
11 Company Profiles (Page No. - 89)
11.1 Benchmarking
Business Overview, Products Offered, Recent Developments, MnM View
11.2 ABB
11.3 Eaton
11.4 Siemens
11.5 GE
11.6 G&W
11.7 S&C
11.8 Schneider Electric
11.9 Landis+Gyr
11.10 Cisco
11.11 Infosys
11.12 Oracle
11.13 Sentient Energy
*Details Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 113)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details
List of Tables (72 Tables)
Table 1 Self-Healing Grid Market
Table 2 Global Self-Healing Grid Market Size, By Component, 20152022 (USD Million)
Table 3 Hardware: Market Size, By Region, 20152022 (USD Million)
Table 4 Hardware: Market Size, By Type, 20152022 (USD Million)
Table 5 Sensing Devices: Market Size, By Type of Sensing Device, 20152022 (USD Million)
Table 6 Smart Sensors: Market Size, By Region, 20152022 (USD Million)
Table 7 Reclosers/Sectionalizers: Market Size, By Region, 20152022 (USD Million)
Table 8 Voltage Regulators: Market Size, By Region, 20152022 (USD Million)
Table 9 Fault Circuit Indicators: Market Size, By Region, 20152022 (USD Million)
Table 10 Others: Market Size, By Region, 20152022 (USD Million)
Table 11 Communication Devices: Market Size, By Type of Communication Devices, 20152022 (USD Million)
Table 12 Fiber Optic/Ethernet: Market Size, By Region, 20152022 (USD Million)
Table 13 Mesh Radios: Market Size, By Region, 20152022 (USD Million)
Table 14 Cellular Network: Market Size, By Region, 20152022 (USD Million)
Table 15 Others: Self-Healing Grid Market Size, By Region, 20152022 (USD Million)
Table 16 Software & Services: Market Size, By Region, 20152022 (USD Million)
Table 17 Global Market Size, By Application, 20152022 (USD Million)
Table 18 Distribution Lines: Market Size, By Region, 20152022 (USD Million)
Table 19 Transmission Lines: Market Size, By Region, 20152022 (USD Million)
Table 20 Global Market Size, By End-User, 20152022 (USD Million)
Table 21 Public Utility: Market Size, By Region, 20152022 (USD Million)
Table 22 Private Utility: Market Size, By Region, 20152022 (USD Million)
Table 23 Global Market, By Region, 20152022 (USD Million)
Table 24 North America: Market Size, By End-User, 20152022 (USD Million)
Table 25 North America: Market Size, By Component, 20152022 (USD Million)
Table 26 North America: Market Size, By Hardware, 20152022 (USD Million)
Table 27 North America: Market Size, By Sensing Devices, 20152022 (USD Million)
Table 28 North America: Market Size, By Communication Network, 20152022 (USD Million)
Table 29 North America: Market Size, By Application, 20152022 (USD Million)
Table 30 North America: Market Size, By Country, 20152022 (USD Million)
Table 31 US: Market Size, By End-User, 20152022 (USD Million)
Table 32 Canada: Market Size, By End-User, 20152022 (USD Million)
Table 33 Mexico: Market Size, By End-User, 20152022 (USD Million)
Table 34 Europe: Market Size, By End-User, 20152022 (USD Million)
Table 35 Europe: Market Size, By Component, 20152022 (USD Million)
Table 36 Europe: Market Size, By Hardware, 20152022 (USD Million)
Table 37 Europe: Market Size, By Sensing Devices, 20152022 (USD Million)
Table 38 Europe: Market Size, By Communication Devices, 20152022 (USD Million)
Table 39 Europe: Market Size, By Application, 20152022 (USD Million)
Table 40 Europe: Self-Healing Grid Market Size, By Country, 20152022 (USD Million)
Table 41 Germany: Market Size, By End-User, 20152022 (USD Million)
Table 42 UK: Market Size, By End-User, 20152022 (USD Million)
Table 43 Italy: Market, By End-User, 20152022 (USD Million)
Table 44 France: Market Size, By End-User, 20152022 (USD Million)
Table 45 Rest of Europe: Market Size, By End-User, 20152022 (USD Million)
Table 46 Asia Pacific: Market Size, By End-User, 20152022 (USD Million)
Table 47 Asia Pacific: Market Size, By Component, 20152022 (USD Million)
Table 48 Asia Pacific: Market Size, By Hardware, 20152022 (USD Million)
Table 49 Asia Pacific: Market Size, By Sensing Devices, 20152022 (USD Million)
Table 50 Asia Pacific: Market Size, By Communication Devices, 20152022 (USD Million)
Table 51 Asia Pacific: Market Size, By Application, 20152022 (USD Million)
Table 52 Asia Pacific: Market Size, By Country, 20152022 (USD Million)
Table 53 China: Market Size, By End-User, 20152022 (USD Million)
Table 54 Japan: Market, By End-User, 20152022 (USD Million)
Table 55 South Korea: Market Size, By End-User, 20152022 (USD Million)
Table 56 India: Market Size, By End-User, 20152022 (USD Million)
Table 57 Australia: Market Size, By End-User, 20152022 (USD Million)
Table 58 Rest of Asia Pacific: Market, By End-User, 20152022 (USD Million)
Table 59 Rest of the World: Market Size, By End-User, 20152022 (USD Million)
Table 60 Rest of the World: Market Size, By Component, 20152022 (USD Million)
Table 61 Rest of the World: Self-Healing Grid Market Size, By Hardware, 20152022 (USD Million)
Table 62 Rest of the World: Market Size, By Sensing Devices, 20152022 (USD Million)
Table 63 Rest of the World: Market Size, By Communication Devices, 20152022 (USD Million)
Table 64 Rest of the World: Market Size, By Application, 20152022 (USD Million)
Table 65 Rest of the World: Market Size, By Country, 20152022 (USD Million)
Table 66 Saudi Arabia: Market Size, By End-User, 20152022 (USD Million)
Table 67 Argentina: Self-Healing Grid Market, By End-User, 20152022 (USD Million)
Table 68 Brazil: Market, By End-User, 20152022 (USD Million)
Table 69 South Africa: Market, By End-User, 20152022 (USD Million)
Table 70 UAE: Market, By End-User, 20152022 (USD Million)
Table 71 Others: Self-Healing Grid Market Size, By End-User, 20152022 (USD Million)
Table 72 ABB Led the Self-Healing Market in 2016
List of Figures (31 Figures)
Figure 1 Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 The Hardware Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 6 The Public Utility Segment Dominated the Self-Healing Grid Market in 2016
Figure 7 The Distribution Lines Segment Dominated the Self-Healing Grid Market in 2016
Figure 8 North America Held the Largest Share of the Market in 2016
Figure 9 Requirement for the Protection of Utilities is Driving the Market During the Forecast Period
Figure 10 The Indian Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 11 The US Accounted for the Largest Share of the North American Market in 2016
Figure 12 The Hardware Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 The Distribution Lines Segment is Expected to Dominate the Market During the Forecast Period
Figure 14 The Public Utility Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 Global Self-Healing Grid Market: Drivers, Restraints, Opportunities & Challenges
Figure 16 Hardware Segment is Expected to Be Largest Market for Self-Healing Grid, 20172022
Figure 17 Distribution Lines is the Largest Market for Self-Healing Grid, 20172022
Figure 18 Public Utility Segment is Expected to Dominate the During the Forecast Period
Figure 19 Regional Snapshot: Market, 20172022
Figure 20 North America: Self-Healing Grid Market Snapshot
Figure 21 Europe: Market Snapshot
Figure 22 Key Developments in the Market, 20142017
Figure 23 ABB: Company Snapshot
Figure 24 Eaton: Company Snapshot
Figure 25 Siemens: Company Snapshot
Figure 26 GE: Company Snapshot
Figure 27 Schneider Electric: Company Snapshot
Figure 28 Landis+Gyr: Company Snapshot
Figure 29 Cisco: Company Snapshot
Figure 30 Infosys: Company Snapshot
Figure 31 Oracle: Company Snapshot
Growth opportunities and latent adjacency in Self-Healing Grid Market