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Self-healing Grid Market to Rear Excessive Growth During 2025
by omkartmr · January 11, 2019
The usage of electric power distribution systems has been rising due to the increase in demand for electric vehicles and distributed energy resources such as stored energy and renewable sources. The self-healing grid is a system includes automated controls, advanced software Evan Longoria Jersey , and sensors that utilizes real-time distribution data to isolate and detect faults and to reconfigure the distribution network. It assure grid stability and improve reliability. These grid employ real-time communication technologies and digital components to monitor electrical characteristics. They can also provide numerous benefits that support an efficient and stable system. Self-healing grid provides reaction and real-time monitoring, which lets the system to continuously adjust itself to an optimum state. Self-healing grid enables the system for more fast restoration and to avoid the spread of interruption.
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Cyber-attack security of electric utilities, adoption of legislative mandates and government policies for smart grid technologies Tampa Bay Rays Jersey , and mitigation of difficulty in distributed energy generation are key factors propelling the self-healing grid market. However, low acceptance and high initial installation cost of self-healing grid technologies in developing nations are hampering the market. Nevertheless, innovation in communication technologies and upgrading of aging grid infrastructure can resolve these issues. Various technologies must be arrayed and integrated in order to transform existing infrastructure into a self-healing smart grid. The smart grid system contains micro grids Harrison Bader Jersey , which are mostly self-sufficient power systems. Self-healing grid is a system that encompasses automated controls, advanced software, and sensors that can employ real-time distribution data to identify Paul Goldschmidt Jersey , reconfigure the distribution network, and isolate errors.
The self-healing grid market can be segmented based on application, component Dexter Fowler Jersey , end-use, and region. Based on application, the market can be divided into transmission lines and distribution lines. Based on component Andrew Miller Jersey , the market can be bifurcated into software & services and hardware. Hardware was a rapidly growing segment in 2016 due to the increase in installation of several hardware components to make self-healing smart grids. North America and Europe are anticipated to drive the market during the forecast period due to the increasing deployment of hardware components in these regions. Based on end-use, the market can be segregated into private utility and public utility. The public utility segment is expected to account for key share of the market in the near future as most public utilities in countries such as India and the U.S. are likely to invest in self-healing grid technologies.