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Energy Industry News Releases

Grid Optimization Solutions Market to grow at a CAGR of 11.36% with Transition to smart grids

 



(EnergyIndustry.Net, March 05, 2018 ) Grid optimization solutions are compact electrical devices that are used to detect and monitor power system equipment. These devices monitor electrical equipment such as transformers, arrestors, power cables, and other equipment installed in power plants or substations along with the demand-side management in smart grids. These devices are used in residential areas and offices to enhance energy efficiency. The benefits of grid optimization are to reduce the overall cost of delivering power to users, increase the reliability of grids, and ensure the efficient use of assets, thereby deferring the investments in generation, transmission, and distribution assets.

Publisher's analysts forecast the global grid optimization solutions market to grow at a CAGR of 11.36% during the period 2017-2021.

FREE | Request Sample Copy @ http://www.reportsweb.com/inquiry&RW00011050471/sample

The transition from rigid structures to smart grids is driven by factors such as climate change policies, urbanization, and technological advancements. Smart grids offer advantages such as optimization to all grid functions by installing sensors, communication systems, and information technology. This makes the grid smarter and enables utilities to achieve the balance between cost, reliability, and efficiency. Moreover, this transition also assists utilities to obtain real-time control and improved data exchange that in turn will permit them to manage risks, maximize asset utilization, and carry out systematic maintenance to increase the network performance and efficiency.

Key vendors
-ABB
-Aclara Technologies
-Eaton
-General Electric

Other prominent vendors
-Advanced Control Systems
-Advanced Electronics Company
-Arbiter Systems
-Arteche
-BEIJING SIFANG AUTOMATION
-CGI Group
-Doble Engineering Company
-EKM Metering
-Electric Power Group
-Elster Group (owned by Honeywell)

Have any query? Enquire about report @ http://www.reportsweb.com/inquiry&RW00011050471/buying

Market driver
-Transition to smart grids

Market challenge
-Concerns over cybersecurity

Market trend
-Changing energy landscape and increased demand for power generation

Fundamentals of Table of Content:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Global construction market

PART 06: Market drivers

PART 07: Market trends

PART 08: Global AEC market

PART 09: Market segmentation by product

PART 10: Geographical segmentation

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Five forces model

PART 14: Key vendor analysis

PART 15: Key vendor profiles

Complete Report is Available @ http://www.reportsweb.com/global-grid-optimization-solutions-market-2017-2021

ReportsWeb.com

Rajat Sahni

+1-646-491-9876

sales@reportsweb.com

Source: EmailWire.Com

Renewable Energy News




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