Self Healing Grid Market Size and Growth to 2026 | Key Players | Regional Analysis

Posted By : arorasurbhi on 2021-10-20   22:03:53    India
  Self Healing Grid Market


Self Healing Grid:

The self-healing grid is a system of sensors, automatic controls, and smart software that uses real-time distribution data to detect and isolate failures and reorganize the distribution network to limit the number of customers affected. Improved system dependability is one of the key objectives of a self-healing grid. This can be performed by reprogramming the distribution feeder's switches and reclosers. This is done to swiftly isolate the feeder's faulty area and restore service to as many consumers as possible using alternate sources/feeders.

Market Growth:

The Self Healing Grid Market was worth USD 1.98 billion in 2018 and is expected to reach USD 3.66 billion by 2026, with a CAGR of 9.10 per cent from 2019 to 2026.

The growing need to replace obsolete power distribution systems and increased government investments in smart energy infrastructure such as smart grids are generating a profitable market for self-healing grids. Furthermore, the growing necessity to defend electrical utilities from cyber-attacks resulting from smart grid deployment is likely to propel the market even higher.

Due to ongoing technical innovation in the energy sector combined with rising power consumption, the self-healing grid market is likely to see many developments over the forecast period. Multinationals and well-established corporations are also likely to invest heavily in the industry. In addition, several contracts and agreements between major EPCs and the government are predicted to be signed over the projected period, indicating that mergers and acquisitions will be prevalent.

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About Author

arorasurbhi Delhi India
I am a blogger and I write Report Oriented Blogs

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