“Self-Healing Grid Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on self-healing grid market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for self-healing grid? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The self-healing grid market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Component: Hardware; Software and Services
- 2) By Application: Transmission Lines; Distribution Lines
- 3) By End-User: Public Utility; Private Utility
- Companies Mentioned: Siemens AG; General Electric Company; S & C Electric Company; Eaton Corporation plc; Schneider Electric SE
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the self-healing grid market are Siemens AG, General Electric Company, S & C Electric Company, Eaton Corporation plc, Schneider Electric SE, Oracle Corporation, Landis+Gyr Corporation, Itron, Sprecher Automation, Georgia Power, Eastern Green Power Pte Ltd., EnergyTech Global Pvt. Ltd., Hitachi Ltd., Open Systems International, and DNV GL.
The global self-healing grid market is expected to grow from $1.93 billion in 2022 to $2.13 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The self-healing grid market is expected to grow to $3.10 billion in 2027 at a CAGR of 9.8%.
The self-healing grid market consists of revenues earned by entities by providing services such as advanced distribution management systems (ADMS), fault location isolation and service sestoration(FLISR) services. The market value includes the value of related goods sold by the service provider or included within the service offering. The self-healing grid market also includes sales of electric network, digital control appliance, and intelligent monitoring system which are used in providing self-healing grid services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
A self-healing grid refers to an intelligent network that makes use of sensing, control, and communication technology to provide real-time problem-solving for unforeseen events. These grid promote energy efficiency together with self-healing from power outages. It enable two-way secure information and power flow.
North America was the largest region in the self-healing grid market in 2022. The regions covered in the self-healing grid report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main components of a self-healing grid are hardware, software, and services. Hardware refers to the machine's mechanical and electronic components rather than its software. These are used in various applications such as transmission lines and distribution lines and are used in public utility and private utility.
The increasing adoption of clean energy sources such as wind and solar is expected to propel the growth of the self-healing grid market going forward. Clean energy sources are energy sources that are created utilising energy that is renewable, clean, and emits no emissions while using. The increasing production and adoption of clean energy sources requires self-healing grids as they enable integrated systems for large-scale renewable energy use. For instance, in October 2021, according to the Center for Climate and Energy Solutions, a US-based environmental nonprofit organization, in 2020, hydropower (7.3%) and wind power (8.4%) accounted for the majority of renewable energy used to generate utility-scale electricity in the United States. Therefore, the increasing adoption of clean energy sources such as wind and solar drives the self-healing grid market.
Investments in smart grids are a key trend gaining popularity in the self-healing grids market. Major companies operating in the self-healing grids market are focusing on investing in the development of smart grids to sustain their position in the market. For instance, in November 2021, DTE Energy Co., a US-based company operating in self-healing grids invested USD 7 billion in a smarter and more reliable grid for Michiganders. This investment focuses on self-healing circuits, pole maintenance, increased automation, tree trimming, and modernizing the grid's old infrastructure.
In July 2020, Hitachi, Ltd., a Japan-based multinational conglomerate company, acquired ABB's Power Grids Business for $7.8 billion. With this acquisition, Hitachi and Hitachi ABB Power Grids aim to offer cutting-edge energy solutions to meet the needs of the energy (utilities), mobility, smart life (cities), industry, and IT sectors. ABB Ltd. Is a Switzerland-based company operating in self-healing grid.
The countries covered in the self-healing grid market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The self-healing grid market research report is one of a series of new reports from The Business Research Company that provides self-healing grid market statistics, including self-healing grid industry global market size, regional shares, competitors with a self-healing grid market share, detailed self-healing grid market segments, market trends and opportunities, and any further data you may need to thrive in the self-healing grid industry. This self-healing grid market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Self-Healing Grid Market Characteristics
3. Self-Healing Grid Market Trends And Strategies
4. Self-Healing Grid Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Self-Healing Grid Market
- 4.2. Ukraine-Russia War Impact On Self-Healing Grid Market
- 4.3. Impact Of High Inflation On Self-Healing Grid Market
5. Self-Healing Grid Market Size And Growth
- 5.1. Global Self-Healing Grid Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Self-Healing Grid Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Self-Healing Grid Market Segmentation
- 6.1. Global Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Hardware
- Software and Services
- 6.2. Global Self-Healing Grid Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Transmission Lines
- Distribution Lines
- 6.3. Global Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Public Utility
- Private Utility
7. Self-Healing Grid Market Regional And Country Analysis
- 7.1. Global Self-Healing Grid Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Self-Healing Grid Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Self-Healing Grid Market
- 8.1. Asia-Pacific Self-Healing Grid Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Self-Healing Grid Market
- 9.1. China Self-Healing Grid Market Overview
- 9.2. China Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Self-Healing Grid Market
- 10.1. India Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Self-Healing Grid Market
- 11.1. Japan Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Self-Healing Grid Market
- 12.1. Australia Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Self-Healing Grid Market
- 13.1. Indonesia Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Self-Healing Grid Market
- 14.1. South Korea Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Self-Healing Grid Market
- 15.1. Western Europe Self-Healing Grid Market Overview
- 15.2. Western Europe Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Self-Healing Grid Market
- 16.1. UK Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Self-Healing Grid Market
- 17.1. Germany Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Self-Healing Grid Market
- 18.1. France Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Self-Healing Grid Market
- 19.1. Eastern Europe Self-Healing Grid Market Overview
- 19.2. Eastern Europe Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Self-Healing Grid Market
- 20.1. Russia Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Self-Healing Grid Market
- 21.1. North America Self-Healing Grid Market Overview
- 21.2. North America Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Self-Healing Grid Market
- 22.1. USA Self-Healing Grid Market Overview
- 22.2. USA Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Self-Healing Grid Market
- 23.1. South America Self-Healing Grid Market Overview
- 23.2. South America Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Self-Healing Grid Market
- 24.1. Brazil Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Self-Healing Grid Market
- 25.1. Middle East Self-Healing Grid Market Overview
- 25.2. Middle East Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Self-Healing Grid Market
- 26.1. Africa Self-Healing Grid Market Overview
- 26.2. Africa Self-Healing Grid Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Self-Healing Grid Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Self-Healing Grid Market Competitive Landscape And Company Profiles
- 27.1. Self-Healing Grid Market Competitive Landscape
- 27.2. Self-Healing Grid Market Company Profiles
- 27.2.1. Siemens AG
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Siemens AG
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. General Electric Company
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. S & C Electric Company
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Eaton Corporation plc
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Self-Healing Grid Market
29. Self-Healing Grid Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer