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Global Grid Optimization Solutions Market 2017-2021

Global Grid Optimization Solutions Market 2017-2021

About Grid Optimization Solutions

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.

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

Covered in this report

The report covers the present scenario and the growth prospects of the global grid optimization solutions market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Grid Optimization Solutions Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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)
  • ERLPhase Power Technologies
  • FirstEnergy
  • Green Mountain Power
  • Hexagon
  • Holley Metering
  • Intel
  • Itron
  • Jiaxing Eastron Electronic Instruments
  • Kaihen
  • Kamstrup
  • Landis+Gyr
  • LINYANG Energy
  • Metrycom Communication
  • Milsoft Utility Solutions
  • Mitsubishi Electric
  • mPower Innovations
  • Murata Power Solutions
  • National Information Solutions
  • Open Systems International
  • Operation Technology
  • Oracle
  • Powel
  • Power Sensors
  • Power System Engineering
  • PowerWorld
  • QinetiQ
  • Quanta Technology
  • Ripley Power & Light Company
  • Schneider Electric
  • Schweitzer Engineering Laboratories
  • SEDC
  • Sensus
  • Sentient Technologies Holdings
  • Siemens
  • Silver Spring Networks
  • Silver Spring Networks
  • Simpson Electric
  • Survalent Technology
  • Westinghouse Electric
Market driver
  • Transition to smart grids
  • For a full, detailed list, view our report
Market challenge
  • Concerns over cybersecurity
  • For a full, detailed list, view our report
Market trend
  • Changing energy landscape and increased demand for power generation
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Grid Optimization Solutions Market 2017-2021

Technavio recognizes the following companies as the key players in the global grid optimization solutions market: ABB, Aclara Technologies, Eaton, and General Electric.

Other Prominent Vendors in the market are: 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), ERLPhase Power Technologies, FirstEnergy, Green Mountain Power, Hexagon, Holley Metering, Intel, Itron, Jiaxing Eastron Electronic Instruments, Kaihen, Kamstrup, Landis+Gyr, LINYANG Energy, Metrycom Communication, Milsoft Utility Solutions, Mitsubishi Electric, mPower Innovations, Murata Power Solutions, National Information Solutions, Open Systems International, Operation Technology, Oracle, Powel, Power Sensors, Power System Engineering, PowerWorld, QinetiQ, Quanta Technology, Ripley Power & Light Company, Schneider Electric, Schweitzer Engineering Laboratories, SEDC, Sensus, Sentient Technologies Holdings, Siemens, Silver Spring Networks, Simpson Electric, Survalent Technology, and Westinghouse Electric.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Changing energy landscape and increased demand for power generation. Globally, power consumption has increased in line with the global economic growth. Thus, capacity addition has increased exponentially across the globe, favoring fossil fuels. Further growth in the population and the global economy is expected to drive this trend in the future as well. According to the World Bank, the world population is projected to increase from 7.4 billion in 2016 to 8.7 billion by 2035.”

According to the report, one of the major drivers for this market is Transition to smart grids. Smart grids optimize all the grid functions by deploying sensors, communication systems, and information technology, thereby making the grid smarter and allowing utilities to achieve the balance among cost, reliability, and efficiency. Smart grid implementation thus allows utilities to get the most out of the available infrastructure.

Further, the report states that one of the major factors hindering the growth of this market is Concerns over cybersecurity. Advances in IT and implementation of technology to control power generation and distribution have exposed the grids to cyber-attacks that traditional utilities were not concerned about. Smart grid infrastructure uses Internet technologies, thus making it vulnerable to security threats in the absence of a robust cybersecurity setup.

Companies Mentioned

ABB, Aclara Technologies, Eaton, General Electric, 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), ERLPhase Power Technologies, FirstEnergy, Green Mountain Power, Hexagon, Holley Metering, Intel, Itron, Jiaxing Eastron Electronic Instruments, Kaihen, Kamstrup, Landis+Gyr, LINYANG Energy, Metrycom Communication, Milsoft Utility Solutions, Mitsubishi Electric, mPower Innovations, Murata Power Solutions, National Information Solutions, Open Systems International, Operation Technology, Oracle, Powel, Power Sensors, Power System Engineering, PowerWorld, QinetiQ, Quanta Technology, Ripley Power & Light Company, Schneider Electric, Schweitzer Engineering Laboratories, SEDC, Sensus, Sentient Technologies Holdings, Siemens, Silver Spring Networks, Simpson Electric, Survalent Technology, and Westinghouse Electric.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Global grid optimization solutions market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by products
    • Global grid optimization solutions market byproducts
      • Table Global grid optimization solutions market by products 2016 and 2021 (%)
      • Table Global grid optimization solutions market by products 2016-2021 ($ billions)
    • Global grid optimization solutions market by hardware components
      • Table Global grid optimization solutions market by hardware components 2016-2021 ($billions)
    • Global grid optimization solutions market by software systems
      • Table Global grid optimization solutions market by software systems 2016-2021 ($ billions)
      • Table Typical outage restoration time in developed countries (seconds)
  • Geographical segmentation
    • Global grid optimization solutions market by geography
      • Table Global grid optimization solutions market by geography 2016 and 2021 (%)
      • Table Global grid optimization solutions market by geography 2016-2021 ($ billions)
    • Grid optimization solutions market in the Americas
      • Table Grid optimization solutions market in Americas 2016-2021 ($ billions)
    • Grid optimization solutions market in EMEA
      • Table Grid optimization solutions market in EMEA 2016-2021 ($ billions)
    • Grid optimization solutions market in APAC
      • Table Grid optimization solutions market in APAC 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Smart grid technology application areas
      • Table Smart grid optimization areas
      • Table Countries with renewable targets and policies 2005
      • Table Countries with renewable targets and policies 2015
      • Table Public RD&D energy investment* 2000, 2010, and 2015 ($ billions)
      • Table Y04S patent sub-classifications
    • Market challenges
      • Table Smart grid implementation and cybersecurity impacts
  • Market trends
    • Changing energy landscape and increased demand for power generation
      • Table Share of fossil fuels in the global energy mix 2014 and 2035
      • Table Traditional power grids
      • Table Transformed grids
    • Aging power grids
    • Increasing need for energy efficiency
      • Table Cumulative energy-efficiency investments by region 2014-2035 (%)
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ABB
      • Table ABB: Product portfolio
    • Aclara Technologies
      • Table Aclara Technologies: Products and services overview
      • Table Aclara Technologies: Product portfolio
    • Eaton
      • Table Eaton: Product portfolio
    • General Electric
      • Table General Electric: Solutions as a service
      • Table Envisage product modules
      • Table General Electric: Smart grid solutions overview
  • Appendix
    • List of abbreviations
  • Explore Technavio

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