Self-healing
grids are a part of the overall electrical power distribution that
comprises of sensors, automated switchgears and controls, and
advanced software. These systems are also known as smart grids, as it
utilizes real-time information from the distribution networks for
detection and isolation of faults, and then reconfigure the flow of
energy to minimize number of consumers impacted, as a result of
electrical faults. In conjunction with this, another factor fueling
the self-healing grid market growth is enhanced durability of
electrical supply systems.
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Upgrade
of distribution network infrastructure requires replacement of
conventional analog systems with digital components, processors,
software, and power electronic technologies. Major benefit of
integration of this technology is the low time requirement for
reconfiguration of solutions to outages and faults, ranging from 1 to
5 minutes. Moreover, increasing integration of IoT and rampant
development of smart cities characterized by enhanced connectivity of
electrical supply systems, tracking and monitoring consumption by
consumers and service providers, and integration of distributed
renewable energy systems. This in turn is expected propel demand for
self-healing grids over the forecast period.
High
initial cost of replacement and upgradation of existing systems is
expected to be among the major growth challenges for self-healing
grids market. Moreover, providing and monitoring communication
protocols and breaches are expected to be among the major concerns of
the consumers adopting these technologies.
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North
America dominated the global self-healing grid market in 2016, and is
expected to continue its dominance over the forecast period.
Government initiatives to support the installation of AMI meters and
smart solutions in electrical infrastructure, and funding approvals
for the upgradation of the existing infrastructure is expected to
drive the regional market growth. For instance, in June 2017, Lubbock
Power & Light, Municipal Electric Utility in Texas allocated US$
120 million for upgrade of the existing infrastructure. Moreover,
according to CIA World Factbook, China and India together account for
over the 33% of the global electricity consumption.
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