Grid Optimization Solutions Market Report study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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global grid optimization solutions market Key players are: ABB, Aclara Technologies, Eaton, and General Electric. Global Grid Optimization Solutions Market to grow at a CAGR of 11.36% during the period 2017-2021.
This report covers the present scenario and the growth prospects of the global grid optimization solutions market for 2017-2021.
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The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
Grid optimization solutions market is divided into the following segments based on geography:
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.
Grid optimization solutions Market Report is 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.
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.
Grid Optimization Solutions Market 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.
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,.
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.
Table of Contents
Scope of the report
Market by products
Market segmentation by geography
Drivers and challenges
Key vendor analysis
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