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Grid optimization solutions market expected to grow at a CAGR 11.36% by 2021

Grid optimization solutions market expected to grow at a CAGR 11.36% by 2021

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.

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Market reaserch analysts forecast the global Grid Optimization Solutions market to grow at a CAGR of 11.36% during the period 2017-2021.

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.

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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:

 APAC

 North America

 Europe

Market reaserch 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

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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.

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