DUBLIN, September 19, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/mqmvf6/global_grid) has announced the addition of the "Global Grid Optimization Solutions Market 2014-2018" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
Grid optimization involves a wide array of prospective advances that gives utilities and grid operators digital control of the power delivery network. Although the concept of network optimization is simple, the practice is complex because it involves multiple variables and compensation. The factors that threaten the network instability include demands rise, the unpredictable generation from renewable sources, volatile energy costs, and the emergence of electric vehicles.
Utilities have to predict and diagnose potential problems on the faster edge, and to make decisions of control located in a matter of seconds in order to provide a high-quality and reliable service. Grid optimization serves as an umbrella term that encompasses improvements in three main areas:
- System Reliability
- Operational Efficiency
- Asset Utilization and Protection
The analysts forecast the Global Grid Optimization Solutions market will grow at a CAGR of 16.4 percent over the period 2013-2018.
The Global Grid Optimization Solutions market can be segmented into three divisions based on application: Generation Optimization, Transmission Optimization, and Distribution Optimization.
The report, the Global Grid Optimization Solutions Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Grid Optimization Solutions market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Countries across the globe have supported the implementation of smart grids. Funds are being raised to support the deployment of smart grid optimization solutions, resulting in an increased number of smart grid solutions being built by grid optimization vendors. A large-scale smart grid construction project was incorporated in China's 12th five-year development plan work which began in 2011
According to the report, an increased number of power outages has spurred the need for varied grid optimization solutions. The market was dominated by the Americas in 2013 followed by the EMEA and the APAC regions. The Global Grid Optimization Solutions market is expected to grow at a CAGR of 16.4 percent during the period 2013-2018.
Further, the report states that despite the presence of several drivers, the Global Grid Optimization Solutions market is curtailed by some serious challenges. Vulnerability to cyber-attacks is one of the major challenges in the market. There is an increased threat of cyber-attacks and viruses as the deployment of grid optimization solutions includes communication networks and the internet.
The report also includes a discussion of the other vendors operating in this market. The 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.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Segmentation by Application
08. Geographical Segmentation
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
18. Other Reports in this Series
- GE Energy
- S&C Electric
- Schweitzer Engineering Laboratories
- BPL Global
For more information visit http://www.researchandmarkets.com/research/mqmvf6/global_grid
Media Contact: Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets