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Smart Grid in Power - Thematic Research

April 2021 | 45 pages | ID: SF9059788336EN
GlobalData

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Smart Grid in Power - Thematic Research

SUMMARY

The electricity grid is now getting smarter and transforming how power utilities interact with their customers. Smart grid technology which uses IT and communication modules, including control systems and automation which enable new technologies to function together, provides supports to an electricity grid. The electricity grid can then respond digitally to rapidly changing electricity demand patterns. Central to smart grid system is the capability for various technologies to be deployed in one part of the power system and communicate with elements in various sectors and geographies, and also can be put to use by various stakeholders all throughout the electricity value chain.

SCOPE
  • This report focuses on smart grid in power.
  • It identifies leaders and laggards in areas such as Advanced Metering Infrastructure (AMI), Distributed Power Generation (DPG)/Microgrid, Electric Vehicle (EV) Charging Infrastructure, Smart Homes and Smart Cities.
  • It discusses the latest trends and developments in the field of smart grid.
  • It further gives a brief analysis of the smart grid industry, impact of COVID-19 on smart grid and global investment in electricity networks by equipment type.
  • Includes major mergers and acquisitions and a timeline highlighting key milestones in the journey of smart grid.
  • The report also provides an overview of the competitive positions held by power companies in the smart grid theme.
REASONS TO BUY

The report provides -
  • A comprehensive analysis of the present scenario and emerging market trends in the global smart grid industry.
  • Insights of the leading players in the smart grid theme and where do they fit in the value chain.
  • Extensive analysis of the smart grid industry, impact of COVID-19 on smart grid, key mergers and acquisitions and significant milestones in the journey of smart grid.
  • Profiles of major market players within the smart grid industry, which aid in interpreting the competitive outlook of this theme.
Executive summary
Players
Technology briefing
Trends
Technology trends
Macroeconomic trends
Regulatory trends
Industry analysis
Smart Grid Enhances Grid Flexibility
The smart grid toolkit is getting more complicated
COVID-19 - Smart and flexible grid promise resilient power at uncertain times
Mergers and acquisitions
Timeline
Value chain
Companies
Public companies
Sector scorecard
Power sector scorecard
Glossary
Further reading
Our thematic research methodology
About GlobalData
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Smart grid is the name given to an electrical grid or component of a grid that uses IT and communication modules to gather, transmit, and utilize information in real time. Smart grid capabilities enable optimization of energy utilization, planning, efficiency, and reliability. The following sections cover some of the major technologies involved in smart grids.

The electricity grid is now getting smarter and transforming how power utilities interact with their customers. Smart grid technology which uses IT and communication modules, including control systems and automation which enable new technologies to function together, provides supports to an electricity grid. The electricity grid can then respond digitally to rapidly changing electricity demand patterns.

Central to smart grid system is the capability for various technologies to be deployed in one part of the power system and communicate with elements in various sectors and geographies, and also can be put to use by various stakeholders all throughout the electricity value chain. 

In order to make the grid smart, it needs two-way communication between the customer and the power utility generating electricity. A smart grid includes controls, automation along with new technologies all functioning together to respond to variations in electricity demand.

Originally, smart grid implementation had the objective of enhancing demand-side management, improving energy efficiency, supportive of renewable energy sources and boosting a selffixing grid that leads to increased reliability and resiliency. 

However, as the smart grid technology has continued to forge ahead, the modernized smart grid enables an increase in consumer engagement and control and provides cost savings through demand response programs.

GlobalData's latest report, "Smart Grid in Power - Thematic Research" focuses on smart grid in the power sector. It identifies leaders and laggards in areas such as Advanced Metering Infrastructure (AMI), Distributed Power Generation (DPG)/Microgrid, Electric Vehicle (EV) Charging Infrastructure, Smart Homes and Smart Cities. 



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