Search results for: 'smart'

Global smart grid investment is likely to grow rapidly. By 2025, a complete transformation to a smarter grid is unlikely but the process would have gained pace with major changes underway in grid automation, demand-side management, and Big Data analytics. Revenue growth will be the fastest in Europe. Demand response and advanced metering infrastruc...

As the smart grid continues to develop, metering is a key building block in the process, enabling the accurate measurement of consumption and allowing utility companies to move toward real-time pricing and policies to try and reduce peak demand. The market is being driven by increased regulations and, in some markets, a desire to minimise non-techn...

Digitalization is the key enabler of decentralization and decarbonization, the other two Ds shaping the energy industry transformation. Cloud computing, Big Data, analytics, and the Internet of Things (IoT) are among technologies that enable the digital transformation of electric utilities and facilitate new ways of electricity production, storage,...

28 Aug 2018  |  North America  |  Market Research

North American Electrification of Transportation—Investment, Forecast to 2024

Opportunities to Modernize the Electric Grid and Address the Challenges of Rapid EV Penetration

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The North American Electric Vehicle (EV) market has seen significant growth over the last 5 years, both in the US and Canada. Currently, new EVs sold in the North American market account for 1.4% of the total passenger vehicles sold. There is an anticipation that downward prices for batteries and vehicles, along with improved infrastructure will ac...

Distributed energy resources and distributed energy storage systems (ESS) are changing the face of power generation and distribution in the Organisation for Economic Co-operation and Development (OECD) countries. To tap these new market opportunities, consumers need to be properly supported with financing options for ESS installations. The study s...

Critical infrastructure industries are increasingly expanding into the digital and smart frontier, become more vulnerable to advanced and persistent cyberattacks. This research service examines emerging trends and business models in the US power industry — from generation to transmission and distribution — that will affect the cybersecurity market....

In a world of advanced persistent threats, perilous infrastructure industries that are progressively expanding into the digital and smart frontiers become increasingly vulnerable. This research service will capture the emerging trends and evolving business models for cybersecurity in the oil and gas industry in the United States. It was developed b...

04 Oct 2017  |  North America  |  Market Research

North American Digital Substation Market, Forecast to 2022

Growing Distributed Energy Resources and Need for Grid Modernization will Drive Demand

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Utility substations form an integral part of the entire grid network. They will play a vital role in the smart grids of tomorrow. With growing complexity in the grid, energy companies are recognizing the importance of digital transformation. Additional challenges include substation projects coming under increasing cost and time pressure, investors...