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Global Digital Grid Guidebook
Global Digital Grid Guidebook
The Top 50 Digital Solution Practitioners' Innovation Culture Accelerates Energy Transition and Growth Potential for Digital Grid Solutions
12-Jul-2022
Global
Description
The ongoing global and regional efforts to decentralize and decarbonize the energy industry result in an increasingly digitized network that will be a more interconnected, intelligent, and responsive energy infrastructure continuously generating substantial amounts of data. However, the industry historically lacks innovative technologies and operational tools that leverage these growing volumes of data to generate real-time insights to drive real value for energy utilities and grid operators. Within this context, utilities across the globe are seeking advanced solutions that enable smart monitoring, visualization, and analysis of energy distribution networks, empowering them to enhance power quality while addressing prevalent energy equality challenges. As a result, there is a growing market need for grid optimization solutions. Despite potential growth opportunities, critical factors, including subsequent COVID-19 waves and the associated decline in revenue, lack of return-on-investment evidence for digital solutions, value-creation uncertainty, and overlapping functionalities of several solutions, are restraining the widespread adoption of digital solutions.
This research initiated by Frost and Sullivan helps decision makers within the utility sector to overcome the critical issues they face by evaluating the ecosystem of digital transformation solution providers. Using industry expert dialogues and decision support matrices, Frost & Sullivan has identified the top 50 digital practitioners across the grid space within the grid industry. A detailed discussion covers industry innovations and trends with implications for the near future. The study offers the digital solution details of 50 companies and the critical customer issues these solutions address with the justification of why each company is a digital best practitioner.
Frost & Sullivan defines the digital grid market as a suite of digital solutions (software, life cycle services, and associated hardware components) that drive business innovation and operational transformation across the power distribution industry. These solutions can focus on a specific value chain function or span the end-to-end value chain from conceptualization, remote asset monitoring, fault detection, analytics-based insights, predictive maintenance, digital twin, and other life cycle management solutions. Frost & Sullivan estimates value generated by grid optimization digital solutions will reach $22.27 billion in 2025.
Key Issues Addressed:
- Which are the top 50 companies pioneering digital transformation in the global grid optimization space?
- What is the addressable market for digital solutions?
- What are key market dynamics likely to influence the market growth over the next 8 years?
- What are the top trends influencing digital solution adoption across the grid industry?
- What are some key growth opportunities for solution providers across the region?
Author: Rajalingam Arikaarampalayam Chinnasamy
Table of Contents
Why is it Increasingly Difficult To Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on Digital Grid Guidebook
Growth Opportunities Fuel the Growth Pipeline Engine™
Overview of the Digital Grid Guidebook
A Reader-based View of How to Leverage this Research
Top 50 Digital Grid Best Practitioners
Research Scope
Research Scope (continued)
Digital Grid Guidebook Technology Terminology
Digital Grid Guidebook—Analysis Methodology
Growth Metrics
Key Trends Impacting the Grid Industry
Transition from Energy Monopoly to Energy Democracy
Evolution of Digital Intelligence Solutions in Security Operations
Distributed Generation Demands Higher LV Network Visibility
Electric Vehicle Expansion and Charging Infrastructure Unlock New Opportunities
Advanced Metering Infrastructure
Sensing and Sensemaking
Progressive Adoption of Advanced Digital Technologies
VPP—A Key Enabler for Grid Balancing
Growth Drivers
Growth Restraints
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Application
Forecast Analysis
Forecast Analysis (continued)
Top 50 Digital Best Practitioners
Top 50 Digital Best Practitioners (continued)
Top 50 Digital Best Practitioners (continued)
Top 50 Digital Best Practitioners (continued)
Top 50 Digital Best Practitioners (continued)
ABB
Aclara
AutoGrid
Awesense
Bidgely
BluWave-ai
Cisco
Cognite
Corinex
Cyient
Depsys
Efacec
EGM
Enel X
Energy & Meteo Systems
Envelio
eSmart Systems
Esyasoft Technologies Pvt Ltd.
ETAP
Evergen
FluentGrid
Franklin Electric Grid
FutureGrid
GE Digital
Grid4C
GridPoint
Hitachi Energy
Honeywell International Inc.
Innowatts
Itron
Landis+Gyr
Lumenaza
mPrest
OSISoft
PingThings
Powerledger
Rhebo
SaS
Schneider Electric
Sentient Energy
Smarter Grid Solutions (SGS)
ShineHub
Siemens
Sympower
Tantalus Systems
Trilliant
Uptake Technologies
Utilidata
Veritone
Veritone
Growth Opportunity 1: Strengthen Cloud Computing Capabilities to Streamline Digital Transformation
Growth Opportunity 1: Strengthen Cloud Computing Capabilities to Streamline Digital Transformation
Growth Opportunity 2: Cloud-First Software Strategies for Greater Integration
Growth Opportunity 2: Cloud-First Software Strategies for Greater Integration
Growth Opportunity 3: Beyond SaaS—XaaS will StreamlineImplementation of Digital Solutions
Growth Opportunity 3: Beyond SaaS—XaaS will StreamlineImplementation of Digital Solutions
Growth Opportunity 4: Distributed Cybersecurity for Grid Reliability
Growth Opportunity 4: Distributed Cybersecurity for Grid Reliability
Growth Opportunity 5: Adoption of Microservices Architecture for Increased Software Flexibility
Growth Opportunity 5: Adoption of Microservices Architecture for Increased Software Flexibility
Growth Opportunity 6: Distributed Intelligence to Move from Sensing to Actuating
Growth Opportunity 6: Distributed Intelligence to Move from Sensing to Actuating
1. Engage with Our Growth Pipeline as a Service (GPaaS) Platform to Understand the Need for Strategic Pivots and Thrive Tomorrow
2. Develop the Industry’s Best and Credible Portfolio to Amplify Your Product Positioning and Accelerate the Demand Generation Needs
3. Virtual Think Tanks, Led and Moderated by Frost & Sullivan
4. Consulting Services Portfolio to Meet Your Bespoke Requirements
Your Next Steps
Why Frost, Why Now?
List of Exhibits
Legal Disclaimer
Key Issues Addressed:
- Which are the top 50 companies pioneering digital transformation in the global grid optimization space
- What is the addressable market for digital solutions
- What are key market dynamics likely to influence the market growth over the next 8 years
- What are the top trends influencing digital solution adoption across the grid industry
- What are some key growth opportunities for solution providers across the region
Author: Rajalingam Arikaarampalayam Chinnasamy
| Author | Maria Benintende |
|---|---|
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| Podcast | No |
| WIP Number | PCEF-01-00-00-00 |