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

RELEASE DATE
12-Jul-2022
REGION
Global
Deliverable Type
Market Research
Research Code: PCEF-01-00-00-00
SKU: EG02251-GL-MT_26699
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$4,000.00
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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

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.--BEGIN PROMO--

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

More Information
Deliverable Type Market Research
Author Maria Benintende
Industries Energy
No Index No
Is Prebook No
Podcast No
WIP Number PCEF-01-00-00-00