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Home>Global Grid Optimization Solutions Market 2017-2021 with ABB, Aclara Technologies, Eaton & General Electric Dominating - Research and Markets

Global Grid Optimization Solutions Market 2017-2021 with ABB, Aclara Technologies, Eaton & General Electric Dominating - Research and Markets

Global Grid Optimization Solutions Market 2017-2021 with ABB, Aclara Technologies, Eaton & General Electric Dominating - Research and Markets

09/20/2017

Global Grid Optimization Solutions Market 2017-2021 with ABB, Aclara Technologies, Eaton & General Electric Dominating - Research and Markets

The "Global Grid Optimization Solutions Market 2017-2021" report has been added to Research and Markets' offering.

The global grid optimization solutions market to grow at a CAGR of 11.36% during the period 2017-2021.

Global Grid Optimization Solutions Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Grid optimization solutions are compact electrical devices that are used to detect and monitor power system equipment. These devices monitor electrical equipment such as transformers, arrestors, power cables, and other equipment installed in power plants or substations along with the demand-side management in smart grids.

These devices are used in residential areas and offices to enhance energy efficiency. The benefits of grid optimization are to reduce the overall cost of delivering power to users, increase the reliability of grids, and ensure the efficient use of assets, thereby deferring the investments in generation, transmission, and distribution assets.

The latest trend gaining momentum in the market is Changing energy landscape and increased demand for power generation. Globally, power consumption has increased in line with the global economic growth. Thus, capacity addition has increased exponentially across the globe, favoring fossil fuels. Further growth in the population and the global economy is expected to drive this trend in the future as well. According to the World Bank, the world population is projected to increase from 7.4 billion in 2016 to 8.7 billion by 2035.

Key vendors

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