Global Digital Grid Report 2022: Value Generated by Grid Optimization Digital Solutions will Reach $22.27 Billion in 2025

DUBLIN, Aug. 10, 2022 /PRNewswire/ -- The "Global Digital Grid Guidebook" report has been added to ResearchAndMarkets.com's offering.

Value generated by grid optimization digital solutions will reach $22.27 billion in 2025.

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 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, this report 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.

Digital grid market defined 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.

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?

Key Topics Covered:

1. Strategic Imperatives

• Why is it Increasingly Difficult To Grow?
• The Strategic Imperative 
• The Impact of the Top 3 Strategic Imperatives on Digital Grid Guidebook
• Growth Opportunities Fuel the Growth Pipeline Engine

2. Research Summary

• Overview of the Digital Grid Guidebook
• A Reader-based View of How to Leverage this Research
• Top 50 Digital Grid Best Practitioners

3. Market Research Scope, Analysis, Methodology, and Definitions

• Research Scope
• Digital Grid Guidebook Technology Terminology
• Digital Grid Guidebook - Analysis Methodology
• Growth Metrics

4. Industry Outlook and Top 8 Predictions for the Grid Industry

• 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

5. Growth Opportunity Analysis - Digital Grid Market

• Growth Drivers
• Growth Restraints

6. Market Revenue Forecasts

• Forecast Assumptions
• Revenue Forecast
• Revenue Forecast by Application
• Forecast Analysis

7. Top 50 Digital Best Practitioner Profiles

• 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

8. Growth Opportunity Universe - Digital Grid Market

• Growth Opportunity 1: Strengthen Cloud Computing Capabilities to Streamline Digital Transformation
• Growth Opportunity 2: Cloud-First Software Strategies for Greater Integration
• Growth Opportunity 3: Beyond SaaS - XaaS will Streamline Implementation of Digital Solutions
• Growth Opportunity 4: Distributed Cybersecurity for Grid Reliability
• Growth Opportunity 5: Adoption of Microservices Architecture for Increased Software Flexibility
• Growth Opportunity 6: Distributed Intelligence to Move from Sensing to Actuating

9. How Can You Better Leverage the Research?

• Engage with Our Growth Pipeline as a Service (GPaaS) Platform to Understand the Need for Strategic Pivots and Thrive Tomorrow
• Develop the Industry's Best and Credible Portfolio to Amplify Your Product Positioning and Accelerate the Demand Generation Needs
• Virtual Think Tanks, Led and Moderated by the Publisher
• Consulting Services Portfolio to Meet Your Bespoke Requirements

10. Next Steps

For more information about this report visit https://www.researchandmarkets.com/r/lo5td4

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

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SOURCE Research and Markets

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