SMART GRID PROTECT BIZ TO DOUBLE TO $9.7BIL

Smart Grid Protective Relays; Mechanical, Solid-State, and Digital Protective Relays and Integrated Digital Protection Systems: Global Market Analysis and Forecasts

Q2 2015 (Navigant Research)

"The use of digital protective relay technologies is changing and advancing the management and control of transmission and distribution (T&D) grids…[T]he capabilities of advanced protective relays (ADVPRs) have evolved, and more powerful, intelligent modules have been added. Advanced sub-second monitoring, data collection, communications, and even phasor measurement unit (PMU) capabilities have been added. These are game-changing developments for utilities. Grid conditions can now be monitored and managed in near real time all the way out to distribution substations…The first generations of protective relays are reaching the end of their useful lives and are being replaced with the next generation of ADVPR solutions. Navigant Research expects these systematic replacement cycles to provide a growing revenue stream for vendors over the next decade. According to Navigant Research, global protective relay revenue is projected to grow from $5.5 billion in 2015 to $9.7 billion in 2024…” click here for more

click to enlarge

Tweet