1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Electric Power Market Trends
North American Digital Grid Communication Infrastructure, Forecast to 2023

North American Digital Grid Communication Infrastructure, Forecast to 2023

  • October 2017
  • 79 pages
  • ID: 5219388
  • Format: PDF
  • By Frost & Sullivan

Summary

Table of Contents

Modernizing the Electric Grid through Connectivity

The study estimates that the total digital grid communication infrastructure market for the North American electric grid would grow at a CAGR of 9.1% through the forecast years. The study estimates the size of the market to be $555 Million as of 2016 and is forecast to reach over $1 Billion by 2023.

The study categorizes the market into two broad segments – Technology and Application. As far as the technologies are concerned, the study classifies them into wired and wireless technologies and as far as applications are concerned it classifies them into 4 sub-segments under each type of technology namely – Advanced Meter Infrastructure, Distribution Automation, Substation Automation and Emerging Applications such as edge intelligence, virtual power plants and micro-grids.

The study also identifies technology specific drivers and challenges that not just contextualize the analysis but also determine the direction of growth of the industry. Some of the key influencing drivers include cyber-security, proliferation of DERs and improving the operational efficiency of utilities while some of the barriers of adoption include the lack of interoperability and willingness of utilities to modernize as well as the high investment costs associated with deployment.

A key insight learned through the study highlights the fact that a rapidly changing market environment demands flexibility in the communications infrastructure. With a forward looking market and most utilities filing for rate increases in the last two or three citing rising capital expenditures in transmission distribution assets, vendors should be in a position to develop a compelling business models such as “communication-as-a-service (CAAS)” to improve bottom line results for end users.

By 2023, the rate of growth of wireless devices will outpace that of wired owing to advancements in IoT and rolling out of 5G at scale. There will be a demand for outcome based solutions rather than application-specific products/services. Virtual power plants, micro grids and edge intelligence are forecast to drive demand and deployment of modern wireless communication devices

The bottom line is: with competition intensifying, product innovation, reliability, interoperability and customer value are key factors in determining market leaders in the digital grid communications market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Global Heat Recovery Steam Generator Industry

Global Heat Recovery Steam Generator Industry

  • $ 4950
  • February 2020

Heat Recovery Steam Generator market worldwide is projected to grow by US$229.3 Million, driven by a compounded growth of 3.7%. Up To 30 MW, one of the segments analyzed and sized in this study, displays ...

Global Geothermal Power Equipment Market Analysis & Trends - Industry Forecast to 2028

Global Geothermal Power Equipment Market Analysis & Trends - Industry Forecast to 2028

  • $ 4200
  • January 2020

The Global Geothermal Power Equipment Market is poised to grow strong during the forecast period 2018 to 2028.Some of the prominent trends that the market is witnessing include growing number of favorable ...

Australia Wind Power Analysis: Market Outlook to 2030, Update 2019

Australia Wind Power Analysis: Market Outlook to 2030, Update 2019

  • $ 2500
  • December 2019

Australia Wind Power Analysis: Market Outlook to 2030, Update 2019Summary"Australia Wind Power Analysis: Market Outlook to 2030, Update 2019 ” is the latest report from the industry analysis specialists ...

Global Energy Storage Industry $ 5450 February 2020


ref:plp2017

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on