PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1920936
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1920936
The Grids Industry is Experiencing Transformational Growth due to the Strong Growth in Decentralized Energy
The ongoing global and regional efforts to decentralize and decarbonize the energy industry have resulted in an increasingly digitized network. This will be a more interconnected, intelligent, and responsive energy infrastructure that continuously generates 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.
Companies included in this Top 25 are drawn from five segments: grid operation solutions, grid flexibility solutions, grid data intelligence solutions, grid communications & security, and grid enhancing technologies. This also accounts for a mix of hardware and software-led solutions. These solutions can focus on a specific value chain function or span the end-to-end value chain, including conceptualization, remote asset monitoring, fault detection, analytics-based insights, predictive maintenance, digital twins, and other lifecycle management solutions.