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Global Next-Generation Smart Grid Solutions Market was valued at $ 11.6 Billion in 2023 and is projected to grow at a CAGR of 22.4% through 2030

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MILWAUKEE, Feb. 26, 2024 /PRNewswire/ — The “Global Next-Generation Smart Grid Solutions Market by Component (Hardware, Software, Services), by Technology (Advanced Metering Infrastructure (AMI), Grid Automation, Communication Networks, Renewable Energy Integration (Distributed Energy Resources (DERs), Microgrids, Energy Storage), Big Data Analytics, Cybersecurity, Artificial Intelligence (AI) and Machine Learning, and Others), by Application (Generation, Transmission, Distribution, Consumption), by End User (Utilities, Industrial, Commercial, Residential), and by Regions-Forecast to 2030” report has been added to Tersus Strategy’s offering.

The next-generation smart grid solutions market is experiencing significant growth and innovation as utilities worldwide seek to modernize and enhance the efficiency of their power distribution systems. This market is characterized by the integration of advanced technologies such as smart meters, grid automation, communication networks, and artificial intelligence. Key drivers for the adoption of these solutions include the need for improved grid reliability, integration of renewable energy sources, and the rising demand for energy efficiency.

Major players in the market, including General Electric (GE), Siemens, ABB, and Schneider Electric, are at the forefront of providing comprehensive smart grid solutions. These solutions encompass intelligent substations, distribution automation, cybersecurity measures, and advanced metering infrastructure. As the world transitions towards a more sustainable energy future, the market also sees the integration of renewable energy sources, demand response programs, and electrification of transportation into the smart grid ecosystem.

The convergence of big data analytics, artificial intelligence, and IoT technologies is empowering utilities to make data-driven decisions, optimize grid operations, and enhance predictive maintenance. Cybersecurity remains a critical focus to protect smart grid infrastructure from potential threats. The market is witnessing standardization efforts to ensure interoperability among diverse components and systems. Overall, the next-generation smart grid solutions market is poised for continued expansion, driven by the ongoing global energy transition and the need for resilient, sustainable, and intelligent power distribution systems.

For more information about this report visit: https://tersusstrategy.com/product/global-next-generation-smart-grid-solutions-market-2024-2030/

In the dynamic landscape of next-generation smart grid solutions, various trends shape different facets of the energy ecosystem. In power generation, the integration of distributed energy resources (DERs) and renewable sources is a prominent trend, fostering cleaner and more sustainable energy production. Transmission networks are witnessing advancements in digital substations and grid automation, enhancing reliability and adaptability to changing grid conditions. Distribution systems are undergoing a transformation with the introduction of distribution automation and self-healing grids, optimizing efficiency and minimizing downtime. At the consumption level, smart grid technologies empower consumers through real-time data, enabling better energy management and the integration of demand-side management. The rise of smart home technologies and dynamic pricing models further engages consumers in efficient energy usage. Overall, the smart grid landscape is characterized by trends that collectively drive towards a more resilient, sustainable, and interactive energy ecosystem across the entire energy value chain

Across diverse end-user segments, the trends in next-generation smart grid solutions reflect the evolving needs and priorities of utilities, industrial entities, commercial enterprises, and residential consumers. For utilities, a trend involves extensive grid modernization efforts, including the integration of advanced analytics and artificial intelligence for predictive maintenance and optimal grid operations. In the industrial sector, the adoption of smart grid technologies is characterized by enhanced energy efficiency measures, demand response systems, and the integration of renewable energy sources into manufacturing processes. Commercial entities are increasingly leveraging smart grid solutions to optimize energy consumption through building management systems, IoT-driven sensors, and data analytics, resulting in operational cost savings. In residential settings, the proliferation of smart meters, home energy management systems, and the growing use of electric vehicles contribute to a more informed and engaged consumer base, promoting energy conservation and sustainability. These trends collectively underscore the broad and transformative impact of smart grid technologies across diverse end-user segments.

Request detailed sample of this study:  https://tersusstrategy.com/product/global-next-generation-smart-grid-solutions-market-2024-2030/

Key Topics Covered:

1.            Report Scope

1.1.         Market Segmentation and scope

1.2.         Regional Scope

1.3.         Estimates and forecast timeline

2.            Market Research Methodology

2.1.         Research methodology and design

2.2.         Sample selection

2.3.         Reliability and validity

3.            Executive Summary

4.            Market Analysis

4.1.         Market size and growth rates

4.2.         Market growth drivers, market dynamics and trends

4.3.         Market scenarios and opportunity forecasts

4.4.         Market constraints and challenges

4.5.         Industry value chain analysis

4.6.         Industry analysis – Porter’s

4.6.1.     Threat of new entrants

4.6.2.     Bargaining power of suppliers

4.6.3.     Bargaining power of buyers

4.6.4.     Threat of substitutes

4.6.5.     Competitive rivalry

4.7.         PEST analysis

4.7.1.     Political/legal landscape

4.7.2.     Economic landscape

4.7.3.     Social landscape

4.7.4.     Technological landscape

5.            Market Breakdown by Component

5.1.         Introduction

5.2.         Hardware

5.2.1.     Smart Meters

5.2.2.     Sensors

5.2.3.     Communication Infrastructure

5.2.4.     Transformers

5.2.5.     Others

5.3.         Software

5.3.1.     Grid Management Systems

5.3.2.     Asset Management Systems

5.3.3.     Data Analytics and AI/ML Platforms

5.3.4.     Security and Cybersecurity Solutions

5.3.5.     Customer Engagement and Billing Systems

5.4.         Services

5.4.1.     Consulting

5.4.2.     Deployment and Integration

5.4.3.     Support and Maintenance

5.4.4.     Training and Education

6.            Market Breakdown by Technology

6.1.         Introduction

6.2.         Advanced Metering Infrastructure (AMI)

6.3.         Grid Automation

6.4.         Communication Networks

6.5.         Renewable Energy Integration

6.5.1.     Distributed Energy Resources (DERs)

6.5.2.     Microgrids

6.5.3.     Energy Storage

6.6.         Big Data Analytics

6.7.         Cybersecurity

6.8.         Artificial Intelligence (AI) and Machine Learning

6.9.         Others

7.            Market Breakdown by Application

7.1.         Introduction

7.2.         Generation

7.3.         Transmission

7.4.         Distribution

7.5.         Consumption

8.            Market Breakdown by End User

8.1.         Introduction

8.2.         Utilities

8.3.         Industrial

8.4.         Commercial

8.5.         Residential

9.            Market Breakdown – by Geography

9.1.         North America

9.1.1.     North America Next-Generation Smart Grid Solutions Market, 2024-2030

9.1.2.     North America Next-Generation Smart Grid Solutions Market, by Component

9.1.3.     North America Next-Generation Smart Grid Solutions Market, by Technology

9.1.4.     North America Next-Generation Smart Grid Solutions Market, by Application

9.1.5.     North America Next-Generation Smart Grid Solutions Market, by End User 

9.1.6.     North America Next-Generation Smart Grid Solutions Market, by Country

9.1.6.1. U.S.

9.1.6.2. Canada

9.1.6.3. Mexico

9.2.         South America

9.2.1.     South America Next-Generation Smart Grid Solutions Market, 2024-2030

9.2.2.     South America Next-Generation Smart Grid Solutions Market, by Component

9.2.3.     South America Next-Generation Smart Grid Solutions Market, by Technology

9.2.4.     South America Next-Generation Smart Grid Solutions Market, by Application

9.2.5.     South America Next-Generation Smart Grid Solutions Market, by End User 

9.2.6.     South America Next-Generation Smart Grid Solutions Market, by Country

9.2.6.1. Argentina

9.2.6.2. Brazil

9.2.6.3. Others

9.3.         Europe

9.3.1.     Europe Next-Generation Smart Grid Solutions Market, 2024-2030

9.3.2.     Europe Next-Generation Smart Grid Solutions Market, by Component

9.3.3.     Europe Next-Generation Smart Grid Solutions Market, by Technology

9.3.4.     Europe Next-Generation Smart Grid Solutions Market, by Application

9.3.5.     Europe Next-Generation Smart Grid Solutions Market, by End User 

9.3.6.     Europe Next-Generation Smart Grid Solutions Market, by Country

9.3.6.1. Germany

9.3.6.2. France

9.3.6.3. U.K.

9.3.6.4. Russia

9.3.6.5. Italy

9.3.6.6. Spain

9.3.6.7. Sweden

9.3.6.8. Switzerland

9.3.6.9. Finland

9.3.6.10.               Ireland

9.3.6.11.               Poland

9.3.6.12.               Austria

9.3.6.13.               Norway

9.3.6.14.               Netherlands

9.3.6.15.               Others

9.4.         Asia-Pacific

9.4.1.     APAC Next-Generation Smart Grid Solutions Market, 2024-2030

9.4.2.     APAC Next-Generation Smart Grid Solutions Market, by Component

9.4.3.     APAC Next-Generation Smart Grid Solutions Market, by Technology

9.4.4.     APAC Next-Generation Smart Grid Solutions Market, by Application

9.4.5.     APAC Next-Generation Smart Grid Solutions Market, by End User 

9.4.6.     APAC Next-Generation Smart Grid Solutions Market, by Country

9.4.6.1. China

9.4.6.2. Japan

9.4.6.3. South Korea

9.4.6.4. India

9.4.6.5. Singapore

9.4.6.6. Australia

9.4.6.7. Others

9.5.         Middle East & Africa

9.5.1.     MEA Next-Generation Smart Grid Solutions Market, 2024-2030

9.5.2.     MEA Next-Generation Smart Grid Solutions Market, by Component

9.5.3.     MEA Next-Generation Smart Grid Solutions Market, by Technology

9.5.4.     MEA Next-Generation Smart Grid Solutions Market, by Application

9.5.5.     MEA Next-Generation Smart Grid Solutions Market, by End User 

9.5.6.     MEA Next-Generation Smart Grid Solutions Market, by Country

9.5.6.1. Saudi Arabia

9.5.6.2. UAE

9.5.6.3. Israel

9.5.6.4. Qatar

9.5.6.5. South Africa

9.5.6.6. Others

10.          Competitive Landscape

10.1.      Company Market Positioning

10.2.      Company Geographical Presence Analysis

10.3.      Market Revenue Share Analysis (%), by Leading Players

11.          Company Profiles

•             Company Overview

•             Financial Performance

•             Product Benchmarking

•             Recent Developments

Established Players

1.            General Electric

2.            Siemens

3.            Schneider Electric

4.            ABB

5.            Eaton

6.            Itron

7.            Landis+Gyr

8.            EDMI

9.            Enel

10.          Engie

11.          Iberdrola

12.          Honeywell

13.          Cisco

14.          Huawei

15.          Microsoft

16.          IBM

17.          Oracle

Emerging Players

18.          GridBeyond

19.          sonnen GmbH

20.          AutoGrid

21.          Greenbird Integration Technology

22.          Enchanted Rock

23.          Guardtime

For more information about this report visit : https://tersusstrategy.com/product/global-next-generation-smart-grid-solutions-market-2024-2030/

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 Media Contact:
Tersus Strategy
Kevin Matthew, Business Development Manager
Info@tersusstrategy.com
+1 (414) 882-8941
333 W Brown Deer Rd. 53217-2372 Milwaukee Wisconsin USA

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In Turfan, Xinjiang, China’s first commercially operated microgrid has generated nearly 100 million kWh of electricity

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November 15, 2024

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TURFAN, China, Nov. 15, 2024 /PRNewswire/ — On November 13, the Turfan New Energy City Microgrid Demonstration Project, China’s first commercially operated microgrid demonstration project, generated nearly 100 million kWh of electricity, equivalent to saving 29,000 tons of standard coal and reducing carbon dioxide emissions by 77,600 tons.

A microgrid refers to a small-scale power generation and distribution system organized by distributed power sources, power loads, distribution facilities, monitoring and protection devices, etc., which can realize flexible control and autonomous management. Since the end of 2013, the project had been the largest and most comprehensive solar energy utilization and building integration project in China up to that time, with 8.7 MW of photovoltaic power installed on the roofs of 223 residential buildings, generating an annual power capacity of about 10 million kWh.

To promote the physical operation of the project, the State Grid Turfan Power Supply Company invested more than 2 million yuan to cooperate in the construction of microgrid infrastructure, fully supporting the online operation of surplus new energy power generation, promoting the comprehensive utilization of renewable resources in urban buildings, and helping Turfan build a high-quality development demonstration area and a green and low-carbon pilot area.

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SOURCE State Grid Turfan Power Supply Company

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Innovations in Guiyang: Adhering to New Industrialization and Promoting High-End, Intelligent and Green Manufacturing

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56 minutes ago

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November 15, 2024

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GUIYANG, China, Nov. 15, 2024 /PRNewswire/ — A report by Huanqiu.com

The wave of new industrialization in Guiyang is driving the transformation and upgrading of the manufacturing industry in ways like never before. Guiyang is always strategically oriented toward “industrial structure optimization with a focus on industries”, and has made all efforts to develop “four major industrial bases”, highlighting its industrial economy as the “primary driving force” behind development. Especially relying on its policy edge in renewable energy, Guiyang has rapidly emerged as a national new-energy power battery and materials research, development and production center, injecting strong momentum into the city’s economy.

In October 2023, the CATL (Guizhou) New Energy Power and Energy Storage Battery Production Base, located in Gui’an New Area, Guizhou Province, was put into production. The first phase of the base boasts cutting-edge design standards, characterized by “lighthouse + zero carbon factory”. The high-standard facility employs advanced, high-speed, highly automated, and flexible production lines. It is designed to have an annual production capacity of 30 GWh. After the base achieves the designed production capacity, its annual output value is expected to reach 15 billion yuan. According to statistics, the base realized an industrial output value of 618 million yuan in the first half of 2024, and the year’s industrial output value is expected at about 2 billion yuan.

The Chery (Guizhou) industrial base has also yielded unusually brilliant results in the field of new energy vehicles (NEVs), where Chery Automobile’s self-developed “CHEVOO” new-generation light truck KL71 project is undergoing four-pillar car road tests. The advanced pressing, welding, painting and assembly lines, as well as the R&D lab and the all-electric truck production line, together constitute this “digital intelligent” NEV factory. Moreover, the Chery (Guizhou) industrial base has built, extended and strengthened its vehicle manufacturing industry chain so as to master key parts supply chains and reduce development costs.

The Gui’an FinDreams battery project, as an important move of BYD in Guiyang, is also showing its strength in power batteries for NEVs. FinDreams Battery Co., Ltd. at Longshan Industrial Park in Gui’an New Area has four automatic production lines that are operating at high speeds in the workshop, which produce “blade batteries” which are well-known both in and out of the industry. According to reports, 300 battery packs and 40,000 cells can be produced per day.

Guiyang’s “four bases” – a new energy vehicles and battery materials production base, a resource deep-processing base, a computing power assurance base, and an industrial backup base, contribute greatly to the development of NEV and battery materials industry, electronic information manufacturing industry, and advanced equipment manufacturing industry, etc. Data show that in the first three quarters, the added value of Guiyang’s industrial enterprises above designated size grew by 11%, and the contribution of industrial economy to economic growth reached 39.4%.

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Premialab appointed by Lombard Odier Investment Managers to scale Quantitative Investment Strategies

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56 minutes ago

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November 15, 2024

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Premialab’s technology chosen to enhance QIS scaling, operational efficiency, and risk management.

PARIS, Nov. 15, 2024 /PRNewswire/ — Lombard Odier Investment Managers (LOIM), the institutional asset management business of the Lombard Odier Group, has integrated Premialab‘s industry-leading technology to support the management of their soon-to-be-launched DOM Global Macro strategy. This partnership underscores LOIM’s commitment to onboard innovative strategies in an evolving market landscape.

“Our decision to partner with Premialab is driven by their comprehensive risk management and regulatory compliance expertise,” said Didier Anthamatten, Portfolio Manager at LOIM. “With a strong track record in alternative investments, LOIM remains focused on delivering innovative investment solutions and high-quality returns for our clients. Premialab’s advanced data capabilities are essential in helping us maintain our rigorous standards and provide robust, risk-adjusted performance. Additionally, their platform perfectly matches the DOM Global Macro strategy’s needs, enhancing our risk monitoring capabilities and streamlining portfolio management.”

The DOM Global Macro strategy expects to leverage Premialab’s unique dataset. The full lookthrough across all DOM’s proprietary systematic strategies allows granular risk decomposition and scenario-based analysis at the entire portfolio level. This should help monitoring exposures’ attractiveness, from both time-series and cross-sectional perspectives, and optimizing asset allocation.

Neil Richards, Head of EMEA Business Development at Premialab, said the collaboration with LOIM is a significant addition to Premialab’s growing business in Switzerland and within the wider European markets.

“Institutions such as LOIM, which oversees a substantial portfolio across various asset classes, need continuous monitoring and adjustment to keep their investments on track,” he explained. “Premialab provides the tools for benchmarking and stress testing their systematic investments, ensuring that LOIM’s mandates are effectively managed in terms of cost, risk, and value.”

Premialab CEO Adrien Géliot highlighted that the QIS sector is experiencing rapid growth, driven by institutional investors seeking liquid, transparent, and cost-efficient investment strategies. “Premialab sits at the centre of the QIS landscape, uniquely positioned to aggregate and make sense of the vast and growing universe of data,” he stated. “We are thrilled to be partnering with LOIM to deliver our unique data and risk monitoring capabilities to one of the top global investment firms.”

Premialab’s multi-asset, multi-region platform handles 10 million data points daily. It analyzes over 5,000 investible systematic strategies, with client assets under management totalling approximately USD $20 trillion. Combining the Premialab platform with Premialab Pure Factors®, it provides comprehensive cross-asset quantitative strategy selection and thorough due diligence on strategies available worldwide. Additionally, the platform enhances risk management and reporting capabilities, including expedited and detailed regulatory reporting.

With its unique combination of systematic strategies and discretionary trading, the DOM Global Macro strategy clearly benefits from Premialab’s state-of-the art data analysis capabilities and computational efficiency. The Portfolio and Risk Managers can thus use a shared dataset for risk analysis and performance decomposition, enhancing the portfolio’s robustness and operational efficiency.

About Premialab
Premialab is the leading independent platform that collaborates with leading investment banks and institutional investors globally, providing data, analytics, and risk solutions for systematic, factor, and multi-asset strategies. With offices in London, Paris, New York, Hong Kong, Dubai and Sydney, the company has forged strong partnerships with the top 18 investment banks, asset managers, pension funds, sovereign wealth funds and insurance companies globally.

About Lombard Odier Investment Managers (LOIM)
Lombard Odier Investment Managers (LOIM) is the institutional asset management business of the Lombard Odier Group, wholly owned and funded by its partners since its establishment in 1796.

We provide a range of investment solutions to a diverse group of long-term oriented clients. Our heritage, and our combination of the best of conservatism and innovation, keeps us well positioned to create lasting value for our clients. Our investment capabilities span fixed income, convertible bonds, equities, multi-asset, and alternatives. Sustainability is central to our investment philosophy; we believe it is the founding principle of long-term economic and investment outcomes and will drive returns over the long term.

With over 200 investment professionals, we are a global business with a network of 13 offices across Europe, Asia and North America and have assets under management of CHF 64 billion (as at 31 September 2024).

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