India Self-Healing Grids Market is expected to grow at a robust CAGR

India Self-Healing Grids Market is expected to grow owing to proliferation of digital technologies and the increasing dependence on the internet and electronic devices throughout the forecast period.

According to TechSci Research report, “India Self-Healing Grids Market – By Region, Competition, Forecast and Opportunities, 2019-2029”, India Self-Healing Grids Market is expected to register robust growth during the forecast period. India has set ambitious targets for expanding renewable energy capacity, aiming for 175 GW by 2022 and 450 GW by 2030. These targets are part of the country's commitment to reduce greenhouse gas emissions, address climate change, and promote sustainable energy sources. Self-healing grids play a critical role in managing the intermittent nature of renewable energy generation, such as solar and wind power. They enable quick responses to fluctuations in supply and demand.

India has established ambitious targets for the adoption of renewable energy. Self-healing grids present an opportunity to seamlessly integrate renewable energy sources such as solar and wind into the grid. These grids can effectively manage the intermittent nature of renewables, optimize their utilization, and improve grid stability. Consequently, this fosters additional investment in renewable energy projects.

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Based on component, the Hardware segment is expected to dominate the market during the forecast period. Reliable communication networks are indispensable for real-time transmission of sensor data to grid control centers. The adoption of advanced technologies such as 5G and IoT holds immense potential for augmenting communication capabilities within the grid. Crucial for swiftly restoring service during faults, grid protection and switching equipment play a vital role in isolating and rerouting power. The deployment of intelligent circuit breakers and switches is on the rise, enabling automated fault detection and isolation. Integration of energy storage systems, like batteries, into self-healing grids is increasing, enabling excess energy storage and backup power provision during outages. This enhances grid stability and facilitates the seamless integration of renewable energy sources. As digitalization and connectivity expand, robust cybersecurity measures become essential to safeguard the grid from cyber threats. Investments in cybersecurity hardware, software, and practices are steadily increasing. To enable remote monitoring and control, hardware components like remote terminal units (RTUs) and intelligent electronic devices (IEDs) are strategically deployed throughout the grid.

Based on application, the Transmission Lines segment is projected to dominate the market throughout the forecast period. To enable real-time data transmission from remote locations, a robust communication infrastructure is imperative for transmission lines. Fiber-optic networks and microwave communication systems are commonly utilized to transmit data from sensors on transmission lines to control centers. Remote monitoring and control systems are deployed to effectively manage and optimize the operation of transmission lines. These systems empower utilities to automatically reroute power and isolate faults, thereby minimizing downtime and reducing the impact of outages. Automation equipment, such as intelligent circuit breakers and switches, is employed to automate responses to transmission line faults. These components enable self-healing capabilities by isolating and restoring power flow as required. Transmission lines can be upgraded with grid resilience enhancements, such as high-temperature conductors and robust insulators, to withstand extreme weather conditions and enhance overall reliability. Safeguarding transmission line infrastructure from cyber threats is of utmost importance. Hardware and software solutions for grid cybersecurity are indispensable to ensure the integrity and reliability of transmission lines. The transmission lines segment plays a crucial role in self-healing grids in India, given the country's extensive and diverse power grid. Investments in advanced monitoring and control technologies, alongside a robust communication infrastructure, are vital for enhancing the resilience and reliability of transmission lines. The integration of renewable energy sources also introduces complexity to this segment, necessitating hardware solutions for grid management and balancing.

Key market players in the India Self-Healing Grids Market are:-

• Tata Power
• Reliance Energy
• BSES Rajdhani Power Limited (BRPL)
• Siemens
• Schneider Electric
• ABB
• Larsen & Toubro (L&T)
• Crompton Greaves
• Schneider Electric India Pvt. Ltd.
• Power Grid Corporation of India Limited (PGCIL)

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“The India Self-Healing Grids Market in South India is poised to be the dominant force in the industry. The rapid urbanization and industrialization in cities such as Chennai, Bengaluru, and Hyderabad are leading to a significant surge in electricity demand. Self-healing grids present a solution to efficiently meet this growing demand by optimizing grid operations, minimizing energy losses, and ensuring uninterrupted power supply to industries.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Self-Healing Grids Market Segmented By Component (Hardware, Software & Services), By Application (Transmission Lines and Distribution lines), By End-User (Public Utility and Private Utility), By Region, and By Competition, 2019-2029F,” has evaluated the future growth potential of India Self-Healing Grids Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Self-Healing Grids Market.

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