Asset Management and Condition Monitoring

Grid Sensors and Software Solutions for Transmission and Distribution Networks: Global Market Analysis and Forecasts

Asset management for most utilities today is handled with what is commonly called a run-to-fail strategy. Particularly in the distribution network, where asset value is generally low, many utilities have not incorporated sensing or monitoring technology into their networks. However, with the advent of the smart grid – and the deployment of communications networks that enable advanced metering infrastructure and distribution automation programs – the inclusion of sensing or monitoring is starting to make more economic sense.

Asset management and condition monitoring (AMCM) solutions encompass physical devices that may share real-time or near real-time data with the operations center. They also include software solutions like asset management systems and, increasingly, analytics solutions that draw on multiple sources to provide management with a holistic view of the performance of the grid and its critical components. The benefits of more refined grid operations are increasingly recognized, not only by financial stakeholders, but also by regulatory bodies concerned with electric rates for customers and the reliability and efficiency of the power grid overall. Due to the trends noted above and falling prices, the AMCM market is poised to grow rapidly over the next decade. Navigant Research forecasts that the global market for AMCM devices and solutions will more than triple between 2014 and 2023 to nearly $6.9 billion.

This Navigant Research report analyzes the global market for AMCM solutions and describes where they are needed in the grid. The study discusses significant market drivers and applications and outlines challenges to deployment. Global market forecasts for condition monitoring sensors in the grid and asset management software solutions, including asset-management-as-a-service (AMaaS) and analytics, extend through 2023. Sensor forecasts are segmented by location in the grid, including transmission and distribution substations, transmission lines, distribution lines, and distribution transformers. The report also provides in-depth profiles of key vendors and examines several utility deployment case studies.

Key Questions Addressed:
  • What are the benefits of grid sensors within high-, medium-, and low-voltage networks?
  • What applications do grid sensors enable?
  • What types of sensors are available and where can they be deployed in the grid?
  • What qualities and characteristics of power flow and the health of grid equipment can be measured?
  • How much do various grid sensors cost?
  • How large will the market for condition monitoring grow over the next decade?
  • How do asset management systems and analytics benefit utilities?
  • How much do asset management systems and analytics cost and how large is the market forecast to grow?
Who needs this report?
  • Utilities
  • Hardware and software vendors
  • Systems integrators
  • Regulators and policymakers
  • Government agencies
  • Investor community

Table of Contents

1. Executive Summary

1.1  Overview

1.2  Key Trends and Challenges in AMCM

1.3  Market Forecast

2. Market Issues

2.1  Overview

2.1.1   The Evolution of Asset Management and Maintenance

2.1.2   Asset Management, Condition Monitoring, and Condition-Based Maintenance

2.1.2.1  Sensors

2.1.2.2  Asset Management Systems, Analytics, and  Predictive Maintenance

2.1.2.3  Asset-Management-as-a-Service

2.2  Market Drivers

2.3  Market Challenges

2.4  Applications

2.4.1   Failure or Outage Reporting

2.4.2   Fault Location, Isolation, and Service Restoration

2.4.3   Dynamic Line Rating

2.4.4   CVR

2.4.5   Non-Technical Loss Prevention

2.4.6   Intermittent Renewable Energy

2.4.7   EV Charging

2.4.8   Fleet and Field Crew Management

2.5  Regional Drivers for AMCM

2.5.1   North America

2.5.1.1  AMCM Deployment Case Study: American Electric Power

2.5.1.2  AMCM Deployment Case Study Consolidated Edison

2.5.2   Europe

2.5.3   Asia Pacific

2.5.4   Latin America

2.5.5   Middle East & Africa

3. Technology Issues

3.1  Power Grid Overview

3.2  Sensing and Measurement in the Grid

3.2.1   Physical Monitoring

3.2.2   Electrical Monitoring

3.2.3   Chemical Analysis

3.2.4   Self- or Remote-Powered Devices

3.2.5   Emerging Technologies

3.3  AMCM in the Transmission Network

3.3.1   Transmission Substations

3.3.1.1  Transformers

3.3.1.1.1.  Bushings

3.3.1.2  Current Transformers and Voltage Transformers

3.3.1.3  Relays/Intelligent Electronic Devices

3.3.1.4  Circuit Breakers

3.3.1.5   Batteries

3.3.2        Transmission Lines

3.3.2.1  Synchrophasors/Phasor Measurement Units

3.4  AMCM in the Distribution Network

3.4.1   Distribution Substations

3.4.2   Distribution Lines/Feeders

3.4.2.1  Distribution Transformers

3.4.2.2  Reclosers

3.4.2.3  Sectionalizers

3.4.2.4  Fault Indicators

3.4.3   LV Networks

3.4.3.1  Smart Meters

4. Key Industry Players

4.1  Overview

4.1.1   ABB

4.1.2   Alstom Grid

4.1.3   Ametek Power Instruments

4.1.4   AT&T Wireless

4.1.5   Capgemini

4.1.6   Cooper Power Systems

4.1.7   GE

4.1.8   GRIDiant

4.1.9   GridSense

4.1.10  IBM

4.1.11  IntelliSAW

4.1.12  OptiSense Network

4.1.13  S&C Electric

4.1.14  Schneider Electric

4.1.15  Schweitzer Engineering Laboratories

4.1.16  Sentient Energy

4.1.17  Siemens AG Energy Sector

4.1.18  Silver Spring Networks

4.1.19  Tollgrade Communications

4.1.20  Verizon Wireless

4.1.21  Other Industry Participants

5. Market Forecasts

5.1  Introduction

5.2  Market Forecast Methodology

5.3  Global Market Outlook

5.4  Regional Analysis

5.4.1   North America

5.4.2   Europe

5.4.3   Asia Pacific

5.4.4   Latin America

5.4.5   Middle East & Africa

5.5  Conclusions and Recommendations

5.5.1   Recommendations for Utilities

5.5.2   Recommendations for Vendors

6. Company Directory
7. Acronym and Abbreviation List
8. Table of Contents
9. Table of Charts and Figures
10. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Annual Revenue for Power Grid AMCM Devices and Solutions by Category, World Markets: 2014-2023
  • Annual Revenue for Power Grid AMCM Devices and Solutions by Region, World Markets: 2014-2023
  • Annual Revenue for Power Grid AMCM Devices and Solutions by Category, North America: 2014-2023
  • Annual Revenue for Power Grid AMCM Devices and Solutions by Category, Europe: 2014-2023
  • Annual Revenue for Power Grid AMCM Devices and Solutions by Category, Asia Pacific: 2014-2023
  • Annual Revenue for Power Grid AMCM Devices and Solutions by Category, Latin America: 2014-2023
  • Annual Revenue for Power Grid AMCM Devices and Solutions by Category, Middle East & Africa: 2014-2023
  • Annual Revenue for Transmission Substation Sensors by Region, World Markets: 2014-2023
  • Annual Revenue for Transmission Line Monitors by Region, World Markets: 2014-2023
  • Annual Revenue for Distribution Substation Sensors by Region, World Markets: 2014-2023
  • Annual Revenue for Distribution Line Monitors by Region, World Markets: 2014-2023
  • Annual Revenue for Distribution Transformer Sensors by Region, World Markets: 2014-2023
  • Annual Revenue for AMSs and Analytics Solutions by Region, World Markets: 2014-2023
  • Sensing and Monitoring in the T&D Grid, North America
  • Examples of Dissolved Gas Analysis Devices
  • Transmission Grid and Line Voltage in the United States
  • Example of an HV Line Sensor
  • Examples of Distribution Network Sensors
  • Examples of Distribution Feeder Devices
  • Examples of Pole-Top and Pad-Mounted Distribution Transformers, North America
  • Traditional Fault Indicator
  • AHC Information Flow and Analysis

List of Tables

  • Annual Revenue for Power Grid AMCM Devices and Solutions by Category, World Markets: 2014-2023
  • Annual Revenue for Power Grid AMCM Devices and Solutions by Region, World Markets: 2014-2023
  • Condition Monitoring in Transmission Substations by Metric, World Markets: 2014-2023
  • Condition Monitoring in Transmission Lines by Metric, World Markets: 2014-2023
  • Condition Monitoring in Distribution Substations by Metric, World Markets: 2014-2023
  • Condition Monitoring in Distribution Lines by Metric, World Markets: 2014-2023
  • Condition Monitoring in Distribution Transformers by Metric, World Markets: 2014-2023
  • Asset Management Systems, AMaaS, and Analytics Solutions Revenue by Type, World Markets: 2014-2023
  • Annual Revenue for Power Grid AMCM Devices and Solutions by Category, North America: 2014-2023
  • Condition Monitoring in Transmission Substations by Metric, North America: 2014-2023
  • Condition Monitoring in Transmission Lines by Metric, North America: 2014-2023
  • Condition Monitoring in Distribution Substations by Metric, North America: 2014-2023
  • Condition Monitoring in Distribution Lines by Metric, North America: 2014-2023
  • Condition Monitoring in Distribution Transformers by Metric, North America: 2014-2023
  • Asset Management Systems, AMaaS, and Analytics Solutions Revenue by Type, North America: 2014-2023
  • Annual Revenue for Power Grid AMCM Devices and Solutions by Category, Europe: 2014-2023
  • Condition Monitoring in Transmission Substations by Metric, Europe: 2014-2023
  • Condition Monitoring in Transmission Lines by Metric, Europe: 2014-2023
  • Condition Monitoring in Distribution Substations by Metric, Europe: 2014-2023
  • Condition Monitoring in Distribution Lines by Metric, Europe: 2014-2023
  • Condition Monitoring in Distribution Transformers by Metric, Europe: 2014-2023
  • Asset Management Systems, AMaaS, and Analytics Solutions Revenue by Type, Europe: 2014-2023
  • Annual Revenue for Power Grid AMCM Devices and Solutions by Category, Asia Pacific: 2014-2023
  • Condition Monitoring in Transmission Substations by Metric, Asia Pacific: 2014-2023
  • Condition Monitoring in Transmission Lines by Metric, Asia Pacific: 2014-2023
  • Condition Monitoring in Distribution Substations by Metric, Asia Pacific: 2014-2023
  • Condition Monitoring in Distribution Lines by Metric, Asia Pacific: 2014-2023
  • Condition Monitoring in Distribution Transformers by Metric, Asia Pacific: 2014-2023
  • Asset Management Systems, AMaaS, and Analytics Solutions Revenue by Type, Asia Pacific: 2014-2023
  • Physical Measurement and Applications
  • Other Industry Participants
  • Annual Revenue for Power Grid AMCM Devices and Solutions by Category, Latin America: 2014-2023
  • Electrical Measurement and Applications
  • Condition Monitoring in Transmission Substations by Metric, Latin America: 2014-2023
  • Condition Monitoring in Transmission Lines by Metric, Latin America: 2014-2023
  • Condition Monitoring in Distribution Substations by Metric, Latin America: 2014-2023
  • Condition Monitoring in Distribution Lines by Metric, Latin America: 2014-2023
  • Condition Monitoring in Distribution Transformers by Metric, Latin America: 2014-2023
  • Asset Management Systems, AMaaS, and Analytics Solutions Revenue by Type, Latin America: 2014-2023
  • Annual Revenue for Power Grid AMCM Devices and Solutions by Category, Middle East & Africa: 2014-2023
  • Condition Monitoring in Transmission Substations by Metric, Middle East & Africa: 2014-2023
  • Condition Monitoring in Transmission Lines by Metric, Middle East & Africa: 2014-2023
  • Condition Monitoring in Distribution Substations by Metric, Middle East & Africa: 2014-2023
  • Condition Monitoring in Distribution Lines, Middle East & Africa: 2014-2023
  • Condition Monitoring in Distribution Transformers, Middle East & Africa: 2014-2023
  • Asset Management Systems, AMaaS, and Analytics Solutions Revenue by Type, Middle East & Africa: 2014-2023

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