Advanced Protective Relay Market to Grow
The advanced protective relay sector is growing in sophistication and giving utilities new features and capabilities, such as sub-second monitoring and data collection, according to Navigant Research.
These devices are used to manage and control transmission and distribution grids, and the data they collect on grid conditions is highly actionable and otherwise valuable. Navigant found that the market is expected to total $73 billion during the period starting this year and culminating in 2024.
The firm said that the current base of protective relays is obsolete and nearing failure. The markets that are associated with the equipment are expected to collapse. This, the firm found, will create opportunity for upgrades. Navigant explores mechanical, solid-state and digital advanced protective relays and integrated digital protection systems in its report.
Making the grid smarter is a goal of the Internet of Things. That’s one area of focus for Ingenu, which recently rolled out a network that covers 55,000 square miles in the United States, according to The San Diego Union. The company – which has changed its name from On-Ramp, has raised more than $100 million since it launched in 2008.
- 2015 Insider Knowledge
- 2016 Environmental Leader Product & Project Awards
- 2016 Energy and Sustainability Predictions Findings from Facilities Professionals
- How the IoT is Reshaping Building Automation
- 10 Tactics of Successful Energy Managers
- Four Key Questions to Ask Before Your Next Energy Purchase
- eBook: Five Key Considerations for Integrating Renewables into Your Procurement Strategy
- The New Energy Future - Challenges and Opportunities in Corporate Energy Management
- Planning for a Sustainable Future
- The Missing Puzzle Piece: Automated Utility Data Aggregation