This report provides Transforma Insights’ view on the use of IoT in the management and operation of smart grids. This comprises electricity, gas, water and sewerage infrastructure.
The transition from traditional to smart grid operations is a significant IoT initiative impacting the production and supply of all the three utilities (water, electricity and gas) worldwide. By 2030 there will be 91 million grid operation devices. This report examines the reasons for increasing adoption of smart grids, modernisation of traditional grid, and automation of distribution systems substations and power regulation stations. The report also assesses the management of infrastructure, use cases and popular deployments by vendors across the three utilities.
Electricity smart grid monitoring is vital for the successful implementation of load balancing and microgeneration. Electricity grids will also leverage predictive analytics and big data to pre-empt energy losses in the system. The change in climatic conditions, increasing demand for electricity and the use of alternative sources such as renewables, are the key reasons driving the need for smart electricity grid operations.
In contrast, the use of IoT monitoring and management in smart water grids is less well developed. However, itis critical as it deals with multiple issues related to water scarcity, losses, droughts, floods and reduced water security.
Gas smart grids promote the use of more sustainable alternatives such as biogas, bio-methane and hydrogen. These grids are crucial in reducing carbon emissions, improving energy independence, and detection of gas leakages and faults.
The report provides a detailed definition of the sector, analysis of market development and profiles of the key vendors in the space. It also provides a summary of the current status of adoption and Transforma Insights’ ten-year forecasts for the market. The forecasts include analysis of the number of IoT connections by geography, the technologies used (including splits by 2G, 3G, 4G, 5G, LPWA, short range, satellite and others), as well as the revenue split between module, value-added connectivity and services. A full set of forecast data, including country-level forecasts, sector break-downs and public/private network splits, is available through the IoT Forecast tool.