Smart grid communication technologies are now rapidly becoming the most trusted way of handling power transmission. A communication system is the core of any smart-grid infrastructure. It transmits real-time information between the supply and delivery points. Due to such high-end applications, the global smart grid communication technologies market is expected to see significant growth in the coming years.
Smart grid communications can easily handle the distribution related problems that are common for the current electricity grids. These issues crop up due to a variety of factors such as high number geographically distant delivery points, increasing power loads, and intermittent renewable sources of energy. Smart grid communication technologies try to enhance the efficiency, reliability, and safety of these complex electrical grids.
Smart grid communication technologies have helped in reducing the overall commercial as well as technical losses of the smart grid operations. These technologies have allowed in real-time monitoring of smart-grid systems and cut down the operational errors. Such benefits have helped in fuelling the growth of the global smart grid communication technologies market. Additionally, increasing demand for efficient communication systems to handle recurring electrical grid problems has also helped in propelling the growth of the global smart grid communication technologies market.
Some of the notable developments in the global smart grid communication technologies market are listed below:
- In May 2019, Trilliant Networks, the leader in the global smart grid communication technologies market was recently awarded the prestigious Bronze Stevie® Award
- In April 2019, Hancock-Wood Electric Cooperative helped the farming community of Ohio to switch to reliable and energy efficient power systems. For this purpose, Hancock-Wood Electric Cooperative selected the Sensus AMI Solution with Distribution Automation features to bolster the reliability of the system and cut down outages.
Some of the key players in the global smart grid communication technologies market include names such as Tropos Network Inc., Sensus ABB Ltd., Trialliant Holdings Inc., and Viola Systems among others.