Smart
grid refers to a grid system in which all the elements involved are
integrated to improve the efficiency, reliability, and safety of the
electrical grid. Built on advanced infrastructure, global smart grid
communication nodes market with renewable and non-renewable energy
sources, communication networks, and automated control. The most
vital advantage of a smart grid lies in managing the electricity
demand in a reliable, sustainable, and economic manner.
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Communication
is an intrinsic component of smart grid infrastructure for real-time
operations. So much so that a robust communication system is the
basis of an improved smart grid infrastructure. In smart grids,
communication nodes are the redistribution points for transmission of
communication signals within the smart grid network. However,
maintaining the type and technology requirement of smart grid
communication is important for optimal performance output. In a smart
grid, it is the communication of data, voice, and numbers that takes
place for real-time transfer of information.
Use
of Smart Grid Communication Nodes Reduces Electrical Grid
Redundancies
Worldwide,
the adoption of smart grid communication nodes is on the rise. The
increasing demand for uninterrupted power supply and need for
streamlining communication between consumers and power suppliers is
bolstering the demand for smart grid communication nodes. In
addition, the adoption of smart grid communication node helps prevent
technical and commercial redundancies, supports real-time system
monitoring, and enables communication of feedback. These factors are
collectively contributing to the growth of the smart grid
communication nodes market. Last but not the least, operational
errors are considerably reduced when communication nodes are used,
thereby leading to improved overall process efficiency.
However,
high installation cost of smart grid communication nodes is
challenging the growth of this market. To counter this, communication
nodes such as RF mesh, Worldwide Interoperability for Microwave
Access (WiMAX), point-to-multipoint, and LTE, which are developed
using newer technologies are slated to be economically sustainable,
thereby benefitting the global smart grid communication nodes market.
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Segmentation
of Smart Grid Communication Node Market: an Overview
The
smart grid communication nodes market is segmented on the basis of
technology and geography. By technology, wired (fixed) and wireless
are the segments of the smart grid communication nodes market. Of the
two, wireless communication nodes are preferred over wired
communication nodes, thanks to the latter utilizing more
infrastructure to cover a relatively smaller area than wireless nodes
for communication.
By
geography, North America, Europe, Latin America, Asia Pacific, and
the Middle East and Africa are the regional segments of the smart
grid communication nodes market. Amongst all, North America and
Europe are mature markets for smart grid communication nodes, with
countries such as the U.S., Germany, the U.K., and France
contributing large amounts of revenue to the regional markets of
North America and Europe.
In
the coming years, Asia Pacific will emerge as a lucrative market for
smart grid communication nodes. Currently, Japan, China, and South
Korea account for the majority of the demand for smart grid
communication nodes in Asia Pacific. In China and India, economic
growth and other factors favorable for the adoption smart grid
communication nodes will lead to substantial demand for these
components in the next few years.
Some
of the major companies operating in the global market for smart grid
communication nodes are ABB Ltd., Metrycom Communication Ltd.,
southern States LLC, Viola Systems, Trilliant Inc., ETap Inc.,
Osisoft LLC, Sensus, and Tropos Networks Inc.
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