According to Transforma Insights, the total count of Grid Operations devices is projected to increase from 26 million in 2020 to 92 million by 2030. IoT grid management (electricity grid, water grid & gas grid) enhances utilities by improving efficiency, resilience, and sustainability. It optimizes resource allocation, reduces downtime, and enables proactive maintenance, making critical systems more robust and reliable.
The 1NCE team fully acknowledges the relevance of IoT in efficient smart grids management. This is evident in our substantial Utilities customer base share of 21%, where Smart Grid stands out as one of the leading use cases.
Find out more about Key Smart Grid vendors within Europe, America and Asia:
Smart Grid Vendor | Geographic Region | Website |
|---|---|---|
Siemens AG | Europe | |
ABB Ltd | Europe | |
Schneider Electric | Europe | |
General Electric | North America | |
Cisco Systems | North America | |
Honeywell International | North America | |
Huawei Technologies | Asia | |
Landis+Gyr | Europe | |
Itron Inc. | North America |
Note: The list makes no claim to completeness.
There are numerous applications within the Smart Grid use case:
Application | Description |
|---|---|
Advanced Metering | Real-time communication for accurate billing and efficient energy management. |
Demand Response | Managing peak load by reducing energy consumption during high-demand periods. |
Distribution Automation | Enhancing reliability and efficiency in electricity distribution networks. |
Grid Monitoring | Real-time monitoring and control for efficient energy distribution and fault detection. |
Microgrid Management | Efficient operation and control of localized energy systems. |
Renewable Energy Integration | Integrating renewable sources and optimizing their use in the grid. |
Intelligent EV charging, optimal schedules, load balancing, and renewable integration. | |
Energy Storage Management | Optimizing energy storage to balance supply and demand, store excess energy, and support grid stability. |
Advanced Metering | Real-time communication for accurate billing and efficient energy management. |
Learn more about Utilities and explore Customer Insights.
