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Guidehouse Insights Estimates Transmission and Distribution Sensing and Measuring Market Will Grow to $9 Billion by 2031 – PR Newswire

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Sep 01, 2022, 05:15 ET
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TDSM technologies will become essential as more DER resources are integrated onto a single grid system
BOULDER, Colo., Sept. 1, 2022 /PRNewswire/ — A new report from Guidehouse Insights analyzes the transmission and distribution sensing and measurement (TDSM) market and discusses its vital role in creating a more balanced and technologically responsive electric grid.  
The Energy Cloud transformation is expected to enable a two-way grid that is networked, distributed, clean, and intelligent. In this scenario, the electric grid no longer operates as a centralized system with unidirectional power flow; instead, it becomes a highly dynamic and digitalized energy ecosystem with customers at its center. To operate effectively, the grid must have accurate and real time sensing and measurement. According to a new report from Guidehouse Insights, global revenue from TDSM technologies is expected to grow from almost $4.5 billion in 2022 to $9.3 billion in 2031 at a compound annual growth rate (CAGR) of 8.4%.
"As this transition to a bidirectional, decentralized grid occurs, utilities around the world will be upgrading their automation and monitoring capabilities across transmission and distribution," says Elizabeth Wilson, research analyst with Guidehouse Insights. "This will happen in all regions and for all utilities—including investor-owned, municipal, vertically integrated, and distribution system operators."
As the cost of TDSM technologies decreases and they become more accessible, more and more utilities will gravitate toward deploying them. They will become essential as more distributed energy resources (DER) resources are integrated onto a single grid system. These systems can effectively monitor T&D systems remotely, using AI. Additionally, as costs decrease for integrated technologies, less integrated, more expensive solutions such as phasor measurement units (PMUs) will decline globally, according to the report.
The report, Market Data: Transmission and Distribution Sensing and Measurement, addresses how transmission and distribution sensing and measurement are crucial for creating a more balanced and technologically responsive electric grid. This report breaks down regional TDSM growth and technological development and includes an outlook for the ten-year period 2022-2031. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 13,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Market Data: Transmission and Distribution Sensing and Measurement, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
Cecile Fradkin
+1.646.941.9139
[email protected]
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