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Smart Grid Market Assessment, By Network Area, By Components, By Applications, By End-use, By Region, Opportunities, and Forecast, 2016-2030F

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New York, June 28, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Smart Grid Market Assessment, By Network Area, By Components, By Applications, By End-use, By Region, Opportunities, and Forecast, 2016-2030F” – https://www.reportlinker.com/p06470963/?utm_source=GNW

The Global Smart Grid market has experienced significant growth in recent years and is expected to maintain a strong growth trajectory in the coming years. Valued at USD 52.19 billion in 2022, the market is projected to reach USD 218.58 billion by 2030, reflecting a notable CAGR of 19.61% during the forecasted period from 2023 to 2030. The market is expected to experience growth due to the rising investments in the industry and the implementation of advanced technologies like smart meters, electric vehicle chargers, and other infrastructure advancements. These technological developments are projected to propel the expansion of the market in the upcoming years. Moreover, the demand for smart grids is rapidly increasing due to factors such as growing energy demand, renewable energy integration, grid modernization initiatives, grid resilience, etc.

Many power grids around the world are outdated and face challenges due to aging infrastructure. Components such as transformers, substations, and power lines may need replacement or upgrades. Modernization initiatives help address these infrastructure issues by incorporating advanced technologies and more efficient equipment. One of the most prominent examples of a modernization initiative is Schneider Electric SE’s EcoStruxure Advanced Distribution Management System (ADMS). Schneider Electric SE’s EcoStruxure ADMS offers a comprehensive network management solution that encompasses monitoring, analysis, control, optimization, planning, and training tools. It operates on a unified representation of the entire electric distribution network. By merging Distribution Management Systems (DMS), Outage Management Systems (OMS), and Supervisory Control and Data Acquisition (SCADA) functionalities, EcoStruxure ADMS combines over 50 advanced functions. This integration enables the maximization of benefits derived from intelligent grid devices, distributed renewable energy sources, advanced metering, and other smart grid components.

The Advent of Highly Advanced Smart Grid Technologies

The emergence of highly advanced smart grid technologies has revolutionized the energy sector. These cutting-edge technologies have significantly enhanced the capabilities of traditional power grids, enabling more efficient, reliable, and sustainable energy distribution. One of the most prominent examples of highly advanced smart grid technology is the implementation of Advanced Metering Infrastructure (AMI). AMI is mostly attributed to residential customers, and it consists of meters that measure and document electricity consumption at intervals of at least one hour. These meters supply the collected data to both the utility company and the customer on a daily basis. The range of AMI installations varies, starting from basic meters that record energy usage at hourly intervals, up to advanced meters with built-in two-way communication capabilities. These sophisticated meters have the ability to capture and transmit real-time data instantly. Moreover, the United States is regarded as the 2nd largest electricity producer in the world. As per the U.S. Energy Information Administration, in 2021, electric utilities in the United States had approximately 111 million installations of advanced metering infrastructure (AMI), representing around 69% of all electric meter installations. The majority of these AMI installations, around 88%, were attributed to residential customers. Additionally, AMI meters accounted for approximately 69% of all residential electric meters. Hence it can be stated that the advent of highly advanced smart grid technologies like AMI is amplifying the Smart Grid market growth rate extensively across the globe.

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Continuous Development of Smart City Projects

As smart city projects expand, the demand for advanced energy management systems, including smart grids, grows significantly. The integration of multiple systems and the need for real-time data monitoring and analysis drive the adoption of smart grid solutions. Moreover, the essence of a smart city lies in harnessing real-time data to elevate the standards of living and foster a sustainable future. One of the most appropriate examples of smart city projects is Songdo International City in South Korea . Once a coastal area reclaimed from the Yellow Sea, Songdo has rapidly transformed into a smart city, earning the reputation as the “Smartest City in the World.” The concept of a smart city revolves around utilizing real-time data to enhance the quality of life and sustainability. At the heart of the city’s Central Business District lies the G-Tower, serving as the central control hub. Equipped with an extensive network of CCTV cameras, the G-Tower monitors various aspects such as traffic flow, building temperatures, emergency response coordination, etc.

North America Dominates the Global Market for Smart Grid

North America has been dominating the global smart grid market. The region has been at the forefront of smart grid deployments, with significant investments and initiatives in countries like the United States and Canada. Factors contributing to North America’s dominance include favorable government policies, strong utility infrastructure, technological advancements, and a focus on grid modernization and renewable energy integration. As of 2021, residential customers accounted for 88% of the total AMI installations in United States.

Additionally, the region’s robust industrial and commercial sectors have driven the adoption of smart grid technologies to improve energy efficiency and reliability. Moreover, the government of the United States has introduced a lot of statements and policies for the betterment of the smart grid market in this region. Under SEC. 1301. Statement of Policy on the Modernization of Electricity Grid, the United States is committed to supporting the modernization of its electricity transmission and distribution system to ensure a reliable and secure infrastructure that can meet future demands. This modernization effort aligns with the concept of a Smart Grid, characterized by several key elements.

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Government Initiatives

The government of several nations has played a crucial role in fostering the growth of the smart grid market. By recognizing the significance of modernizing the electricity infrastructure and promoting sustainable energy practices, governments have implemented various policies and initiatives to support the development and adoption of smart grid technologies. For instance, the National Smart Grid Mission was issued by the Indian government. The objective of the Indian power sector’s transformation is to create a secure, sustainable, and digitally enabled ecosystem. This includes implementing smart grid technology to facilitate distributed generation, especially rooftop solar, through bidirectional energy flow and net metering. The smart grid enables real-time monitoring, grid automation, and active consumer participation, fostering reliable energy access, sustainable growth of renewable resources, and energy conservation. Moreover, it aligns with the mission of providing reliable and quality energy for all stakeholders while promoting a greener energy ecosystem.

Impact of COVID-19

The COVID-19 pandemic had a positive as well as a negative impact on the worldwide smart grid market. On one hand, it has accelerated the digitization of energy systems, emphasizing the importance of remote operations and reliable electricity supply, leading to increased interest and investment in smart grid technologies. On the other hand, the pandemic has also caused delays in project deployments due to disrupted supply chains and construction activities. The crisis has highlighted the significance of resilient energy systems, with smart grids recognized as essential for ensuring grid stability and quick response to disruptions. Moreover, financial constraints resulting from the economic downturn have affected the ability of utilities and governments to invest in smart grid projects, leading to some market slowdowns. Changes in electricity consumption patterns during the pandemic posed challenges for demand response programs but also emphasized the importance of demand flexibility. Moreover, increased awareness of energy efficiency and the adoption of smart meters and energy management systems has driven interest in energy-saving measures and smart grid solutions. Overall, while the pandemic has presented obstacles, the need for resilient and efficient energy systems remains paramount, and as economies recover, the demand for smart grid technologies is expected to rebound, driven by the focus on grid resilience, energy efficiency, and remote monitoring capabilities.

Impact of the Russia-Ukraine War

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The Russia-Ukraine war led to disruptions in energy supply, which in turn has highlighted the importance of energy diversification and resilient infrastructure, prompting countries and energy companies to consider investing more in smart grid technologies. Geopolitical uncertainty arising from the conflict-affected investment decisions and business confidence, potentially impacting the overall investment climate for smart grid projects. Moreover, energy security concerns have been amplified, particularly in Europe, emphasizing the need for advanced energy management systems like smart grids to enhance security by diversifying energy sources and improving integration capabilities. Furthermore, policy and regulatory changes resulting from the conflict also influenced the smart grid market as governments prioritized grid resilience and diversification.

Key Players Landscape and Outlook

The global smart grid market is experiencing a rapid growth rate as companies from all across the globe are focusing on the advancement of smart grid technologies through various collaboration projects. Moreover, the advent of Artificial Intelligence (AI) and IoT (Internet of Things) along with the investment of the companies in creating more resources for research and development, marketing efforts, and the expansion of distribution networks is aiding the market expansion rate extensively.

• On March 1st, 2023, Schneider Electric and Cisco, two of the most renowned global technology companies joined forces to construct Egypt’s most advanced smart grid system. Leveraging their expertise in information technology and digital innovation, this collaboration aims to establish a highly efficient and cyber-protected network. This advanced infrastructure will incorporate cutting-edge technologies such as AI and the IoT to effectively manage and facilitate the integration of both conventional and renewable energy sources .

• On October 13th, 2022, IBM announced its role as the systems integrator for NV Energy’s Advanced Service Delivery initiative, which encompasses smart grid technology, advanced meter infrastructure, and meter data management. NV Energy, a utility company that provides electricity and gas services to around 1.4 million customers in Nevada, is leading a significant initiative to deploy advanced smart grid technologies. This endeavour received support from the Department of Energy’s USD 138 million stimulus grant. Moreover, IBM partnered with NV Energy to provide expertise in various areas, including grid systems integration, grid system architecture, business process, and business analytics, thereby amplifying the growth of smart grid market worldwide.
Read the full report: https://www.reportlinker.com/p06470963/?utm_source=GNW

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Artificial Intelligence

Five Women on Stars of Science Season 16 Lead the Charge

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A New Era of Women in STEM on Qatar Foundation’s Edutainment Show
DOHA, Qatar, Sept. 30, 2024 /PRNewswire/ — Five out of seven — that’s the groundbreaking number of female contestants in season 16 of Stars of Science. This historic representation is more than just a statistic; it is a testament to the quiet yet powerful revolution unfolding in the Arab world, within the laboratories, workshops, and brilliant minds of these female innovators. This season does not simply shine a spotlight on their achievements; it celebrates a shift in what it means to be a woman in STEM, challenging age-old gender norms and redefining innovation across the Arab world.

Since its inception, Stars of Science has supported 37 female alumnae, enabling them to develop countless brilliant innovative ideas that would eventually become products or services. In a recent previous season Eiman Al-Hamad from Qatar landed third place with her Arabic conversation fraud detection program, and for the first time, a woman—Omani scientific researcher and mother of three, Soumaiya Al Siyabi—was crowned the winner. The barriers that once seemed insurmountable are crumbling, with the women of season 16 leading the charge.
Historically, women have faced significant barriers in STEM fields, but the Arab world is witnessing a profound shift. According to UNESCO, countries such as Qatar, Jordan, and Saudi Arabia are recording higher percentages of female STEM graduates than many Western nations. Dr Hind Abdulrahman Al Muftah, Qatar’s Permanent Representative to the United Nations Office in Geneva, spoke at the International Telecommunication Union’s celebration of International Girls in ICT Day, highlighting the importance of enhancing and empowering women. Dr Al Muftah noted that in 2021, women made up 70% of graduates in fields such as information systems, computer engineering, general engineering, medicine, pharmacy, and sciences. She emphasised that providing access to technology is essential for transforming Qatar into a knowledge-based economy that is inclusive of all, particularly women. This surge reflects a broader societal transformation, where women are increasingly recognised as key contributors to scientific and technological advancements.
The innovative ideas of the women in Stars of Science season 16 are more than technical achievements — they are powerful catalysts for change, addressing critical challenges in the Arab world and beyond. From Khadidja Fellah Arbi’s work in healthcare with her ‘ECG-based glucometer’to Emma Sleiman’s efforts in enhancing the diagnosis of ADHD in children with the ‘ADHD multimodel classifier,’ their contributions are filling critical gaps in regional healthcare.
Nada Raafat Elkharashi and Mariam Montaser are setting new standards in sustainability and healthcare. Elkharashi’s achievements in sustainable technology with a ‘Self-powering biosticker’ and Montaser’s ‘Testing kit for bacterial respiratory infections’ highlight the pivotal role women in STEM play in addressing global issues. Meanwhile, Sanaa Belkoutbi’s ‘Drone structure inspector inside mosques’ demonstrates how women in STEM can uniquely blend cultural preservation with modern engineering, ensuring that progress does not come at the expense of heritage.
Female enrolment in STEM programmes continues to rise, reflecting the growing recognition of women’s vital role in these fields. Platforms like Stars of Science, championed by Qatar Foundation, are pivotal in driving this transformation, offering essential visibility and unwavering support that empower women to excel and lead.
As Sarah Aboerjaib, a distinguished alumna and guest mentor of Stars of Science, stated: “As women, we invent not just to create, but also to inspire. Every invention is a story of resilience, a testament to the power of imagination, and a beacon for those who dare to dream beyond boundaries.”
Season 16 of Stars of Science is more than just a competition; it marks the dawn of a new era. The future of STEM in the Arab world is driven by the determination of these extraordinary women. As they forge ahead, they’re not just playing the game — they are rewriting the rules. The future is female, and it has never looked more promising.
Stars of Science airs from 7 September 2024 to 19 October 2024 on five channels in the region and online. Please visit the broadcast guide for channels and timings.
About Stars of Science:
Throughout 16 years of success, Stars of Science – the edutainment TV initiative of Qatar Foundation (QF) – has leveraged its position as the premier innovation show in the Arab world to empower Arab innovators to successfully transform innovative ideas into tangible solutions, strengthening the culture of innovation among Arab youth. In its sustained journey that started in 2009, the show has demonstrated how young Arab innovators develop technological solutions for their communities, aiming to improve people’s well-being, provide financial opportunities to their local citizens, and advance sustainable development.
Over a 12-week process, the contestants develop their solutions experimentally in a shared innovation space, competing against time with the mentorship and support of a team of experienced engineers and product developers.
An expert panel of jurors assesses and selects more promising innovators and their projects every week across several prototyping and testing rounds until three finalists remain to compete for a share of the Grand Prize. Jury deliberation and online voting from the public determine the rankings of the two top winners.
To know more about Stars of Science, please visit: Website, Facebook, X, Youtube, Instagram, Tiktok, and LinkedIn.
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Persistent Advances Data Privacy and AI-Driven Business Transformation with the Acquisition of Arrka

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PUNE, India, Sept. 30, 2024 /PRNewswire/ — Persistent Systems (BSE: 533179) (NSE: PERSISTENT), a global pioneer in Digital Engineering and Enterprise Modernization, today announced the intent to acquire Arrka, a Pune-based company renowned for its decade-long data privacy expertise, its pioneering Data Privacy Management platform and growing expertise in AI governance. This strategic acquisition significantly enhances Persistent’s AI-led, platform-driven services and strengthens its ability to provide comprehensive offerings in digital governance, including data privacy, AI governance, and cybersecurity, among others. With Arrka’s expertise, Persistent will help clients accelerate their transformation journeys while ensuring ethical, responsible, and compliant AI.

With the widespread adoption of AI, implementing and managing digital governance in general and data privacy and responsible AI are taking center stage for enterprises across industries. Persistent is addressing the opportunities in AI through strategic investments in innovative platforms like SASVA™, an in-house cutting-edge platform using generative and deterministic AI, as well as through tuck-in acquisitions such as that of Starfish Associates, to strengthen its position in AI-powered Contact Center and Unified Communications. The integration of Arrka is a critical component in scaling Persistent’s AI practice and addressing the rising demand for digital governance. It is a key to the Company’s strategy to deliver responsible, ethical, and comprehensive platform-driven digital solutions.
Arrka’s Data Privacy Management platform enables organizations to manage their data privacy risks and comply with multi-jurisdictional legal and regulatory requirements in an integrated manner. Persistent will integrate and significantly broaden Arrka’s offerings to establish deep capabilities across the digital governance and trust domain, including:
AI Governance and Ethics: Equipping organizations to implement and manage AI risks, ensuring trust and governance across their AI initiatives.Data Privacy: Scaling Arrka’s Data Privacy expertise to help businesses enhance and mature their ability to comply with multiple privacy laws and regulations in a holistic manner.Privacy in AI Product Engineering: Offering privacy-by-design capabilities that help embed ethical and trustworthy practices into AI development, thus ensuring transparent and explainable systems.Consent and Rights Management: Developing tailored solutions for managing user consent, handling data subject rights requests, and ensuring transparency in data processing across multiple platforms and jurisdictions.AI Systems Auditing and Compliance Management: Offering continuous compliance and auditing solutions to ensure comprehensive monitoring of AI systems.Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent: 
“Arrka’s acquisition perfectly aligns with our vision to deliver AI-driven services that fuel innovation and ensure data privacy, ethics, and compliance at every stage. By integrating Arrka’s expertise with our AI-led, platform-driven services strategy, we are empowering businesses to innovate responsibly while managing risk and compliance more effectively. Their mature frameworks and Data Privacy Management platform provide a scalable foundation to ensure this new capability is platform-driven and embeds governance from the outset, which is now critical for successful AI implementations. We’re delighted to welcome Shivangi and her talented team as we strengthen our digital governance and data privacy offerings and shape the future of responsible AI together.”
Shivangi Nadkarni, Co-Founder, Arrka: 
“The acquisition by Persistent catapults Arrka onto the global stage. With the strength and resources of Persistent, we now have the opportunity to go from what has been a specialist, boutique business working with select long-term clients in India, to expanding our footprint into global markets and deepening our expertise rapidly in multiple areas of digital governance. Moreover, this has come at an opportune time, just when this domain is experiencing significant growth globally with the rise of AI. The Arrka team is excited by the opportunities ahead.”
Chirag Mehta, Vice President and Principal Analyst, Constellation Research: 
“As customers accelerate their adoption of AI, the urgency to address data privacy and compliance challenges has never been greater. Persistent’s acquisition of Arrka strengthens its AI-led, platform-first approach, empowering customers to confidently pursue their business goals while tackling these critical security concerns head-on.”
About Persistent
Persistent Systems (BSE & NSE: PERSISTENT) is a global services and solutions company delivering Digital Engineering and Enterprise Modernization to businesses across industries. With over 23,500 employees located in 19 countries, the Company is committed to innovation and client success. Persistent offers a comprehensive suite of services, including AI-enabled software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation. The Company has been recognized as the “Most Promising Company” of the Year by CNBC-TV18 at the 2023 India Business Leader Awards. As a participant of the United Nations Global Compact, Persistent is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals.
www.persistent.com
Forward-looking and Cautionary Statements
For risks and uncertainties relating to forward-looking statements, please visit persistent.com/flcs
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Fujitsu launches “Takane” – A large language model for enterprises offering the highest Japanese language proficiency in the world

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With collaboration from Cohere, Fujitsu promotes the utilization of generative AI by achieving advanced customization in a secure private environment
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Fujitsu launches Takane, a Japanese-language large language model (LLM) designed for secure enterprise useIntegrated into Fujitsu’s AI service Fujitsu Kozuchi and offered through the all-in-one operation platform Fujitsu Data Intelligence PaaS (DI PaaS)Specialized and tailored for industry-specific use and trained for the Japanese language (world-class score on the JGLUE benchmark) to address the challenges of using LLMs in sensitive industries that require a high degree of accuracy and reliabilityTOKYO, Sept. 30, 2024 /PRNewswire/ — Fujitsu today announced the launch of Takane, a large language model (LLM) designed for enterprise use in secure private environments. Developed in collaboration with Cohere Inc., (1) Takane represents a significant leap forward in generative AI capabilities, offering world-class Japanese language capabilities.

Fujitsu will integrate this new LLM into its generative AI services on Fujitsu Kozuchi and offer it through Fujitsu Data Intelligence PaaS (DI PaaS), an all-in-one operation platform that is part of Fujitsu Uvance, Fujitsu’s portfolio of solutions addressing cross-industry societal challenges. Takane will be available globally starting September 30, 2024.
Takane, which has achieved world-leading results on the Japanese General Language Understanding Evaluation (JGLUE) benchmark (2), is designed for enterprise use in a secure private environment. Fujitsu will offer Takane alongside its generative AI framework for enterprises which comprises knowledge graph extended RAG technology for referencing large-scale text and monitoring technology for generative AI that ensures output is compliant with laws, regulations, and corporate rules. With this comprehensive approach, Fujitsu aims to create an LLM that supports customers’ business transformation.
With the launch of Takane, Fujitsu elevates its generative AI offerings on Fujitsu Kozuchi with a high-precision LLM tailored for secure private environments. This strategic move aligns with Fujitsu’s vision for seamlessly integrating generative AI into business operations.
Takane will also be provided under an initiative to deliver total support for customers’ generative AI journeys by combining the LLM with its Uvance Wayfinders consulting service and broader Fujitsu Uvance offerings. With this comprehensive approach, Fujitsu aims to empower customers to unlock new value and address societal issues by enhancing productivity, creativity, and innovation in their business operations.
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