In Four Years, Doctors to Use Intelligent Systems for Surgery

Global bodies like World Health Organization (WHO) are emphasizing on the need to improve surgical devices. A logical solution to this is integration of operating rooms (ORs) to intelligent surgical systems. A Frost & Sullivan report predicts 45% operating rooms will install intelligent technologies in the coming days. The reports ascertain a four-year long period for this fundamental change to take shape. Furthermore, it is easy to improve the predictability and precision of surgical devices through this change.

Relevance of Intelligent Surgical Systems

Senior analysts from the healthcare industry believe that bespoke ORs could soon be a reality. The advent of home care devices might aid the development of hub-and-spoke models of ORs. The domain of transformational health has attracted voluminous investments from multiple sources including government authorities. Opportunities worth $30 billion are currently at the disposal of healthcare companies. This trend has relieved the financial flux on the healthcare industry with regard to development of custom ORs.

The researchers also pointed to the relevance of data interoperability in predicting health outcomes. Furthermore, the patient wellness index could also be improved with the help of intelligent surgical systems. However, the development of intelligent ORs also faces a number of challenges. Intelligent ORs and surgical devices face a severe threat from cyberattacks and intrusions.

Revolutionizing Healthcare

The report in question also suggests the use of artificial intelligence technologies within medicine. These technologies can be deployed to study the rate of readmission, and the possible causes behind it. Furthermore, the report also elucidates the relevance of virtual reality (VR) in medicine.
Royal Philips is amongst the few companies that have successfully integrated augmented reality within the domain of surgery. The company has partnered with Microsoft to develop a nascent system for intelligent surgical operations. Several similar products are in the pipeline across different companies.

Implementation of Smart Grid Infrastructures Boosts Power Substation Automation and Integration market

Smart grid infrastructures have metamorphosed the industry of electric power industry fundamentally in a number of developing and developed nations. They have an influential role to play in power substation automation and integration market and have witnessed increased adoption by the electric sector. They basically comprise modern system software infrastructure and advanced control methods. Out of numerous elements of smart grid, main elements are intelligent electronic devices (IED) and smart sensing & metering technologies. They have substantially assisted in the automation of power substations. These intelligent electronic devices come with microprocessors. These microprocessors can perform some essential primary control service, assist in the exchange of operational and non-operational data, and give outputs and inputs to the smart grid system.

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Power substation automation and integration facilities are utilized to better control, automation, and command within substations. The technology is primarily utilized in electrical distribution systems. Intelligent electronic gadgets that generate data are the most widely used devices in substation automation.

The power substation automation and integration market is gaining momentum from the rising implementation of smart grid infrastructures. They are also rapidly replacing the existing infrastructure of the power systems. The growing need for the former is ascribed to the multifunctional solutions that they offer, which mostly comply with the latest communication protocols. Besides, the market is anticipated to garner momentum from the growing need for enhancing the grid reliability and efficiency.

However, despite experiencing growth, high initial investments needed to deploy power substation automation and strict regulations could impede the growth of power substation automation and integration facilities market.

Geographically, North America secured a dominant position in the global power substation automation and integration market. Asia Pacific is likely to register high CAGR over the forecast timeframe. Owing to the substantially high penetration of industries, the need for power substation automation and integration will continue to stay high in North America.

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Some of the leading vendors in the global power substation automation and integration facilities market are Cooper Power Systems Inc., General Electric Co., Schweitzer Engineering Lab Inc., NovaTech LLC, Alstom S.A., and ABB Ltd.

Power Substation Automation and Integration Market fuel by rising adoption of smart grid infrastructures

The global market for power substation automation and integration is presumed to be creating wonders in terms of drawing revenue in the coming years due to the installation and implementation of small grid infrastructures in and around all developing nations. Substation Automation is the process of using data from IED or Intelligent Electronic Devices and to control the automation capabilities within the particular substation. This is done by controlling the commands from remote users to have control over power-system devices. Power system automation is the process of automatically controlling power system with the help of controlling devices and instrumentation.

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Power substation automation and integration features are used for enhancing the automation, control and command within substations. This technology is mainly utilized in intelligent electronic devices and electrical distribution systems as well. The devices that are considered electronically intelligent, are used for generating data and the widely used in all machines in substation automation. However, government restrictions and higher level of investment during the initial stages may hamper the market growth.

Nevertheless, the rise in adoption of smart grid infrastructures are propelling the overall market for power system automation and integration. Smart grid infrastructures are considered responsible for replacing the traditional infrastructures of power. The rise in demand for smart grid infrastructures is also attributed to their multifunctional solutions. This is majorly agreed with the advanced convention of communication. Moreover, the global market for power system automation and integration is prophesized to offer lucrative opportunities of growth from the increase in demand of improved grid reliability and efficiency..

Geographically, the market for power system automation and integration market is dominated by North American region with higher CAGR levels. This is owing to the considerably high level of industrial penetration into power substation automation and integration that probably will continue in the years to come.

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Power Substation Automation and Integration Market : Size demand will increase by 2017 – 2025

Global Power Substation Automation and Integration Market: Snapshot

Smart grid infrastructures have fundamentally transformed the electric power industry in a number of developed and developing nations. They play a seminal role in power substation automation and integration and have increased implementation in the electric sector. They essentially consist of advanced control methods and modern system software infrastructure. Out of several components of smart grid, primary are smart sensing & metering technologies and intelligent electronic devices (IEDs), which have greatly helped in the automation of power substations. These intelligent electronic devices contain microprocessors that can provide inputs and outputs to the smart grid system, perform some essential primary control service, and help in the exchange of operational and non-operational data. Most common IEDs include protective relays, load survey, revenue meters, programmable logic controllers (PLCs), and power equipment controllers. Supervisory control and data acquisition (SCADA) systems are the key to operational data management and are used to control and monitor the power system in substation. Smart metering technologies furnish data that help in remote monitoring, manage time-of-use pricing, and enable demand-side management for consumers of utilities. Along with smart metering systems, SCADA have become ubiquitous in smart grid technologies. These components are deployed to improve as well as automate operation and maintenance (O&M) efficiencies. Several vendors offering analytical tools for integrating information technology (IT) and operational technology (OT) capabilities in power substation must ensure that utilities can extract more valuable information from smart meters. Non-operational data consists of important information on event summaries through oscillographic reports and sequential events records. In addition, SCADA also helps grid operators and managers to prevent any security breach and cyberattacks, which has boosted their popularity in power substation automation and integration.

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Global Power Substation Automation and Integration Market: Overview

Power substation automation and integration facilities are used to enhance the command, automation, and control within substations. The technology is mainly used in electrical distribution systems. Intelligent electronic devices used to generate data are the most commonly used machines in substation automation.

The report provides a comprehensive market overview covering the various drivers and restraints, and identifying the market opportunities. It is compiled using exhaustive data obtained via proven methods of research and from trusted industrial sources. Presented in a chapter-wise format, the report also includes various graphs, infographs, statistics, and data aimed providing added information regarding the global power substation automation and integration market.

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It also studies the effect of Porter’s five forces on the market. The analysis gauges the bargaining power of buyers and sellers, threat from substitutes and new entrants, and the degree of competition prevailing in the market. Information thus compiled in the report is aimed at providing the leading companies a better perspective of the prevailing business dynamics and help them create successful business strategies.

Global Power Substation Automation and Integration Market: Trends and Opportunities

The market is gaining impetus from the increasing adoption of smart grid infrastructures, which are also fast replacing the existing power infrastructures. The rising demand for the former is attributed to the multifunctional solutions they provide, which majorly are in compliance with the advanced protocols of communication. Additionally, the market is expected to gain impetus from the rising need for improving the grid efficiency and reliability.

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Despite witnessing positive growth, the high initial investment required to deploy power substation automation and stringent regulations could hamper the market’s trajectory to an extent.

Global Power Substation Automation and Integration Market: Regional Outlook

Regionally, while North America established dominance in the global power substation automation and integration market, Asia Pacific is projected to report a higher CAGR during the course of the report’s forecast period. Due to the considerably high industrial penetration, the demand for power substation automation and integration will continue to remain high in North America. However, the growth witnessed across major economies is likely to stagnate in the forthcoming years, compelling the leading market players to look for opportunities in developing nations. In Asia Pacific they will discover lucrative prospects as emerging nations exhibit rapid industrial growth and flourishing economies.

Global Power Substation Automation and Integration Market: Vendor Landscape

The vendor landscape analysis includes profiles of companies such as ABB Ltd., Cooper Power Systems Inc., Schweitzer Engineering Lab Inc., Alstom S.A., Siemens AG, General Electric Co., and NovaTech LLC among others. The analysis covers financial reports of the companies profiled, an evaluation into the recent business strategies and subsequent effects, strengths and weaknesses, and the evolution of their operations over the years. Based on research thus conducted, the report provides refined outlook to assist the market players, both existing and new entrants, create winning business strategies for the future.