Canadian Electrical Industry News Week

Sept 27, 2019

EIN Smart Grid 400As data becomes central to new business models in the energy utility sector, the global grid analyticsmarket is expected to accelerate from $1.15 billion in 2018 to $2.31 billion in 2025, at a compound annual growth rate (CAGR) of 10.4%. Energy utilities are generating massive volumes of data from smart meters, intelligent energy devices, and multi-sensing units but only 2% to 4% of data from the system is actually leveraged for analytics. This data, combined with a sophisticated analytics platform, can deliver valuable insights for utilities that can lead to improved customer service and operational metrics.

"The market will gradually switch to predictive and prescriptive analytics, especially as networks with low latency capabilities, such as 5G, are employed to minimize reaction times," said Farah Saeed, Research Director, Energy & Environment at Frost & Sullivan. "Predictive and prescriptive analytics will incorporate statistical models that flag areas of inefficiency, evaluate and predict events in a timely manner, and eventually include Artificial Intelligence (AI) to deliver a holistic decision-making tool."

Frost & Sullivan's recent analysis, Global Smart Grid Analytics Market, Forecast to 2025, provides an in-depth analysis of key applications and opportunities in the market. This study segments data analytics into three main areas of the grid network: transmission and distribution (T&D) network, metering, and customer analytics. It covers the regions of North America, Europe, Asia-Pacific, and Rest of the World.

"North America is currently the largest market for grid analytics but Asia is expected to register the fastest CAGR of 13.3% between 2018 and 2025. The emphasis is on improving energy access and minimizing financial losses including non-technical losses. India and China, in particular, have been leading the way when it comes to utility-scale renewable energy (RE) sources. " noted Saeed. "Meanwhile, Australia and Singapore are looking to minimize power interruption by integrating geographic information system data analytics and forecast events, and Japan would be an ideal market for customer analytics as it is attempting to achieve 100% smart meter penetration by 2024."

In the future, the areas with the greatest growth opportunities will include:

  • Service outcome-based business models instead of just power generation and transmission.
  • Internet of Things (IoT) devices and sensors that track and transmit data from and to the grid. IoT infrastructure spending by utilities is forecast to reach more than $2 billion by 2024, growing at a CAGR of 20.5%.
  • RE and electric vehicles. Utilities in Europe and North America are beginning to leverage these resources as baseload and back-up capacity.
  • Initiatives to strengthen the grid to minimize outage times, streamline billing operations, provide real-time energy information, and deliver new and relevant services.

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       Partnering For The Next Step                                                                     

Siemens CanadaWelcome to the Digital Enterprise Virtual Summit brought to you by Siemens

How quickly can you react to changing conditions and demands in your market? How can you ensure your production will run securely at any time in the future?

Industry’s digital and technological transformation is the answer for meeting today’s and tomorrow’s challenges and market needs.

With the right digitalization and automation solutions, expertise won from practical experience, and a partnership approach that benefits all involved parties.

To explore these possibilities, we’re bringing together top-level speakers, specialists and decision-makers from various industries and experts from Siemens to the Digital Enterprise Virtual Summit under the motto “Partnering for the next step.”   

This virtual summit will be an interactive digital event featuring first-hand experiences and success stories achieved with industrial digitalization and automation solutions, and cutting-edge technologies.

Join us on July 16 and learn from customers and experts how you can respond efficiently, flexibly and safely to the changing market environment.

To cover as many different time zones as possible, we offer two almost identical live sessions – you can also watch them on demand at your convenience:

Sessions runs from :  9:30 am to 2:15 pm ET (3:30 pm to 8:15 pm CEST)


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WestburneMany contractors prefer to deal with the people that they know, in their local branch. When doing a job out of town, it’s often inconvenient or simply impossible to return to your home branch to pick up material orders for the next day, within standard business hours.

Westburne’s new locker solution extends the branch’s pick up times to 24 hours, 7 days a week.

 

 

 


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All electrical incidents are preventable! Keep employees safe with an up-to-date electrical safety program and complimentary training.

“Employees don’t do what you expect, they do what you inspect!” This is a great quote when it comes down to occupational health and safety. The need for ensuring that an audit is a key component of your overall occupational health and safety management system and your company’s electrical safety program is essential.

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Michelle BraniganBy Michelle Branigan

Student workers may make up a relatively small portion of the sector workforce, but their impact is substantial. EHRC’s Empowering Futures wage subsidy program has placed 510 students, contributing $14.8 million to the Canadian economy (and counting). That’s no small figure, especially considering that many placements are only a few months long.

In challenging economic times, the tendency might be to pull back on initiatives not deemed essential to operating — why take a chance on an inexperienced employee for only a short time when resources are already stretched?

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Brady Pull-Handle Butterfly Valve LockoutThe Pull-handle Butterfly Valve Lockout. Its simple, fold-over design effectively lockspull handles in any desired position. And, it holds up to four padlocks for added safety. No matter what industry you’re in, this versatile, one-piece lockout device bolsters your safety lockout solution. And that’s a welcome addition to any lockout program. With this device you’ll also get:

  • A great fit – exclusive, anti-pivot lockout device that fits a variety of pull handle butterfly valve sizes

 

 

 

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Shannon TymoskoBy Blake Marchand

Shannon Tymosko is a first-year apprentice with IBEW (International Brotherhood of Electrical Workers) Local 105, something she undertook after 10 years working her way up the ranks of a payday loan company.

“One of the things I love, working in the trades, is you can see your progress and you can see at the end of the day the work that you have done.

 

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