September 14, 2023 (Investorideas.com Newswire) In the Industry 4.0 era, advanced AI and ML technologies have revolutionized switchgear, enabling precise predictive maintenance through real-time load and fault analysis. Smart switchgears leveraging 5G for instant data transmission are key elements in optimizing energy distribution in smart grids and microgrids, minimizing downtime and enhancing electrical infrastructure, says GlobalData, a leading data and analytics company.
Kiran Raj, Practice Head of Disruptive Tech at GlobalData, comments: "The integration of AI and 5G in modern switchgear marks a significant leap in the electrical infrastructure management. Not only does this tech convergence boost operational efficiency, but it also enhances safety by predicting and mitigating electrical failures before they happen. It is a prime example of how digital transformation can tangibly improve traditional industries, opening the door for even more innovations in energy management."
Vaibhav Gundre, Project Manager at Disruptive Tech at GlobalData, comments: "The evolution in switchgear technology also paves the way for more sustainable energy systems. A more efficient smart grid enables improved reliability and also facilitates the integration of renewable energy sources. Advanced predictive analytics can balance load demands with energy supply, optimizing the grid for both traditional and green energy. Thus, the smartification of switchgear is not just a technical upgrade; it is a critical step towards a more sustainable future."
GlobalData's FutureTech Series report, "Switchgear In Utilities 2.0 - How Tech Is Driving The Sector Innovation," highlights more than 30 disruptive forces in power and utilities as emerging, accelerating, and maturing innovation areas based on their rate of growth in innovation.
Siemens patented a real-time failure prediction system for power networks, using state estimation data from components like instrumental transformers in October 2022. The system utilizes both steady-state and transient-state data to accurately forecast and prevent outages.
The German multinational technology conglomerate secured a patent for a low-voltage circuit breaker featuring an electronic trip unit and a mobile device, capable of wirelessly adjusting current or time-current limits via a mobile device with a wireless LAN interface, in March 2022.
State Grid Corporation of China submitted a patent application for a fire detection system for switch cabinets, which incorporates miniature cameras, data processing technology, communication devices, and a fire extinguishing mechanism, in June 2022.
Gundre concludes: "The modernization of switchgear through AI, ML, and advanced communication technologies is not merely an incremental improvement but a paradigm shift in how we manage and distribute energy. By enhancing predictive maintenance, streamlining operations, and paving the way for renewable energy integration, these innovations present a holistic approach to tackling both current and future energy challenges. This transformation aligns with the core principles of Industry 4.0, merging physical and digital technologies to create a safer, more sustainable future."
For more information
To gain access to our latest press releases: GlobalData Media Centre
Analysts available for comment. Please contact the GlobalData Press Office:
EMEA & Americas: +44 (0)207 832 4399
Asia-Pacific: +91 40 6616 6809
Email: pr@globaldata.com
Notes to Editors
About GlobalData
4,000 of the world's largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData's unique data, expert analysis and innovative solutions, all in one platform. GlobalData's mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.
More Info:
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
