The recently completed Newton-Evans study of the Global Market for Protective Relays shows that out of 97 electric utilities surveyed around the world, 20% claim they currently require outside assistance for cyber security audits of their relay systems, and an additional 42% claim they will need third party assistance by 2022.
Another third-party service cited as a need was cyber asset classification; 37% of utilities surveyed said they will need third party assistance with this activity by 2022. Seventeen percent currently require third party assistance with this. International utilities tended to have more of a need than North American utilities; 69% of International utilities surveyed either currently require or will require assistance with audits, compared to 55% of North American utilities.
A few other areas where third party service providers and outside consultants will be needed include conducting vulnerability assessments on relay systems, and audit preparation: the training and coaching of subject matter experts.
The area where the least amount of survey respondents indicated a need for assistance was relay maintenance.
The Worldwide Study of the Protective Relay Marketplace in Electric Utilities: 2019-2022 measures current market sizes and contains projections on a world region basis for the next few years. More than 35 topics are covered in the utility survey portion of this study. The entire research program will define the product and market requirements which suppliers must meet in order to successfully participate in one or more of these diverse world market regions.
The new study also includes surveys of a combined total of nearly 50 P&C consultants and relay manufacturers. The observations of both groups will be reported in the market assessment report (Volume Three) of the series.
Order this report from the report page here:
https://www.newton-evans.com/product/the-worldwide-study-of-the-protective-relay-marketplace-in-electric-utilities-2019-2022/
Send email inquiries to info@newton-evans.com or call +1 410 465 7316.
summary reviews and highlights from completed studies
