U.S. Smart Grid IT Systems Market Estimated to Reach US$ 9228.0 Mn by 2022, due to Increased Focus on Reduction of Transmission and Distribution Losses

Absolute Markets Insights offers its latest published report ‘Smart Grid IT Systems Market by Software (Advance Metering Infrastructure (AMI), Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Substation Automation, Billing and Customer Information System); by Hardware (AMI meter, Sensors, Networking hardware, Programmable Logic Controller (PLC)); by Service(Consulting, Deployment and Integration, Support and Maintenance) – U.S. Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2018 - 2026’.The author of the report analyzed that the U.S. smart grid it systems market accounted for US$ 3857.0 million in 2017.

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A smart grid, or intelligent power system, refers to a power system that makes extensive use of digitalization. Smart grids enable customers’ increased participation in the electricity market and improve power adequacy and create new business opportunities for companies. Consumers in U.S are expressing an interest in increasing their communication with their utility provider as a means of obtaining greater levels of control. Government support has been instrumental in the rapid forward movement of United States smart grid IT systems market. It has provided necessary funding as well as education on the value it will have to individuals, the energy industry and the nation by reducing U.S. dependence on foreign oil and allowing us to better manage the country’s long-term energy needs.

Advanced Metering Infrastructure(AMI) Anticipated to be the Dominant Segments During the Forecast Period, 2018-2026
Among the software, advanced metering infrastructure is a dominant segment holding the largest market share. It empowers customers and utilities with real?time information regarding energy use. It is a key element in the U.S. government's push for electric grid modernization.

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Government Intervention in Smart Grid IT Systems to drive the Market in California
California regulatory agencies such as the California Public Utility Commission (CPUC) and state energy policy and planning agencies such as the California Energy Commission (CEC) are continuing to launch a broad range of smart grid initiatives.

Government objectives is aimed to increase use of cost-effective digital information and control technology to improve reliability, security, and efficiency of the electric grid.
United States Smart grid IT Systems Market is Fragmented in Nature
Some of the key participants in U.S. market are Green Charge Networks, Bit Stew, Duke Energy, Enbala Power Networks, Enphase, Florida Power & Light, Green Charge Networks, Greensmith Energy Management Systems, Gridco Systems, New Brunswick Power Corporation, NRG Home, Opower, S&C Electric Company, Sacramento Municipal Utility District, Schneider Electric, SolarCity, Stem, Sunverge Energy Inc., Tendril. IN 2017, FPL became the first utility in the industry to tackle momentary power outages that last less than one minute. These outages cost industrial, commercial and residential customers billions of dollars each year. By rolling out more than 80,000 TripSaver II lateral reclosers from S&C Electric Co. across FPL territory, S&C estimates that, according to government data, electricity users may save up to $500,000 per year on each main feeder.

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• Smart Grid IT Systems Market – By Software
o Advance Metering Infrastructure (AMI)
o Smart Grid Distribution Management
o Smart Grid Communication
o Grid Asset Management
o Substation Automation
o Billing and Customer Information System

• Smart Grid IT Systems Market – By Hardware
o AMI meter
o Sensors
o Networking hardware
o Programmable Logic Controller (PLC)

• Market By Service
o Consulting
o Deployment and integration
o Support and maintenance

• Market By Region
o North America
 U.S.
 Rest of North America
o Europe
 France
 The UK
 Spain
 Germany
 Italy
 Rest of Europe
o Asia Pacific
 China
 Japan
 India
 Southeast Asia
 Rest of Asia Pacific
o Middle East and Africa
 GCC Countries
 Southern Africa
 Rest of Middle East and Africa
o Latin America
 Brazil
 Rest of Latin America

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