Press release
Smart Grid Market Key Player Global Analysis by Schneider Electric, Fujitsu General, Belden, General Electric, Honeywell Elster
Smart Grid Market, Smart Grid Market Study, Smart Grid Market Size, Smart Grid Market Segmentation, Smart Grid Market Growth
The prime objective of Smart Grid Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report.
Description: Smart grid Market is predicted to reach over USD 70 billion by 2024. Favorable government initiatives toward grid advancement will drive the industry growth. The regulatory authorities across the nations have imposed stringent regulations and mandates as part of their initiatives to combine the grid installation and research & development activities. The global funding for digital electricity infrastructure in 2016, was valued over to USD 45 billion to improve the reliability, security and resiliency of the grid. In addition, the growing government focus toward grid refurbishment to reduce overutilization, load mismatch and integration challenges will further augment the smart grid market.
This report focuses on the top Manufacturers and players in global market are given bellow:-
ABB, Hubbell, Schneider Electric, Fujitsu General, Belden, General Electric, Honeywell Elster, Landis+Gyr, Oracle Itron, Siemens, Cisco, Wipro and IBM.
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The U.S. smart grid market in 2017, was valued over USD 3 billion. Implementation of various grid automation plans to strengthen the distributed intelligence and communication flexibility of national electrical infrastructure will positively impact the industry growth. Growing demand for energy conservation on account of recurring blackouts will stimulate the business outlook. In 2017, The Public Service Electric & Gas Company invested an amount of USD 69 million to enhance the consumer energy efficiency by data analytics and smart thermostat programs.
Smart grid market by communication & wireless infrastructure is predicted to grow over 20% by 2024. Growing requirement of IoT intervention for improving demand management, grid efficiency and customer services across power utilities will stimulate the business outlook. Digitalization of grid by using sensors and cloud computing technology provides real time data on electricity usage and helps in consumption pattern monitoring. The wide application of control systems across distribution & substation automation, demand-side management and advanced outage management will enhance the product penetration.
Smart Grid Market Size By Technology
Smart T&D Equipment, Distribution & Network Automation, Advanced Metering Infrastructure, Consumer Interface, Communication & Wireless Infrastructure
By Deployment
Generation, Transmission, Distribution, End-Use
By Service
Consulting, Deployment & Integration, Support & Maintenance
Industry Analysis Report, Regional Outlook
U.S., Canada, Mexico, Germany, UK, France, Italy, Sweden, Denmark, Netherlands, Belgium, Spain, China, India, Japan, Australia, South Korea, Saudi Arabia, UAE, South Africa, Brazil, Chile. Columbia
Competitive Market Share & Forecast, 2018 - 2024
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