Press release
Global Smart Grid Market size is projected to grow from USD +20 billion in 2018 to USD +50.65 billion by 2023, at a CAGR of +19 by 2023,focusing on top Key Players ABB,Siemens,Cisco,Belden,Deutsche Telekom,Microchip Technology Inc,Itron
Smart-Grid-Market
TOP Key Vendors:
ABB,Siemens,Cisco,Belden,Deutsche Telekom,Microchip Technology Inc.,Itron,Fujitsu,GE,Huawei,Schneider Electric,Landis+GYR,Aclara Technologies,Open Systems International
Global Smart Grid Market size is projected to grow from USD +20 billion in 2018 to USD +50.65 billion by 2023, at a CAGR of +19%.
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The smart grid market report has been broadly classified on the basis of software into Advanced Metering Infrastructure (AMI), smart grid distribution management, smart grid communication, grid asset management, substation automation, and billing and customer information system; on the basis of hardware into AMI meters, sensors, networking hardware, PLC and others ; on the basis of services into consulting, deployment and integration, and support and maintenance; and on the basis of regions into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.
The Smart Grid Market segment is expected to show the fastest growth rate during the forecast period. Smart Grid communication enables a utility grid with intelligent functions such as substation automation, distribution automation, energy management, real-time control, self-healing, increased reliability and security by combining hardware and software together to form a mesh network.
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North America is expected to hold the largest market in the forecast period. Favourable government policies and mandates in North America help in fuelling the smart grid market. In addition, the regional governments in the US are promoting AMI meters and smart grid solutions. For instance, in June 2018, Lubbock Power & Light in Texas, US approved the budget of USD 120 million for updating and renovating existing grid infrastructure.
The conclusions of this report illustrate the potential of the global Smart Grid Market in terms of investment potential in various segments of the market and illustrate the feasibility of explaining the feasibility of a new project to be successful in the near future. The report also collects data for each major player in the market based on current company profiles, gross margins, sales prices, sales revenue, sales volume, photos, product specifications and up-to-date contact information.
Table of Contents
Global Smart Grid Market Research Report
Chapter 1 Smart Grid Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Productions, Revenue (Value) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Productions, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Smart Grid Market Forecast 2025
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