Smart Power Technology Market: Smart Power Devices, Smart Power Technologies, Texas Instruments Incorporated, STMicroelectronics N.V, RICOH Electronic Devices, Schukat Electronic Vertriebs Are Top Leaders in Industry
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"Smart power technology Market Outlook – North America region holds the largest market share of the global smart power technology market"
North America holds the dominant position in the global smart power technology market and is projected to retain its dominance throughout the forecast period. This is mainly attributed to the countries such as the U.S. and Canada, which are early adopters of novel technologies and account for a disproportionately high consumption of energy. According to Energy Information Administration, in 2012, 118 quadrillion Btu energy was consumed in the U.S., which is projected to increase to 128 quadrillion Btu by 2025.
"Top Leading Keyplayers in Industry and their Strategies for Business Growth"
Smart Power Devices Ltd., Smart Power Technologies LLC, Texas Instruments Incorporated., STMicroelectronics N.V, RICOH Electronic Devices Co., Schukat Electronic Vertriebs Gmbh and Wärtsilä Corporation are some of major companies of the global smart power technologies market. Leading players are focusing on organic growth strategies and geographical expansion to strengthen their position in the market. For example, in 2015, April, Wärtsilä Corporation—a Finland-based power source manufacturing and service providing company—announced the installation of two new smart power generation power plants in Oman, for the Rural Area Electricity Company.
Smart Power Technology Market Taxonomy
On the basis of sector, the global smart power technology market is classified into:
-Energy and utilities sector
On the basis of source, the global smart power technology market is classified into:
On the basis of device type, the global Smart power technology market is classified into:
-Low power device
-Medium power device
-High power device
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