Smart Energy Market Industry Growth 2019: GE-Alstom, Itron, Siemens, AB, S&T, Samsung SD, A123, Bosch, BYD, Landis + Gyr, Sensus, AES Energy Storage, LG Chem, Saft, Axion Power International, Solar Grid Storage LLC

Smart grids are expected to cut down losses in the transmission and distribution of power and balance the demand and supply of electricity effectively. The net result is that investments in smart grid technology have helped to propel the growth of smart grid IT systems too. The emergence and installation of smart grids has resulted in the growth of innovative power supply technologies, which in turn will have a positive impact on the growth of the smart energy market until the end of 2020.

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Key manufacturers are included based on company profile, sales data and product specifications etc.:
GE-Alstom, Itron, Siemens, AB, S&T, Samsung SD, A123, Bosch, BYD, Landis + Gyr, Sensus, AES Energy Storage, LG Chem, Saft, Axion Power International, Solar Grid Storage LLC

Smart meter is an electronic device that records the consumption of electric energy and communicates the information to electricity suppliers for monitoring and billing. Smart meters typically record energy hourly or more frequently, and report at least daily. Growing pressure on conserving natural resources and government regulations on the use of water, electricity and gas coupled with the advancements in metering technologies are expected to positively influence global smart meters market during the forecast period.

The country is focusing on upgrading and replacing outdated infrastructure, enabling grid reliability, and installing smarter power networks. The factor responsible for this demand in Asia-Pacific is conducive government initiatives, including proper allocation of funds and making smart meters mandatory in many countries. 

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Major applications as follows:
Smart Grid
Digital Oilfield
Home Energy Management Systems (HEMS)
Smart Solar
Others

Major Type as follows:
Independent Type Smart Energy
Distributed Smart Energy

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