What’s driving the Smart Grid Market Growth? | Top Key Players are Hubbell Incorporated, Schneider Electric, Siemens, GE, ABB, Wipro Limited, Oracle, IBM
Request for a sample of this research report @ www.gminsights.com/request-sample/detail/1365
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 grids market.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Hubbell Incorporated
2. Schneider Electric
6. Wipro Limited
10. Belden Inc.
12. Itron, Inc.
14. Fujitsu Global
Chapter 3. Smart Grid market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024 (USD Million)
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Regulatory landscape
3.5. Innovation and sustainability
3.5.2. Schneider Electric SE
3.5.3. Fujitsu General
3.6. Global investment trend analysis
3.7. Key existing and upcoming projects
3.8. Smart Grid Developed Vs Upcoming Markets
3.9. Transmission and distribution loss trends
3.10. Customer requirements
3.11. Customer group requirements
3.11.2. Government institutions
3.12. Entry barrier
3.13. Industry impact forces
3.13.1. Growth drivers
188.8.131.52. .Increasing need to digitalize the power sector
184.108.40.206. Favorable government regulations and mandates
220.127.116.11. Growing share of renewable energy in the energy mix
18.104.22.168. Reliable and efficient energy consumption
3.13.2. Industry pitfalls & challenges
22.214.171.124. Rising cyber attacks
3.14. Growth potential analysis
3.15. Porter's analysis
3.16. Competitive landscape, 2017
3.16.1. Strategy dashboard
126.96.36.199.1. Product Development
188.8.131.52.3. Long Term Contract
184.108.40.206.2. Long-term contracts
220.127.116.11.3. New Product Launch
18.104.22.168.2. New Product Launch
22.214.171.124. Siemens AG
126.96.36.199.2. Long-term contracts
3.17. Company market share,2017
3.18. PESTEL analysis
Make an inquiry for buying this report @ www.gminsights.com/inquiry-before-buying/1365
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.
UK smart grid market is set to witness strong growth owing to favorable regulatory norms toward environmental sustainability and energy conservation. The legislative directive and mandate rollout across the nation toward smart meters will augment the business landscape. As part of the smart grid plan, the Energy Networks Association has aimed to execute a local energy market, enabling the households and businesses to trade power thereby contributing to conservation of energy.
China smart grid market is anticipated to grow over 11% by 2024. Regulatory measures toward increasing sustainable energy mix along with the development of green infrastructure will foster the industry growth. For instance, the government of China has planned to increase the share of renewable energy over 20% by 2030 in the existing generation mix.
Key industry participants in the smart grid market include ABB, GE, Siemens, Schneider Electric, Hubbell Incorporated, Fujitsu Global, Honeywell, Itron, Inc., Landis+Gyr, Belden Inc., Cisco, IBM, Oracle, and Wipro Limited.
Browse key industry insights spread across 250 pages with 256 market data tables & 29 figures & charts from this 2018 report, Smart Grid Market in detail along with the table of contents:
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release What’s driving the Smart Grid Market Growth? | Top Key Players are Hubbell Incorporated, Schneider Electric, Siemens, GE, ABB, Wipro Limited, Oracle, IBM here
News-ID: 1798765 • Views: 209
More Releases from Global Market Insights, Inc.
Top 3 trends impacting dill seed oil market outlook
Dill seed oil market will witness significant expansion in the coming years with a robust demand to offer anti-aging and medicinal formulations across the personal care and pharmaceutical sectors. The oil is excessively used in perfumery applications to aromatize detergents, soaps, lotions, and creams as well as in personal care products to accelerate elastin synthesis to heal wounds and prevent skin aging. Leading dill seed oil suppliers are keen on developing
Top 3 trends expanding body worn insect repellent market size through 2024
Body worn insect repellent market is likely to gain substantial revenue gains on account of growing prevalence of arthropod borne diseases. With increasing growth in outdoor recreational activities, the chances of contracting these diseases have risen at a considerable rate. Consumers are slowly becoming aware of these diseases and are taking proactive steps to prevent it. Surging number of health awareness initiatives and development programs could enhance the adoption of
Acetic Acid Market to see 6% CAGR till 2024 | Top Companies are British Petroleu …
The growing health consciousness among consumers influenced the acetic acid market. Acetic acid is an important raw material in the manufacturing of numerous downstream chemicals. Vinegar is one such chemical that is commonly used at home for cooking and in the food industry as an ingredient. With widespread use in the food processing industry, acetic acid is likely to witness a notable demand in the future. Over the past
Sodium silicate market in Europe to see robust growth till 2024 | PQ Corporation …
Sodium silicate market report delivers a comprehensive analysis of all industry segments including form type, application, region as well as competitive landscape. The report delivers insights on the industry landscape based upon several important parameters, including distinguished growth drivers, market segmentation, industrial landscape, industry outlook outlined through global trends and regional drivers that fuel the commercialization graph of the market landscape. Europe sodium silicate market share is likely to surge over
More Releases for Smart
Heidelberg, May 28, 2019 – The dental group Young Innovations presents new products that increase efficiency and safety in the practice: The high-quality Galaxie Cassettes simplify the cleaning, sterilization and classification of hand instruments. A stable case made of electropolished stainless steel protects the equipment, the unique design reduces the contact points. A laser-cut pattern maximizes water through flow and increases efficiency in the RDG / thermal disinfector. Smooth rounded corners
A smart mirror is an ordinary mirror with additional features and functionalities, incorporating capabilities that are otherwise done manually or in some computing system other than the mirror. For instance, a mirror that can connect to a smartphone or the internet and offer some measure of user comfort. The computing features in smart mirrors enable them to connect to the Internet and smartphones, categorizing them as connected devices. Connected devices
Powered Smart Cards
In terms of consumption, the global powered smart card market stood at 2,049.1 Mn units in 2015 and is expected to register a volume CAGR of 59.2% to reach 5,640.6 Mn units by 2024 end. In a new report titled “Powered Smart Card Market: Global Industry Analysis & Forecast, 2016–2024”, Persistence Market Research studies the performance of the global powered smart card market over an eight-year forecast period (2016 –
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency
By 2050, the world's population is expected to reach nine billion, with over two thirds of people living in cities. On Tuesday, December 9, ICT and sustainability experts will convene at the German Center for Research and Innovation (GCRI) in New York to discuss future solutions for urban systems. NEW YORK (December 3, 2014) – Urbanization, globalization, demographic and climate change are continually placing higher demands on our cities. How will