Press release
Global Smart Grid Market 2024- A USD 70 Billion Revenue Opportunity
Smart Grid Market
Smart grids incorporate technologies that enable two-way communication between the customers and the utility service provider. Moreover, these grids also incorporate sensing capabilities along the power transmission lines.
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Communication & wireless infrastructure smart grid market is predicted to expand over 20% by 2024. The ability of wireless based IoT equipped sensors to enhance grid monitoring capabilities will significantly encourage their adoption across power utilities. Growing implementation of advanced communication technologies to provide real time monitoring with customer load control will positively influence the industry scenario
Growing investments in smart grid pilot projects and related R&D activities will fuel the growth of deployment & integration smart grid market Integration with existing systems to ensure interoperability along with digitally enabled services have further instigated an appreciable business scenario
Asia Pacific smart grid market is set to grow over 12 % by 2024. High T&D losses, rising electricity thefts, ageing grid infrastructure will entail significant deployment of smart grid across diverse utilities. Stringent regulatory requirements aimed at reducing carbon emissions and energy consumption will further boost the product demand.
Europe smart grid market growth is projected to stand out prominently from a regional frame of reference over the forecast timeframe. The region’s prominence is being attributed to a substantial growth in investment towards the rollout of smart meters.
Browse key industry insights spread across 238 pages with 284 market data tables & 32 figures & charts from the report, “Machine Translation Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/smart-grid-market
Growing investments toward grid digitalization through the implementation of advanced communication technologies will foster the smart grid market growth. Growing focus toward renewable grid integration coupled with intensifying need to upgrade ageing electricity infrastructure will further facilitate the large-scale deployment of these grids.
Eminent players in smart grid market include ABB, Hubbell, Schneider Electric, Fujitsu General, Belden, General Electric, Honeywell Elster, Landis+Gyr, Oracle Itron, Siemens, Cisco, Wipro and IBM.
Some Points From Table Of Content: -
Chapter 4. Smart Grid Market, By Technology
4.1. Smart grid industry share by technology, 2017 & 2024
4.2. Smart T&D equipment
4.2.1. Global market from technology, 2013 – 2024
4.2.2. Global market from technology, by region, 2013 – 2024
4.3. Distribution & network automation
4.3.1. Global market from distribution & network automation, 2013 – 2024
4.3.2. Global market from distribution & network automation, by region,2013 – 2024
4.4. Advanced Metering Infrastructure
4.4.1. Global market from advanced metering infrastructure, 2013 – 2024
4.4.2. Global market from advanced metering infrastructure, by region,2013 – 2024
4.5. Consumer Interface
4.5.1. Global market from consumer interface, 2013 – 2024
4.5.2. Global market from consumer interface, by region 2013 – 2024
4.6. Communication & Wireless Infrastructure
4.6.1. Global market from communication& wireless infrastructure, 2013 – 2024
4.6.2. Global market from communication& wireless infrastructure, by region, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/smart-grid-market
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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.
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Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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.
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