Press release
Smart Grid Market 2019 | Global Industry Overview, Sales Revenue, Demand and Forecast by 2024
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Global Smart Grid Market Trends
Due to rapid urbanization, growing population and the boosting overall sales of consumer electronics, there is a rise in the demand for energy across the globe. This represents one of the key factors propelling the global smart grid market growth. Moreover, these grids add resilience to the electric power system and are used as a backup during emergencies, such as earthquakes and storms. This, in turn, is catalyzing the demand for smart grids worldwide. Besides this, governments of several countries are investing in the development of smart cities and the upgradation of existing grid infrastructure, which is anticipated to create a positive outlook for the market.
For more information about this report: https://www.imarcgroup.com/smart-grid-market
Market Segmentation
Market Breakup by Component
Software
Advanced Metering Infrastructure
Smart Grid Distribution Management
Smart Grid Network Management
Substation Automation
Others
Hardware
Sensor
Programmable Logic Controller
AMI Metre
Networking Hardware
Others
Services
Sensor
Programmable Logic Controller
AMI Metre
Market Breakup by End-User
Residential
Commercial
Industrial
Market Breakup by Region
Asia Pacific
Europe
North America
Middle East and Africa
Latin America
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Some of the major players operating in the industry include Cisco Systems, Inc. (NASDAQ: CSCO), IBM Common Stock (NYSE: IBM), Siemens AG (OTCMKTS: SIEGY), SCHNEIDER ELEC /ADR (OTCMKTS: SBGSY), Wipro Limited (NYSE: WIT), General Electric Company (NYSE: GE), Honeywell, Oracle Corporation, ABB, Itron, Fujitsu, Eaton, Tantalus, eSmart Systems, etc.
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