Press release
Smart Grid Market 2020: Size, Industry Trends, Growth and Outlook till 2025 - IMARC Group
Smart Grid Market Trends:
The emerging trend of digitalization in the energy sector, along with the growing number of high-end infrastructures across the globe, is primarily augmenting the market growth. Furthermore, the rising upgradation of existing power infrastructures with software-based, smart solutions is also propelling the demand for smart grid. Additionally, the increasing penetration of numerous renewable energy sources, such as geothermal, photovoltaic (PV), hydroelectric power, etc., is further augmenting the demand for advanced grid infrastructures.
Moreover, the rising environmental concerns towards increasing levels of carbon emissions from conventional power grids, are also catalyzing the need for sustainable alternatives. In the coming years, the emergence of smart grid infrastructures integrated with cloud-based, AI, and sensor technologies, will continue to bolster the market growth.
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Smart Grid 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
Market Breakup by End-User
Residential
Commercial
Industrial
Market Breakup by Region
Asia Pacific
Europe
North America
Middle East and Africa
Latin America
For more information about this report: https://www.imarcgroup.com/smart-grid-market
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.
Browse related reports:
Global Smart Cities Market Report: http://digitaljournal.com/pr/4709991
Global Smart Water Meter Market Report: https://www.marketwatch.com/press-release/smart-water-meter-market-2020-industry-trends-growth-share-size-covid-19-impact-analysis-and-forecast-till-2025-imarc-group-2020-08-22
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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