Press release
Smart Grid Networking Market 2020 Global Leaders: Huawei Technologies, ABB Group, Cisco Systems, Mitsubishi Electric, Siemens AG, Trilliant Holdings, Schneider Electric SE
Market Scenario
The global smart grid networking market was analyzed by Market Research Future (MRFR) and it was projected that a healthy CAGR of 10% will be attained by the market over the forecast period of 2017 to 2023. The valuation of the Smart Grid Networking Market was further stated to surpass its previous figure to reach USD 17 Billion by 2023. The global market is expected to gain considerable growth due to the rising demand for energy management systems and growing adoption of smart grid deployments. Furthermore, the adoption of various smart grid networking solutions and services across different verticals is also expected to boost the global market.
Key Players
Some of the prominent players in the global smart grid networking market are ABB Group (Switzerland), Cisco Systems, Inc. (U.S.), Mitsubishi Electric (Japan), Fujitsu (Japan), General Electric Company (U.S.), Huawei Technologies Co. Ltd. (China), Itron (U.S.), Schneider Electric SE (France), Siemens AG (Germany) and Trilliant Holdings, Inc. (U.S.) among others.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/5443
Global Smart Grid Networking Market: Segmental Analysis
The global smart grid networking market has been segmented in terms of hardware, service, and software.
• By hardware, the market is broken down into switches, routers, cables, controllers, smart meter communication modules, and others.
• By software, the market segments into network traffic management, IP address management, network device management, network performance monitoring management, network security management, network traffic management, network configuration management, and others. The network performance monitoring management segment is expected to lead the global market during the forecast period by gaining the maximum share. The growth of the segment is due to the growing demand identified for real-time monitoring of energy management and power consumption.
• By service, the market narrows down into network risk and security assessment, consulting, network maintenance & support, network planning, design and integration, and others.
Regional Insights
The global smart grid networking market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
North America leads the global smart grid networking market with the maximum share percentage. The region holds the largest share at present and is expected to strengthen its positioning over the forecast period. Countries like the US and Canada are anticipated to drive the maximum growth and revenue to the region over the forecast period. This is due to the presence of a large pool of established players like Itron and Trilliant Holdings, Inc., General Electric Company, and others in this region. Owing to the sustainable and well-developed economies herein, the market is experiencing notable growth.
Asia Pacific, on the other hand, is projected to gain fast-paced growth during the forecast period. So much so that the regional market is expected to attain the highest CAGR among all the mentioned regions. This is due to the increasing integration of energy management systems and wireless mesh networks to offer real-time control power and data supply across different nations in the Asia Pacific region.
Get Complete Report @ https://www.marketresearchfuture.com/reports/smart-grid-networking-market-5443
Intended Audience
• Technology Investors
• Research/Consultancy firms
• Government Bodies
• Smart Grid Manufacturers
• Smart Grid Network Providers
• Information Technology (IT) developers
• Consulting service providers
• Technology Providers
• System integrators
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Smart Grid Networking Market 2020 Global Leaders: Huawei Technologies, ABB Group, Cisco Systems, Mitsubishi Electric, Siemens AG, Trilliant Holdings, Schneider Electric SE here
News-ID: 2210048 • Views: …
More Releases from Market Research Future
Parametric Insurance Market Forecast: Industry to Expand from USD 15.55 Billion …
The Parametric Insurance Market report provides comprehensive insights into market trends, competitive landscape, growth factors, and opportunities across global regions.
Parametric Insurance Market Overview:
The Parametric Insurance Market is experiencing significant growth as businesses, governments, and individuals increasingly adopt insurance solutions that provide pre-defined payouts based on the occurrence of specific events, such as natural disasters, weather conditions, or other measurable triggers. Parametric insurance offers faster claims settlement, reduced administrative costs, and…
Financial Advisory Services Market Forecast: Industry to Expand from USD 91.52 B …
The Financial Advisory Services Market report provides detailed insights into market trends, competitive landscape, growth factors, and opportunities across global regions.
Financial Advisory Services Market Overview:
The Financial Advisory Services Market is witnessing significant growth as individuals and corporations increasingly seek expert guidance for investment strategies, wealth management, risk mitigation, and financial planning. Financial advisory services help clients optimize returns, manage risk, and ensure compliance with evolving regulatory requirements. The Financial Advisory…
Accounting Services Market Size to Reach USD 1,355.61 Billion by 2035 Driven by …
The Accounting Services Market report provides detailed insights into market trends, competitive landscape, growth factors, and opportunities across global regions.
Accounting Services Market Overview:
The Accounting Services Market is witnessing steady growth as organizations increasingly rely on professional accounting firms for auditing, tax compliance, financial reporting, and advisory services. The growing complexity of financial regulations, globalization of business operations, and rising demand for risk management solutions drive the adoption of specialized accounting…
Insurance Third-Party Administration Market Forecast: Industry to Expand from US …
The Insurance Third-Party Administration Market report provides in-depth insights into market size, growth trends, competitive landscape, key drivers, opportunities, and regional developments across the global insurance ecosystem.
Insurance Third-Party Administration Market Overview:
The Insurance Third-Party Administration Market is witnessing robust growth as insurers increasingly outsource claims processing, policy administration, and risk management services to improve operational efficiency and reduce costs. Third-party administrators (TPAs) play a crucial role in handling claims settlement, employee…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
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…
