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Governmental Favors to supplement the Global Smart Grid Market

06-07-2021 02:47 PM CET | Energy & Environment

Press release from: Inkwood Research

Smart Grid Market

Smart Grid Market

According to a new market research report launched by Inkwood Research, the Global Smart Grid Market is evolving at a CAGR of 9.83% over the forecast period and is expected to propel about $171200 million by 2028.

Browse 41 market data Tables and 48 Figures spread over 164 Pages, along with in-depth analysis on Global Smart Grid Market by Component, End-User, Application & by Geography.

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.

Global Smart Grid Market Scenario
Smart grid is a technological boom to the power grid that integrates renewable energy to the traditional sources of energy for power generation, improves power utilization & management, efficient monitoring of services, and better consumer experience. Several established companies are focusing on innovating solutions to the utilities for modernizing the grid in order to meet the government norms for saving energy.

The global smart grid market is witnessing growth among several countries across the globe due to the aim of lowering carbon emissions to minimize environmental degradation. Also, rapid digitization of electricity infrastructure, stability in installation costs, and shifting trend towards renewable energy are other factors contributing to the market. However, challenges like standardization & interoperability and security concerns are aspects majorly affecting the overall market growth.

The Global Smart Grid Market report provides data tables and includes charts and graphs for visual analysis.

Request Free Sample Report for Global Smart Grid Market by Component, End-User, Application & by Geography: https://www.inkwoodresearch.com/reports/smart-grid-market#request-free-sample

Market Segmentation
Market by Component
• Solution
o Smart Grid Distribution Management
o Smart Grid Communication
o Substation Automation
o Advanced Metering Infrastructure
o Smart Grid Security
o Smart Grid Network Management
o Other Solutions
• Services
Market by Application
• Distribution
• Transmission
• Generation
• Consumption/End-Use
Market by End-User
• Residential End-User
• Industrial End-User
• Commercial End-User

Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2028, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2028

Companies Profiled
• WIPRO LIMITED
• SIEMENS AG
• SCHNEIDER ELECTRIC SE
• AMDOCS CORPORATION
• INTERNATIONAL BUSINESS MACHINES CORPORATION
• CISCO SYSTEMS INC
• GENERAL ELECTRIC COMPANY
• ITRON INC
• ABB LTD
• AUTOGRID SYSTEMS INC
• SENSUS INC
• ORACLE CORPORATION
• HONEYWELL INTERNATIONAL
• LANDIS & GYR GROUP AG
• TANTALUS SYSTEM CORP

Inkwood Research
169, Harrison Avenue
Boston, MA 02111
Tel: 1-(857)293-0150
Email: sales@inkwoodresearch.com
Website: www.inkwoodresearch.com

We provide you with consulting services and customized research reports, which help you make the best business decisions. We help clients make informed, calculated moves by offering them relevant and fact-based research, spanning a range of industries.

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