Press release
Industrial Smart Grid Market Forecast to 2027 - Covid-19 Impact and Global Analysis - By Product Type, End-Users, Application, In-Depth Analysis
The Industrial Smart Grid Market report's goal is to give readers a comprehensive overview of the insulating market from 2022 to 2027. It contains historical and prospective perspectives on the following parameters: revenue, demand, and supply statistics, as well as an overview of the industry and a study of market growth (if applicable). To give advanced explanations of the properties of the insulating Industrial Smart Grid Market, use proprietary tools and other successful representative tools (such as Porter's Five Forces Analysis, SWOT, PESTEL, Ansoff Matrix, etc.). Estimates, predictions, and trend analyses for each region also include countries and regionsThe Industrial Smart Grid Market is expected to register a CAGR of 19.4% over the forecast period 2022 – 2027.
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The study covers competitive landscape of top manufacturers are: ABB, Siemens, Cisco, Belden, Deutsche Telekom, Microchip Technology Inc., Itron, Fujitsu, GE, Huawei, Schneider Electric, Landis+GYR, Aclara Technologies, Open Systems International, International Business Machines Corporation, Wipro Limited, Oracle Corporation
Recent Developments:
In September 2020, Siemens Energy, a subsidiary of Siemens, launched its new Unified Power Flow Controller (UPFC) PLUS and expanded the options for grid stabilization. The UPFC PLUS helps system operators stabilize the grid by dynamically controlling the load flow in alternating-current grids.
in July 2018, GE Power’s Grid Solutions business launched a new Advanced Distribution Management Solution (ADMS) in collaboration with Tata Power Delhi Distribution (Tata Power - DDL), specially designed for India, with advanced features such as monitoring, security, analysis, and planning.
In May 2018, Itron entered a contract with Jamaica Public Service Company (JPS), an integrated electric utility company and the sole distributor of electricity in Jamaica, to provide Itron’s smart grid solution for Jamaica.
Market Overview:
The wireline communication technology segment accounted for the largest share of the smart grid market, by communication technology, in 2020. Wireline communication technology is driving the market as it is comparatively cost efficient and this type of transmission is less prone to third-party intrusions and interruptions. It mainly includes fiber optic, Ethernet, and powerline carriers. Fiber optic and Ethernet are the most preferred media for networking in distribution automation. Fiber optic offers higher bandwidth support and speed, which helps provide high performance, reliability, and improved coverage. Moreover, fiber optic communication technology is widely used in substations as it can operate at high voltages. Currently, commercial optical fiber transmission systems offer bit rates of up to 10 Gbps, using single wavelength transmission and approximately 40 to 1,600 Gbps using wavelength division multiplexing (WDM).
Global Industrial Smart Grid Market Segmentation:
Segmentation By Type:
Software
Hardware
Service
Segmentation By Application:
Automotive
Oil & Gas
Mining
Manufacturing Industry
Building Automation
Other Application
Report Link:
https://www.marketintelligencedata.com/reports/631854/global-industrial-smart-grid-market-size-status-and-forecast-2021-2027?Mode=KS
Regional Analysis:
North America is expected to account for the largest market size during the forecast period.
North America includes countries such as the US, Canada, and Mexico. The US and Canada, which contribute heavily to the growth of the regional market. The region is estimated to account for the largest share of the global smart grid market, and a similar trend is expected to continue until 2023. One of the key reasons for the large market size is the early adoption of smart grid projects. The strong financial position of the US and Canada enables them to invest heavily in smart infrastructure platforms of the smart grid market.
North America, Europe, China, Japan, Southeast Asia, and India are just a few examples.
North America is located in North America (United States, Canada, and Mexico).
Europe is a continent that has a (Germany, France, United Kingdom, Russia and Italy).
Asia and the Pacific (China, Japan, South Korea, India and Southeast Asia).
Highlights of Industrial Smart Grid Market report:
Detailed analysis of the Industrial Smart Grid Market
Changing industry market dynamics
In-depth market segmentation by type, application, and other factors
Market size, both in terms of size and value, in the past, present, and future.
Current trends and advancements in the industry
Industrial Smart Grid Market Competitive Landscape
Important players and product offerings
High-potential and specialist sectors/regions that are expected to flourish.
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https://www.marketintelligencedata.com/report/purchase/631854?mode=su?Mode=KS
Industrial Smart Grid Market Table of Contents
– Chapter 1: Industrial Smart Grid Market Overview
– Chapter 2: Regional Market Situation and Forecasts
– Chapter 3: Global Market Trends and Forecasts by Product Type
– Chapter 4: Downstream Industry Market Status and Forecast
– Chapter 5: Analysis of Market Driving Factors
– Chapter 6: Major Manufacturers' Market Competition Situation
– Chapter 7: Introduction to Major Manufacturers and Market Data
– Chapter 8: Market Analysis Upstream and Downstream
– Chapter 9: Cost and Gross Margin Analysis
– Chapter 10: Marketing Status Analysis
– Chapter 11: Conclusion of the Market Report
– Chapter 12: Research Methodology and References
Customization:
The Global Industrial Smart Grid Market research may be customized to match your unique company requirements. We offer free 20% customization for any of our Market Intelligence Data reports to all of our clients since we understand what they want.
About Us:
Market intelligence data is a global leader in the research business, providing customers with contextual and data-driven research. The company assists customers in developing business plans and achieving long-term success in their particular markets. Consulting services, Market Intelligence Data research studies, and bespoke research reports are all offered by the industry.
Contact Us:
Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
Phone: +1 (704) 266-3234
Mail to: sales@marketintelligencedata.com
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