Press release
Smart Grid Market is projected to expand at a steady CAGR over the forecast by 2031 | Key Players Name: GE Energy, Siemens AG, IBM
Read more about Smart Grid Market here: https://www.globalinsightservices.com/reports/smart-grid-market/
A smart grid is a digital and interactive electricity network that is used to deliver electricity from suppliers to consumers. It is a system that enables two-way communication between the utility and the consumer, and allows for the monitoring and control of electricity usage in real-time.
A smart grid is designed to be more efficient than a traditional grid, and to allow for the integration of renewable energy sources such as solar and wind power. It also enables the use of smart meters, which can provide consumers with information about their electricity usage, and allow them to manage their consumption.
Request free sample copy of this research study: https://www.globalinsightservices.com/request-sample/GIS20152/
Key Trends
There are a few key trends that are shaping the development of smart grid technology. One is the increasing penetration of renewable energy sources, such as solar and wind, onto the grid. This is causing a need for more flexible and resilient grid infrastructure that can accommodate the variability of these renewable resources. Another trend is the rise of electric vehicles, which are starting to place additional demands on the grid for charging. And finally, the increasing use of data and analytics is helping utilities to better understand and manage the grid.
Key Drivers
The key drivers of the smart grid market are:
Increasing need for energy efficiency: The smart grid enables two-way communication between utilities and customers. This helps utilities to provide energy-efficient services to customers and also helps customers to save on their energy bills.
Reduction in greenhouse gas emissions: Smart grid technologies help in reducing greenhouse gas emissions by decreasing the overall demand for electricity.
Improvement in grid reliability: Smart grid technologies help in improving the reliability of the electrical grid by providing real-time information about the grid conditions. This helps utilities to take preventive measures to avoid blackouts and other grid failures.
Get Customized Report as Per Your Requirement: https://www.globalinsightservices.com/request-customization/GIS20152/
Market Segments
By Component
-Solutions
-Services
By Solution
-Advance Metering Infrastructure
-Smart Grid Distribution Management
-Smart Grid Communication
-Smart Grid Network Management
-Substation Automation
-Smart Grid Security
-Others
By Application
-Generation
-Transmission
-Distribution
-Consumption/End Use
By End User
-Residential
-Commercial
-Industrial
Key Players
-GE Energy
-Siemens AG
-IBM
-Oracle
-Landis+Gyr
-Itron
-Aclara Technologies
-Schneider Electric
-Echelon Corporation
Purchase your copy now: https://www.globalinsightservices.com/checkout/single_user/GIS20152/
With Global Insight Services, you receive:
- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Excel data pack included with all report purchases
- Robust and transparent research methodology
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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 Market is projected to expand at a steady CAGR over the forecast by 2031 | Key Players Name: GE Energy, Siemens AG, IBM here
News-ID: 2632888 • Views: …
More Releases from Global Insight Services
Public Key Infrastructure (PKI) Market to Reach $12.6 Billion by 2034 With 9.9% …
The Public Key Infrastructure (PKI) Market plays a critical role in the global cybersecurity landscape, enabling organizations to secure electronic communications and digital transactions. By providing a framework for encryption, authentication, and digital certificates, PKI ensures trust, confidentiality, and data integrity across industries. From banking and government services to healthcare and manufacturing, PKI has become essential in a world increasingly reliant on digital technologies. As enterprises accelerate digital transformation, the…
Fish Sauce Market Grows From $2.2 Billion in 2024 Amid Rising Demand for Authent …
The Fish Sauce Market has long been an integral part of Asian culinary traditions, particularly in countries such as Vietnam and Thailand. Made from fermented fish and salt, this flavorful condiment has been a staple for centuries, adding depth and umami to countless dishes. Today, the Fish Sauce Market is expanding far beyond its roots, finding its way into kitchens across North America, Europe, and beyond. With the rising global…
Breath Analyzer Market Is Anticipated To Expand From $4.1 Billion In 2024 To $9. …
Market Overview
The Breath Analyzer Market is gaining remarkable traction worldwide as demand for alcohol detection and health monitoring tools continues to rise. These devices, designed to measure blood alcohol content (BAC) through breath samples, have become indispensable in law enforcement, healthcare, and workplace safety. The market is projected to expand from $4.1 billion in 2024 to $9.8 billion by 2034, growing at a CAGR of 9.1%. This growth is fueled…
Web Hosting Services Market Is Anticipated To Expand From $83.99 Billion In 2024 …
Market Overview
The Web Hosting Services Market is evolving rapidly as businesses and individuals continue to strengthen their online presence. Hosting services act as the backbone of the digital economy, providing the infrastructure that powers websites, e-commerce platforms, and digital applications. The industry covers a wide range of offerings, including shared hosting, dedicated hosting, virtual private servers (VPS), and cloud hosting. Each solution caters to different customer needs, from small businesses…
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…
