Smart Grid Market Demand, Global Key Players, Application, Growth and Analysis - 2031
๐๐ฆ๐๐ซ๐ญ ๐๐ซ๐ข๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐ง๐ญ๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐งThe advent of smart grid technologies has emerged as the key solution to the operational challenges that utilities face in everyday life. The smart grid technology is just an advanced and a more expensive version of a conventional grid system. It is an electricity grid that uses two way technologies to deliver electricity and enable communication between utility and consumers. Communication networks and automation and sensing devices make the smart grid functional.
๐๐๐ญ ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ -https://www.transparencymarketresearch.com/smart-grid-market.html
The global smart grids market exhibits a substantially competitive vendor landscape. Although the market is still in its developing stages, the competition is expected to get fiercer during the forthcoming years, mainly due to the entry of new players in this field.
The smart grid market is expected to expand at a CAGR of 17.8% during the forecast period from 2021 to 2031. In this context, the smart grid market was valued at US$ 139.5 Bn in 2020 and is expected to reach US$ 845.6 Bn by 2031.
Rising Awareness about Benefits of Smart Grids Boosts Global Market
Conventional electricity grids installed in many countries across the globe are now aging and causing large-scale electrical blackouts. Thus, every nation has a growing need to reduce the cost of blackouts and power outages. A smart grid technology gives consumers and suppliers the liberty to manage and protect the distribution network, save energy, and reduce such extravagant costs. Even the governments in most of the countries are incurring massive losses due to conventional electrical grids, and hence, they are now focusing on investing in smart grid technologies.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=137
The benefits of smart grid include improved energy efficiency and reliability of existing electrical supply, integration of more renewable energy into existing network, new solutions for customers to optimize their electricity consumption, and reduction of carbon emissions.
The global smart grid market seems to be fairly fragmented with presence of many well-entrenched enterprises. This also highlights that the competitive landscape is highly intense. Aclara, Alstom, Comverge, eMeter, GridPoint Inc, Landis+Gyr, Schneider Electric, Schweitzer Engineering Laboratories, Sensus, Siemens, ABB Ltd, Itron, Opower, and General Electric are some of the key participants of the global smart grid market.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=137
Global Smart Grid Market: Segmentation
Smart Grid Market, by Technology
Advanced Metering Infrastructure
Distribution Automation
Software and Hardware
Communication Technologies
Transmission Upgrades
Cyber Security
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=137
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
Power Distribution Component Market - https://www.globenewswire.com/news-release/2022/09/29/2525512/0/en/Power-Distribution-Component-Market-to-Reach-US-15-3-Bn-by-2030-TMR-Study.html
Small Hydropower Market - https://www.prnewswire.com/news-releases/small-hydropower-market-to-expand-at-a-cagr-of-2-69-during-forecast-period-notes-tmr-study-301640681.html
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
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 Demand, Global Key Players, Application, Growth and Analysis - 2031 here
News-ID: 2834408 • Views: โฆ
More Releases from Transparency Market Research
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f โฆ
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and theโฆ
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And โฆ
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐
๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359
Key Players and Market Developments
Key playersโฆ
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud โฆ
The global ๐ญ๐ข๐ฌ๐ฌ๐ฎ๐ ๐๐๐ง๐ค๐ข๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period.
Moreover, the market is expectedโฆ
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global ๐ฏ๐๐ฌ๐๐ฎ๐ฅ๐๐ซ ๐๐ฅ๐จ๐ฌ๐ฎ๐ซ๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market.
Vascular closure devices is estimated to reach a value of ~US$ 1 Bnโฆ
More Releases for Grid
Microgrid Control System Market by Grid- Type (On-Grid and Off-grid), Component โฆ
Reportsnreports published a cost-effective market report that deliver top-notch insights into the Microgrid Control System market. The report also applies both primary and secondary research methodologies to identify new opportunities for development for the Microgrid Control System market during the estimated forecast period, The research further analyses data and screens data on the market growth rate, share and size to enable product owners, stakeholders and field marketing executives identify theโฆ
Solar Photovoltaic Panels Market by Technology (Thin Film, Crystalline Silicon) โฆ
Solar photovoltaics are electronic devices that convert sunlight directly into electricity. Solar cells are tightly packed behind a glass sheet to protect them from the environment. Photovoltaic cells are internally connected together to form a photovoltaic module. The number of cells that are interconnected are dependent on the type of application. The solar trackers are deployed efficiently on the solar panel to improve the efficiency of the solar cell. Theโฆ
Transmission and Distribution Market Infrastructure, Upcoming Projects, Investme โฆ
"Transmission and Distribution (T&D) Market - Infrastructure, Upcoming Projects, Investments, Key Operators, and Key Country Analysis to 2025", is the latest market analysis report from GlobalData, that offers comprehensive information and understanding of the T&D market. The report provides a clear overview of and detailed insight into the global T&D market. It provides data covering historic and forecast market size, length and capacity of T&D lines, globally, and in twelveโฆ
Smart Grid IT Systems Market: Global market by Software (Advance Metering Infras โฆ
The testament on the Global Smart Grid IT Systems Market is an in-depth section of work and is amassed by organizing both major as well as minor research. The data integrated in the report has been taken by mentioning superior-quality whitepapers, report descriptions, press releases, and by taking responses from top industry contestants.
For more Information:
https://www.absolutemarketsinsights.com/enquiry_before_buying.php?id=31
The Global Smart Grid IT Systems Market Research Report is a valuable source of insightfulโฆ
Solar Photovoltaic (PV) Installation Market: By Grid Type - Grid-Connected, Off- โฆ
Latest industry research report on: Solar Photovoltaic (PV) Installation Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
Download Sample copy of this Report at :http://www.marketresearchreports.biz/sample/sample/148657
Solar Photovoltaic (PV) systems are used to generate electricity through the photovoltaic effect. Solar radiation is trapped and converted to electricity via solar PV panels. The solar PV systems generate electricity with negligible carbon emissions thereby cutting the carbon level inโฆ
FOCUS: Smart Grid
Smart Grid technology has the capacity to increase energy efficiency by improving awareness among consumers about the connection between electricity use and the environment. On Nov. 21, leading experts from the U.S. and Germany will convene at the German Center for Research and Innovation (GCRI) to discuss the technologyโs past successes and future challenges.
NEW YORK (November 14, 2013) โ After sequential hurricanes in 2011 and 2012, New Yorkers experiencedโฆ