openPR Logo
Press release

Smart Grid Market progress rapidly due to increasing need for energy efficiency | Key Players Name: GE Energy, Siemens AG, IBM

08-04-2023 05:41 PM CET | Energy & Environment

Press release from: Global Insight Services

Smart Grid Market progress rapidly due to increasing need

New York, Global Smart Grid Market report from Global Insight Services is the single authoritative source of intelligence on Smart Grid Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Request free sample copy of this research study: https://www.globalinsightservices.com/request-sample/GIS20152/

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.

Read more about Smart Grid Market here: https://www.globalinsightservices.com/reports/smart-grid-market/

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
Website: https://www.globalinsightservices.com/

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 progress rapidly due to increasing need for energy efficiency | Key Players Name: GE Energy, Siemens AG, IBM here

News-ID: 3155879 • Views:

More Releases from Global Insight Services

Licorice Root Market to rise from $2.3 Bn (2024) to $4.5 Bn (2034) at 6.9% CAGR | Key Players: Norevo, Mafco Worldwide LLC, F&C Licorice Ltd
Licorice Root Market to rise from $2.3 Bn (2024) to $4.5 Bn (2034) at 6.9% CAGR …
Licorice Root Market Overview Licorice Root Market is gaining significant momentum worldwide, driven by the rising preference for natural, herbal, and sustainable ingredients across diverse industries. Licorice root, derived from the Glycyrrhiza glabra plant, is widely recognized for its therapeutic, flavoring, and antioxidant properties. It plays a vital role in pharmaceuticals, cosmetics, and food products. The Licorice Root Market is anticipated to expand from $2.3 billion in 2024 to $4.5 billion
IoT Security Market to grow from $22.4 Bn (2024) to $73.5 Bn (2034) at 12.6% CAGR | Key Players: Palo Alto Networks, Fortinet, Trend Micro
IoT Security Market to grow from $22.4 Bn (2024) to $73.5 Bn (2034) at 12.6% CAG …
Market Overview IoT Security Market is rapidly emerging as a crucial pillar of modern digital ecosystems, ensuring protection across connected devices and networks. With the exponential growth of Internet of Things (IoT) adoption, the risk of cyber threats has significantly increased, demanding advanced security frameworks. The IoT Security Market focuses on safeguarding data integrity, ensuring secure communication, and protecting connected systems across industries such as healthcare, automotive, smart homes, and manufacturing.
Supply Chain Security Market Expected to Grow from $4.8 Billion in 2024 to $12.3 Billion by 2034 at 9.9% CAGR | Overall Study Report
Supply Chain Security Market Expected to Grow from $4.8 Billion in 2024 to $12.3 …
The Supply Chain Security Market has become a cornerstone of global commerce as organizations increasingly recognize the need to safeguard their supply chains from disruptions, cyber threats, and operational vulnerabilities. This market encompasses an array of solutions, technologies, and services designed to protect the integrity and resilience of supply networks. From risk management and compliance tools to cargo tracking and cybersecurity solutions, the Supply Chain Security Market ensures that businesses
Vertical Turbine Pumps Market Expected to Grow from $2.9 Billion in 2024 to $5.4 Billion by 2034 at 6.4% CAGR | Overall Study Report
Vertical Turbine Pumps Market Expected to Grow from $2.9 Billion in 2024 to $5.4 …
The Vertical Turbine Pumps Market is a crucial segment of the global fluid management industry, primarily focusing on pumps designed to lift water from deep wells or reservoirs. These pumps, distinguished by their vertical configuration, ensure efficient water distribution across agricultural, municipal, and industrial applications. With growing global water demand, technological advancements, and an emphasis on sustainable water management, the market is witnessing robust expansion. Rising infrastructure development and urbanization

All 5 Releases


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