Press release
Smart Grid Technology Market Size, Major Strategies, Key Companies, Revenue Share Analysis 2023-2032
Smart Grid Technology Market
The Business Research Company's latest "Global Smart Grid Technology Opportunities And Strategies Market Report - Forecast To 2032" is the most comprehensive report available in market that will help gain a truly global perspective with data and statistics from over 60 geographies analyzed with more than 7500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth and highlights important trends and strategies that can be adopted to beat the competition in the industry
Download FREE SAMPLE Report - https://www.thebusinessresearchcompany.com/sample_request?id=12801&type=smp
The global smart grid technology market reached a value of nearly $39,377.2 million in 2022, having grown at a compound annual growth rate (CAGR) of 14.3% since 2017. The market is expected to grow from $39,377.2 million in 2022 to $91,957.9 million in 2027 at a rate of 18.5%. The market is then expected to grow at a CAGR of 19.0% from 2027 and reach $219,452.1 million in 2032.
Smart grid technologies are technologies and communication networks that are used to improve electricity generation, transmission, and distribution, while also providing customers with real-time control. Smart grid is a modernized and technologically enhanced electrical power grid that includes numerous digital communication, monitoring, control and automation capabilities. The traditional power grid, which relies on one-way electrical flow from power plants to consumers, confronts severe efficiency, reliability, and sustainability concerns. Smart grid technology strives to overcome these difficulties by merging information technology, sensors, and intelligent devices, to improve power generation, transmission, distribution, and consumption.
Advanced metering infrastructure is a key trend gaining popularity in the smart grid technology market. Companies operating in the smart grid technology market are focusing on adopting smart meters and advanced metering infrastructure, enabling real-time data collection, improved demand response and more accurate billing. For example, in March 2021, Itron, Inc., a US-based technology company, introduced the eHZ-B Smart Meter, targeted at utilities and cities in Germany. This new addition to Itron's 3. HZ FNN-compliant portfolio offers advanced features to support Germany's energy transition towards a sustainable, low-carbon and cost-effective energy supply. The eHZ-B smart meter enables utilities and cities to smoothly transition to a smart and interconnected distribution network, enhancing efficiency and reliability in energy management.
Smart Grid Technology Market Segmentation:
By Component: Hardware, Software, Services
By Network Operation: Outage Management Systems, Demand Management Systems, Geographical Management Systems, Energy Management Systems
By Technology: Wired, Wireless
By Application: Generation, Transmission, Distribution, Consumption
Some of the key players involved in the Smart Grid Technology market are Siemens AG, Hitachi, Ltd., Schneider Electric SE, Oracle Corporation, General Electric Company (GE)
The regions covered in the global Smart Grid Technology market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Browse Complete Report @
https://www.thebusinessresearchcompany.com/report/smart-grid-technology-market
A Few Points From The Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……
19. Competitive Landscape And Company Profiles
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Smart Grid Technology Market, Conclusions And Recommendations
23. Appendix
Place a DIRECT PURCHASE ORDER of the report @
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12801
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
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 Technology Market Size, Major Strategies, Key Companies, Revenue Share Analysis 2023-2032 here
News-ID: 3328433 • Views: …
More Releases from The Business research company
Unlocking Opportunities in the Community Banking Market: 2025-2034 Forecast Repo …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Community Banking Industry Market Size Be by 2025?
In recent times, the community banking sector has witnessed robust growth. The market size, which is projected to be $17.79 billion in 2024, is predicted to climb to $19.39 billion in 2025 with a compound annual growth rate…
2025 Commercial Property Management Market Outlook: Key Indicators Shaping Growt …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Commercial Property Management Industry Market Size Be by 2025?
In recent times, the market size of commercial property management has witnessed substantial expansion. It is projected to escalate from $385.63 billion in 2024 to an impressive $413.80 billion in 2025, accumulating a compound annual growth rate…
Top Trends Transforming the Commercial Grounds Maintenance Market Landscape in 2 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Commercial Grounds Maintenance Industry Market Size Be by 2025?
The size of the commercial grounds maintenance market has seen a robust growth in the past few years. The market, which was valued at $36.88 billion in 2024, is expected to climb to $39.20 billion in 2025,…
Coatings And Application Technologies For Robotics: Core Growth Enabler in the G …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Coatings And Application Technologies For Robotics Industry Market Size Be by 2025?
In recent times, the market size for coatings and application technologies for robotics has seen a swift expansion. The market anticipates expanding from $20.47 billion in 2024 to $22.71 billion in 2025, with a…
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…
