Press release
Smart Grid Home Area Network Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2031 | Cisco Systems Inc., GE Energy, Honeywell Internation Inc.
Electrical energy generation, which relies on fossil fuels, is the leading source of carbon dioxide emissions, followed by transportation, and is thus a substantial contribution to climate change. Electric systems have to be efficient and effective enough to preserve and decrease power consumption to meet the rising demand for electricity while also reducing environmental impact. Smart grid technologies provide a holistic approach to addressing the aforementioned issues. Demand response capabilities, as well as the ability to connect smart grid systems, are available to balance electricity use with supply.
Customer privacy and security is another aspect that might hamper the market's expansion. Furthermore, rising energy prices and the development of more advanced conservation solutions are expected to boost the global smart grid home area network market. Additionally, the global smart grid home area network market is expected to grow due to increasing supply-side deployment of smart grid solutions, government initiatives towards energy management and smart cities, increasing wireless network connection speeds, and growing demand for cloud-based solutions will drive the growth of the global smart grid home area network market.
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Market Coverage
The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
By Product Type
By Solution Type
By Application
Competitive Landscape- Cisco Systems Inc., GE Energy, Honeywell Internation Inc., Silver Spring Networks, Tendril Networks.
Smart Grid HAN Market by Segments
By Type
Zigbee
Home Plug
Wireless
M-Bus
Others
By Application
Apartments
Villas
Others
By Solution
Hardware
Software
Services
A full Report of Smart Grid Home Area Network Market is Available at: https://www.omrglobal.com/industry-reports/smart-grid-home-area-network-market
Smart Grid HAN Market by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
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Media Contact:
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Contact Person: Mr. Anurag Tiwari
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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