Press release
Enabling Technologies for the Smart Grid Market : A Study of the Current Status and Future Prospects
The Enabling Technologies for the Smart Grid Market size was valued at USD 3.76 Billion in 2023 and the total Enabling Technologies for the Smart Grid revenue is expected to grow at a CAGR of 19% from 2024 to 2030, reaching nearly USD 12.73 Billion.Enabling technologies of the smart grid market, transforming traditional power networks into intelligent, adaptive, and highly efficient systems. Advanced sensors, smart meters, and IoT-enabled devices allow utilities to monitor grid performance in real time, detect faults instantly, and optimize power flow across generation, transmission, and distribution layers. These technologies support two-way communication between utilities and consumers, enabling demand response, energy efficiency programs, and smoother integration of renewable energy sources like solar and wind into the grid.
Equally important are software-driven technologies such as advanced metering infrastructure (AMI), grid analytics, artificial intelligence, and cybersecurity solutions. AI and data analytics help predict equipment failures, balance loads, and improve outage management, while robust cybersecurity frameworks protect critical infrastructure from digital threats. Combined with cloud computing and edge technologies, these enablers are accelerating the shift toward decentralized, resilient, and consumer-centric power systems, making smart grids a key pillar of future energy transition strategies.
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Enabling Technologies for the Smart Grid industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Enabling Technologies for the Smart Grid market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
Alvarion Inc. 2. Ambient Corp 3. America Superconductor Corp 4. Comverge Inc 5. 3M Company 6. Infrax Systems, Inc. 7. Itron INC 8. Osisoft LLC 9. S&C Electric Company
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report's insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Enabling Technologies for the Smart Grid market.
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It has segmented the global Enabling Technologies for the Smart Grid market
by Application
Generation
Transmission
Distribution
Consumption
by Communication Technology
Wireline
Wireless
Key Points Covered in the Report:
A thorough analysis of value and volume at the worldwide, sector, and regional levels is included in the global Enabling Technologies for the Smart Grid ' market report.
The study offers a full business size Enabling Technologies for the Smart Grid ' from a global point of view through a review of past facts and possible scenarios.
Geographically, the Enabling Technologies for the Smart Grid of market analysis includes the number of regions and their contrast of revenue.
The market analysis focuses on ex-factory costs, output volume, market share & sales for every manufacturer on a company level basis.
Key Reasons to Purchase this Report:
A comprehensive study of market size, share and dynamics is a global Enabling Technologies for the Smart Grid 'market research report and a thorough survey of developments in the field.
It offers an in-depth overview of revenue growth and an analysis of the total business benefits.
In addition to the strategic landscape for commodity pricing and marketing, the Enabling Technologies for the Smart Grid ' industry research also provides key players.
This is a new post covering the latest impact on the target market. The research report addresses the rapidly evolving market climate as well as the initial and future impact assessment.
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