Press release
At A CAGR Of 14.91% Global Smart Energy Market To Grow In Terms Of Revenue During The Period 2016-2020
The smart energy market can be simply defined as the one that constitutes devices that have inbuilt artificial intelligence to carry out their daily activities without any human interference. The smart energy market comprises multiple technologies such as smart grids, smart homes, and smart solar and digital oil fields. Smart grids are systems that use digital communication technologies in electricity generation, transmission, and distribution, thereby automating the value chain. Smart grids comprise devices and technologies such as smart meters, grid optimization, distributed generation, and storage. Smart homes are equipped with modern technologies such as lighting and heating that can be controlled remotely by smartphones or remotes.
Technavios analysts forecast the global smart energy market to grow at a CAGR of 14.91% in terms of revenue during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global smart energy market for 2016-2020.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Smart Energy Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
GE Energy
Itron
Landis +Gyr
Sensus
Siemens
ABB
S&T
Market driver
Rising investments in smart grid technologies
For a full, detailed list, view our report
Market challenge
High cost of upgrading smart grids
For a full, detailed list, view our report
Market trend
High rate of deployment of smart grids
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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