Enabling Technologies For The Smart Grid Market size and forecast, 2016-2024

The growing need for reducing the cost of blackouts by various nations across the globe is driving the market for smart grids.  The conventional electrical grids installed in many countries are now aging and this is causing massive electrical blackouts. Governments of many countries are incurring huge losses in order to maintain the conventional electrical grids, owing to which they are now focusing on smart grid technologies. 

Request Sample Copy of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=814
The global market for enabling technologies for smart grids is expected to experience steady growth of approximately 7% from 2012 to 2018. Distributed energy generation and storage is the biggest section accounting for approximately 76% of the total market. The sensing, measurement, and control segment, although having a small market share globally, is expected to be the fastest growing segment with a CAGR of over 85% from 2012 to 2018. 

The market is primarily driven by the growing need of robust electrical supply technologies that cannot be interrupted. According to a study, power outages and blackouts cost nearly USD 80 billion annually in the United States.  To reduce these costs, governments are continuously looking for new technologies which are more effective and efficient.  Some other factors the market desires include the characteristic of these technologies such as the ability to generate higher quality power and the fact that these are self corrective.  However, the market is inhibited by huge initial capital required to set up these technologies and the lack of awareness amongst under developed countries. 

Some of the leading companies operating in the global market include Alvarion Inc, Ambient Corp, American Superconductor Corp, Comverge Inc, 3 M Company and so on. 

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
North America 
Asia Pacific 
Europe
Rest of the World  
This report provides comprehensive analysis of 
Market growth drivers 
Factors limiting market growth
Current market trends 
Market structure
Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

Reasons for Buying this Report

This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth 
It provides a technological growth map over time to understand the industry growth rate
It provides a seven-year forecast assessed on the basis of how the market is predicted to grow 
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
It provides distinctive graphics and exemplified SWOT analysis of major market segments 
Request TOC of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=814

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: www.transparencymarketresearch.com

This release was published on openPR.