Smart Grid Market – 2019 | Huge Growth in CAGR – Forecast to 2025

The global smart grid market is anticipated to witness considerable growth due to growing energy demand and growing concerns regarding reduction in carbon footprints is shaping the global smart grid market.

A smart grid is a modernized electricity transmission and distribution network that includes two-way communication systems and enables the integration of technologies.

According to BlueWeave Consulting, The Smart Grid Market represents an unprecedented opportunity to move the energy industry into a new era of reliability, availability, and efficiency that will contribute to our economic and environmental health. Due to a rise in government support and substantial investment by organizations towards smart grid technology implementation, the industry is projected to witness positive growth.

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According to the International Energy Agency (IEA), global investment in digital electricity infrastructure was over USD 50 billion in 2017. A similar increase is expected from growing needs for cooling, with the number of home air conditioners in developing economies rising to 2.5 billion units, up from about 600 million today.

Strengthening focus toward renewable energy integration along with growing implementation of ICT technologies will push the distribution smart grid market growth. In addition, raising awareness toward energy efficiency backed by increasing legislative funding to strengthen grid reliability will complement the business landscape. Growing energy demand accompanied by growing concerns relating to unplanned power outages and environment protection will boost the smart grid market growth.

Global Smart Grid Market: Competitive Landscape

Companies such as General Electric, ABB, Siemens, Schneider Electric, Itron, Landis+Gyr, Aclara, Cisco, OSI, IBM, Wipro, Honeywell, Oracle, S&C Electric Company, Eaton, Trilliant Holdings, Globema, Tech Mahindra, Enel X, eSmart Systems, and Grid4C are the leading players of smart grid market across the globe.

Objective of the Study:

  • To analyze and forecast market size of the global smart grid market, in terms of value.
  • To examine the careful market segmentation and forecast the market size, in terms value, on the basis of region by segmenting smart grid market into five regions, namely, North America, Europe, Asia Pacific, Middle East and their leading countries.
  • To outline, categorized and forecast the global smart grid market on the basis of technology, deployment, and service.
  • To examine competitive developments like technological advancement, services, and regulative framework within the global smart grid market.
  • To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.
  • To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Table of Contents:

Chapter One:      Research Framework

Chapter Two:      Research methodology

Chapter Three:    Executive summary

Chapter Four:      Industry Insights

Chapter Five:       Global Smart Grid Market Overview

Chapter Six:         Global Smart Grid  Market, By Technology

Chapter Seven:    Global Smart Grid  Market, By Deployment

Chapter Eight:      Global Smart Grid  Market, By Service

Chapter Nine:       Company Profiles

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