The global Smart Grid Market will be worth USD 122.97 Billion by 2027. The growth of this market can be attributed to the increasing initiatives of the government to adopt renewable sources of energy and reduce the carbon dioxide emission levels. Besides, the increasing supportive policies and regulations of the government regarding the adoption of the smart grid technologies is expected to boost the market growth over the forecast period.
The emergence of smart cities increases the need for advanced smart grid technologies, which is most likely to propel the industry’s growth. The lower operating cost of the advanced metering technologies is a key contributing factor to the increasing demand of the system. The market players are investing in the research and development to produce more technologically advanced systems. The smart grid technology is expected to generate more accurate electricity bills compared to traditional power systems.
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Emergen Research has recently published a detailed report on the global Smart Grid market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Smart Grid market through verified and validated data curated to offer accurate insights. The report also offers a region wise and country wise analysis of the Smart Grid market and contains a detailed analysis of the key elements influencing the growth of the market in the region. The research study also contains historical, current, and forecast estimations for each sector, segment, sub-segment, and regions.
Some players analyzed in the report are:
ABB,
General Electric,
Siemens,
Itron,
Aclara,
Schneider Electric,
Cisco,
S & C Electric Company,
Oracle, and
IBM, among others.
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Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report further divides the Smart Grid market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Smart Grid market.
Emergen Research has segmented the global Smart Grid Market on the basis of Technology, Services, End User, and region:
Technology Outlook (Revenue, USD Billion; 2017-2027)
Smart Grid Distribution Management
Advanced Metering Infrastructure
Smart Grid Network Management
Smart Grid Security
Others
Services Outlook (Revenue, USD Billion; 2017-2027)
Deployment and Integration
Consulting
Support and maintenance
End User Outlook (Revenue, USD Billion; 2017-2027)
Commercial
Industrial
Residential
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Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Smart Grid market?
What are the key product types and applications of the Smart Grid industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Smart Grid market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Smart Grid Market by 2027?
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