Smart Grid Market is expected to grow at a CAGR of 13.15% Over the Forecast period (2016-2024)

Posted on 2018-07-23 by Goldstein Research in Energy // 0 Comments

New York, USA, 2018-Jul-23 — /EPR Network/ —According to Goldstein Research, smart grids are embracing the utility sector by maintaining grid infrastructure efficiently and increased power generation. Rising penetration of renewable power source is boosting the demand for energy storage and its solutions. Favourable actions by the regional government towards the adoption of smart grids in their energy distribution infrastructure are propelling the growth of the global smart grid market.

Global smart grid market outlook also includes product development, technological advancements and investment strategies adopted by major market players in order to expand their business across the globe. In 2015, total funding for smart grid was valued at nearly USD 400 million and for energy efficiency, the funding raised over USD 800 million.

Browse Full Report: https://www.goldsteinresearch.com/report/global-smart-grid-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

Market Segmentation

On the basis of our in-depth analysis, the global smart grid market can be segmented as follows:

By Hardware

Sensors
PLC (Programmable Logic Controller)
Smart Meter
Networking Hardware

Based on Software

Advanced Metering Infrastructure Software
Grid IT and Asset Management System Software
Smart Grid Communication Software
Cybersecurity Software
Distribution Automation Software

By Services

Consulting Services
Integration and Installation Services
Maintenance Services

Based on Geography

North America (U.S. & Canada) Smart Grid Market {Market Share (%), Market Size(USD Billion)}
Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Smart Grid Market {Market Share (%), Market Size(USD Billion)}
Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Smart Grid Market {Market Share (%), Market Size(USD Billion)}
Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Smart Grid Market {Market Share (%), Market Size(USD Billion)}
The Middle East & Africa (GCC, South Africa, North Africa, Rome) Smart Grid Market {Market Share (%), Market Size(USD Billion)}

“Global Smart Grid Market Outlook 2024” contains the detailed overview of the global smart grid market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by hardware type, by software and by services.

Further, for the in-depth analysis, Smart Grid Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This industry research report also includes competitive outlook of some of the major players profiling of companies such as General Electric Company, Siemens, ABB Ltd.etc.The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global smart grid market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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