Smart Grid Market 2022-2028
Market Overview:
The Global “Smart Grid Market” research report represents an In-Depth overview of this market situation and forecast. The study is perhaps an ideal mixture of qualitative and quantitative information highlighting key market developments, challenges, competition industry analysis and new opportunities available and trend within the Smart Grid Market. Further, this report gives Smart Grid Market size, recent trends, growth, share, development status, market dynamics, cost structure, and competitive landscape. The research report also includes the current market and its growth potential within the given period of forecast.
The global Smart Grid Market size amounted to USD 29.45 billion in 2020. The market value is slated to grow from USD 35.07 billion in 2021 to USD 140.53 billion in 2028 at a CAGR of 21.9% throughout the forecast period.
Key Industry Developments:
July 2021 – AES Ohio selected Landis+Gyr as its technology partner for a grid modernization program for enhancing the efficiency of the electricity distribution network and customer services. AES Ohio will utilize Landis+Gyr cloud services for network management services, system operating software, and installation support.
Get Sample Pdf Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/smart-grid-market-102157
Major Smart Grid Market Manufacturers Covered in The Globally Market:
- ABB
- Siemens
- Schneider Electric
- S&C Electric Company
- Eaton
- GE
- IBM
- Wipro Limited
- Honeywell
- Cisco
- Aclara
- Landis+Gyr
Covid-19 Impact:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
Growth Factor:
Need for Reliable Power Distribution Networks to Fuel Smart Grid Deployment
Smart grid technology is gaining massive traction because of reliable fault detection and automatic self-healing capabilities. Its implementation offers real-time assistance to power management systems, leading to increased situational awareness regarding transmission & distribution management. Utilities worldwide are adopting the technology to reenergize their existing power distribution infrastructure.
In May 2021, for instance, Networked Energy Services Corporation (NES) – the company known for its industry-leading Energy Applications Platform (EAP™) – unveiled plans to deploy more than 1 million smart meters by mid-2021. This move would help the company strengthen its new grid watch solution with threat detection and response.
On the contrary, high initial costs associated with the product deployment could slightly slow down the market development, particularly in low- and middle-income countries.
Smart Grid Market Segmentation:
By End-User:
- Utility
- Industrial
- Residential
- Commercial
By Component:
- Software
- Hardware
- Services
Regional Analysis and Countries Level Analysis:
Smart Grid Market regional analysis is a highly comprehensive part of the research presented in the report. This section sheds light on the sales growth of different regional and country-level Market shares. It provides in-depth and precise country-wise Market growth rate, value/volume analysis, and region-wise market size information of the global market.
Have Ask Any Query? https://www.fortunebusinessinsights.com/enquiry/queries/smart-grid-market-102157
Report Scope:
This report aims to provide a comprehensive presentation of the global market for Smart Grid Market, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analys their position in the current marketplace, and make informed business decisions regarding Smart Grid Market.
What are the report’s objectives?
- This market report shows the estimated market size for the Market Industry at the end of the forecast period.
- The research also looks at historical and current market sizes.
- Based on a range of variables, the charts depict year-over-year growth (percent) and compound annual growth rate (CAGR) over the specified anticipated time.
- The study includes a market overview, geographical scope, segmentation, and financial performance of the major competitors.
- For the forecast period, the study examines the growth rate, market size, and market valuation.
Speaking about this research report particularly, it includes:
- Five Major Regions (North America, Europe, Asia Pacific, geographical region & Africa, South & Central America)
- Market Information for 10 Years
- Key Industry Dynamics including factors that are Driving the Market, Prevailing Deterrent, Potential Opportunities furthermore as Future Trends.
- Key Company Profiles (these aren’t just Major Players but a mixture of Leading, Emerging Players, Market Disruptors, Niche Market Players, etc.)
Table Of Content:
Key Points from TOC:
- Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
- Executive Summary
- Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- Key Insights
4.1 Global Statistics — Key Countries
4.2 New Product Launches
4.3 Pipeline Analysis
4.4 Regulatory Scenario — Key Countries
4.5 Recent Industry Developments — Partnerships, Mergers & Acquisitions
- Global Smart Grid Market Analysis, Insights and Forecast
5.1. Key Findings/ Summary
5.2. Market Analysis — By Product Type
5.3. Market Analysis — By Distribution Channel
5.4. Market Analysis — By Countries/Sub-regions
……………
- Competitive Analysis
11.1. Key Industry Developments
11.2. Global Market Share Analysis
11.3. Competition Dashboard
11.4. Comparative Analysis — Major Players
- Company Profiles
12.1 Overview
12.2 Products & Services
12.3 SWOT Analysis
12.4 Recent developments
12.5 Major Investments
12.6 Regional Market Size and Demand
- Strategic Recommendations
TOC Continued……………
If You Want More Insights Into The Smart Grid Market, Buy Now This Exclusive Report:https://www.fortunebusinessinsights.com/checkout-page/102157
About Us:
Fortune Business Insights™ Delivers Accurate Data And Innovative Corporate Analysis, Helping Organizations Of All Sizes Make Appropriate Decisions. We Tailor Novel Solutions For Our Clients, Assisting Them To Address Various Challenges Distinct To Their Businesses. Our Aim Is To Empower Them With Holistic Market Intelligence, Providing A Granular Overview Of The Market They Are Operating In.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
Us: +1 424 253 0390
Uk: +44 2071 939123
Apac: +91 744 740 1245
Email: [email protected]
These advanced sensors are used to attain real time data to improve the reliability offered by power transmission.
The smart grid sensor is highly effective to check weather conditions and issues with temperature of power lines during the transmission of energy.
On the downside, security concerns and high energy utility counterfeit can hinder the expansion of the smart grid sensors market through the review period 2017-2023Market Segmentation The smart grid sensors market study is based on component, sensors, solutions, service, and application.The sensors based segments of the smart grid sensors market are dynamic line rating sensors, voltage or temperature sensors, transformer monitoring sensors, outage detection sensors, and others.
The component segments are sensors, AMI meter, programmable logic controller (PLC), networking hardware, and others.
The service segments are deployment , consulting, support & maintenance and others.Smart grid sensors market segments by solutions are smart grid distribution management, Advance Metering Infrastructure (AMI), grid asset management, smart grid communication, billing information system, and substation automation.The application based segments of the smart grid sensors are supervisory control and data acquisition (SCADA), smart energy meter, Advanced Metering Infrastructure (AMI), and othersGet Free Sample PDF Brochure@ https://www.marketresearchfuture.com/sample_request/5427Regional AnalysisNorth America is presumed to dominate the world smart grid sensors market.
The enhancement in the grid consistency can bolster the regional market rise.
