Product Code: RP-ID-10325638 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Energy & Power |
Report ID: 10325638
Market Overview:
Smart Grid Market - Global Revenue, Trends, Growth, Share, Size and Forecast
Smart Grid Market is expected to grow from USD 39.84 billion in 2016 and reach USD 83.81 billion in 2022, growing at a CAGR of 13.2% during the forecast period.
The global smart grid market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and challenges in the smart grid market.
KEY BENEFITS OF THE REPORT:
In-depth analysis of the market segments that will showcase the greatest growth potential
Information about the technological advancements influencing the growth of the global market
Extensive analysis of the key players dominating the competitive landscape of this market
KEY PREMIUM INDUSTRY INSIGHTS:
The global smart grid market is anticipated to grow exponentially, due to the emergence of the advanced technologies that can meet the rising demand for the responsive and automated power grids.
The key factors driving the global smart grid market include the introduction of favorable government initiatives and the changing rules and regulations.
Also, the increasing emphasis on reliability and energy efficiency and the increasing roll outs of the smart meters across the globe are fueling the growth of the global smart grid market.
Other factors such as the growing demand for secure & reliable power supply and enhanced operational efficiency are expected to drive the growth of the market during the forecast period.
However, the limited scope of product differentiation and the high cost of deployment are a few restraints anticipated to hamper the growth of the global smart grid market during the forecast period.
MARKET SEGMENTATION:
This report analyzes the smart grid market by the following segments:
Smart Grid Market, by Solution
Advanced Metering Infrastructure
Smart Grid Distribution Management
Smart Grid Communication
Grid Asset Management
Other Solutions
Smart Grid Market, by Service
Implementation and Integration
Consulting
Repair and Maintenance
KEY MARKET PLAYERS:
Key players in the smart grid market include:
Schneider Electric SE
Siemens AG
ABB Ltd.
General Electric
Landis+Gyr
Itron Inc.
Open System International Inc.
IBM Corporation
Alstom
Silver Spring Networks
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