Growing Need For Efficiency And Energy Conservation Will Boost The Growth of Smart Grid Market


Posted June 25, 2018 by Steveblade

According to Goldstein Research, emerging technologies are considered as a major driving factor for smart grid. Smart grid is capturing telecommunication and energy sector and witnessing significant investment in smart grid technologies and solutions
 
According to Goldstein Research, emerging technologies are considered as a major driving factor for smart grid. Smart grid is capturing telecommunication and energy sector and witnessing significant investment in smart grid technologies and solutions. 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. For instance, about USD 14.0 billion was invested in smart meters deployment across the globe in 2016. Over 40% of Americans are using smart meters at their homes. Smart grids are using new technologies to manage the power generation and distribution and reducing the carbon emissions.
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Market Segmentation
On the basis of our in-depth analysis, 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
• Cyber security 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)}
• Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Smart Grid Market {Market Share (%), Market Size(USD Billion)}
“Smart Grid Industry Analysis” contains detailed overview of the global smart grid market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by hardware type, by software and by services.
Further, for the in-depth analysis, Global Smart Grid Market Analysis 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 analysis 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 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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About Goldstein Research
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on Energy Resources industry reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
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Tags global smart grid market , global smart grid market outlook , global smart grid market overview , global smart grid market share , global smart grid market trends
Last Updated June 25, 2018