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Smart Grid Market Product Scope, Demand, Business Scenario, Trends, Share, Applications, Forecast 2027

Unknown     05/02/2022 08:34:16    65    Share


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.

Get a sample of the report @ https://www.emergenresearch.com/request-sample/198

The Global Smart Grid Market research study published by Emergen Research is an extensive collection of insightful information about the Smart Grid industry. The report covers the Smart Grid Market segmentation along with a detailed outline of the Smart Grid market size with regards to volume and valuation. The report provides comprehensive coverage of the Smart Grid market scenario for the current period and forecast timeline of 2020-2027. The Smart Grid market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, 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.

Request a discount on the report @ https://www.emergenresearch.com/request-discount/198

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

To know more about the report @ https://www.emergenresearch.com/industry-report/smart-grid-market

Key Highlights of Report

In October 2019, ABB completely acquired a majority stake in Chargedot Shanghai New Energy Technology Co., Ltd. The Shanghai-based company provides AC and DC charging stations. The acquisition strengthened the relationship between leading Chinese EV manufacturers and ABB.

The Smart Grid distribution Management segment held the largest market share of 41.0% in the year 2019 as it can optimize the renewal energy distribution while minimizing the electricity bills for the customers.

The Deployment and Integration segment is forecasted to grow with the fastest CAGR of 20.6% over the forecast period due to the increasing requirement in the technological advancements of the traditional power systems.

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

   Tags: Smart Grid Market Application, Europe Smart Grid Market, Asia-Pacific Smart Grid Market, Smart Grid Market Competition landscape

   IDs: 2428

   Titles: Smart Grid Market Product Scope, Demand, Business Scenario, Trends, Share, Applications, Forecast 2027


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