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 Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Smart Grid market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry. The report sheds light on the minute details of the Smart Grid industry pertaining to growth factors, opportunities and lucrative business prospects, regions showing promising growth, and forecast estimation till 2027.
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., South Africa, Rest of MEA)
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Smart Grid market?
What are the key product types and applications of the Smart Grid industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Smart Grid market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Smart Grid Market by 2028?
Request a customization of the report @ https://www.emergenresearch.com/request-for-customization/198
Thank you for reading the research report. To get more information about the customized report and customization plan, kindly connect to us and we will provide you with the well-suited customized report.
Take a Look at our other Reports:
Cardiac Monitoring CRM Devices Market
Neurostimulation Devices Market
Signal Intelligence (SIGINT) Market
Industrial Microbiology Market
Surgical Instrument Tracking Systems Market
Medical Lighting Technologies Market
Smart Irrigation Controllers Market
Plant-Based Food Beverage Alternatives Market
AI-Enabled Medical Imaging Solutions Market
Intelligent Drug Discovery Market
Prenatal Testing and Newborn Screening Market
Unmanned Ground Vehicle Market
About Us:
At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Read Full Press Release @ https://www.emergenresearch.com/press-release/global-smart-grid-market
