Global Smart Grid Market Analysis, Research, Trends, Growth and Forecast to 2023
Global Smart Grid market is further estimated to grow at a CAGR of 18.83% from 2018 to reach USD 57.68 billion by the year 2023.
(EMAILWIRE.COM, June 22, 2018 ) GLOBAL SMART GRID MARKET was valued at USD 20.49 billion in the year 2017. Global Smart Grid market is further estimated to grow at a CAGR of 18.83% from 2018 to reach USD 57.68 billion by the year 2023. North America region holds the highest market share in 2017 and North America market is considered as the fastest growing market in the forecasted period. At country level U.S, Canada, Mexico holds the highest market share in 2017 and it is projected to grow strongly in the coming years.
ALSTOM (France), Aclara Technologies LLC. (Missouri, US), General Electric Company (New York, US), Schneider Electric SA (Rueil-Malmaison, France), Oracle Corporation (California, US), ABB Ltd. (Zurich, Switzerland), Cisco Systems, Inc. (California, U.S), Siemen AG (Munich, Germany), Open Systems International, Inc. (Minnesota, U.S), Wipro Limited (Bengaluru, INDIA) are some of the key players in the Global Smart Grid market. Rising research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of the top manufacturers in recent years.
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Drivers:
Government Legislation and Policies
Sustainability
Restraints:
Installation cost is higher
Opportunities:
Enable market of electricity to flourish
Challenges:
Network communication is critical
The Global Smart Grid Market is segmented by hardware, by software and by services in the forecasted period. In Software segment the major shares of the market comes from Communication segment in Global Smart Grid Market. As hardware and software comes under communication and together create a mesh network. On the other hand, by hardware type, Sensors for Smart Grid market is expected to grow at highest CAGR during year 2018-2023.
Key Benefits for Stakeholders
Smart Grid technology solution provider,
Network service providers, System Integrators
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies and urban planning agencies.
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By Hardware
Sensors
Programmable Logic Controller
Advanced Metering Infrastructure (AMI) Meter
Networking Hardware
Others
By Software
Smart Grid Distribution Management
Advanced Metering Infrastructure
Smart Grid Communication
Billing and Customer Information System
Substation Automation
Grid Asset Management
By Service
Maintenance & Support
Consulting
Deployment & Integration
By Region
North America
Europe
Asia-Pacific
RoW
Key Market Players
ALSTOM
Aclara Technologies LLC.
General Electric Company
Schneider Electric SA
Oracle Corporation
ABB Group
Cisco Systems, Inc.
Siemen AG
Open Systems International, Inc.
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At Prominent Market Research, we are committed to provide the best possible service and recommendations to all our customers. You will be able to speak to seasoned analyst who will understand your research needs accurately. We make it our business to look after yours, with an efficient and friendly team always available to help you.
ALSTOM (France), Aclara Technologies LLC. (Missouri, US), General Electric Company (New York, US), Schneider Electric SA (Rueil-Malmaison, France), Oracle Corporation (California, US), ABB Ltd. (Zurich, Switzerland), Cisco Systems, Inc. (California, U.S), Siemen AG (Munich, Germany), Open Systems International, Inc. (Minnesota, U.S), Wipro Limited (Bengaluru, INDIA) are some of the key players in the Global Smart Grid market. Rising research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of the top manufacturers in recent years.
Get Discount at https://www.prominentmarketresearch.com/discount-report/34295
Drivers:
Government Legislation and Policies
Sustainability
Restraints:
Installation cost is higher
Opportunities:
Enable market of electricity to flourish
Challenges:
Network communication is critical
The Global Smart Grid Market is segmented by hardware, by software and by services in the forecasted period. In Software segment the major shares of the market comes from Communication segment in Global Smart Grid Market. As hardware and software comes under communication and together create a mesh network. On the other hand, by hardware type, Sensors for Smart Grid market is expected to grow at highest CAGR during year 2018-2023.
Key Benefits for Stakeholders
Smart Grid technology solution provider,
Network service providers, System Integrators
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies and urban planning agencies.
Request for Sample Report at https://www.prominentmarketresearch.com/sample-report/34295
By Hardware
Sensors
Programmable Logic Controller
Advanced Metering Infrastructure (AMI) Meter
Networking Hardware
Others
By Software
Smart Grid Distribution Management
Advanced Metering Infrastructure
Smart Grid Communication
Billing and Customer Information System
Substation Automation
Grid Asset Management
By Service
Maintenance & Support
Consulting
Deployment & Integration
By Region
North America
Europe
Asia-Pacific
RoW
Key Market Players
ALSTOM
Aclara Technologies LLC.
General Electric Company
Schneider Electric SA
Oracle Corporation
ABB Group
Cisco Systems, Inc.
Siemen AG
Open Systems International, Inc.
Purchase Report Now at https://www.prominentmarketresearch.com/checkout/34295
About Prominent Market Research:
At Prominent Market Research, we are committed to provide the best possible service and recommendations to all our customers. You will be able to speak to seasoned analyst who will understand your research needs accurately. We make it our business to look after yours, with an efficient and friendly team always available to help you.
Contact Information:
Prominent Market Research
Robin
Tel: +1-815-957-4373
Email us
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Prominent Market Research
Robin
Tel: +1-815-957-4373
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results