New Jersey, United States-The fact that every electrical utility setting on a smart grid system must be thoroughly assessed for communication in order to improve the efficiency of the smart grid is a significant market driver for the expansion of global smart grid communication systems.
With the installation of more modern technologies and their integration with the smart grid, a considerable volume of data is generated, which must be carefully examined in order to plan the load scheduling for the producing stations. As a result, an effective communication system that can assist to transfer data securely and cost-effectively between the power grid and the data center, which is one of the primary market drivers for global smart grid communication, must be developed.
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Key Market Players
IBM Corporation, ABB Ltd, Schneider Electric SE, Cisco Systems Inc., Itron Inc., Verizon Communications Inc., Siemens AG, and Ingenu Inc. are some of the key participants in the Smart Grid Communications Market.
Segment Analysis
By Solution:
● WAN
● FAN
● HAN
By Geographical Landscapes:
● APAC
● North America
● Europe
● South America
● MEA
Covid Analysis
The paper studies and analyses the impact of Coronavirus COVID-19 on the Smart Grid Communications market, providing in-depth research and professional guidance on how to deal with the post-COVID-19 period.
Recent Developments
● Impact Solar, located in Thailand, has teamed with Hitachi ABB Power Grids to provide an energy storage system for the country’s largest private-owned microgrid in May 2021.
● Schneider Electric bought DC Solutions BV, a significant producer of smart systems, in January 2021. This has aided the company’s advancement of electrical distribution advancements.
Download the Full Index of the Smart Grid Communications Market Research Report 2022
Key Questions
● What is the market’s current size?
● What are the primary market drivers?
● Which region in the industry is expected to expand the quickest throughout the anticipated period?
● Which is the market’s fastest-growing segment by component throughout the anticipated period?
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