Advance Market Analytics published a new research publication on “Smart Grid Technology Market Insights, to 2027″ with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Smart Grid Technology market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled in the study are:
IBM (United States), ABB (Sweden), Hubbell Incorporated (Aclara Technologies) (United States), Belden (United States), Cisco Systems (United States), Comverge (United States), Fujitsu (Japan), Eaton (Cooper Power Systems) (United States), GE Energy (United States) and Deutsche Telekom (Germany).
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Scope of the Report of Smart Grid Technology
Smart grid is a solution towards majority of challenges or problems faced today in terms of climate change or wildlife. Smart grid is a way to achieve better energy efficiency by using IT and better network infrastructure to understand the utility of every customer and by generating the required amount by renewable energy sources thus reducing carbon footprint and also reducing cost. Smart grids are combination of various automation, communication and data collection which should enable us to be more efficient and avoid the capacity constraints, catastrophe, natural incidents and equipment failures that are main reasons of energy disturbance and outage using the online monitoring of the power systems.
Market Leaders and their expansionary development strategies
Schneider buys AutoGrid to tap huge potential of distributed energy resources. AutoGrid managed to successfully become a major player in providing the technology that connects and orchestrates distributed energy resources (DERs) to serve grid needs, from household smart thermostats and EV chargers.
To better global utilities in connectivity Ericsson launches smart grid testbed in Texas. This operating lab will be a physical representation of a utility smart grid, enabling real-world demonstrations of end-to-end private network operations across the power grid. and The EU Commission, through its Clean Energy Package, incorporates measures to enable grid operators to deploy smarter technology. The EU also introduced a Strategic Energy Technology plan in 2007 for the development of a smart electricity system over the next 30 years
State of California has taken a decision adopting rules to protect the privacy and security of the electricity usage data of the customers. This decision adopts rules to protect the privacy and security of customer data generated by Smart Meters concerning the usage of electricity
The titled segments and sub-section of the market are illuminated below:
by Type (Advanced Metering Infrastructure, Distribution Management System, Network Management System, Grid Asset Management, Grid Security), Application (Infrastructure, Industrial, Commercial), Power Source (Turbine, Solar Power Plants, Energy Storage System, Small natural gas-fuelled generators, Controllable loads, Other), Network (Premises Network, Neighbourhood Area Network, Wide Area Network
Market Trend
- More Users Are Shifting To Ev Which Leads To More Efficient And Reliable Source Of Electricity.
- Upgradation In Smart Home Technology Resulting In Requirement Of High Quality Of Power.
Opportunities
- Climate Change Has Raised The Necessity To Switch To More Efficient Energy Consumption.
- Reduce The Effect On Wildlife Preserves By Energy Grids.
Restraints
- High Initial Cost Of Investment.
Challenges
- Inadequacy In Grid Infrastructure And Communication Infrastructure.
- Smart Grid Connects With Network Which May Lead To Cyber-Attack.
- Power Generation Through Renewable Sources Is Not Uniform Which Effects Storage.
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Smart Grid Technology Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Smart Grid Technology market
Chapter 2: Exclusive Summary – the basic information of the Smart Grid Technology Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Smart Grid Technology
Chapter 4: Presenting the Smart Grid Technology Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Smart Grid Technology market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, Smart Grid Technology Market is a valuable source of guidance for individuals and companies.
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