The global smart grid market is expected to grow at 19.1% CAGR from 2019 to 2028. It is expected to reach above USD 145.65 billion by 2028 from USD 30.43 billion in 2019.

The latest report provides information about the global Smart Grid market and forecasts the growth prospects and industry trends that could emerge between 2023 and 2029. Future growth was calculated by taking the current growth rate and the entire market size into account. The Smart Grid Market report offers in-depth qualitative and quantitative insights on the industry's potential, and Future Scopes available to Smart Grid Market.

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Significant Players Covered in the Smart Grid Market Report:

It & telecommunication companies to small ones, many companies are actively working in the global smart grid market. These key players include, ABB, Honeywell International, Inc., Schneider Electric, IBM, Itron, Siemens, General Electric, Eton, Tech Mahindra, Mitsubishi Electric.

Companies are mainly in the device manufacturing and they are competing closely with each other. Innovation is one of the most important and key strategy as it has to be for any smart grid related market. However, companies in the market have also opted and successfully driven inorganic growth strategies like mergers & acquisition and so on.

In 2021, Schneider Electric has acquired DC Systems BV. It is a major supplier of smart systems. This has helped the company in advancing innovations in electrical distribution.

In 2020, Siemens Energy has introduced Unified Power Flow Controller (UPFC) PLUS and expanded the options for grid stabilization. Siemens is a parent company of Siemens Energy.

In 2018, GE Power’s Grid Solutions has collaborated with Tata Power Delhi Distribution. In this collaboration, both companies have released advanced Distribution Management Solution (ADMS).

In May 2018, Itron has signed agreement with Jamaica Public Service Company (JPS) to provide Itron’s smart grid solution for Jamaica.

Note - This Report Sample Includes:

✔ A summary of the research work.

✔ Table of Contents The study's depth of coverage

✔ Market participants at the forefront

✔ The research framework of the report's structure

✔ Exactitude Consultancy's research methodology

The report on the Smart Grid Market includes:

💹Authoritative insights into the Smart Grid Market Size-  USD 145.65 billion
🧾No of pages- 125
🗝Key industry trends
🏭Strategies adopted by major players
🌐Dominating region- North America

Market Segmentation:

Global Market by Components, 2019-2028, (In USD Million)

Software

Advanced Metering Infrastructure

Smart Grid Distribution Management

Smart Grid Network Management

Grid Asset Management

Substation Automation

Smart Grid Security

Billing And Customer Information System

Hardware

Smart Meters

Sensors

Programmable Logic Controller (PLC)

Others (Networking Hardware and Energy Storage)

Services

Consulting

Deployment And Integration

Support And Maintenance

Global Market by Application, 2019-2028, (In USD Million)

Generation

Transmission

Distribution

Consumption

Global Market by Communication Technology, 2019-2028, (In USD Million)

Wireline

Wireless

Global Market by Region, 2019-2028, (In USD Million)

North America

Europe

Asia Pacific

South America

Middle East and Africa

Important Countries in All Regions Are Covered.

Regional Analysis for Smart Grid Market:

North American Market (USA, Canada, North America, Mexico),
European Market (Germany, France, UK, Russia, Italy),
Asia Pacific Market (China, Japan, South Korea, Asian Countries, India, Southeast Asia),
South American Market (Brazil, Argentina), Colombia, etc.),
Middle East and Africa Market (Saudi Peninsula, UAE, Egypt, Nigeria, South Africa)

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https://exactitudeconsultancy.com/reports/1855/smart-grid-market/

The research provides answers to the following key questions:

-What is the projected market size of the Smart Grid market by 2029?

-What will be the normal portion of the overall industry for impending years?

-What is the significant development driving components and restrictions of the worldwide Smart Grid market across different geographic?

-Who are the key sellers expected to lead the market for the appraisal time frame 2023 to 2029?

-What is the moving and arising advances expected to influence the advancement of the worldwide market?

-What are the development techniques received by the significant market sellers to remain ahead on the lookout?

Key Insights of the Smart Grid Market Report:

·         Proper understanding of the current market situation and trends.

·         Availability of detailed prices information (current and historical).

·         Useful data on countries positions in global market.

·         Search for partners or data on current and potential competitors.

·         Thorough market forecast for planning.

Key Benefits for Industry Participants and Stakeholders

1. Competitive landscape & strategies of key players

2. Historical, current, and projected market size, in terms of value

3. In-depth analysis of the Smart Grid Market

4. Potential and niche segments and regions exhibiting promising growth covered

5. Industry drivers, restraints, and opportunities covered in the study

6. Neutral perspective on the market performance

7. Recent industry trends and developments

Table of Contents:

Chapter 1 Smart Grid Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by region.

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Smart Grid Market Forecast

CUSTOM SERVICES AVAILABLE WITH THE REPORT:

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OUR REPORT DATE OFFERS:

Customs Data - Detailed Data covers 100% complete

customs-based data with Importer and Exporter Details along with other shipment

information.

Statistical Data - Statistical Data does not contain

Companies’ Names but it has other useful information such as Quantity, Country,

Price, etc.

Transit Data - Transit Data covers information of

import-export shipments of the land locked countries, which pass through

different customs territories.

Mirror Data - Mirror Data contains information, which

is reported by partner countries of countries that do not report their trade

data.

WE HAVE HISTORICAL DATA ALSO OF THESE COUNTRIES FROM JANUARY 2012 ONWARDS TO FUTURE MONTHS. WE UPDATE OUR DATABASE IN EVERY 35 DAYS (depend upon countries)

“We offer data for more than 195 nations. This is far greater than any other company at the moment and the largest number in the market”. The report can be customized according to the client's requirements. Get in touch with our sales experts ( sales@exactitudeconsultancy.com ) and we'll make sure you get a report that fits your needs.

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