Smart grid can be defined as a smart electric network composed of electric network and smart digital communication technology. Electricity can be supplied to users from several widely distributed sources such as wind turbines, solar power systems, and plug-in hybrid electric vehicles.
The global smart grid market is estimated to grow at a CAGR of approximately 20% during the forecast period of 2021–2027.
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The key players in the global smart grid market are General Electric Company (US), ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SA (France), Itron, Inc. (US) and others.
Smart Grid Key Market Segments:
By Component
- Solutions
- Services
By Application
- Generation
- Transmission
- Distribution
- Consumption/End Use
By Solutions
- Advanced Metering Infrastructure (AMI)
- Smart Grid Distribution Management
- Smart Grid Communications
- Smart Grid Network Management
- Substation Automation
- Smart Grid Security
- Others
A full report of Global Smart grid Market is available at: https://www.orionmarketreports.com/smart-grid-3-market/39901/
Scope of the Report
The research study analyzes the global Smart grid industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Smart grid Market Report
1. What was the Smart grid Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Smart grid Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Smart grid Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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