Global Smart Grid Market is driven by the rapidly advancing technology and software solution. The energy industry has witnessed a significant transformation in all segments, from generation to supply. Improvements in regulatory and market structure changes are surging with favorable policy objectives aimed at improving the security, competitiveness, and sustainability of the power generation system.
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The report is segmented into four key dynamics for an easy grasp and enhanced understanding.
By Components: Software (Advanced Metering Infrastructure (AMI), and Smart Grid Distribution Management, others.), Hardware (AMI meter, Sensors, and Programmable Logic Controller/PLC among others.), and Services (Consulting and others.),
By Technologies: Wired and Wireless among others.
By End-Users: Residential, Corporate, and Government among others.
By Regions: North America, Europe, APAC and Rest-of-the-World.
The North America Smart Grid market is estimated to continue with its dominance in the years to come. The favorable government regulations coupled with the increasing integration of Smart Grid projects in the region drive the regional market growth. The Smart Grid market in the US accounts for the largest market share in the total North American market.
Smart Grid Market demonstrates a high growth potential which is likely to attract many entrants to the market resultantly, intensifying the competition further. Market players strive to develop innovative technologies, and best practices. Well established players incorporate collaboration, acquisition, partnership, technology launch and expansion to gain competitive advantage and to maintain their market position.
ABB Ltd. (Switzerland), General Electric Company (US), Siemens AG (Germany), Itron, Inc. (US), Schneider Electric SA (France), Landis+Gyr (Switzerland), Cisco Systems, Inc., Aclara Technologies LLC, Open Systems International, Inc., Wipro Ltd.
Industry/ Innovation /Related News:
July 18, 2018 – Thai government announced that Thailand 4.0, an initiative launched in 2017 to transform cities like Chiang Mai, Phuket, Bangkok and Khon Kaen into technology hubs as well as per the schedule. Thailand 4.0 aims to develop 100 smart cities in the next 20 years. The Smart city domains include Smart Mobility, Smart Economy, Smart Energy & Environment, Smart People Smart Governance, and Smart Living.
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LIST OF TABLES
Table 1 Global Smart Grid Market, By Region, 2017–2023
Table 2 North America: Smart Grid Market, By Country, 2017–2023
Table 3 Europe: Smart Grid Market, By Country, 2017–2023
Table 4 Asia Pacific: Smart Grid Market, By Country, 2017–2023
Table 5 The Middle East & Africa: Smart Grid Market, By Country, 2017–2023