Scope of the Study
A smart grid networking refers to the electricity network based on digital technology that is used to supply electricity to consumers via two-way digital communication. This system enables for monitoring, analysis, control, and communication in the supply chain to assist improve efficiency, reduce energy consumption and cost, and maximize the transparency and reliability of the energy supply chain.
The market study is being classified and major geographies with country level break-up. According to AMA, the Global Smart Grid Networking market is expected to see growth rate of 9.8% and may see market size of USD16.5 Billion by 2024.
ABB Ltd (Switzerland), Cisco Systems Inc. (United States), Eaton Corporation PLC (Ireland), General Electric Co. (United States), Itron Inc. (United States), Oracle Corporation (United States), Osaki Electric Co. Ltd (Japan), S&C Electric Company Inc. (United States), Schneider Electric SE (France), Siemens AG (Germany) and Hitachi Ltd (Japan) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Smart Grid Networking market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Smart Grid Networking market by Type, Application and Region.
On the basis of geography, the market of Smart Grid Networking has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Network Planning will boost the Smart Grid Networking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Hardware, the sub-segment i.e. Controllers will boost the Smart Grid Networking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Software, the sub-segment i.e. IP Address Management will boost the Smart Grid Networking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The Rise in Smart Grid Deployments
- Push For Interoperability and Standardization
- Change Out Of Legacy Telephone Company Connections
- Growing Awareness among Consumers about the Advantages of Smart Grid Networking
- Unique Communications Standards Being Used In a Variety of Ways in Smart Grid
- The Use of IoT, Cloud Computing, and Blockchain Technologies
- High Cost of the Installations
- Lack of Better Energy Management
- Advanced Metering Infrastructure and Dual-Way and Real-Time Communication
- Emerging Demand from Developing Regions
Recently, S&C Electric Company, a smart grid leader improving power reliability and delivery worldwide, has announced the launch of the Scada-Mate SD Switching System, a non-SF6, an environmentally friendly solution designed to improve reliability while reducing greenhouse gases on the distribution grid.
Key Target AudienceSmart Grid Networking Hardware Manufacturers, Smart Grid Networking Software Companies, Smart Grid Networking Services Providers, Technology Investors, Regulatory & Government Bodies, End Users and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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