Zion Research has published a new report titled “Smart Grid (Advanced Metering Infrastructure, Distribution Automation, Software & Hardware, Communication Technologies, Transmission Upgrades and Cyber Security) Market: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014-2020.” According to the report, global smart grid market was valued at approximately USD 40.0 billion in 2014 and is expected to reach around USD 120.0 billion in 2020, growing at a CAGR of slightly above 18% between 2015 and 2020.
Smart grid is an innovative power distribution technology that facilitates secure, efficient and effective control of the production and distribution of electricity. Electronic control, metering, and monitoring are major aspects of smart grid. A smart grid includes several instruments and appliances that works together to scrutinize the flow of current. Smart grid effectively measure and balance the demand and supply of electricity at the connected device across the remote areas. A smart grid is very beneficial system for electricity distribution that collects, stores and process huge data.
Browse the full “Smart Grid (Advanced Metering Infrastructure, Distribution Automation, Software & Hardware, Communication Technologies, Transmission Upgrades and Cyber Security) Market: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020” report at http://www.marketresearchstore.com/report/smart-grid-market-z40255
Loss of electricity during transmission and distribution has been remained major concern in Asia Pacific. Smart grid provides effective and efficient distribution of electricity with minimum loss during the transmission. This is one of the most important driving factors for growth of smart grid. Additionally, change in government policies and regulations in emerging economies are expected to fuel the growth of smart grid industry. Higher reliability, safety and efficiency are also expected to trigger smart grid market across the world. However, high cost of installation is expected to hamper the growth of smart grid industry to some extent.
Browse 16 Market Tables and 25 Figures spread through 70 Pages and an in-depth TOC on “Smart GridMarket – Global Trends & Forecast to 2020”
Get Sample Research Report at http://www.marketresearchstore.com/report/smart-grid-market-z40255#RequestSample
Advanced metering infrastructure, distribution automation, software and hardware, communication technologies, transmission upgrades and cyber security are the key technologies involved in the global smart grid market. The distribution automation was one of the largest technological segments that account for significant share of the total revenue generated by smart grid industry in 2014. Advanced metering infrastructure was the second largest segment of the smart grid market in 2014. The transmission upgrades is another important technology segment that is projected to experience significant growth in the years to come owing to the efficient and reliable installation and distribution in the remote regions.
Smart grid market was dominated by Asia Pacific with around 30% share of the total revenue generated in 2014. Strong demand from emerging economies such as China and India is a major driving force for growth of smart grid market in the region owing to rapid industrialization. North America was the second largest market for smart grid in 2014. Europe, Latin America and Middle East & Africa are other important regional markets for smart grid industry, which are further expected to exhibit significant growth in the years to come.
Related Published Reports:
- Shale Gas Market: http://www.marketresearchstore.com/report/shale-gas-market-by-technology-z38366
- Smart Building Market: http://www.marketresearchstore.com/report/smart-building-market-z38199
Some of the key players in global smart grid market include Aclara, Alstom, Comverge, eMeter, GridPoint, Inc., Landis+Gyr, Schneider Electric, Schweitzer Engineering Laboratories, Inc. (SEL), Sensus, and Siemens.
The report segments the global smart grid market as:
Smart Grid Market: Technology Segment Analysis
- Advanced metering infrastructure
- Distribution automation
- Software and hardware
- Communication technologies
- Transmission upgrades
- Cyber security
Smart Grid Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Market Research Store is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. MRS’s experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each MRS syndicated research report covers a different sector — such as pharmaceuticals, chemical, energy, food and beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.
Company Name: Market Research Store
Contact Person: Joel John
Email: Send Email
Address:3422 SW 15, Street Suit# 8138
City: Deerfield Beach
Country: United States