Global Smart Grid Market Reviews, Methodology and Technological advancements forecast 2023

Global Smart Grid Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team.

The global smart grid market size is expected to grow from US$ 23.8 Billion in 2018 to US$ 61.3 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 20.9% during the forecast period. Major growth factors for the market include the need for effective management of smart grid operations, modernization of aging grid infrastructure, and the need for specialized service providers who can offer cost-effective services

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APAC is expected to grow at the highest CAGR during the forecast period, as the rapidly increasing consumption of power in major APAC countries, such as China, India, and Japan, has driven the need to introduce new measures to generate, distribute, or use electricity efficiently. Also, they have finally realized advantages in the smart grid industry and developed a comprehensive roadmap to leverage these assets toward a countrywide smart grid infrastructure development. Meanwhile, North America is projected to hold the largest market size during the forecast period.

The Study Objectives of this report are:

• To analyze the market with respect to the individual growth trends, prospects, and contributions to the smart grid industry
• To determine and forecast the global smart grid market by software, hardware, services, and regions from 2018 to 2023, and analyze various macroeconomic and microeconomic factors which influence the market growth
• To forecast the market size of 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
• To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the smart grid market
• To analyze the competitive developments, such as agreements, contracts, joint ventures, and mergers and acquisitions, in the smart grid industry

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Top Key Players in the “Smart Grid Market” include are

• General Electric (GE; US)
• ABB (Switzerland)
• Siemens (Germany)
• Schneider Electric (France)
• Itron (US)
• Landis+Gyr (Switzerland)
• Aclara (US)
• Cisco (US)
• OSI (US)
• IBM (US)
• Wipro (India)
• Honeywell (US)
• Oracle (US)
• S&C Electric Company (US)
• Eaton (Ireland)
• Kamstrup (Denmark)
• Trilliant Holdings (US)
• Globema (Poland)
• Tech Mahindra (India)
• Enel X North America (US)
• eSmart Systems (Norway)
• Tanatalus (US)
• EsyaSoft (India)
• Grid4C (US)
• C3 Energy (US)

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Reason to buy this report:

The report will help the market leaders/new entrants in the global smart grid market with information on the closest approximations of the revenue numbers for the overall market and the sub segments. The report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies.

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