Smart Grid Market Report Analysis and Forecast Upto 2022
The Smart Grid Market Research Report provides forecast and estimates for each application in terms of Market Size, Share, Trend and Growth during the study period (2016–2022).
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The report on global Smart Grid market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research done by the analysts. The study extensively provides the market share, growth, trends and forecasts for the period 2016–2022. The market size in terms of revenue (USD MN) is calculated for the study period along with the details of the factors affecting the market growth (drivers and restraints).
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A. Major Drivers :
– Government initiatives for smart meters roll-out
– Government policies and legislative mandates
– Increasing demand for integration of renewable energy source
B. Major Restraints :
– Lack of standards and interoperability
– High initial costs for deployment of technology solutions
The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved. The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
C. Major player assessed in the report is :
– Schneider Electric SE
– Siemens AG
– ABB Group
– Cisco Systems, Inc.
– General Electric Company
– IBM Corporation
– Itron, Inc.
– Landis+Gyr AG
– Oracle Corporation
– Open Systems International
The report classifies the market into different segments based on product type, formulation and indication. These segments are studied in detail incorporating the market estimates and forecasts at regional and country level. The segment analysis is useful in understanding the growth areas and probable opportunities of the market.
In terms of geography, the Smart Grid market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.
D. SEGMENTATIONS IN THE REPORT :
1. By Solution :
– Advanced Metering Infrastructure
– Meter Data Management
– Advanced Metering Infrastructure Security
– Smart Grid Distribution Management
– Supervisory Control and Data Acquisition
– Outage Management
– Distributed Energy Resource Management
– Demand Response Management
– Energy Management
– Smart Grid Communication
– Network Performance Monitoring Management
2. By Service :
– Deployment and Integration
– Support and Maintenance
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