Smart Grid Market to Reach $120.0 bn by 2020, Growing at 18% CAGR
Zion Market 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.
The 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 work together to scrutinize the flow of current. Smart grid effectively measures 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 processes huge data.
Request For Free Sample Report: http://www.marketresearchstore.com/report/smart-grid-market-z40255#RequestSample
Loss of electricity during transmission and distribution has 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, the high cost of installation is expected to hamper the growth of smart grid industry to some extent.
Request For Free Price Quotation: http://www.marketresearchstore.com/requestquote?reportid=40255
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.
Browse the full report at: http://www.marketresearchstore.com/report/smart-grid-market-z40255
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 the 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.
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:
Technology Segment Analysis: Advanced metering infrastructure, Distribution Automation, Software and Hardware, Communication technologies, Transmission upgrades, Cyber security
Regional Segment Analysis: North America(U.S.), Europe(UK, France, Germany), Asia-Pacific(China, Japan, India), Latin America(Brazil), Middle East and Africa
Visit Our Blog: https://marketresearchstore2017.wordpress.com
About Us: Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with Vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from Cardinal Industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
3422 SW 15 Street, Suit #8138
Deerfield Beach, Florida 33442
Toll Free: +1-855-465-4651 (USA-CANADA)