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The global smart grid market is growing at a CAGR of 22.0% during the forecast period. Smart grid market is increasing rapidly due to the uses of power-hungry devices which is boosting electricity consumption tremendously
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Global smart grid market Size & Trends Shows a Rapid Growth by 2027 The global smart grid market is growing at a CAGR of 22.0% during the forecast period. Smart grid market is increasing rapidly due to the uses of power-hungry devices which is boosting electricity consumption tremendously. A smart grid uses analog and digital information technology. Smart grids are useful for electricity transmission and can be used for electricity restoration at the time of power disturbance. The smart grid works on the principle of two-way digital communication based on electricity network on digital technology, it connects utility to the customer. This system is primarily used for controlling, analyzing and monitoring communications. (Get 15% Discount on Buying this Report) Get Report Sample Copy @ https://www.omrglobal.com/request-sample/smart-grid-market-size The global smart grid market is growing at a CAGR of 22.0% during the forecast period. Smart grid applies metering, communications and control technologies for the generation, transmission lines, feeders’ substations, and on-premises technologies. The factors that propel the market growth are increased adoption of technologically advanced products and rising investments, government initiative and supporting policies are estimated to be one of the major factors that are felling the growth of the smart grid market. Some of the prominent projects initiated by the government include the Salt River Project, Advanced Grid Intelligence and Security (AGIS) initiative, Energy AMI, grid SMART Phase-2, First Energy Distribution Platform Modernization, and many others. https://www.omrglobal.com/industry-reports/smart-grid-market-size A Full Report of Global Global smart grid market is Available at: Global smart grid market – Segmentation Market Segmentation Global Smart Grid Market by Product
Software Advanced Metering Infrastructure Smart Grid Distribution Management Smart Grid Security Grid Asset Management Billing and Customer Information System Hardware Smart Meters Sensors Programmable Logic Controllers (PLC) Others Service Consulting Support and Maintenance Others Company Profiles ABB, Ltd. Aclara Technologies, LLC Adesto Technologies Corp. Alstom SA BPL Global, Ltd. Cisco Systems, Inc. Eaton Corp. Enphase Energy, Inc. General Electric Co.
GIPRO GmbH Honeywell International, Inc. IBM Corp. Itron, Inc. Landis+Gyr AG Nexgrid LLC Open System International, Inc. Oracle Corp. S&C Electric Co. Schneider Electric SE Sensus, a company of Xylem, Inc. Siemens AG Stem, Inc. Sunverge Energy, Inc. Tendril Networks, Inc.7.25.Toshiba Corp. Global smart grid market – Segmentation by Region North America • United States • Canada Europe • Germany • United Kingdom • France • Spain • Italy • Rest of Europe Asia-Pacific • China
• Japan • India • Rest of Asia-Pacific Rest of the World • Middle East & Africa • Latin America For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report- customization/smart-grid-market-size Reasons to Buying From us – • We cover more than 15 major industries, further segmented into more than 90 sectors. • More than 120 countries are for analysis. • Over 100+ paid data sources mined for investigation. • Our expert research analysts answer all your questions before and after purchasing your report. About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research- based services. Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: anurag@omrglobal.com Contact no: +91 780-304-0404