25 Feb

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Smart Grid Market Poised to Grow at a CAGR of 17.5% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Smart Grid Market. The report presents analysis of global as well as regional markets of smart grid market over the period of 2016 to 2024. The conventional electricity system may blackout due to the some electricity disturbances that can majorly affect banking, communications, traffic, and security systems. The smart grid system is able handle the electricity conflicts caused by the storms, earthquakes, large solar flares, and terrorist attacks by allow for automatic rerouting when equipment fails. For instance, The U.S. smart grid plant contains more than 9,200 electric generating units, having more than 1 million megawatts of generating capacity connected to more than 600,000 miles of transmission lines. The benefits offered by the smart grid over the conventional power supply system is the major factor facilitating the growth of the smart grids market worldwide. In addition, the smart grid technology allows customer-owned power generators to produce power when it is not available from utilities. The distribution generation facility provided by the smart grid technology helps hospitals, traffic light, police department and many other system to operate during the emergency situations.


The distribution power generation facility of smart grid is expected to boost the growth of smart grid market. The factors such as favorable government policies, growing Government initiatives for Smart Meter Roll-Outs and rising demand of integration of renewable energy are contributing in the growth of smart grid market.  However, high setup cost and lack of expertise are the factors hampering the growth of smart grid market. Moreover, growing energy infrastructure and trending smart city projects are projected to create the many opportunities for the smart grid market in upcoming years. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global smart grid market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global smart grid market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1560

 

The recent report identified that Asia Pacific dominated the global smart grid market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the smart grid market worldwide.

 

The report segments the global smart grid market on the basis of Technology.

 

Global Smart Grid Market by Technology

·         Advanced Metering Infrastructure

·         Software And Hardware

·         Communication Technologies

·         Distribution Automation

·         Transmission Upgrades

·         Cyber Security

 

Companies Profiled in the Report

·         Siemens

·         Schneider Electric

·         Sensus

·         Silver Spring Networks

·         Aclara

·         Alstom

·         Landis+Gyr

·         Itron

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.