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Global Smart Grid Market is Expected to Reach Around USD 120.0 billion by 2020 Business Articles | July 15 Cheap Tony Bradley Jersey , 2016

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% by 2020



Zion 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 Cheap Dante Exum Jersey , Comprehensive Analysis, and Forecast, 2014-2020.” According to the report, globalsmart 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.


Browse the full "Smart Grid (Advanced Metering Infrastructure, Distribution Automation Cheap Alec Burks Jersey , Software & Hardware, Communication Technologies, Transmission Upgrades and Cyber Security) Market: Global Industry Perspective, Comprehensive Analysis, Size, Share Cheap Jonas Jerebko Jersey , Growth, Segment, Trends and Forecast, 2014 – 2020" report at?http:www.marketresearchstorereportsmart-grid-market-z40255


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 Cheap Joe Johnson Jersey , and monitoring are major aspects of smart grid. A smart grid includes several instruments and appliances that works together to scrutinize the flow of current. Smart grid effectively measure 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 process huge data.


Loss of electricity during transmission and distribution has been 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, high cost of installation is expected to hamper the growth of smart grid industry to some extent.


Advanced metering infrastructure, distribution automation Cheap Rodney Hood Jersey , 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.


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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 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 Cheap Pete Maravich Jersey , Comverge, eMeter, GridPoint, Inc., Landis+Gyr, Schneider Electric Cheap Karl Malone Jersey , Schweitzer Engineering Laboratories, Inc. (SEL), Sensus, and Siemens.


The report segments the global smart grid market as:


Smart Grid Market: Technology Segment Analysis

Advanced metering infrastructure Distribution automation Software and hardware Communication technologies Transmission upgrades Cyber security

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Smart Grid Market: Regional Segment Analysis

North America U.S. Europe Germany UK France Asia Pacific China Japan India Latin America Brazil Middle East and Africa

About Us


Zion Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather Cheap Jeff Hornacek Jersey , and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.


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