Global smart grid market expected to generate revenue of around USD 60.29 billion by 2024, growing at a CAGR of around 10.56% between 2018 and 2024. The increasing investments made for grid digitalization with the help of smart and advanced technologies by business organizations are likely to boost the smart grid market growth in the upcoming years.
Smart Grid Market
The report covers a forecast and an analysis of the smart grid market on a global and regional level. The study provides historical data for 2015, 2016, and 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the smart grid market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the smart grid market on a global level.
In order to give the users of this report a comprehensive view of the smart grid market, we have included a competitive landscape and an analysis of Porter’s Five Forces Model for the market. The study encompasses a market attractiveness analysis, wherein the technology, service, and regional segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to the region.
The study provides a decisive view on the smart grid market by segmenting the market based on technology, ServiceService, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This segmentation includes the demand for smart grid market based on all the segments in all the regions and countries.
Some industry players operating in the global smart grid market include Siemens, ABB, General Electric, Itron, Schneider Electric, Belden, Honeywell, Hubbell, Landis+Gyr, Oracle, Cisco, Fujitsu General, IBM, and Wipro.
This report segments the global smart grid market as follows:
Global Smart Grid Market: Technology Segment Analysis
Global Smart Grid Market: Service Segment Analysis
Global Smart Grid Market: Regional Segment Analysis