Smart Grid Technology Market Size - Forecasts to 2026

1. Global Smart Grid Technology Market – Forecasts to 2026 According to a new market research report published by Global Market Estimates, the Smart Grid Technology Market is summarized to register a prominent augmentation in CAGR by 21.1% during the forecast period (2020-2026). A smart grid is an electric grid that involves types of operations and energy propositions including smart meters, smart appliances, renewable energy resources, and energy-efficient resources. Few of the privileges of smart grid technology are the efficient transmission of electricity, faster recovery of electricity post power disruptions, lower operational management, and cheaper utility cost administration eventually resulting in lower power prices for customers. Initial installation expenses and network congestion during a two-way communication can be the limitations of the smart grid technology. The smart grid technology can be applied to energy grid networks, gas consumption networks, and water distribution networks respectively. Many countries have employed grid infrastructure for utility administration which has acted as a supportive element during the COVID-19 pandemic times and has established the market is hereabouts to endure and has been analyzed to project an incredible growth in the forthcoming years. Demand in up-gradation of existing grid networks, initiatives towards smart city development, and oblige in the reduction of fault in power transmissions are the drivers steering advance the smart grid technology market Browse 158 Market Data Tables and 113 Figures spread through 179 Pages on "Smart Grid Technology Market - Forecasts to 2026" https://www.globalmarketestimates.com/market- report/smart-grid-technology-market-2442 By Type of Components (Software [Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Network Management, Substation Automation, Grid Asset Management, Smart Grid Security, and Others] and Hardware [Smart Meter]), By Type of Network Operation (Outage Management Systems (OMS), SCADA, Demand Management Systems (DMS), Geographical Management Systems (GMS), and Energy Management Systems (EMS)), By Type of Services (Consulting, Deployment & Integration, and Support & Maintenance), By Type of Application (Generation, Transmission, Distribution, and Consumption), By Type of Region (NA [North America], Europe, APAC [Asia Pacific], MEA [the Middle East & Africa], and CSA [Central & South America]), End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis Key Market Insights: The smart grid technology market will show tremendous growth with a CAGR value of 22.1% during 2020-2026. SCADA in the smart grid technology market is seen to dominate the market from 2020 to 2026. Deployment & integration iswitnessed to rise at a significant rise in CAGR% in the smart grid technology market. Amongst all the regions across the globe, APAC is expected to have the highest growth over the coming years.

2. General Electric Company, Siemens AG, ABB, Schneider Electric, Itron, Landis+Gyr, Aclara Power-Line Systems Inc., Cisco Systems Inc., OSI Systems Inc., IBM Corporation, International Inc., Oracle Corporation, S&C Electric Company, Eaton Corporation plc, Kamstrup, Trilliant Holdings Inc., Globema, Tech Mahindra Ltd., Intuitive Surgical Inc., Enel X North America Inc., eSmart Systems AG, Tanatalus, EsyaSoft Technology, Grid4C Ltd., C3.ai, and other industries are the predominant performers in the global smart grid technology market. Wipro Ltd., Honeywell Browse https://www.globalmarketestimates.com/market-report/smart-grid-technology-market-2442 the smart grid technology market report @ Type of Components Outlook (Revenue, USD Million, 2020 - 2026) Software Advanced Metering Infrastructure Smart Grid Distribution Management Smart Grid Network Management Substation Automation Grid Asset Management Smart Grid Security Other Softwares Hardware Smart Meter Type of Network Operation Outlook (Revenue, USD Million, 2020 - 2026) Outage Management Systems (OMS) SCADA Demand Management Systems (DMS) Geographical Management Systems (GMS) Energy Management Systems (EMS) Type of Services Outlook (Revenue, USD Million, 2020 - 2026) Consulting Deployment & Integration Support & Maintenance Type of Application Outlook (Revenue, USD Million, 2020 - 2026) Generation Transmission Distribution Consumption Regional Outlook (Revenue, USD Million, 2020 - 2026) North America

3. The U.S. Canada Mexico Europe Germany UK France Spain Italy Rest of Europe Asia Pacific China India Japan South Korea Australia Rest of APAC Central & South America Brazil Argentina Chile Rest of CSA Middle East & Africa Saudi Arabia South Africa UAE Rest of MEA Contact: Yash Jain Email address: sales@globalmarketestimates.com Phone Number: +16026667238 Website: https://www.globalmarketestimates.com/ Check our Latest Blogs: https://www.globalmarketestimates.com/blog-posts.php