Smart Grid Market may reach at USD 70 billion by 2025

1. Market Research Report EXCLUSIVE EDITION Global Smart Grid Market Research Report Global Industry Analysis, Forecast and Trends, 2021-2027 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

2. Global Global Smart Grid Market Research Smart Grid Market Research Report Report © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 416, East Standsberry Street, Perkins, Oklahoma 74059, USA EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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5. Smart Grid Market may reach at USD 70 billion by 2025 Smart grid market has significant growth scope and is estimated to be valued at USD 70 billion by 2025. The reports forecast the smart grid market by component, technology, end-use industry, and region. It highlights COVID-19 impact on the smart grid industry. Market Overview Smart Grid Market: By Component (Hardware (AMI Meter, Sensors, Networking Hardware, Programmable Logic Controller (PLC)), Software (Advanced Metering Infrastructure, Smart Grid Distribution Management, Smart Grid Network Management, and Others), by Technology (Wired and Wireless), by End-User Industry, and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025) Smart grid market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating in the global market. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region-wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the smart grid industry. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

6. Smart Grid Market Overview The smart grid market is projected to grow with a CAGR of 20.0%, over the forecast period (2020-2025) and valued at a USD 28.1 billion in 2019. Smart grid has generated extraordinary opportunities for the power and energy industry, leading it into a new era of availability, reliability, and efficiency. These factors are expected to accelerate the growth of smart grid market. The benefits associated with smart grid includes faster restoration of electricity after power disturbance, efficient transmission of electricity and improved integration of large-scale renewable energy systems, and among others. Get a Sample PDF copy of the Report: - https://www.marketstatsville.com/request-sample/smart-grid-market-may- reach-at-usd-70-billion-by-2025 Factors affecting the Smart Grid Market over the forecast period The key factors driving the global Smart Grid market are the increasing awareness about carbon footprint and its management and rising share of renewable energy •The governments around the globe are introducing and emphasizing on supportive initiatives and legislative mandates are fuelling the market growth © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

7. •Increasing energy demands and growing concerns about unplanned power outages would accelerate the Smart Grid market growth. By reduced usage, the Smart Grid saves electricity, energy, delivers improved customer services, and more accurate and reliable bills •The upgrading of the aging grid network and infrastructure and the rising need to digitalize the power sector are increasing the overall market growth •Upcoming ventures in smart cities projects in developing regions are creating a variety of growth opportunities for the global Smart Grid market •Rising smart meter upgrades and the emergence of cyber-attacks are further anticipated to provide opportunities to cyber technology companies with the potential to tailor their services to power companies over the coming years •The Smart Grid market is also providing opportunities for conventional energy infrastructure companies to upgrade their network assets with improved features, flexibility, and functionality to integrate with smart technologies •High initial setup and management costs hamper the market growth © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

8. •The development of the Smart Grid market is limited by high setup and initial costs and capital incentives to build the transmission network between the consumers and the smart grid with high maintenance costs. •Moreover, the issue of low energy connectivity in developing regions across the globe and inadequate government policies and regulations, as well as grid capacity extensions and modernization measures, are projected to hinder the market of Smart Grid. The lack of standardization and interoperability also impedes market growth. •A major challenge for key companies in the market is to know and understand the social, economic, and environmental importance of the smart grid information, and create solutions that can aggregate the data and connect the information generated by the smart grid. Impact of COVID-19 on the Global Smart Grid Market The COVID-19 pandemic has disrupted the global Smart Grid market, and companies have been forced to restructure their plans to cope with the pandemic. The world economy is influenced by COVID-19 in various ways: by impacting the supply chain and market, and by its financial effect on companies. Owing to global economic issues and lack of investment in new technologies, several companies have delayed their plans. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

9. Smart Grid Market: Scope of the Report The report outlines the study of the global Smart Grid market on the basis of components, technology, and end-use industry. Based on the component, the smart grid market has been segmented into – Hardware •AMI meter •Sensors •Networking hardware •Programmable logic controller (PLC) •Software •Advanced Metering Infrastructure •Smart Grid Distribution Management •Smart Grid Network Management •Grid Asset Management •Substation Automation © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

10. •Smart Grid Security •Billing •Customer Information System •Services •Consulting •Deployment and Integration •Support and Maintenance Based on technology, the smart grid market is segmented into- Wired •Wireless Based on the end-user industry, the smart grid market is segmented into- Residential •Commercial •Industrial © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

11. Buy an exclusive copy: - https://www.marketstatsville.com/buy-now/smart-grid-market-may-reach-at- usd-70-billion-by-2025 Smart Grid Market: Geographical Outlook The global smart grid market has been segmented into five geographical regions, namely, North America, Asia Pacific, South America, Europe and the Middle East and Africa (MEA). During the forecast period, North America is projected to hold the highest market share and lead the global Smart Grid market, as the region has been highly responsive to the introduction of modern and latest technologies. Moreover, as the region has vast reserves of conventional and renewable energy sources, Asia Pacific is fastest-growing region and projected to have the highest CAGR in the global market over the forecast period. Key Global Smart Grid Market Competitors The global smart grid market is highly fragmented, with the presence of a large number of small players across the globe. The major companies in the global Smart Grid market include – General Electric Company •ABB Limited •Siemens AG •Schneider Electric © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

12. •Itron Incorporated •Landis+Gyr Limited •Aclara Technologies LLC •Cisco Systems Incorporated •Open Systems International Incorporated (OSI) •IBM Corporation •Wipro Limited •Honeywell International Incorporation •Oracle Corporation •S&C Electric Company •Eaton Corporation The smart grid market report provides a thorough analysis of macro-economic factors and the market attractiveness of every segment. The report will include an in-depth qualitative and quantitative assessment of segmental/regional outlook with the presence of the market players in the respective segment and region/country. The information concluded in the report includes the inputs © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

13. Smart Grid Market Regional Analysis Includes: North America (US, Canada, Mexico) •South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America) •Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe) •Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific) •The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA Access full Report Description, TOC, Table of Figure, Chart, etc. https://www.marketstatsville.com/table-of- content/smart-grid-market-may-reach-at-usd-70-billion-by-2025 Smart Grid Market: Target Audience Smart Grid manufacturers © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

14. •Surgical equipment and personal protective equipment manufacturers •Healthcare manufacturers, distributors, and suppliers •Trade publications and magazines •Government authorities, associations, and organizations Key Issues Addressed What is the market size by various segmentation of the smart grid by region and its respective countries? •What are the customer buying behavior, key takeaways, and porter's 5 forces of the smart grid market? •What are the key trends and opportunities for OEMs and tier 1 suppliers in the smart grid market? •What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market? •What and how regulations, schemes, patents, and policies are impacting the growth of the market? •What are the upcoming technology solutions influencing market trends? How will existing service providers adapt to the shift in technology trends? •What will be the impact of cutting-edge autonomous technology on the smart grid market? •What is the impact of covid-19 on the demand and sales of the smart grid in the global market? © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

15. •Detailed analysis of the competitors and their latest launch, and what are the leading startups introduced in the target market? •Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market Request For Report Analysis: - https://www.marketstatsville.com/smart-grid-market-may-reach-at-usd-70- billion-by-2025 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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