Smart Grid Market Booming Worldwide with Business Opportunities with leading pla

1. Smart Grid Market Report 2019-2027 www.emergenresearch.com The aging power distribution infrastructure and the increasing investments in the technological advancements of the smart grid systems are driving the demand of the market.

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5. Market Summary The global Smart Grid Market will be worth USD 122.97 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing initiatives of the government to adopt renewable sources of energy and reduce the carbon dioxide emission levels. Besides, the increasing supportive policies and regulations of the government regarding the adoption of the smart grid technologies is expected to boost the market growth over the forecast period. The emergence of smart cities increases the need for advanced smart grid technologies, which is most likely to propel the industry's growth. The lower operating cost of the advanced metering technologies is a key contributing factor to the increasing demand of the system. The market players are investing in the research and development to produce more technologically advanced systems. The smart grid technology is expected to generate more accurate electricity bills compared to traditional power systems. Besides, automatic self-healing and easy fault detections are some of the factors driving the demand of the system. www.emergenresearch.com

6. Market Summary • Some Key Highlights From the Report • In October 2019, ABB completely acquired a majority stake in Chargedot Shanghai New Energy Technology Co., Ltd. The Shanghai-based company provides AC and DC charging stations. The acquisition strengthened the relationship between leading Chinese EV manufacturers and ABB. • The Smart Grid distribution Management segment held the largest market share of 41.0% in the year 2019 as it can optimize the renewal energy distribution while minimizing the electricity bills for the customers. • The Deployment and Integration segment is forecasted to grow with the fastest CAGR of 20.6% over the forecast period due to the increasing requirement in the technological advancements of the traditional power systems. • Request Free Sample Copy@https://www.emergenresearch.com/request-sample/198 www.emergenresearch.com

7. Market Summary • Some Key Highlights From the Report • The Commercial segment accounted for the largest market share in 2019 due to the increasing adoption of the advanced metering infrastructure by the commercial segment. • North America dominated the smart grid market in 2019 due to the increasing investment in the technological advancements of the smart grid system. • The Asia Pacific region is expected to be the fastest-growing region over the forecast period due to the rising need for clean energy sources. • Key participants include ABB, General Electric, Siemens, Itron, Aclara, Schneider Electric, Cisco, S & C Electric Company, Oracle, and IBM, among others. • Request Free Sample Copy@https://www.emergenresearch.com/request-sample/198 www.emergenresearch.com

8. Market Summary • Emergen Research has segmented the global Smart Grid Market on the basis of Technology, Services, End User, and region: • Technology Outlook (Revenue, USD Billion; 2017-2027) • Smart Grid Distribution Management • Advanced Metering Infrastructure • Smart Grid Network Management • Smart Grid Security • Others • Services Outlook (Revenue, USD Billion; 2017-2027) • Deployment and Integration • Consulting • Support and maintenance • End User Outlook (Revenue, USD Billion; 2017-2027) • Commercial • Industrial • Residential • Read More@https://www.emergenresearch.com/industry-report/smart-grid-market

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10. Regional Share Dynamics www.emergenresearch.com

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12. About Us At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade. Our expertise umbrellas the technological environment of all major industries, and our services help you map your actions to ensure optimal yield. Our analysts utilize their market proficiency to offer actionable insights that help our clients implement profitable strategies and optimize their return on investment. Our services are wide-ranging, right from technological environment analysis to technological profiling that highlights the existing opportunities in the market you can capitalize on to stay ahead of your competitors. www.emergenresearch.com

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