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Smart Grid Market to be Worth US$73.316 billion in 2024

The smart grid market is projected to grow at a CAGR of 23.62% during the forecast period, reaching a total market size of US$73.316 billion in 2024 from US$20.540 billion in 2018. Smart grids provide electricity supply with digital communication technology which ensures better power distribution with less power loss and less economical.

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Smart Grid Market to be Worth US$73.316 billion in 2024

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  1. Smart Grid Market Forecast From 2019 to 2024

  2. DESCRIPTION Smart grid market is projected to grow at a CAGR of 23.62% during the forecast period, reaching a total market size of US$73.316 billion in 2024 from US$20.540 billion in 2018. The smart grid is an electricity supply network that uses digital communications technology to detect and react to local changes in usage. 

  3. Key Questions Answered By The Report • What will be theSurgical Mask Market from 2019 to 2024? • How are the major drivers and restraints affecting the Smart Grid Market. • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth

  4. Segments Covered Under Smart Grid Market are : • By Component  • Hardware • Software • Services

  5. Geography • North America • United States • Canada • Mexico • Others • South America • Brazil • Argentina • Others

  6. Geography Europe • Germany • France • Italy • United Kingdom • Others Middle East and Africa • Israel • Saudi Arabia • UAE • Others Asia Pacific • Japan • China • India • Others

  7. COMPANY PROFILES • Schneider Electric SE • Duke Energy Corporation • General Electric Company • ABB Limited • Siemens AG • IBM Corporation • Hitachi, Ltd. • Landis+Gyr • S&C Electric Company • Networked Energy Services

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