Smart Grid Market to Witness a Pronounce Growth During 2018 to 2026

The global market for smart grid demonstrates a considerably fragmented business landscape, states a new research report by Transparency Market Research (TMR). Schneider Electric, Aclara, Alstom, GridPoint Inc., Siemens, Schweitzer Engineering Lab Inc. (SEL), Itron, Sensus, Silver Spring Networks, Landis+Gyr, Comverge, and eMeter are some of the key players in the global smart grid market, reports the market study.

Planning to lay down strategy for the next few years? Our report can help shape your plan better

According to the research report, the global smart grid market that projects the market to attain a value of US$118.1 billion by 2019, expanding at a CAGR of 18.2% between 2013 and 2019. Based on technology, the segment of transmission upgrades accounted for the leading position in the global market in 2012. The advanced metering infrastructure segment and the distribution automation technologies segment stood at the second and third position in the smart grid industry across the world, states the research report.

Asia Pacific to Remain Dominant

The geographical analysis of the global market for Smart grid is also presented in this research report. As per the report, North America, Europe, Asia Pacific, and Rest of the World are the main regional markets for the smart grid, across the globe. Asia Pacific dominated the global market for smart grid in 2012, holding over 45% of the total share in the global smart grid industry. The region is projected to seize additional market share by 2019; however, the regional rankings based on the market share are not likely to change over the forecast period, states the market report.

Are you a start-up willing to make it big in the business? Grab an exclusive sample of this report here

Rising Demand for Power Supply in Asia pacific to Support Market’s Growth

“The market for smart grid is showing healthy growth attributed to the rising demand for power supply in Asia pacific triggered by the decline in transmission and loss in distribution,” says a TMR analyst. Policies and regulations passed by the governments of various economies in North America and Asia Pacific, heightened efficiency, increased, quality, dependability, and security of power supplied are other factors propelling the smart grid industry across the world.

Get a PDF Brochure Detailing about the current size & value of the market with all other necessary information

On the other hand, the high cost of smart grid deployment of the entire smart grid network is the major challenge of the global smart grid industry. Further, the shortage of interoperability standards is also adding to the problems the market is facing. Meeting a common consensus is significant for the development of any industry. But, in the smart grid industry, every economy has its own mandates and regulations forcing various service providers to employ different standards of operating based on the geography, in which the enterprise exist. This factor leads to a slower acceptance of smart grid technology, which results in hampering the market growth, notes the research study.

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:
http://www.transparencymarketresearch.com
Research Blog:
http://www.europlat.org/

Latest

IPTV UK: The Latest News And Updates

If you’re looking for the latest news and updates...

Is Khon Kaen In Thailand Suitable For Expat Families With Children?

Are you looking to relocate your family to Thailand...

Exploit the Best Bitcoin Trading Strategies

Have you ever wondered why few are successful while...

What Is A Clevo Pa71?

The clevo pa71 is a 17. Three-inch gaming pc...

Newsletter

spot_img

Don't miss

IPTV UK: The Latest News And Updates

If you’re looking for the latest news and updates...

Is Khon Kaen In Thailand Suitable For Expat Families With Children?

Are you looking to relocate your family to Thailand...

Exploit the Best Bitcoin Trading Strategies

Have you ever wondered why few are successful while...

What Is A Clevo Pa71?

The clevo pa71 is a 17. Three-inch gaming pc...

Should I Allow My Children to Access the Internet?

The internet is loaded with a large number of...
Admin
Adminhttps://dailybn.com/
Dailybn- Owned by | Wahad Butt From Pakistan. Email : annaconda092@gmail.com Hey We are outreach Blogger we will promote your website by premium guest posting service to grow your authority , Why We Are Different? Our blog posting administrations We offer the most serious estimating in the business that isn't just moderate yet additionally powerful.
spot_imgspot_img

IPTV UK: The Latest News And Updates

If you’re looking for the latest news and updates on IPTV UK, you’ve come to the right place. In this blog post, we will...

Is Khon Kaen In Thailand Suitable For Expat Families With Children?

Are you looking to relocate your family to Thailand but you can’t quite decide which location is best suited to your children? For example,...

Exploit the Best Bitcoin Trading Strategies

Have you ever wondered why few are successful while many struggles to profit? We have laid down a few Bitcoin trading strategies to help...