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Smart Grid Market by Software, Hardware, Service & Region - Global Forecast to 2022 - Research and MarketsThe "Smart Grid Market - Global Forecast to 2022" report has been added to Research and Markets' offering. The smart grid market size is estimated to grow from USD 20.83 billion in 2017 to USD 50.65 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 19.4%. The market is driven by factors the availability of hardware and connectivity devices at affordable cost, rising need for real-time information system, government policies and legislative mandates, regional government initiatives for smart meter roll-outs, increasing demand for integration of renewable energy sources, and increasing awareness about carbon footprint management. However, the utility operators face various obstacles while adopting smart grid solutions, such as security concerns, data protection, and lack of a standardized and uniform technology for smart grid. The software enables networking abilities in electricity distributio system for improving operations, maintenance, and planning by enabling two-way communication between different components of the utility grid involved in generation, transmission, and distribution. The networking hardware and software work together to form a mesh network, enabling a utility grid with intelligent features such as substation automation, distribution automation, energy management, real-time control, self-healing, and increased reliability and security. Companies Mentioned
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Smart Grid Market Overview and Industry Trends 6 Smart Grid Market Analysis, By Software 7 Smart Grid Market Analysis, By Hardware 8 Smart Grid Market Analysis, By Service 9 Smart Grid Market, Geographical Analysis 10 Competitive Landscape 11 Company Profiles For more information about this report visit https://www.researchandmarkets.com/research/2cldfk/smart_grid_market View source version on businesswire.com: http://www.businesswire.com/news/home/20170727005765/en/ |
