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 latest report by emergen research, titled ‘Global smart grid market’, covers the current situation of the smart grid market that has been gravely impacted by the COVID-19 outbreak. The market intelligence report analyzes the pandemic’s drastic impact on the global economy, including the severe disruptions to this business sphere.
Global smart grid market revenue growth is primarily driven by a variety of factors and trends, some of which include rising focus by major companies on product/service expansion into new and untapped domestic and international markets, rising investments in strategic agreements and mergers, and rapidly growing competition in the smart grid market.The coronavirus outbreak has beleaguered the smart grid market business landscape and posed severe threats to the developmental scope of various manufacturers and buyers involved in this sector. The report further discusses the profound impact of the global smart grid market scenario, accompanied by speculations about its post-COVID-19 scenario.
Covid -19 impact analysis:
The latest research report is touted as the first document covering the current market situation that is substantially affected by the COVID-19 outbreak. The pandemic has brought about enormous changes in the global economic landscape, which, in turn, has disrupted the smart grid market industry’s functioning.The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall smart grid market. The report further discusses the profound impact of the global health crisis on the existing market scenario, accompanied by speculations about its post-COVID-19 scenario.
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Summary of the key points of the report:
Report Overview: This section provides data and information pertaining to the key market manufacturers, their product offerings, historical and future timelines considered, and market scope. It further highlights the principal market segments, including product types, application gamut, end-user industries, and regional analysis.
Executive Summary: This section of the report provides an extensive assessment of the competitive landscape, regional mapping, CAGR, and crucial parameters such as key market drivers, restraints, trends, challenges, growth prospects, and other micro- and macro-economic indicators.
COVID-19 Impact Analysis: In this section of the report, our research team has closely investigated the impact of the COVID-19 pandemic on various aspects of the smart grid market industry, including production capacity, consumption rate, demand and supply ratio, import-export status, estimated revenue generation, and market shares of each region.
Company Profiles: This component of the report depicts the company profiles of the leading players participating in the smart grid market industry. The market value & volume, production capacity, product portfolios, and other vital aspects of these players have been assessed in this report.
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
Services Outlook (Revenue, USD Billion; 2017-2027)
Deployment and Integration
Support and maintenance
End User Outlook (Revenue, USD Billion; 2017-2027)
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Top key vendors in smart grid market include are: ABB, General Electric, Siemens, Itron, Aclara, Schneider Electric, Cisco, S & C Electric Company, Oracle, and IBM, among other
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Key questions addressed in the report:
What is the projected growth rate likely to be witnessed by each market region?
Which of the leading smart grid market regions accounts for the maximum market share over the forecast years?
What sales estimates every region is expected to hold in the smart grid market in the near future?
What is each regional segment’s current valuation?
What are the estimated remunerations of these regions over the forecast timeline?
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Smart Grid Market Segmentation & Impact Analysis
4.1. Smart Grid Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
220.127.116.11. Aging power distribution Infrastructures
18.104.22.168. Lower energy prices
22.214.171.124. Increasing investments in the technological developments of the smart grid infrastructure
126.96.36.199. Supportive government regulations and policies
188.8.131.52. Growing awareness regarding increasing carbon dioxide emission levels
4.2.3. Market restraints analysis
184.108.40.206. Low accessibility to electricity in the developing nations
220.127.116.11. High Installation costs of the Smart grid technology
18.104.22.168. Lack of data security and privacy policies
22.214.171.124. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
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