Smart Grid Market - Challenges, Key Vendors, Drivers, Trends and Segments by Forecast to 2027
Market Highlights:
Smart Grid
is a modernized electrical grid system which purely operates on analog and
digital information and communications technology. The main function of Smart
Grid is to monitor, gather the data, and analyze the data, control and
communication in digitalized form.
Besides the one way communication in
traditional grid system, smart grid system provides two way communications.
Infrastructure development is one of the major factors which is driving the
market of smart grid.
Major Key
players
·
Cisco
Systems (U.S.)
·
IBM (U.S.)
·
Silver
Springs Networks (U.S.)
·
Itron (U.S.)
·
S&C
Electric Company (U.S.)
·
Opower
(U.S.)
·
Schneider
Electric (France)
·
Siemens AG
(Germany)
·
devolo AG
(Germany)
·
ABB
(Switzerland)
Industry
News
·
In June
2016, ABB announced that they have successfully started 648 MW solar project in
India.
·
In February
2016, S&C Electric Company and Tantalus Corp announced that they will work
together to support layered communication for grid optimization.
·
In the February
2016, devolo AG announced the collaboration with Eichhoff Kondensatoren GmbH
for developing new data communication product.
The main factor which is driving the market
is technological advancement and need of more stable electricity network in the
country. Europe is closely following the North America. High government
participation in the area of electricity and power generation in the European
countries are some major factor driving the market in the Europe.
The report for Smart
Grid Market of Market Research Future
comprises of extensive primary research along with the detailed analysis of
qualitative as well as quantitative aspects by various industry experts, key opinion
leaders to gain the deeper insight of the market and industry performance.
Study
Objective of Smart Grid Market
·
To provide
detailed analysis of the market structure along with forecast of the various
segments and sub-segments of the Global Smart Grid Market
·
To provide
insights about factors affecting the market growth
·
To analyze
the hydroponics market based on various factors- price analysis, supply chain
analysis, porter’s five force analysis etc.
·
To provide
historical and forecast revenue of the market segments and sub-segments with
respect to four main geographies and their countries- North America, Europe,
Asia, and Rest of the World (ROW)
·
To provide
country level analysis of the market with respect to the current market size
and future prospective
·
To provide
country level analysis of the market for segment by software & hardware, by
sensor, by storage technology by communication network and sub-segments.
·
To provide
strategic profiling of key players in the market, comprehensively analyzing
their core competencies, and drawing a competitive landscape for the market
·
To track and
analyze competitive developments such as joint ventures, strategic alliances,
mergers and acquisitions, new product developments, and research and
developments in the Global Smart Grid Market
Market
Segmentation
Segmentation
by Software & Hardware:
·
Distribution
Management System,
·
Power System
Planning & Data Management,
Segmentation
by Sensor:
·
Current and
Voltage Sensors,
·
Optical
sensor HAN sensors.
Segmentation
by Storage Technology:
·
Air Energy
Storage & Batteries (Sodium-Sulfur (Nas),
·
Nickel-Cadmium
(Nicd),
·
Lithium-Ion
Technologies (Li-Ion),
·
Advanced
Lead-Acid (Pb-Acid)
Segmentation
by Communication Network:
·
HAN (Home
Area Network)
·
WAN.

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