The global smart grid market is growing at a CAGR of 22.0% during the forecast period. Smart grid market is increasing rapidly due to the uses of power-hungry devices which is boosting electricity consumption tremendously. A smart grid uses analog and digital information technology. Smart grids are useful for electricity transmission and can be used for electricity restoration at the time of power disturbance. The smart grid works on the principle of two-way digital communication based on electricity network on digital technology, it connects utility to the customer. This system is primarily used for controlling, analyzing and monitoring communications.


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The global smart grid market is growing at a CAGR of 22.0% during the forecast period. Smart grid applies metering, communications and control technologies for the generation, transmission lines, feeders’ substations, and on-premises technologies. The factors that propel the market growth are increased adoption of technologically advanced products and rising investments, government initiative and supporting policies are estimated to be one of the major factors that are felling the growth of the smart grid market. Some of the prominent projects initiated by the government include the Salt River Project, Advanced Grid Intelligence and Security (AGIS) initiative, Energy AMI, grid SMART Phase-2, First Energy Distribution Platform Modernization, and many others.


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Global smart grid market – Segmentation
Market Segmentation

Global Smart Grid Market by Product


Software
 Advanced Metering Infrastructure
 Smart Grid Distribution Management
 Smart Grid Security
 Grid Asset Management
 Billing and Customer Information System

Hardware
 Smart Meters
 Sensors
 Programmable Logic Controllers (PLC)
 Others


Service
 Consulting
 Support and Maintenance
 Others


Company Profiles

 ABB, Ltd.
 Aclara Technologies, LLC
 Adesto Technologies Corp.
 Alstom SA
 BPL Global, Ltd.
 Cisco Systems, Inc.
 Eaton Corp.
 Enphase Energy, Inc.
 General Electric Co.
 GIPRO GmbH
 Honeywell International, Inc.
 IBM Corp.
 Itron, Inc.
 Landis+Gyr AG
 Nexgrid LLC
 Open System International, Inc.
 Oracle Corp.
 S&C Electric Co.
 Schneider Electric SE
 Sensus, a company of Xylem, Inc.
 Siemens AG
 Stem, Inc.
 Sunverge Energy, Inc.
 Tendril Networks, Inc.7.25.Toshiba Corp.

Global smart grid market – Segmentation by Region

North America

• United States
• Canada


Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe


Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific


Rest of the World

• Middle East & Africa
• Latin America


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