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Global Smart Grid Market Insights & Outlook, 2024 - ResearchAndMarkets.com

November 22, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Nov 22, 2019--

The “Smart Grid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The global smart grid market is expected to grow at a CAGR of around 16% during 2019-2024.

Growing energy demand across the globe, along with rapid urbanization and the emerging trend of digitalization, is one of the key factors driving the market growth.

Smart grids are being utilized for renovating the existing grid infrastructure and introducing software-based architecture in emerging nations. Furthermore, the proliferation of distributed energy sources such as photovoltaic (PV), geothermal and hydroelectric power is favoring the market growth. These sources allow on-site generation and storage of electricity through microgrids and various connected devices.

Additionally, the integration of smart grids with cloud technology has facilitated the analysis of current energy usage and pattern monitoring to address the concerns regarding environment protection and energy conservation.

Other factors, including favorable government policies, the development of smart cities across the globe and an increasing number of research and development (R&D) activities, are projected to drive the market further.

Key Questions Answered in this Report

Key Topics Covered

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Smart Grid Market

5.1 Market Overview

5.2 Market Performance

5.3 Market Breakup by Component

5.4 Market Breakup by End-User

5.5 Market Breakup by Region

5.6 Market Forecast

6 Market Breakup by Component

6.1 Software

6.2 Hardware

6.3 Services

7 Market Breakup by End-User

7.1 Residential

7.2 Commercial

7.3 Industrial

8 Market Breakup by Region

8.1 Asia Pacific

8.2 Europe

8.3 North America

8.4 Middle East and Africa

8.5 Latin America

9 SWOT Analysis

9.1 Overview

9.2 Strengths

9.3 Weaknesses

9.4 Opportunities

9.5 Threats

10 Value Chain Analysis

11 Porter’s Five Forces Analysis

11.1 Overview

11.2 Bargaining Power of Buyers

11.3 Bargaining Power of Suppliers

11.4 Degree of Competition

11.5 Threat of New Entrants

11.6 Threat of Substitutes

12 Competitive Landscape

12.1 Market Structure

12.2 Key Players

12.3 Profiles of Key Players

12.3.1 CISCO Systems

12.3.2 IBM Corporation

12.3.3 Siemens AG

12.3.4 Schneider Electric

12.3.5 Wipro

12.3.6 General Electric

12.3.7 Honeywell

12.3.8 Oracle Corporation

12.3.9 ABB

12.3.10 Itron

12.3.11 Fujitsu

12.3.12 Eaton

12.3.13 Tantalus

12.3.14 eSmart Systems

For more information about this report visit https://www.researchandmarkets.com/r/ab52zy

View source version on businesswire.com:https://www.businesswire.com/news/home/20191122005211/en/

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KEYWORD:

INDUSTRY KEYWORD: ALTERNATIVE ENERGY ENERGY UTILITIES

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 11/22/2019 06:39 AM/DISC: 11/22/2019 06:39 AM

http://www.businesswire.com/news/home/20191122005211/en