About Smart Grid Networking
A smart grid networking refers to the electricity network based on digital technology that is used to supply electricity to consumers via two-way digital communication. This system enables for monitoring, analysis, control, and communication in the supply chain to assist improve efficiency, reduce energy consumption and cost, and maximize the transparency and reliability of the energy supply chain.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Billion) |
CAGR | 9.8% |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Smart Grid Networking market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB Ltd (Switzerland), Cisco Systems Inc. (United States), Eaton Corporation PLC (Ireland), General Electric Co. (United States), Itron Inc. (United States), Oracle Corporation (United States), Osaki Electric Co. Ltd (Japan), S&C Electric Company Inc. (United States), Schneider Electric SE (France), Siemens AG (Germany) and Hitachi Ltd (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Smart Grid Networking market by and Region.
On the basis of geography, the market of Smart Grid Networking has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Network Planning will boost the Smart Grid Networking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Hardware, the sub-segment i.e. Controllers will boost the Smart Grid Networking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Software, the sub-segment i.e. IP Address Management will boost the Smart Grid Networking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Use of IoT, Cloud Computing, and Blockchain Technologies
Market Growth Drivers:
The Rise in Smart Grid Deployments, Push For Interoperability and Standardization, Change Out Of Legacy Telephone Company Connections, Growing Awareness among Consumers about the Advantages of Smart Grid Networking and Unique Communications Standards Being Used In a Variety of Ways in Smart Grid
Restraints:
High Cost of the Installations and Lack of Better Energy Management
Opportunities:
Advanced Metering Infrastructure and Dual-Way and Real-Time Communication and Emerging Demand from Developing Regions
Recently, S&C Electric Company, a smart grid leader improving power reliability and delivery worldwide, has announced the launch of the Scada-Mate SD Switching System, a non-SF6, an environmentally friendly solution designed to improve reliability while reducing greenhouse gases on the distribution grid.
Key Target Audience
Smart Grid Networking Hardware Manufacturers, Smart Grid Networking Software Companies, Smart Grid Networking Services Providers, Technology Investors, Regulatory & Government Bodies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.