The smart grid represents a modern evolution of traditional power distribution systems, harnessing digital technology and data analytics to revolutionize the way electricity is generated and delivered. By integrating renewable energy sources such as solar and wind, it reduces reliance on fossil fuels and minimizes environmental impact. Real-time monitoring and control capabilities enable operators to respond swiftly to fluctuations in demand and supply, resulting in improved grid stability and reliability.

Data Bridge Market Research analyses that the global smart grid market which was USD 35.6 billion in 2022, is expected to reach USD 137.17 billion by 2030, and is expected to undergo a CAGR of 18.72% during the forecast period of 2023 to 2030.  “Component type” segment is dominating the because by type components are critical for applications like power electronics, amplification, and signal processing, making them a dominant force in the market. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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The global smart grid market is segmented on the basis of component, technology, applications, communication network and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Components

• Hardware

• Software

• Services

Technology

• Wired

• Wired-less

Applications

• Meter Hardware

• Communications and Networking

• Power Quality Equipment and Technologies

Communication Network

• Wide Area Network (WAN)

• Home Area Network (HAN))

End-User

• Residential

• Commercial

• Government

• Industrial

Highlight of Table of Content:

·        Chapter 1: Market overview

·        Chapter 2: Smart Grid Market Analysis

·        Chapter 3: Environment of Smart Grid Market

·        Chapter 4: Market segmentation based on types and applications

·        Chapter 5: Revenue analysis based on types and applications

·        Chapter 6: Market share

·        Chapter 7: Competitive Landscape

·        Chapter 8: Drivers, Restraints, Challenges, and Opportunities

·        Chapter 9: Gross Margin and Price Analysis

Some of the major players operating in the global smart grid market are:

• ABB (Switzerland)

• General Electric (U.S.)

• ABB (Switzerland)

• Siemens (Germany)

• Schneider Electric (France)

• Itron (U.S.)

• Cisco Systems, Inc. (U.S.)

• IBM (U.S.)

• Oracle (U.S.)

• Honeywell International (U.S.)

• Eaton (US.)

• Tech Mahindra Limited. (India)

• TANTALUS SYSTEMS CORP (Canada)

• Mitsubishi Electric Corporation (Japan)

• SAP (Germany)

• Wipro (India)

• Trilliant Holdings Inc. (U.S.)

• Globema (Poland)

• Kamstrup (Denmark)

• Xylem. (U.S.)

• Enel X S.r.l. (Italy)

Profound Questions Answered in this Report:

·       What is the growth rate of various stages in the value chain of the industry?

·   Which region has the highest growth rate and size of the emerging market by value in 2022?

·   Who are the competitive players in Global Smart Grid Market?

·   Which region has the largest share and degree of competition in the industry?

·   What is the CAGR of the market during the forecast period 2023 to 2029?

·   Which region is expected to hold the highest market share for the market?

·   What is the main driver of the Global Smart Grid Market?

·   What is sales volume, revenue, and price analysis of top players of the market?

·   What are the market opportunities and threats faced by the vendors in the industry?

·   What has been the impact of COVID-19 on the Global Smart Grid Market?

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