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Smart grid market $ 50.65 bn by 2022 according to new research report

Industrial Market Research

Smart Grid Market by Software (AMI, Smart Grid Distribution Management, Smart Grid Communication, Grid Asset Management, Substation Automation, and Billing and Customer Information System), Hardware, Service, and Region

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Government policies, legislative mandates, and regional government initiatives for smart meter roll-outs are driving the smart grid market

The smart grid market size is estimated to grow from USD 20.83 billion in 2017 to USD 50.65 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 19.4%. The market is driven by factors the availability of hardware and connectivity devices at affordable cost, rising need for real-time information system, government policies and legislative mandates, regional government initiatives for smart meter roll-outs, increasing demand for integration of renewable energy sources, and increasing awareness about carbon footprint management.

However, the utility operators face various obstacles while adopting smart grid solutions, such as security concerns, data protection, and lack of a standardized and uniform technology for smart grid.

Smart grid communication software is expected to have the fastest growth rate during the forecast period

The software enables networking abilities in electricity distribution system for improving operations, maintenance, and planning by enabling two-way communication between different components of the utility grid involved in generation, transmission, and distribution.

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The networking hardware and software work together to form a mesh network, enabling a utility grid with intelligent features such as substation automation, distribution automation, energy management, real-time control, self-healing, and increased reliability and security. 


Smart Grid Market Analysis, By Hardware
AMI Meter
Networking Hardware
Programmable Logic Controller

Smart Grid Market Analysis, By Service
Deployment and Integration
Support and Maintenance 

Fundamentals of Table of Content: 

6 Smart Grid Market Analysis, By Software
6.1 Introduction
6.2 Advanced Metering Infrastructure
6.2.1 Meter Data Management
6.3 Smart Grid Distribution Management
6.3.1 Supervisory Control and Data Acquisition
6.3.2 Demand Response and Outage Management
6.4 Smart Grid Communication
6.4.1 Network Traffic Management
6.4.2 Network Device Management
6.4.3 Network Configuration Management
6.5 Grid Asset Management
6.6 Substation Automation
6.7 Billing and Customer Information System 


11 Company Profiles

(Business Overview, Products, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments)*
11.1 General Electric Company
11.2 ABB Ltd.
11.3 Siemens AG
11.4 Schneider Electric Sa
11.5 Itron, Inc.
11.6 Landis+GYR
11.7 Aclara Technologies LLC
11.8 Cisco Systems, Inc.
11.9 Open Systems International, Inc.
11.10 International Business Machines Corporation
11.11 Wipro Limited
11.12 Oracle Corporation 

*Details on Overview, Products, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments Might Not Be Captured in Case of Unlisted Companies.

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