Global Smart Grid Communications Market Overview
Smart Grid Communications Market report published by Prophecy Market Insights offers holistic view of various influencing factors and aims to answer all the target market related questions.
Growth in adoption of smart grid technology to improve efficiency in energy conservation and consumption. For instance, according to a data published by Federation of American Scientists in 2018, from 2010 to 2015, $3.4 billion in SGIG granted supported 99 projects resulting in $8 billion in grid modernization. However, high installation cost may hamper the target market growth over the forecast period. Nevertheless, varied technological advancements in the communications technologies along with long term profit is anticipated to create lucrative growth opportunities for the target market growth.
Prophecy Market Insights provides detailed analysis on the target market. The report covers market analysis - by product type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. This report contains detailed analysis about drivers, restraints, opportunities, ongoing trends, customer demand, product launches, and region analysis for the target market. In addition, the report delivers competitive analysis regarding key players in the global smart grid communications market based on various parameters including company overview, product portfolio, market presence, financial performance, key developments, and future strategies.
Report analysis would support management authorities as well as marketers of the companies to make right decision for building business strategies, market expansion, product launches, understanding demand and supply. Significant strategy matrices include but not limited to in the report are PEST analysis, PORTER’s five forces analysis, driver and restraint impact analysis, market opportunity analysis, and market specificity analysis.
Global Smart Grid Communications Market Segmentation:
-By Product Type:
- Wired Communications System
- Wireless Communications System
-By Application:
- Residential Sector
- Commercial Sector
-By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key players operating in the global smart grid communications market include, Itron, Landis Gyr, Inc., Echelon Corp., Sensus USA, Inc., Silver Spring Networks, Inc., and ABB, Ltd.
Chapters covered in this report are:
Chapter 1: Table of Contents
Chapter 2: Market Purview
Chapter 3: Market Dynamics
Chapter 4: Global Smart Grid Communications Market Analysis, By Product Type
Chapter 5: Global Smart Grid Communications Market Analysis, By Application
Chapter 6: Global Smart Grid Communications Market Analysis, By Region
Chapter 7: Competitive Landscape
Chapter 8: Company Profiles
Chapter 9: Research Methodology
Customized Research:
Prophecy Market Insights is able to provide customized research reports as per the specific business requirements.
FAQs
The Smart Grid Communications market report is segmented into Product type, application and region.
Driving factors include the increasing integration of renewable energy sources, the need for efficient grid management, and advancements in communication technologies for real-time monitoring.
Global restraints may involve cybersecurity concerns, high implementation costs, and challenges associated with upgrading existing infrastructure.
The report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is estimated to dominate the Smart Grid Communications Market, experiencing a significantly high revenue share over the forecast period.
Key players operating in the global smart grid communications market include, Itron, Landis Gyr, Inc., Echelon Corp., Sensus USA, Inc., Silver Spring Networks, Inc., and ABB, Ltd.