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Global Smart Grid Communications Market 2020-2024Speak directly to the analyst to clarify any post sales queries you may have.
The smart grid communications market is poised to grow by $ 1.65 bn during 2020-2024 progressing at a CAGR of 11% during the forecast period. The reports on smart grid communications market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rise in installation of smart energy meters, increasing government initiatives and benefits of smart grids over conventional power grids. In addition, rise in installation of smart energy meters is anticipated to boost the growth of the market as well.
The smart grid communications market analysis includes solution segment and geographical landscapes.
The smart grid communications market is segmented as below:
By Solution
- WAN
- FAN
- HAN
By Geographical Landscapes
- APAC
- North America
- Europe
- South America
- MEA
This study identifies integration of renewable energy sources into smart grids as one of the prime reasons driving the smart grid communications market growth during the next few years. Also, advent of 5G communication technology and increasing number of smart grid projects will lead to sizable demand in the market.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The smart grid communications market covers the following areas:
- Smart grid communications market sizing
- Smart grid communications market forecast
- Smart grid communications market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart grid communications market vendors that include ABB Ltd., Cisco Systems Inc., Eaton Corporation Plc, Fujitsu Ltd., General Electric Co., Honeywell International Inc., Siemens AG, S&C Electric Co., Schneider Electric SE, and Xylem Inc.. Also, the smart grid communications market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary.
This market research report provides a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Solution
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global smart grid communications market: ABB Ltd., Cisco Systems Inc., Eaton Corporation Plc, Fujitsu Ltd., General Electric Co., Honeywell International Inc., Siemens AG, S&C Electric Co., Schneider Electric SE, and Xylem Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is integration of renewable energy sources into smart grids."
According to the report, one of the major drivers for this market is the rise in installation of smart energy meters.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Cisco Systems Inc.
- Eaton Corporation Plc
- Fujitsu Ltd.
- General Electric Co.
- Honeywell International Inc.
- Siemens AG
- S&C Electric Co.
- Schneider Electric SE
- Xylem Inc.