The Key Players in Global Smart Energy Market 2016-2020
Tuesday 5 July 2016, Amsterdam
The report, now available on ASDReports, recognizes the following companies as the key players in the global smart energy market: GE Energy, Itron, Landis +Gyr, Sensus, Siemens, ABB, and S&T.
Commenting on the report, an analyst said: “A trend contributing to market growth is the high rate in the deployment of smart grids. The deployment of smart grids is increasing rapidly worldwide with countries such as China, the US, India, Spain, Germany, and France enforcing ambitious smart grid plans. Smart grids include grid applications such as smart energy meters, SCADA systems, IT, and other communication networks. These devices enable utilities to have complete control and manage the digital assets that are present in the field.”
According to the report, a key growth driver is the rise in investments in smart grid technologies. Rise in population and subsequent increase in power consumption have resulted in high demand for power across geographies. With increased power consumption, generation, and increased contribution of renewable sources of energy, different countries such as the US, China, India, and the UK have been upgrading their grids to incorporate multiple sources of energy to be smarter than their predecessors. Smart grids are expected to reduce the T&D losses and effectively balance the demand and supply of electricity. Consequently, investments in smart grid technologies have increased and propelled the growth of smart grid IT systems.
Further, the report states that one challenge that could restrict market growth is the high cost of upgrading smart grids.
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.
Global Smart Energy Market 2016-2020
Publish date : June 2016
Report code : ASDR-278499
Pages : 80