Kenneth Research has published a detailed report on Smart Grid Networking Market, which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.
The Smart Grid Networking Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.
Market Synopsis of Smart Grid Networking Market
Market Scenario
The smart grid networking market isn’t just growing, it is accelerating. Rise in smart grid deployments is one major factor driving the growth of smart grid market. Also, increasing need for better energy management is another major factor responsible for driving the growth of smart grid networking market.
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ABB Group, Cisco Systems, Inc., Mitsubishi Electric, Fujitsu, General Electric Company, Huawei Technologies Co. Ltd., Itron, and Schneider Electric are a few major players in the global smart grid networking market. Increasing deployment of smart grids will create opportunities for traditional energy and open market for new players. Also, the growing demand for process automation and increasing need for remote monitoring of applications is set to drive the growth of the smart grid networking market. Increasing traction of smart grid as a service applications is one major factor responsible for fueling the growth of global smart grid networking market.
The software segment in the smart grid networking market comprises of network performance monitoring management, IP address management, network traffic management, network device management, network configuration management, network security management, and others. The network performance monitoring management sub-segment of the global smart grid networking market is expected to grow at a significant rate during the forecast period. This is owing to the increasing demand for real time monitoring of power consumption and energy management. Also, the growing trend of adopting smart and enery efficienct management systems is one major factor driving the growth of smart grid networking market.
North America region holds the largest share of the market across the globe followed by Europe, and Asia Pacific region. The U.S. and Canada are dominating the North American market due to rising technological enhancements and growing adoption of artificial intelligence in the region. Moreover, the region has a well-established infrastructure, which allows faster implementation of advanced technologies. Additionally, the growing adoption of smart grid deployment is another major factor driving the growth of smart grid networking market in the region.The global smart grid networking market is expected to grow at a CAGR of approximately 10% during the forecast period 2017-2023.
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Key Players
Some of the prominent players in the global smart grid networking market are ABB Group (Switzerland), Cisco Systems, Inc. (U.S.), Mitsubishi Electric (Japan), Fujitsu (Japan), General Electric Company (U.S.), Huawei Technologies Co. Ltd. (China), Itron (U.S.), Schneider Electric SE (France), Siemens AG (Germany) and Trilliant Holdings, Inc. (U.S.) among others.
Segments
The global smart grid networking market is segmented by hardware, software and service. Based on hardware, the market is segmented into cables, controllers, routers, smart meter communication modules, switches and others. Based on software, the market is segmented into network performance monitoring management, IP address management, network traffic management, network device management, network configuration management, network security management and others. Based on service, the market is segmented into consulting, network planning, design and integration, network risk and security assessment, network maintenance & support, and others.
Regional Analysis
The global smart grid networking market is studied in Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The growth of the market in North America is attributed to technological advancements and increased adoption of smart grid networking applications across various industry verticals.
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Intended Audience
Technology Investors
Research/Consultancy firms
Government Bodies
Smart Grid Manufacturers
Smart Grid Network Providers
Information Technology (IT) developers
Consulting service providers
Technology Providers
System integrators
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Market HighlightsThe global smart grid networking market is projected to witness a rapid growth during the forecast period owing to increasing demand for energy management systems and increasing adoption of smart grid deployments.
Moreover, increasing demand for smart grid networking solutions and services across various uindustry verticals is driving the growth of the global Smart Grid Networking Market.The global smart grid networking market by geography is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Due to the sustainable and well-established economies in the region, the market is likely to show immense growth in the coming future.
The growth of the market is also attributed to the increasing focus on business organizations towards better energy management and growing adoption of smart grid networking solutions by enterprises.
In the global smart grid networking market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the increasing implementation of energy management systems and wireless mesh networks in order to provide real time control power and data supply across different countries in the region.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/5443The global smart grid networking market is expected to grow at a CAGR of approximately 10% during the forecast period 2017-2023.Smart Grid Networking Market SegmentationThe global smart grid networking market is segmented on the basis of hardware, software and service.However, the hardware segment is classified into cables, controllers, routers, smart meter communication modules, switches and others.
Market HighlightsThe global smart grid networking market is projected to witness a rapid growth during the forecast period owing to increasing demand for energy management systems and increasing adoption of smart grid deployments.
Moreover, increasing demand for smart grid networking solutions and services across various uindustry verticals is driving the growth of the global smart grid networking market.The global smart grid networking market by geography is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Due to the sustainable and well-established economies in the region, the market is likely to show immense growth in the coming future.
The growth of the market is also attributed to the increasing focus on business organizations towards better energy management and growing adoption of smart grid networking solutions by enterprises.
Avail the in-depth table of content TOC & market synopsis on “Smart Grid Networking Market Research Report-Forecast to 2023”.Smart Grid Networking Market SegmentationThe global smart grid networking market is segmented on the basis of hardware, software and service.However, the hardware segment is classified into cables, controllers, routers, smart meter communication modules, switches and others.
This owing to the efficiency being offered by smart meetrs that help in recording the power consumption in real time.
The field device management (FDM) market size is expected to reach USD 1,700.1 Million by 2026 according to a new study by Polaris Market Research.
The report “Field Device Management (FDM) Market Share, Size, Trends, Industry Analysis Report By Component (Hardware, Software); By Deployment (Cloud, On-premises); By Communication Protocol; By Application (Oil & Gas, Energy & Power, Chemicals, Pharmaceuticals, Metals & Mining, Water & Wastewater, Automotive, Manufacturing); By Regions, Segment Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.Due to developments in hardware technologies, demand is increasing in the global device management market.
Timely improvements in device configuration are a major requirement in all major industries.
Therefore, the global industry for FDM in the following years is projected to generate huge revenues.Get Sample PDF @ https://www.polarismarketresearch.com/industry-analysis/field-device-management-market/request-for-sampleNorth America has the largest market share of nearly 35 per cent of the overall worldwide revenue in the field of device management.
In the high-market size of field device management systems in this area, North America, in particular, plays a key role.
With a technological boom in the industrial environment, the adoption of field device management systems is growing fast in the United States.
The global field device management (FDM) market size is expected to reach USD 1,700.1 Million by 2026 according to a new study by Polaris Market Research.
The report “Field Device Management (FDM) Market Share, Size, Trends, Industry Analysis Report By Component (Hardware, Software); By Deployment (Cloud, On-premises); By Communication Protocol; By Application (Oil & Gas, Energy & Power, Chemicals, Pharmaceuticals, Metals & Mining, Water & Wastewater, Automotive, Manufacturing); By Regions, Segment Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Therefore, the global industry for FDM in the following years is projected to generate huge revenues.
The growth of the segment depends primarily on the increasing use in different industries of automation technology, Industry 4.0, and the IoT.
Software for field device management can be used to carry out preventive maintenance and management tasks.
The tools help the classification and management of collected information such as inspection notes, inspection timetables and system configuration information.
The Global SF6 Gas Circuit Breaker Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on type and application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global SF6 Gas Circuit Breaker Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/9261-sf6-gas-circuit-breaker-market-reportThe report also covers the complete competitive landscape of the global SF6 Gas Circuit Breaker market with company profiles of key players such as:ABB GroupActomChina XD GroupChint GroupCrompton GreavesGE Grid SolutionsHenan Pinggao ElectricHitachi Ltd.Hyosung CorporationKoncar Electrical IndustryMitsubishi ElectricSchneider ElectricShandong Taikai Power Engineering Co., Ltd.Siemens AGToshiba CorporationA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Type:Below 40.5kv40.5kv-252kvAbove 252kvBy Applications:Electric Power TransmissionElectric Power DistributionBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Rest of the World (RoW)Download Free Sample Report of Global SF6 Gas Circuit Breaker Market @ https://www.decisiondatabases.com/contact/download-sample-9261The Global SF6 Gas Circuit Breaker Market has been exhibited in detail in the following chapters –Chapter 1 SF6 Gas Circuit Breaker Market PrefaceChapter 2 Executive SummaryChapter 3 SF6 Gas Circuit Breaker Industry AnalysisChapter 4 SF6 Gas Circuit Breaker Market Value Chain AnalysisChapter 5 SF6 Gas Circuit Breaker Market Analysis By TypeChapter 6 SF6 Gas Circuit Breaker Market Analysis By ApplicationsChapter 7 SF6 Gas Circuit Breaker Market Analysis By GeographyChapter 8 Competitive Landscape Of SF6 Gas Circuit Breaker CompaniesChapter 9 Company Profiles Of SF6 Gas Circuit Breaker IndustryPurchase the complete Global SF6 Gas Circuit Breaker Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-9261Other Reports by DecisionDatabases.com:Global Circuit Breakers Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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Global Microgrid Market is anticipated to reach USD 17.51 billion by 2025.
Microgrids produce power, and in doing so, decrease necessity of long distance transmission lines and cut transmission damages.The factors that propel the growth of the microgrid industry include increasing demand for reliable and secure power supply worldwide, government initiatives to reduce carbon footprint, and the compensations of clean and cheap energy storage.
On the other hand, there are factors that may hamper the growth of the market including massive investment essential for integrating existing systems with microgrid, high primary cost of installation, solar PV installation in rural areas, and technical barriers.
The industry may be analyzed by consumption pattern as Semi-urban, Rural/Island, and Urban/Metropolitan.Microgrid industry may be categorized by verticals as Healthcare, Educational Institutes, Military, Industrial, Government & Utilities may be subdivided into Rural Electrification and Urban Electrification, and Other verticals may comprise Data Centers, Telecom Infrastructure (Cellphone Towers), and Electric Vehicles.
The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.Market Segment:Microgrid Power Source Outlook (Volume, MW; Revenue, USD Million; 2014 - 2025)Natural GasCHPSolar PVDieselFuel CellOthersMicrogrid Product Outlook (Volume, MW; Revenue, USD Million; 2014 - 2025)RemoteGrid connectedHybridMicrogrid Application Outlook (Volume, MW; Revenue, USD Million; 2014 - 2025)GovernmentEducationCommercialUtilityDefenseOthersMicrogrid Regional Outlook (Volume, MW; Revenue, USD Million; 2014 - 2025)North AmericaU.S.EuropeGermanyAsia PacificChinaIndiaCentral & South AmericaBrazilMiddle East & AfricaBrowse Full Research Report with TOC @ https://www.millioninsights.com/industry-reports/microgrid-marketTable of ContentsChapter 1.
List of Data Sources 1.4.
