DUBLIN--(BUSINESS WIRE)--The "Smart Grid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.
The report on global smart grid market provides qualitative and quantitative analysis for the period of 2016 to 2024. The report predicts the global smart grid market to grow with a CAGR of 17.5% over the forecast period of 2018-2024.
The distribution power generation facility of smart grid is expected to boost the growth of smart grid market. The factors such as favorable government policies, growing Government initiatives for Smart Meter Roll-Outs and rising demand of integration of renewable energy are contributing in the growth of smart grid market. However, high setup cost and lack of expertise are the factors hampering the growth of smart grid market. Moreover, growing energy infrastructure and trending smart city projects are projected to create the many opportunities for the smart grid market in upcoming years.
Geographically, Asia Pacific is the largest and the fastest growing region in the smart grid market owing to the rapidly growing technological and infrastructure advancements in the energy sectors. The increasing adoption of smart meter in the Asia Pacific region is likely to boost the growth of smart grid market in this region.
Global Smart Grid Market by Technology
- Advanced Metering Infrastructure
- Software And Hardware
- Communication Technologies
- Distribution Automation
- Transmission Upgrades
- Cyber Security
- Schneider Electric
- Silver Spring Networks
For more information about this report visit https://www.researchandmarkets.com/research/3gcqp3/global_smart_grid?w=4