Published by news degree
Posted on August 3, 2021
10 min readLast updated: January 21, 2026
The Smart Grid Market is expected to reach USD 92.97 Billion by 2026, according to a new report by Reports and Data. Grid technology is one perspective of a general trend towards smart technologies. The manufacturing, agriculture, and pharmaceutical enterprises are also harnessing solutions rendered by data collection, cutting edge technology, and computer power to enhance operations. Even cities are slowly becoming connected to the IoT (Internet of Things) with several measurement devices. The quantity of connected devices to the Internet of Things is set to expand extensively, which includes wearable technology. Collecting such huge volumes of data needs high-speed internet networks. To renew current infrastructure, significant investments are needed but are anticipated to pay off in the long term. Smart cities are required to promote the extensive connectivity that will enable self-driving cars and unmanned aerial vehicles (UAVs) to perform.
The market in the Asia Pacific region is anticipated to witness the highest CAGR of 20.8% during the forecast period. The rising government support in the form of funding and desirable policies are propelling market growth. Modernization of existing grid support with enhanced grid safety and effective outage response is again expediting the market growth. Also, rising awareness about carbon footprint management are kindling market growth. Upcoming smart city plans in emerging regions are anticipated to offer an opportunity during the forecast period.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2184
Key participants include
Cisco Systems, Inc., Itron Inc., Honeywell International Inc, General Electric, Wipro Limited, IBM, Oracle, Siemens, Schneider Electric, Tech Mahindra Limited.
Further key findings from the report suggest
The Smart Grid Market is estimated to reach USD 92.97 Billion by 2026, at a CAGR of 19.4% during the forecast period.
The solution component accounted for a larger share of 65.8% of the market in 2018.
The commercial end user segment accounted for the largest share of 35.5% of the market in 2018.
The smart grid distribution management technology is expected to witness the highest CAGR of 20.3% during the forecast period.
The largest share is accounted by the North America with a share of 28.3% of the market in 2018. The technological shifts in IT have led to constant improvements in the region. The significant growth drivers for this region are the investments in smart grid and smart city projects in large-scale and the demand for more reliable smart grid and control mechanisms.
Various players are developing strategies to mark their presence in the industry.
For example, in 2017, GE collaborated with TREDAS to start the first joined smart grid operating system in Turkey. These approaches have helped GE to place itself as a market leader and extend its product portfolio in the smart grid market.
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/2184
For this report, Reports and Data have segmented into the global Smart Grid market on the basis of resin type, composite phases, industry vertical, and region:
Component Outlook (Revenue, USD Billion ; 2016-2026)
Solutions
Services
Technology Outlook (Revenue, USD Billion ; 2016-2026)
Advanced Metering Infrastructure (AMI)
Smart Grid Distribution Management
Smart Grid Communications
Smart Grid Network Management
Substation Automation
Smart Grid Security
Others
End User Outlook (Revenue, USD Billion ; 2016-2026)
Residential
Commercial
Industrial
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2184
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
The post Smart Grid Market Growth, Key Factors, Major Companies, Forecast To 2027 | Top Comapnies Cisco Systems, Itron, Honeywell International, General Electric, etc first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
The Smart Grid Market is expected to reach USD 92.97 Billion by 2026, according to a new report by Reports and Data. Grid technology is one perspective of a general trend towards smart technologies. The manufacturing, agriculture, and pharmaceutical enterprises are also harnessing solutions rendered by data collection, cutting edge technology, and computer power to enhance operations. Even cities are slowly becoming connected to the IoT (Internet of Things) with several measurement devices. The quantity of connected devices to the Internet of Things is set to expand extensively, which includes wearable technology. Collecting such huge volumes of data needs high-speed internet networks. To renew current infrastructure, significant investments are needed but are anticipated to pay off in the long term. Smart cities are required to promote the extensive connectivity that will enable self-driving cars and unmanned aerial vehicles (UAVs) to perform.
The market in the Asia Pacific region is anticipated to witness the highest CAGR of 20.8% during the forecast period. The rising government support in the form of funding and desirable policies are propelling market growth. Modernization of existing grid support with enhanced grid safety and effective outage response is again expediting the market growth. Also, rising awareness about carbon footprint management are kindling market growth. Upcoming smart city plans in emerging regions are anticipated to offer an opportunity during the forecast period.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2184
Key participants include
Cisco Systems, Inc., Itron Inc., Honeywell International Inc, General Electric, Wipro Limited, IBM, Oracle, Siemens, Schneider Electric, Tech Mahindra Limited.
Further key findings from the report suggest
The Smart Grid Market is estimated to reach USD 92.97 Billion by 2026, at a CAGR of 19.4% during the forecast period.
The solution component accounted for a larger share of 65.8% of the market in 2018.
The commercial end user segment accounted for the largest share of 35.5% of the market in 2018.
The smart grid distribution management technology is expected to witness the highest CAGR of 20.3% during the forecast period.
The largest share is accounted by the North America with a share of 28.3% of the market in 2018. The technological shifts in IT have led to constant improvements in the region. The significant growth drivers for this region are the investments in smart grid and smart city projects in large-scale and the demand for more reliable smart grid and control mechanisms.
Various players are developing strategies to mark their presence in the industry.
For example, in 2017, GE collaborated with TREDAS to start the first joined smart grid operating system in Turkey. These approaches have helped GE to place itself as a market leader and extend its product portfolio in the smart grid market.
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/2184
For this report, Reports and Data have segmented into the global Smart Grid market on the basis of resin type, composite phases, industry vertical, and region:
Component Outlook (Revenue, USD Billion ; 2016-2026)
Solutions
Services
Technology Outlook (Revenue, USD Billion ; 2016-2026)
Advanced Metering Infrastructure (AMI)
Smart Grid Distribution Management
Smart Grid Communications
Smart Grid Network Management
Substation Automation
Smart Grid Security
Others
End User Outlook (Revenue, USD Billion ; 2016-2026)
Residential
Commercial
Industrial
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2184
Have a Look at Related Reports:
Over-The-Air (OTA) Testing Market Size, Share & Demand By Offerings (Services, Hardware), By Technology (LTE, 5G, UMTS, GSM, CDMA), By Application (Telecommunication & Consumer Devices, Automotive & Transportation, and Others), and By Region – Global Forecast to 2028
Waterproof Portable Bluetooth Speaker Market Size, Share and Industry Analysis by Type (AC Bluetooth Speakers, DC Bluetooth Speakers, AC/DC Bluetooth Speakers), By Distribution Channel (Online, Offline), By Application (Home Use, Commercial Use), and Region – Global Forecast to 2028
IoT in Agriculture Market Size, Share & Analysis, By Offering (Hardware, Software, And Services), By Agriculture Type (Precision Farming, Precision Forestry, Livestock Monitoring, Smart Greenhouse, Fish Farm Monitoring, And Others), By Application (Precision Farming, Precision Forestry, Livestock Monitoring, Fish Farm Monitoring, Smart Greenhouse, Other), And By Region Forecast To 2028
Gesture Recognition Technology Market By Type (Touch-Based And Touchless), By Application (Gaming, Aerospace And Defence, Automotive, Hospitality, Education And Medical Centres), And Region- Global Forecast To 2027
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
The post Smart Grid Market Growth, Key Factors, Major Companies, Forecast To 2027 | Top Comapnies Cisco Systems, Itron, Honeywell International, General Electric, etc first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
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