Global Smart Grid Technology Market Research Report

Smart grid is an evolved form of power grid that manages electricity demand in a sustainable, reliable and economic manner. Smart grid reduces the distribution and transmission losses and enhances the efficiency of the networks. The adoption of smart grid is very fast in developed as well as in developing countries.

Some of the other major drivers of smart grid market are the aging of the conventional electrical grids installed in many countries which causes massive blackouts results in large monetary losses to government. Thus the growing need of countries to reduce these blackouts is driving the smart grid market. The smart grid market is expected to grow at a very fast rate in coming years.

Smart grid market can be segmented by Applications, Geographies, and sizes. Applications of Smart grid are building/commercial, residential, and industrial. Companies of Smart grid are ABB, Aclara, Alstom, Demansys Energy LLC., Echelon, Leidos, Grid Net, Metrycom, Siemens, Schneider Electric, and Other Companies.

The categorization is also done on the basis of geographies which include continents like Asia-Pacific, Europe, Africa, Middle East, North America and South America.

Key Countries of Continents:

• Europe: Russia, United Kingdom, Germany, Finland
• Asia Pacific: China, Japan, India, South Korea, Australia
• Middle East: Saudi Arabia, UAE, Egypt
• Africa:  South Africa, Algeria
• Americas: Brazil, United States, Canada

The reports also give an overview of the different strategies which are adopted by the major companies in smart grid market. It tells about the market attractiveness which is an indication of attraction of the market dynamics based on market size and growth. The reports also focus upon some of the market variables like financial attractiveness, market accessibility and possible risks in smart grid market.  Financial Attractiveness is an indication of the company’s ability to make a profit in the market.  Market Accessibility refers to an indication of how difficult the proposed option would be to access and possible risks looks at the different levels of uncertainty that surrounds each option.