Energy Management Systems Market worth $75.0 Billion by 2027
The global Energy Management Systems Market size is estimated to be USD 75.0 billion by 2027 from USD 38.6 billion in 2022, at a CAGR of 14.2% during the forecast period. The Energy Management Systems Market, is expected to witness significant growth during the forecast period. With such a high demand for energy resources, the volatility in energy prices centers on changes in supply and...
Utility Communication Market worth $26.1 Billion by 2027
The
global Utility Communication Market is projected to grow from USD 20.2 billion in 2022 to USD 26.1 billion
by 2027, at a CAGR of 5.3% according to a new report by MarketsandMarkets™. The Utility Communication Market has promising growth. Growing
investment in smart grids; the need for improving grid reliability and
operating efficiency and reducing outage length; rising technological
advancements...
Smart Grid Market Size to Reach $103.4 Billion by 2026
The global smart grid market is expected to grow from an estimated USD 43.1 billion in 2021 to USD 103.4 billion by 2026, at a CAGR of 19.1% during the forecast period. The modernization of aging grid infrastructure is one of the primary factors driving the smart grid market growth. Moreover, the government across the world is encouraging investments in smart grids.
Smart grid technology...
Electric Insulator Market Expected to Grow $13.34 Billion by 2023
The global electric
insulator market is expected to grow from an estimated USD 10.17 billion in
2018 to USD 13.34 billion by 2023, at a CAGR of 5.58%. In 2018, the market in
Asia Pacific is estimated to be the largest, followed by North America. Factors
such as increasing investments in T&D networks, refurbishment of existing
grid networks, and growing adoption of renewable energy sources are...
Meter Data Management System Market to See Huge Growth by 2023
The global Meter Data Management System Market is projected to reach $428 million by 2023 from an estimated $169 million in 2018, at a CAGR of 20.48% from 2018 to 2023. This growth can be attributed to the increased government policies and supportive mandates for smart meter installations and need for accurate utility bill generation.
Europe is projected to be the second largest region, with...
Energy Management Systems Market Likely to Boost Future Growth by 2027
According to the new market research report
“Energy
Management Systems Market by Component, Type (Home Energy Management
Systems, Building Energy Management Systems, Industrial Energy Management
Systems), Deployment, End-User Industry and Region – Global Forecast to 2027″,
published by MarketsandMarkets™, the global Energy Management Systems
Market size is estimated to be USD 75.0...
Smart Grid Market to Show Robust Growth in Near Future
The global smart
grid market is expected to grow from an estimated USD 43.1 billion in 2021
to USD 103.4 billion by 2026, at a CAGR of 19.1% during the forecast period. Modernization
of aging grid infrastructure is one the primary factors driving market growth.
Moreover, the government across the world is encouraging the investments in
smart grids.
Smart grid technology enables the
transition from...
Smart Electric Meter Market May Set New Growth Story
The global smart
electric meter market is projected to grow from an estimated USD 9.27
billion in 2018 to USD 11.33 billion by 2023, at a CAGR of 4.11%, during the
forecast period. The increased need for efficient data monitoring systems,
coupled with favourable government policies for a smart meter rollout is
driving the market for smart electric meters. Other factors include improved
cost savings,...
Smart Electric Meter Market to Hit $11.33 Billion by 2023
The global smart
electric meter market is projected to grow from an estimated USD 9.27
billion in 2018 to USD 11.33 billion by 2023, at a CAGR of 4.11%, from 2018 to
2023. The increased need for efficient data monitoring systems, coupled with
favourable government policies for a smart meter rollout is driving the market
for smart electric meters. Other factors include improved cost savings,
increased...
Utility Communication Market expected to Grow $23.2 Billion by 2026
According to the new market research report
“Utility Communication Market by
Technology Type(Wired and Wireless), Utility Type, Component(Hardware and
Software), Application (Oil & Gas Network, T&D), End User (Residential,
Commercial, and Industrial) and Region- Global Forecast to 2026″, published by
MarketsandMarkets™, the Utility Communication Market size is expected...