Smart Grid Market expected to Grow $103.4 Billion by 2026
According to the new market research report
“Smart
Grid Market by Component (Software, Hardware, Services), Application
(Generation, Transmission, Distribution, Consumption/End Use), Communication
Technology (Wireline, Wireless), and Region – Global Forecast to 2026″, published
by MarketsandMarkets™, the smart grid market size will grow to USD 103.4
billion by 2026 (forecast year)...
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...
Recloser Market – Rising Investments in Renewables and Distribution Infrastructure are Driving Market
The global recloser market (including sectionalizer) is projected to reach USD 2,461 million by 2025 from an estimated market size of USD 1,943 million in 2020, at a CAGR of 4.8% during the forecast period. The factors driving the market include increasing demand of power, expansion of transmission and distribution (T&D) networks. Additionally increasing investments in renewable energy sector...
Meter Data Management System Market to Grow at Fastest Rate of 20.48% during 2018-2023
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.
The electricity
segment is expected to be the fastest growing...
Utility Communication Market to be $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...
Vacuum Interrupter Market to be worth $3.1 Billion by 2025
According to the new market research report “Vacuum Interrupter Market By Application (Circuit Breaker,
Contactor, Recloser, Load Break Switch, & Tap Changer), End User (Oil &
Gas, Mining, Utilities & Transportation), Rated Voltage And Region – Global
Forecast To 2025″, published
by MarketsandMarkets™, the Vacuum Interrupter Market is projected to reach USD
3.1 billion...
Impact of COVID 19 on Smart Grid Market
Post COVID-19, the report “COVID-19
Impact on Smart Grid Market by Component (Hardware, Software and
Services) and Region – Global Forecast to 2021″ size is estimated to
be USD 26.9 billion in 2020 and projected to reach USD 28.8 billion by 2021 at
a CAGR of 7.1% from 2020 to 2021. The
major factors driving the growth of the smart grid industry include
modernization of aging...
Microgrid Market: Market Shares, Trends, Top Key Players, Industry Overview and Global Forecast to 2023
The microgrid market is expected to grow from USD 22.22 billion in 2018 to USD 39.10 billion by 2023, at a CAGR of 11.97% between 2018 and 2023. Increasing demand for reliable and secure power supply worldwide; widespread industrialization and population growth fueling demand for energy storage systems; government initiatives to reduce carbon footprint; the convergence of IoT in enhancing microgrid...
Smart Grid Market Provides Ongoing Smart Cities and Smart Meter roll-out Projects Globally
Smart grid integrates and coordinates the flow of energy from generation, distribution, and transmission for the ease of utilities. It optimizes the energy daily, and also has facilities for managing power during incidents, events, and outages.
Government policies and legislative mandates, and regional government initiatives for smart meter roll-outs under smart cities models are some of the driving...