Smart Grid Market trends research and projections for 2017 – 2024

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Smart Grid Market Price, Packaging Trends,
Industry Outlook Forecast 2017-2024
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Global Market Scenario of Smart Grid Industry

• Global Smart Grid Market size is expected to
  witness a substantial growth during the forecast
  period. Stringent government regulations along
  with measures towards continuous and reliable
  energy will positively influence the industry
  size from 2017 to 2024.The countries across the
  globe are developing laws and regulations to
  smoothly facilitate its development across the
  region. In December 2007, the U.S. government
  passed the Energy Independence and Security Act
  (EISA) for the legislative support of smart grid
  activities by Department of Energy. The EISA
  reinforced coordination of national grid
  modernization effort.
• Growing investments towards the integration of
  renewable energy sources with the national and
  state grid for delivering reliable and clean
  electricity will augment the smart grid market.
  For instance, the EU has set target for member
  countries to increase the penetration of
  renewable energy by 20 in the total energy
  supply by 2020.

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• The need for replacing aging grid infrastructure
  with advance and secured systems in line of
  reducing frequent outages will further augment
  the smart grid market size over the forecast time
  frame. In 2016, Government of Australia had
  announced the investment of over USD 6.1 billion
  from 2017 to 2027 towards deployment of smart
  meters, battery storage, advanced sensors and
  communications across the transmission network.
• Reasons to Buy This Report
• 1. Global Smart Grid Market size share
  forecast by product application, 2017-2024
• 2. Growth drivers, pitfalls industry
  challenges
• 3. Global Smart Grid Market growth
  opportunities emerging business models
• 4. Competitive benchmarking with market
  share analysis and company profiles
• The need for centralized grid distribution
  management and control systems will further
  influence the smart grid market size from 2017 to
  2024. Rising need for new technologies,
  integration of fuel choices, increasing energy
  saving targets and inclination towards efficient
  energy management are some vital driving forces
  that impact the industry. It integrates
  information and communication technologies with
  the traditional electrical power grid to empower
  electric utility providers and customers by
  improving efficiency with constant monitoring and
  control.
• Based on technology smart grid market is
  segmented into advanced metering infrastructure,
  smart grid communication, distribution
  management, billing customer information
  system, grid asset management and geographic
  information system.

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Research Methodology
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