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Smart Grid Market Share

Report ID: GMI1365
Published Date: Jun 2023
Report Format: PDF

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Smart Grid Market Share

Key players associated with the smart grid market include

ABB
General Electric
Siemens AG
Schneider Electric
Hubbell
Fujitsu
Honeywell International Inc
Itron Inc.
Landis+Gyr
Belden Inc.
Cisco Systems Inc.
IBM
Oracle
Wipro

A diverse range of digital products, adherence to regulatory requirements strong system integration capabilities successful deployment of digital grids are key factors which are adhered to by the major players to gain a competitive business position.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of smart grid crossed a valuation of USD 60.2 billion in 2023 and is likely to expand at 10.7% CAGR during 2024 to 2032, explains GMI report.

The adoption of smart grid technologies is rapidly increasing with the rapid deployment of advanced metering infrastructure, which held a substantial industry share of over 27% in 2022.

Asia Pacific smart grid industry size will observe 12% growth rate during 2023 to 2032 on account of increasing energy demand owing to the growing population, ongoing industrialization, and urbanization across the region.

Fujitsu, ABB, General Electric, Siemens AG, Honeywell International Inc., Belden Inc., Itron Inc., Schneider Electric, Landis+Gyr, Cisco Systems, Inc., Oracle, IBM, Wipro, and Hubbell.