Global Smart Grid Communications Market 2020-2024

Global Smart Grid Communications Market 2020-2024

  • September 2020 •
  • 120 pages •
  • Report ID: 5764047 •
  • Format: PDF
Global Smart Grid Communications Market 2020-2024
The analyst has been monitoring the smart grid communications market and it is poised to grow by $ 1.65 bn during 2020-2024 progressing at a CAGR of 11% during the forecast period. Our reports on smart grid communications market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rise in installation of smart energy meters, increasing government initiatives and benefits of smart grids over conventional power grids. In addition, rise in installation of smart energy meters is anticipated to boost the growth of the market as well.
The smart grid communications market analysis includes solution segment and geographical landscapes

The smart grid communications market is segmented as below:
By Solution
• WAN
• FAN
• HAN

By Geographical Landscapes
• APAC
• North America
• Europe
• South America
• MEA

This study identifies integration of renewable energy sources into smart grids as one of the prime reasons driving the smart grid communications market growth during the next few years. Also, advent of 5G communication technology and increasing number of smart grid projects will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our smart grid communications market covers the following areas:
• Smart grid communications market sizing
• Smart grid communications market forecast
• Smart grid communications market industry analysis