Ongoing transformation of digitisation of electricity grid has paved strong foundation for the integration of intelligent energy management technologies.Development of single source virtual platforms to increase consumer engagement toward ensuring energy optimization and sustainability have positively influenced the business outlook.
Moreover, the intervention of blockchain technology, virtual power plant platforms, demand side energy management, and utility account management services through relative monitoring and predictive analytics have further eased industrial operations.
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179 pages •
By Global Industry Analysts
• Sep 2020
Global Smart Grid Analytics Market to Reach $6 Billion by 2027 Amid the COVID-19 crisis, the global market for Smart Grid Analytics estimated at US$2.7 Billion in the year 2020, is projected to reach a revised size of US$6 Billion by 2027, growing at a CAGR of 11.8% over the analysis period 2020-2027. Asset Management, one of the segments...
Smart Grid Sensor Market Research Report by Type (Distributed Generation Sensors, High Voltage Line Temperature & Weather Condition Sensors, Smart Capacitor Control, Smart Sensors for Outage Detection, and Smart Sensors for Transformer Monitoring), by Component (Microcomputer, Power Source, Transceiver, and Transducer), by Solution,...
The global synchronous condenser market is projected to reach USD 574.0 million by 2025 from an estimated USD 508.4 million in 2020, at a CAGR of 2.5% during the forecast period. The increasing electrical power consumption and rising need to maximize transmission capacity are becoming increasingly important. Along with this, growing renewable-based...
Global Remote Terminal Unit (RTU) in Smart grid Market to Reach $331.8 Million by 2027 Amid the COVID-19 crisis, the global market for Remote Terminal Unit (RTU) in Smart grid estimated at US$243.1 Million in the year 2020, is projected to reach a revised size of US$331.8 Million by 2027, growing at a CAGR of 4.5% over the period 2020-2027....
This IDC Market Perspective provides an overview of the utilities industry in 3Q20, covering M&As, agreements, reorganizations, and major business developments; new financing deals; major traditional infrastructure projects; major renewables infrastructure projects; water developments; major hybrid and battery energy storage projects;...
The smart meter market witnessed a shipment of approximately 131.23 million units of smart meters globally in 2019 and is estimated to reach to 188.12 million units by 2025, registering a CAGR of 6.6% for the forecast period. Smart grids are being implemented around the world, with the aim of improving the efficiency of power networks. Smart...
The smart grid sensors market was valued US$ 325.00 million in 2019 and is expected to reach US$ 1,221.61 million by 2027; it is estimated to grow at a CAGR of 18.3% during 2020–2027.Demand for energy is less among most residences, and the grid was developed to provide electricity to residences with monthly bills. The practice causes one-way...
The global circuit breaker market size is projected to grow from an estimated USD 5.7 billion in 2020 to USD 7.7 billion by 2025, at a CAGR of 5.9% from 2020 to 2025. The key drivers for the circuit breaker market include growing investments in power generation, specifically from renewable energy sources; rising demand for reliable and secure...
The global surge arrester market is projected to reach USD 1.9 billion by 2025 from an estimated USD 1.5 billion in 2020, at a CAGR of 4.9% during the forecast period. The rising demand for electricity in APAC and the growing focus on increasing renewable energy installed capacity are encouraging utilities to invest in the electricity transmission...
Executive Summary The Global HVDC Transmission Market was valued at USD 7831.55 Million in the year 2019. Rapid urbanization along with favorable government reforms across residential & commercial establishments will drive the HVDC Transmission market. With the rising demand for electricity in Asia-Pacific countries and...
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