According to a market report by Lucintel, the future of the smart grid networking market looks promising with opportunities in the industrial and commercial markets. The smart grid networking market is expected to grow with a CAGR of 25% from 2019 to 2024. The major drivers for this market are growing peak hours demand for electricity, increasing share of renewable energy in electricity, limitations in capacity expansion, and increasing environmental concerns.
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In this market, advanced metering infrastructure (AMI), distribution management system, network management system, and grid asset management are the major technology types.
Within the smart grid networking market, industrial and commercial are the major end use industries. Consulting, network planning, design and integration, network risk and security assessment, and network maintenance and support are the major service types of the smart grid networking market.
APAC will remain the largest market over the forecast period due to rapid urbanization and industrialization.
ABB, CISCO, Mitsubishi Electric, Fujitsu, General Electric, Huawei, Itron, Schneider Electric, Siemens AG, and Silver Spring Networks are among the major players of smart grid networking.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the smart grid networking market by end use industry, service, technology, and region. Lucintel has prepared a comprehensive research report entitled "Smart Grid networking Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the smart grid networking market by end use industry, service, technology, and region as follows:
By Technology Type [$M shipment analysis for 2013 – 2024]:
Distribution Management System
Network Management System
Advanced Metering Infrastructure
Grid Assets Management
Others
By End Use Industry [$M shipment analysis for 2013 – 2024]:
By Services [$M shipment analysis for 2013 – 2024]:
Consulting
Network Planning
Design And Integration
Network Risk And Security Assessment
Network Maintenance And Support
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/smart-grid-networking-market.aspx or helpdesk@lucintel.com.
About Lucintel
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